The value of building permits in Canada plunged 17.1% from a month earlier to CAD 6 billion in April 2020, following a downwardly revised 13.4% fall in March. It was the largest decline in the value of building permits since October 2008, amid the coronavirus crisis. The total value of residential permits dropped 14.2%, as permits for single family dwellings fell at a record pace (-35.9%) while multi-family dwellings rose 4.8%. Additionally, the value of commercial permits slumped 21.5%, mainly due to industrial permits (-34.7%), commercial (-21.5%) and institutional (-10.5%). Declines were reported in 8 provinces, with the largest in Quebec (-34.1%) and Ontario (-20%). Although most municipalities were still issuing permits in April, Quebec's decision to shut down non-essential construction activity due to the pandemic led to it posting its largest month-over-month percentage fall on record.

Building Permits in Canada averaged 2515862.38 CAD Thousand from 1950 until 2020, reaching an all time high of 9595965 CAD Thousand in April of 2019 and a record low of 57056 CAD Thousand in November of 1951. This page provides - Canada Building Permits - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Value of Building Permits - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Statistics Canada

Building Permits in Canada is expected to be 7800000.00 CAD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Building Permits in Canada to stand at 8180000.00 in 12 months time. In the long-term, the Canada Value of Building Permits is projected to trend around 8250000.00 CAD Thousand in 2021 and 8350000.00 CAD Thousand in 2022, according to our econometric models.

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Canada Value of Building Permits

Actual Previous Highest Lowest Dates Unit Frequency
6046074.00 7288890.00 9595965.00 57056.00 1950 - 2020 CAD Thousand Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-09 12:30 PM Jan 4% 9.9% 4%
2020-04-08 12:30 PM Feb -7.3% 3.3% -4.5% -4%
2020-05-08 12:30 PM Mar -13.2% -8.4% -20% -15%
2020-05-27 12:30 PM Apr -17.1% -13.4% -11%
2020-07-09 12:30 PM May -17.1% -19%
2020-09-09 12:30 PM Jul
2020-10-08 12:30 PM Aug
2020-11-09 01:30 PM Sep 1.1%


News Stream
Canada Building Permits Fall the Most in Over 11 Years
The value of building permits in Canada plunged 17.1% from a month earlier to CAD 6 billion in April 2020, following a downwardly revised 13.4% fall in March. It was the largest decline in the value of building permits since October 2008, amid the coronavirus crisis. The total value of residential permits dropped 14.2%, as permits for single family dwellings fell at a record pace (-35.9%) while multi-family dwellings rose 4.8%. Additionally, the value of commercial permits slumped 21.5%, mainly due to industrial permits (-34.7%), commercial (-21.5%) and institutional (-10.5%). Declines were reported in 8 provinces, with the largest in Quebec (-34.1%) and Ontario (-20%). Although most municipalities were still issuing permits in April, Quebec's decision to shut down non-essential construction activity due to the pandemic led to it posting its largest month-over-month percentage fall on record.
2020-05-27
Canada Building Permits Fall 13.2% MoM in March
The value of building permits in Canada declined 13.2 percent from a month earlier to CAD 7.4 billion, following an upwardly revised 8.4 percent fall in the previous month but less than an expected 20 percent tumble. The CAD 1.1 billion national decrease was the largest since August 2014. This reflected notable drops in Ontario (-12.9%), Quebec (-18.1%) and British Columbia (-19.4%), which coincided with efforts to slow the spread of COVID-19. The total value of residential permits went down 13.1% to CAD 4.6 billion, amid declines in permits for single-family dwellings (-15.3%) and multi-family dwellings (-11.1%). In addition, the value of non-residential permits declined 13.3% to CAD 2.8 billion, due to institutional (-15.7%) and commercial permits (-19.7%).
2020-05-08
Canada Building Permits Fall 7.3% in February
The value of building permits in Canada dropped 7.3 percent from a month earlier to CAD 8.6 billion in February 2020, following a downwardly revised 3.3 percent gain in January. The value of residential permits fell 7.3% to CAD 5.3 billion, mainly due to a decline in permits for multi-family dwellings (-18.1%); while the value of permits for single-family dwellings increased (8.3%), boosted by housing developments in Ontario, bringing the value of permits in the province to its highest level since December 2017. In addition, the value of non-residential permits declined 7.3% to CAD 3.2 billion, due to industrial (-25.3%), institutional (-4.5%) and commercial permits (-2.2%). The National Statistical Office in the context of the coronavirus pandemic also released March 2020 preliminary estimates of building permits. On a non-seasonally adjusted yearly basis, the value of building permits issued by Canadian municipalities is expected to fall 23.2% to CAD 1.4 billion in March 2020.
2020-04-08
Canada Building Permits Rise for 2nd Month
The value of building permits in Canada went up 4 percent from a month earlier to CAD 9.2 billion in January 2020, following an upwardly revised 9.9 percent gain in the previous month. The value of residential permits jumped 12.7 percent to CAD 5.8 billion, driven by multi-family dwellings (17.1 percent to CAD 3.4 billion), largely due to multiple projects in the CMA of Vancouver; and single-family dwellings (7 percent to CAD 2.4 billion), boosted by housing developments in Ontario and Quebec. On the other hand, the value of permits of the non-residential sector dropped 7.8 percent to CAD 3.5 billion, mainly due to institutional permits (-30.5 percent to CAD 732 million) and commercial (-0.8 percent to CAD); while industrial permits rose (6.8 percent to CAD 682 million).
2020-03-09

Canada Value of Building Permits
In Canada, building permits refer to the value of permits issued for new buildings, alterations, additions, renovations. It includes expenditures on materials, labour, profit and overheads. .