Canada building permits fell -6.5% in September versus -2.0% estimate

Author: Greg Michalowski | Category: News

Bigger than expected decline in the building permits for the month of September in Canada

  • The Canada building permits fell by -6.5% in the month of September. That was much worse than the -2.0% estimates for the month. 
  • The prior month was revised to +5.6% from 6.1%
  • residential permits -10.7% in September with single family permits -8.7% and multiple permits -12.1%
  • nonresidential permits rose 0.9% with industrial permits -8.1%, commercial permits +6.1%, and institutional permits -5.0%
  • total number of dwellings -6.4% on the month
  • total value of building permits +2.1% year on year
  • Toronto permits points -13.8%
  • Vancouver permits rose +1.9%
  • Montréal permits tumbled -26%
The numbers for building permits can be quite volatile

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