Name: Canada Value of Building Permits
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Canada,Building Permits,data,chart,actual,historical,values,calendar,forecast,graph,2023,2024,2025

Building Permits in Canada increased to 12968359 CAD Thousand in September from 11630204 CAD Thousand in August of 2024. Building Permits in Canada averaged 3007969.82 CAD Thousand from 1950 until 2024, reaching an all time high of 13197427.00 CAD Thousand in April of 2024 and a record low of 57056.00 CAD Thousand in November of 1951. source: Statistics Canada

Building Permits in Canada is expected to be 12345878.00 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 12560659.00 CAD Thousand in 2025 and 12686266.00 CAD Thousand in 2026, according to our econometric models.

Related	Last	Previous	Unit	Reference
Building Permits	12968359.00	11630204.00	CAD Thousand	Sep 2024
Building Permits MoM	11.50	-6.30	percent	Sep 2024
Home Ownership Rate	66.50	66.80	percent	Dec 2021
New Housing Price Index MoM	0.00	0.00	percent	Sep 2024
New Housing Price Index YoY	0.20	0.00	percent	Sep 2024
Housing Index	125.00	125.00	points	Sep 2024

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, labor, 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.