Canada’s slowing economy may be shaking the confidence of builders. Statistics Canada (StatCan) data shows building permit values fell in April. A drop in multi-family permits fueled nearly the entire plunge for residential, with non-residential also slipping. Falling permits signal a slowdown in the sector ahead, providing another data point highlighting Canada’s slowdown. Canadian Building […]
Canadian builder intentions are slipping even as policymakers throw tens of billions in stimulus at construction. Statistics Canada (StatCan) data shows building permit values fell sharply in February, with only residential intentions posting a modest gain that still translated into fewer homes planned. Meanwhile, non-residential permits fell abruptly, pointing to weaker investment appetite beyond the […]
Canadian headline building intentions are still coming in strong, but details are less flattering. Statistics Canada (StatCan) data show building permit values climbed in January, but remain weaker than pre-2023 levels once inflation-adjusted. A non-residential surge was behind most of the improvement, but it was taxpayer-funded, cementing Canada’s dependence on borrowed growth. Canadian Building Permits […]
Canadian real estate investment is suddenly booming again—but it’s not what it looks like. Statistics Canada (StatCan) data shows investment in building construction hit a record high in November, driven almost entirely by residential projects. Look closer, and the surge narrows fast—growth is concentrated in Ontario multi-family construction. These aren’t condos, but they’re largely corporate […]
Canadian real estate developers are pulling back, even as policymakers flood the system with incentives. Statistics Canada (Stat Can) data shows residential building permit values plunged in August, and the drop was even larger after adjusting for inflation. Canadian homebuilders are sending a clear warning signal: the risk is rising even faster than the astronomical […]
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 […]
