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Indicator Digest

Building Permits
Building permits and mortgage approvals are forward looking indicators as they give an indication to future construction projects. In order to start construction on a home, a building permit must be issued, and this indicator captures the effect. The more homes that are being built and sold, the better that an economy is doing.

Main Indicator: Building Permits

Most Recent Release

March
4th, 2010
Actual Forecast Previous Revised Form
-4.9% 1.1% -2.7% 2.4%

Table of Past Data

5/66/47/78/69/810/612/71/112/43/4
Actual23.5%-5.4%14.8%1.0%-11.4%7.2%18.0%-4.6%2.4%-4.9%
Forecast2.6%-9.2%0.5%-1.1%0.5%4.5%1.1%-1.1%2.9%1.1%
Previous-15.9%24.4%-5.4%14.8%1.2%-10.0%3.2%20.0%-3.2%-2.7%
Revised FromN/A23.5%N/AN/A1.0%-11.4%1.6%18.0%-4.6%2.4%

Past Releases

February
4th, 2010
Actual Forecast Previous Revised Form
2.4% 2.9% -3.2% -4.6%

For December
Provided by: Statistics Canada
Official Release: News Release

From the Release: "Contractors took out $6.2 billion in building permits in December, up 2.4% from November and 32.6% higher than in December 2008. The increase in the value of permits in December was entirely due to the non-residential sector. Conversely, the upward trend in the total value of construction intentions in 2009 was largely due to the residential sector."

 

January
11th, 2010
Actual Forecast Previous Revised Form
-4.6% -1.1% 20.0% 18.0%

For November
Provided by: Statistics Canada
Official Release: News Release

From the Release: "Contractors took out $5.9 billion in building permits in November, down 4.6% from October, but 23.1% higher than November 2008 and 62.8% above February 2009, when the lowest value during the economic downturn was recorded. However, November's value remained below values recorded in 2007 and early 2008. The decline in November was due to decreases in the non-residential sector, which outweighed increases in the residential sector."

December
7th, 2009
Actual Forecast Previous Revised Form
18.0% 1.1% 3.2% 1.6%

For October
Provided by: Statistics Canada
Official Release: News Release

From the Release: "The value of building permits rose 18.0% in October to $6.1 billion. The increase was mainly a result of gains in the value of non-residential permits and in construction intentions for single-family dwellings.

In the residential sector, the value of permits was up for a third consecutive month. Residential construction intentions climbed 3.8% to $3.4 billion. Ontario and Quebec accounted for much of the growth seen at the national level. In the non-residential sector, municipalities issued permits worth $2.7 billion, up 42.4% following a 9.2% decline in September. All three components of non-residential construction permits increased in October."

October
6th, 2009
Actual Forecast Previous Revised Form
7.2% 4.5% -10.0% -11.4%

For August
Provided by: Statistics Canada
Official Release: News Release

From the Release: "The value of building permits totalled $5.0 billion in August, up 7.2% from July. The bulk of the increase in construction intentions was due to gains in Ontario and British Columbia. The end of the municipal employees strike in Toronto in July contributed to the increase. If Toronto is excluded, the total value of building permits rose by 0.8%. In August, municipalities issued $2.9 billion worth of building permits in the residential sector, an 11.2% increase, and $2.1 billion in the non-residential sector, a 2.2% advance."

September
8th, 2009
Actual Forecast Previous Revised Form
-11.4% 0.5% 1.2% 1.0%

For July
Provided by: Statistics Canada
Offiical Release: News Release

From the Release: "Contractors took out just over $4.6 billion worth of building permits in July, an 11.4% decrease from June. An important factor in the decline was a strike by civic workers in the city of Toronto, which shut down municipal offices for most of the month."

August
6th, 2009
Actual Forecast Previous Revised Form
1.0% -1.1% 14.8% N/A

For June
Provided by: Statistics Canada
Official Release: News Release

From the Release: "The value of building permits totalled $5.2 billion in June, up 1.0% from May. The increase was attributable to gains in both residential and non-residential construction intentions.

Since the beginning of 2009, the value of permits has fallen by 26.2% compared with the same period a year earlier. The institutional component of the non-residential sector was the only component that posted a gain compared with the first six months of 2008."

July
7th, 2009
Actual Forecast Previous Revised Form
14.8% 0.5% -5.4% N/A

For May
Provided by: Statistics Canada
Official Release: News Release

From the Release: "In May, the value of building permits surpassed the $5.0-billion mark for the first time since October 2008. Construction intentions were up 14.8% from April, as a result of gains in both residential components and two of the three non-residential components. Provincially, the main contributing factors were increases in multi-family dwelling permits in Ontario and institutional permits in Alberta and Ontario.

In the residential sector, the value of permits has increased for three consecutive months. Residential intentions rose 14.4% to $2.6 billion, with Ontario accounting for most of the increase at the national level. In the non-residential sector, the value of permits increased 15.3% to $2.4 billion following a 12.9% decrease in April. The gain was mainly a result of increases in the institutional component in Alberta and Ontario."

 

June
4th, 2009
Actual Forecast Previous Revised Form
-5.4% -9.2% 24.4% 23.5%

For April
Provided by: Statistics Canada
Official Release: News Release

From the Release: "Contractors took out $4.3 billion in building permits in April, down 5.4% from March. A 14.4% decline in non-residential permits in April more than offset a 4.1% increase in the value of residential permits. In the non-residential sector, the value of permits fell 14.4% to $2.0 billion. The decrease was largely a result of lower commercial construction intentions in Ontario and lower institutional construction intentions in British Columbia. In the residential sector, the value of permits rose 4.1% to $2.3 billion. This was attributable to increases in single-family permits in eight provinces."

May
6th, 2009
Actual Forecast Previous Revised Form
23.5% 2.6% -15.9% N/A
For March
Provided by: Statistics Canada
Previous Release: News Release