Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Canada October Building Permits Fall 6.5% on Residential Drop

Canadian building permits declined in October, as single-family projects declined for the sixth time in the last seven months, government figures showed.

The total value of permits issued by municipalities decreased 6.5 percent to C$6.16 billion ($6.13 billion), “comparable to levels prior to the economic downturn,” Statistics Canada said today in Ottawa. Economists predicted a 4 percent decrease based on the median of 13 responses to a Bloomberg News survey.

Canada’s economic growth slowed to a less-than-expected third-quarter annualized pace of 1 percent, in part because of slower housing activity, Statistics Canada said last week. The Bank of Canada says housing will be a drag on growth in 2011 after it helped lead the country out of a recession last year.

Residential permits decreased 11.2 percent to C$3.42 billion, Statistics Canada said. Single-family permits fell 9.4 percent to C$2.02 billion and multiple-unit structures dropped 13.6 percent to C$1.4 billion.

Permits for non-residential construction rose 0.1 percent to C$2.74 billion in October.

Commercial projects rose 8.8 percent to C$1.65 billion, the highest since May 2008. Institutional permits fell 20.4 percent to C$685 million, following a 23.7 percent increase in September.

By province, Ontario and Quebec led declines in both residential and non-residential projects, the report said.

The total value of building permits for October was 1.1 percent lower than the year-ago month, the report said.

Statistics Canada also revised its estimate for the September advance in building permits to 14.9 percent from the originally reported 15.3 percent rise.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.