Free Trial

Building Permits at 2nd Highest Ever in Sept, Q3 Housing at Record

CANADA DATA
(MNI) OTTAWA
  • Building permits +17% to CAD9.4b in Sept, second only to Apr 2019's CAD9.6b, Statistics Canada says Thurs
  • "With COVID-19 cases rising in many regions in September, some municipalities reported that builders have begun to submit applications earlier as a precaution against potential shutdowns"
  • Non-residential +41% to CAD3.4b; housing +6.9% to CAD6b
  • Three-quarters of gain came in Ontario, which has seen a move to recent renewed Covid restrictions amid rising case count
  • Q3 permits +16.5%, fastest since Q4 2009, following four consecutive declines, as residential +16.8% to record CAD16.9b
  • Single-family home permits +8.9% to CAD2.8b, as people seek more space amid isolation rules. Multi-family +5.2% to CAD3.3b
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.