Canada February building permits +2.1% vs -1.4% expected

Canadian building permits data for February

Canada February building permits
  • Prior was +8.2% (revised to +6.9%)
  • Non-residential +14.2%
  • Residential -2.9%

The revision takes a bit of the shine off the strong number but in any case, the Canadian housing market is red hot. This report was boosted by some one-off projects in Ontario and Alberta. On the non-residential side, permits were down after a record in January.

This is a good summer to be a construction worker.

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