Found 3 blog entries tagged as building permits.

Canadian real estate has outgrown productive investment, and it’s not slowing down. Statistics Canada (Stat Can) data shows building permits, considered a leading indicator for future building intentions, climbed in November. The growth is entirely attributed to home building, now running 50% above pre-2020. More housing is nice, but Canada is already sinking more investment into housing than businesses. The acceleration of this trend shows it’s not even considering a slow down.

Canadian Building Intentions Have Increased 7%

The total of building permits made a sharp increase in the latest data. Building permits reached $11.2 billion in November, up 6.8% seasonally adjusted from a month before. In current dollars, this is a new record high and…

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Canada is planning a lot of new construction activity, but it’s not housing they’re looking to build. Statistics Canada (Stat Can) data shows the building permit values soared in October. The increase in permits, a leading indicator of future building activity, was due to non-residential building. Residential building actually weighed down the aggregate, falling further into its correction. A drop in permits for new homes in BC and Ontario is entirely behind the decline.

Canadian Building Permits Surged Higher To $10 Billion

Canadian building permits showed a sharp increase and generally remain elevated. The seasonally adjusted value of permits reached $10.3 billion in October, up 1.3% from the previous month. When adjusted for inflation, growth…

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Canadian home sales are falling, and that’s turning into a drag for home building intentions. Statistics Canada (Stat Can) data shows September permit values made a monthly increase. Despite the bump, values are still generally trending lower. Soft housing demand has residential permit values currently in a correction.

Canadian Building Construction Investment Is Trending Lower

Construction intentions bumped higher from a month before but didn’t break the trend. Building permit values reached a seasonally adjusted $10.1 billion in September. This is 4.3% higher than a month before and 4.9% higher than last year. Leaving it there, things would sound pretty good. However, there is a lot to unpack with this number.

Canadian Building Permit…

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