Canada August building permits -1.2% vs +0.2% expected

  • Canadian building permits data for August 2025
Canada building permits
  • Prior was -0.1% (revised to -1.1%)
  • Permits down 5.9% y/y
  • Residential -2.4% m/m

The Canadian construction pipeline is going to slow dramatically in the year ahead as the Toronto condo boom turns into a bust. Prime Minister Mark Carney will release his first budget on November 4 and one of the main aims will be to spur nation-building projects, something the government hopes will counter slowing private sector construction.

Canada building permits chart
Canada building permits

Here's the splint on residential/non-residential:

residential

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