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 […]
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 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 […]
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 […]
The Canadian real estate slowdown is getting started, as another leading indicator fades. Statistics Canada (Stat Can) data shows building permit values fell in August. Since permits are for future activity, a decline means less building is coming. All the declines were due to a drop in residential permits, which has fallen sharply from its […]
