Canadian Real Estate Development Plans Fell Sharply

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 […]

Weak Canadian Home Sales Are Dragging Future Building Intentions 

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 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 […]

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 […]