Canadian Building Permits Archives - Better Dwelling

Canadian Building Intentions Were The Weakest In At Least 5 Years

Daniel Wong — Tue, 04 Apr 2023 17:02:19 +0000

Canadian real estate development got a mild sentiment boost, but it’s not what it seems. Statistics Canada (Stat Can) data shows the value of building permits increased in February, which it called “robust.” When looked at as just a monthly plot, it’s easy to see how that call can be made. Zooming out for a […]

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Weak Canadian Home Sales Are Dragging Future Building Intentions

Daniel Wong — Thu, 02 Feb 2023 15:18:50 +0000

Canada’s real estate slowdown is still trickling into other data points, like future building. Statistics Canada (Stat Can) data shows the value of building permits fell in December. Weak home sales and higher rates are dragging builder intentions from record levels. However, the intentions remain historically high, especially compared to pre-pandemic volumes. Canadian Building Permits […]

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Canadian Building Intentions Remain Elevated, But Inflation Killed Growth

Daniel Wong — Mon, 09 Jan 2023 14:20:14 +0000

Canadian real estate developers are still pumping significant cash into building permits, but inflation is killing that growth.

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Canadian Building Permits Fall As Developers Plan 5% Fewer Units

Daniel Wong — Mon, 05 Dec 2022 16:47:44 +0000

The Great Canadian Real Estate Slowdown is set to continue into the future. Statistics Canada (Stat Can) data shows the value of building permits fell in October. The drop in permits shows less building activity is planned, especially for residential building. It sounds like bad news, but it might not be. Falling land and building […]

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Canadian Building Permit Values Fell As Housing Demand Softens From Peak

Daniel Wong — Tue, 10 May 2022 01:21:18 +0000

Canadian future building construction intentions tapered as interest rates climbed, shows permit data. Statistics Canada (Stat Can) data shows the value of building permits, a leading indicator, made a small dive in March. Future building plans remain elevated compared to pre-2020. However, residential plans slowed as expected after record building activity. Canadian Building Permit Values […]

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Canadian Building Intentions Surged Higher In February, Boosted By More Housing

Daniel Wong — Mon, 04 Apr 2022 17:07:26 +0000

Canadian building intentions surged higher as the economy became more dependent on construction. Statistics Canada (Stat Can) data shows building permits surged higher in February. The optimistic rise for the industry is still mostly for the construction of new housing. However, a big (but temporary) boost resulted from rising government spending as well. Canadian Building […]

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Canadian Building Permits Made Record Gains, But Most Were Due To Inflation

Daniel Wong — Thu, 03 Feb 2022 00:44:12 +0000

A leading indicator of future building is flashing big growth, but there’s a catch. Statistics Canada (Stat Can) data shows a huge climb for building permit values in 2021. Values climbed by over a quarter, one of the largest increases in history. Unfortunately, the national statistics agency attributes two-thirds of the growth in value to […]

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Canadian Real Estate Has Seen Home Building Intentions Rise 44% Above Normal

Daniel Wong — Wed, 05 Jan 2022 17:31:05 +0000

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 […]

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Canadian Permits To Build New Homes Fell Further Into Correction Territory

Daniel Wong — Wed, 01 Dec 2021 17:06:49 +0000

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 […]

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Canadian Home Building Intentions Are In A Correction After Peaking Earlier This Year

Daniel Wong — Tue, 02 Nov 2021 14:45:00 +0000

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 […]

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