Building Permits in Canada increased to 11597247 CAD Thousand in June from 10932828 CAD Thousand in May of 2023. source: Statistics Canada

Building Permits in Canada averaged 2859581.60 CAD Thousand from 1950 until 2023, reaching an all time high of 12601447.00 CAD Thousand in August of 2022 and a record low of 57056.00 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 August of 2023.

Building Permits in Canada is expected to be 10242000.00 CAD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Value of Building Permits is projected to trend around 11980000.00 CAD Thousand in 2024 and 12380000.00 CAD Thousand in 2025, according to our econometric models.

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Canada Value of Building Permits



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-10 12:30 PM May 10.5% -21% 7% 9.1%
2023-08-09 12:30 PM Jun 6.1% 12.6% -3.5% -1.3%
2023-09-07 12:30 PM Jul 6.1%


Related Last Previous Unit Reference
Building Permits 11597247.00 10932828.00 CAD Thousand Jun 2023
Housing Index 124.90 125.00 points Jul 2023
Home Ownership Rate 66.50 66.80 percent Dec 2021

Canada Value of Building Permits
In Canada, building permits refer to the value of permits issued for new buildings, alterations, additions, and renovations that includes expenditures on materials, labour, profit, and overheads. The value is based on a survey of 2,400 municipalities, representing 95% of the country's population. Building permits provide an early indication of construction activity in Canada but the issuance of a permit doesn't guarantee that construction is imminent.
Actual Previous Highest Lowest Dates Unit Frequency
11597247.00 10932828.00 12601447.00 57056.00 1950 - 2023 CAD Thousand Monthly
Current Prices, SA

News Stream
Canada Building Permits Unexpectedly Rise in June
The total value of building permits in Canada rose by 6.1% from a month earlier to $11.6 billion in June 2023, after an upwardly revised 12.6% growth in the previous month and against market forecasts of a 3.5% decline. The total monthly value of the non-residential segment surged by 20.4% to reach $4.7 billion, driven by increases in the industrial (+51.0%) and institutional (+67.2%) components, which more than offset losses in the commercial one (-7.7%). Meanwhile, residential permits slumped by 1.8% to $6.9 billion, mainly due to decreases in Ontario (-11.4% or -$358.1 million) following a period of strong multi-unit project volumes in May. On a quarterly basis, the total value of building permits fell by 1% to $32.2 billion in Q2.
2023-08-09
Canada Building Permits Rebound in May
The total monthly value of building permits in Canada increased by 10.5 percent to CAD 10.5 billion in May 2023, partially reversing a revised 21 percent decline in the previous month. The value of residential permits rose by 8.5 percent to CAD 6.8 billion, with authorizations in Ontario experiencing a 16.3 percent climb, primarily driven by multi-dwelling permits issued in urban areas. Furthermore, the value of non-residential permits increased by 14.2 percent to CAD 3.7 billion, as a 45.8 percent surge in commercial permits more than offset a 23.3 percent decrease in the institutional component. Comparing year-on-year figures, the value of building permits declined by 13.5 percent in May.
2023-07-10
Canada Building Permits Fall the Most Since December 2020
The total value of building permits in Canada shrank by 18.8% from a month earlier to $9.6 billion in April 2023, after an upwardly revised 12.3% growth in the previous month and well below market estimates of a 5% fall. This was the lowest level since December 2020, as the non-residential segment slumped by 34.6% to a $3.4 billion, following a record high of $5.2 billion in March, with declines in all components: industrial (-49.6%), commercial (-40.2%) and institutional (-1.6%). Also, construction intentions in the residential sector went down (-6.1% to $6.1 billion), due mainly to decreases in Ontario (-10.5% or -$296.4 million).
2023-06-06