Statistics Canada year-end report on construction sector

Canada'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.