The total value of building permits in Canada fell 4.1 percent to CAD 9.1 billion in December of 2020, compared to market expectations of a 5 percent decline and following a downwardly revised 12.5 percent surge in November. The value of non-residential permits slipped 10.8 percent to CAD 2.7 billion, amid declines observed in commercial (-9 percent); industrial (-24.4 percent) and institutional (-6.1 percent) segments. The value of residential permits edged down 0.9 percent to CAD 6.4 billion after posting a record setting month in November, as permits issued for multi-family dwellings declined 7.2 percent to CAD 3.3 billion. Meanwhile, permits for single-family homes rose 7.0 percent to CAD 3.1 billion, surpassing the previous record of CAD 2.9 billion set in October 2016. The total value of building permits fell 2.3% in 2020, the largest annual decrease since the recession in 2009. source: Statistics Canada

Building Permits in Canada averaged 2572519.02 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 February of 2021.

Building Permits in Canada is expected to be 8100000.00 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 8250000.00 in 12 months time. In the long-term, the Canada Value of Building Permits is projected to trend around 8350000.00 CAD Thousand in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Canada Value of Building Permits

Actual Previous Highest Lowest Dates Unit Frequency
9083423.00 9469936.00 9595965.00 57056.00 1950 - 2020 CAD Thousand Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-29 12:30 PM Sep 17% 1.4% 1.1%
2020-11-30 01:30 PM Oct -14.6% 18.6% -5% -5%
2020-12-24 01:30 PM Nov 12.9% -12.6% 3% 2.7%
2021-01-28 01:30 PM Dec -4.1% 12.5% -5% -10%


News Stream
Canada Building Permits Fall Less than Expected
The total value of building permits in Canada fell 4.1 percent to CAD 9.1 billion in December of 2020, compared to market expectations of a 5 percent decline and following a downwardly revised 12.5 percent surge in November. The value of non-residential permits slipped 10.8 percent to CAD 2.7 billion, amid declines observed in commercial (-9 percent); industrial (-24.4 percent) and institutional (-6.1 percent) segments. The value of residential permits edged down 0.9 percent to CAD 6.4 billion after posting a record setting month in November, as permits issued for multi-family dwellings declined 7.2 percent to CAD 3.3 billion. Meanwhile, permits for single-family homes rose 7.0 percent to CAD 3.1 billion, surpassing the previous record of CAD 2.9 billion set in October 2016. The total value of building permits fell 2.3% in 2020, the largest annual decrease since the recession in 2009.
2021-01-28
Canada Building Permits 3rd Highest on Record
The total value of building permits in Canada rose 12.9 percent to CAD 9.4 billion in November of 2020, the third highest value on record, led by large permits for multi-family dwellings in British Columbia and Ontario, and an office building in the city of Toronto. The value of residential permits rose 10 percent to a new high of CAD 6.4 billion as the coronavirus pandemic prompted people to move away from the big cities. Meanwhile, non-residential permits rose by 19.5 percent to CAD 3 billion, mainly due to a CAD 507 million building permit for the new Cadillac Fairview office building in downtown Toronto.
2020-12-24
Canada Building Permits Fall More than Expected
The value of building permits in Canada fell 14.6 percent from a month earlier to CAD 8.2 billion in October of 2020, following an upwardly revised 18.6 percent rise in the prior month and compared with market expectations of a 5 percent decline. This mainly reflected notable decreases in Newfoundland and Labrador (-55.2 percent), Prince Edward Island (-27.2 percent) and Ontario (-23.9 percent). The total value of non-residential permits slumped 29.5 percent to CAD 2.5 billion, led by commercial (-40.9 percent); industrial (-19.8 percent) and institutional segments (-9.9 percent). Meantime, residential permits decreased 5.9 percent to CAD 5.7 billion, as permits issued for multi-family dwellings tumbled 9.0 percent to CAD 3.0 billion and those for single-family dwellings declined 2.2 percent to CAD 2.7 billion.
2020-11-30
Canada Building Permits Rise the Most in Over 11 Years
The value of building permits in Canada jumped 17% from a month earlier to an over one-year high of CAD 9.4 billion in September 2020, following a downwardly revised 1.4% gain in August. It was the largest rise in the value of building permits since March 2009, amid the easing of coronavirus restrictions. The total value of residential permits issued increased 6.9% to CAD 6.0 billion, as permits issued for single family homes increased 8.9% to CAD 2.8 billion and those for multi-family dwellings went up 5.2% to CAD 3.3 billion. Also, the total value of non-residential permits soared 40.6% to CAD 3.4 billion, driven by industrial (+49.1%), commercial (+42.3%) and institutional (+30.2%). Considering the third quarter as a whole, the value of building permits jumped 16.5%, almost returning to levels observed in Q4 2019. This was the largest gain since 2009 when the economy was recovering from the 2008 financial crisis and possibly reflected the issuance of permits delayed due to COVID-19.
2020-10-29

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. .