The value of building permits in Canada edged down 0.5% mom to CAD 11.1 billion in April of 2021 but remained close to a record high of CAD 11.5 billion set in March. The declines in the residential sector in British Columbia and Quebec outweighed national gains in the non-residential sector. The value of building permits in the residential sector fell 6.7% to $7.7 billion in April but still remained the second-highest on record. British Columbia (-23.7%) and Quebec (-14.9%) accounted for most of this decline. On the other hand, commercial permits surged 28.7% to $1.9 billion in April. A $97 million permit for the Sick Kids patient support centre in the city of Toronto and an $80 million permit for the Centennial Community and Aquatics Centre in the city of New Westminster were among several large permits that were issued in the month. source: Statistics Canada
Building Permits in Canada averaged 2612171.36 CAD Thousand from 1950 until 2021, reaching an all time high of 11162438 CAD Thousand in March of 2021 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 2021.
Building Permits in Canada is expected to be 9954158.00 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 10143053.00 in 12 months time. In the long-term, the Canada Value of Building Permits is projected to trend around 10331948.00 CAD Thousand in 2022 and 10583808.00 CAD Thousand in 2023, according to our econometric models.