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,2024,2025,2026

Building Permits in Canada decreased to 11747650 CAD Thousand in November from 12487134 CAD Thousand in October of 2024. Building Permits in Canada averaged 3028316.31 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 12335033.00 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 12933797.00 CAD Thousand in 2026 and 13063135.00 CAD Thousand in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
Building Permits	11747650.00	12487134.00	CAD Thousand	Nov 2024
Building Permits MoM	-5.90	-4.10	percent	Nov 2024
Home Ownership Rate	69.30	66.80	percent	Dec 2021
New Housing Price Index MoM	-0.10	0.10	percent	Dec 2024
New Housing Price Index YoY	0.10	0.20	percent	Dec 2024
Housing Index	124.60	124.50	points	Nov 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.