Building permits in Canada, December, 2019
The data series span the period from 2018 to Q4 2019.
During that time, the average value for Canada was
8076 building permits with a minumum of 4736 building permits
in December 2018 and a maximum of 10958 building permits in May 2018.
The latest number is 5998, a change of -21.51% from the previous data point of
7642 building permits and a change of 26.65% from a year ago when the level was
4736 building permits.
The number of building permits is considered a leading macroeconomic indicator as it typically grows a few months ahead of an economic expansion and declines a few months before an economic slowdown.
See more information about that indicator on our Building permits page
* indicates monthly or quarterly data series
Measure: building permits
Source: Statistics Canada
Definition: Building permits are authorizations granted by a government or another regulatory body before the construction of a new building can legally occur.