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VisitCanada's April Building Permits Surge 20.5%, Exceeding Expectations, Previous -12.3%
Jun 11, 2024, 12:30 PM
Canada's building permits for April showed a significant increase, rising by 20.5% month-over-month. This figure greatly exceeded expectations, which were set at 2.2% according to some sources and 4.9% according to others, with a forecast of 5%. The previous month's figure was revised to -12.3%, with some reports indicating -11.7%. The actual increase in building permits highlights a strong recovery in the Canadian construction sector.
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Below 2% • 25%
Between 2% and 3% • 25%
Between 3% and 4% • 25%
Above 4% • 25%
500,000 - 600,000 • 25%
600,001 - 700,000 • 25%
700,001 - 800,000 • 25%
800,001 or more • 25%
Decrease • 33%
No change • 33%
Increase • 33%
Increase in GDP growth • 33%
Decrease in GDP growth • 33%
No significant change in GDP growth • 34%
Increasing trend • 33%
Decreasing trend • 33%
Stable • 34%
New homes growth higher • 33%
Existing homes growth higher • 33%
Growth roughly equal • 34%
Below 2023 levels • 50%
Above 2023 levels • 50%
Between 110 and 120 • 25%
Below 100 • 25%
Above 120 • 25%
Between 100 and 110 • 25%