MoM Change in Canada's Building Permits
Canada| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The month-over-month change in the number of building permits issued is an indicator of how many new residential construction permits were filed in Canada compared to the previous month. This data, released monthly by Statistics Canada, is crucial for assessing the health of the housing market and the construction industry.
An increase in the number of building permits indicates a thriving housing market and growth in the construction sector, potentially contributing to overall economic growth. Conversely, a decrease in building permits suggests a stagnant housing market and a contracting construction industry.
This data helps policymakers monitor trends in the housing market and formulate appropriate monetary policies. For example, if the number of building permits decreases, the government may consider measures to stimulate residential construction. Additionally, this indicator is important for businesses and investors to gauge housing market trends and make informed economic forecasts and investment decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
