Canadian policymakers are helicoptering money to stimulate building, but it doesn’t appear to be working. Statistics Canada (Stat Can) data shows the total value of building permits fell sharply in April, dropping to the lowest monthly volume in nearly a year. The annual decline was so large it was amongst the largest since 2020. Canadian […]
Canadians are getting used to spending more and getting less, even when it comes to building permits. Statistics Canada (Stat Can) data shows total building permits made monthly progress in September, nearing new highs in seasonally-adjusted nominal terms. Before getting too excited, this growth was almost exclusively driven by state stimulus which tends to have […]
Canadian policymakers are scrambling to make daily announcements of helicopter cash to stimulate building, but it may have the opposite effect. Statistics Canada (Stat Can) data shows building permit application values slightly increased in January. However most of the gain was lost to inflation, especially when it came to new housing—a segment that showed nearly […]
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 […]
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 […]
Canadian real estate developers are still pumping significant cash into building permits, but inflation is killing that growth.
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 […]
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 […]
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 […]
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 […]
