Canada

Canadian Building Permit Values Fell As Housing Demand Softens From Peak

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 […]

Canada

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

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 […]

Canada

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

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 […]

Canada

Canadian Permits To Build New Homes Fell Further Into Correction Territory

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 […]

Canada

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

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 […]

Canada

Canadian Permits For Housing Hits A Record High, But Commercial Spirals Lower

Canadian real estate development is on fire, only when it comes to homebuilding. Statistics Canada (Stat Can) building permit data shows a record value hit in March. Virtually all gains were due to residential building permits though. Commercial permits fell significantly though, as the pandemic weighs on business investment. Canadian Building Permits Reached A Record […]