Statistics Canada announced the Canada April Building Permits MoM on 2025-06-11. The reported figure stands at -6.6%, against a forecast of 2%, with the prior figure recorded as -4.10%.
Regarding the Canada April Building Permits MoM, Actual value > Forecast value = Bullish for the Canadian dollar; as a leading indicator for the real estate industry, the increase or decrease in building permits predicts the future health of the real estate sector, which in turn affects the economy, Building permits refer to the number of permits that allow 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 monthly and annual rate data published, and updates monthly. The next release is set for 2025-07-11 20:30:00.
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