September Building Permits Surge in Canada

Canadian building permits in September were up 11.5% from August and 11.7% from the comparable month in 2023 to $13.0 billion (CAD). Residential authorizations increased 7.5% from August and 2.8% from September 2023 to $7.7 billion. Single-family totals were $2.8 billion, climbing 1.3% from last month and 0.9% from September 2023. Multi-family levels reached $5.0 billion in September, growing 11.3% from August and 3.9% from the same month last year. Non-residential permits soared 18.0% from the prior month and 28.1% from September 2023 to $5.2 billion. See Statistics Canada

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