Canada May Building Permits MoM

Statistics Canada announced the Canada May Building Permits MoM on 2025-07-11. The reported figure stands at 12%, against a forecast of -0.8%, with the prior figure recorded as -6.60%.

Regarding the Canada May Building Permits MoM, If the published value is greater than the forecast value, it is positive for the Canadian dollar; as a leading indicator for the real estate industry, the increase or decrease in building permits predicts the future health of the real estate sector, which in turn affects the economy, Building permits refer to the number of permits that allow for the commencement of housing construction, which is used to measure the number of houses that will start construction in the future, serving as an indicator for the real estate industry.

This data holds an importance level of , calculated using The annualized number of new residential buildings started in the previous month, with month-on-month and year-on-year data released, and updates monthly.

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