Canada Constructing permits for February 9.3% vs -4.5% estimate

  • Prior month 12.9% revised from 13.5 prior


  • Complete worth of constructing permits in Canada rose by 9.3% to $11.8 billion in February. The expectation was for a decline of -4.5%
  • Non-residential sector elevated by 12.3% to $4.7 billion, pushed by main development permits.
  • Residential sector noticed a 7.4% rise to $7.1 billion.
  • Ontario led the expansion with a 21.7% improve, reaching $5.0 billion, with beneficial properties throughout all parts.
  • On a continuing greenback foundation (2017=100), constructing permits have been up 8.5% in February, following an increase in January.

Particulars of non-residential permits:

  • Complete month-to-month worth of non-residential constructing permits in Canada rose by 12.3% to $4.7 billion in February.
  • Industrial part noticed the biggest improve, up 57.8% to $1.3 billion, pushed by massive initiatives:
    • New battery plant in Windsor, Ontario.
    • New dairy processing facility in Abbotsford, British Columbia.
    • New pea processing plant in Yorkton, Saskatchewan.
    • Enlargement of an aluminum smelting facility in Saguenay, Quebec.
  • Institutional part of the non-residential sector additionally grew, growing 18.2% to $1.3 billion.

Particulars of Residential permits:

  • Complete month-to-month worth of residential constructing permits in Canada rose 7.4% to $7.1 billion in February.
  • Ontario noticed the biggest improve, up 14.2% to $2.8 billion, contributing considerably to each single-family and multi-family dwelling permits.
  • Development in residential development intentions was nearly evenly break up:
    • Single-dwelling permits elevated by 9.6%, including $248.2 million.
    • Multi-dwelling permits grew by 6.0%, including $239.3 million.
  • Different vital contributors to residential sector progress included:
    • British Columbia: up 5.9%, including $76.4 million.
    • Quebec: up 3.9%, including $44.2 million.
    • Alberta: up 3.9%, including $41.7 million.
  • February noticed the authorization of 16,400 new dwellings in multi-unit buildings and 4,600 new single-family dwellings throughout Canada.
  • From March 2023 to February 2024, a complete of 253,400 new models have been licensed.

This text was written by Greg Michalowski at