Canada March Building Permits MoM
Statistics Canada announced the Canada March Building Permits MoM on 2025-05-14. The reported figure stands at -4.1%, against a forecast of -1.2%, with the prior figure recorded as 2.90%.
Regarding the Canada March Building Permits MoM, Actual value > Forecast value = Positive for the Canadian dollar; As a leading indicator for the real estate industry, the increase or decrease in building permits indicates 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, used to measure the quantity of houses that will be built 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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