{"id":440081,"date":"2026-10-14T19:45:04","date_gmt":"2026-10-14T12:45:04","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-august-building-permits-rise-8-8-vs-2-0-expected-440081\/"},"modified":"2026-10-14T19:45:04","modified_gmt":"2026-10-14T12:45:04","slug":"canada-august-building-permits-rise-8-8-vs-2-0-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-august-building-permits-rise-8-8-vs-2-0-expected-440081\/","title":{"rendered":"Canada August building permits rise 8.8% vs 2.0% expected"},"content":{"rendered":"<div>\n<ul>\n<li>Building permits: +8.8% MoM vs +2.0% expected. Prior revised to -15.8% from -17.3%.<\/li>\n<li>Total permit value: $13.6 billion, up $1.1 billion.<\/li>\n<li>Residential permits: $8.5 billion, up $1.1 billion.<\/li>\n<li>Multi-unit permits: $5.8 billion, up $1.1 billion.<\/li>\n<li>Single-family permits: $2.6 billion, essentially unchanged.<\/li>\n<li>Non-residential permits: $5.1 billion, down $29.8 million.<\/li>\n<li>Inflation-adjusted permit value: +8.6% MoM and +12.4% YoY.<\/li>\n<li>Housing units authorized: 25,800, up 12.8% MoM.<\/li>\n<\/ul>\n<p>Canadian building permits rose 8.8% in August, well above the 2.0% increase expected, according to Statistics Canada. July\u2019s decline was also revised to 15.8% from 17.3%, adding to the stronger headline picture (but it was still down -15.8% of course).<\/p>\n<p>Residential construction intentions drove the rebound. Multi-unit permit values increased $1.1 billion, led by Ontario, British Columbia and Alberta, while single-family permits were essentially unchanged. Non-residential activity edged lower as a $380.0 million decline in commercial permits outweighed gains of $317.3 million in industrial permits and $32.9 million in institutional permits.<\/p>\n<p>Despite the monthly improvement, the longer-term housing pipeline remained softer. The number of dwellings authorized over the latest 12 months totaled 299,500, down from 305,500 in the preceding 12-month period.<\/p>\n<p>Quick analysis: A clear upside surprise, with the August rebound accompanied by an upward revision to July. That is encouraging for future construction activity, but the gains were concentrated in multi-unit housing and followed a sharp monthly decline. The report could support the Canadian dollar and pressure USDCAD lower, although building permits alone are unlikely to materially change the Bank of Canada\u2019s policy outlook.<\/p>\n<p>What this report measures: Building permits track the value of construction work authorized by Canadian municipalities. The monthly, seasonally adjusted figures offer an early indication of potential construction activity, investment and employment. A permit signals an intention to build; it does not guarantee that construction will begin immediately.The focus is on the US CPI and yields are sharply higher with the 2 year up 14 basis points at 4.935%. The 10 year is up 9.7 baiss points at 5.314%.\u00a0 The USDCAD has moved back above the 100\/200 hour MA at 1.4243. That is now a close barometer for buyers and sellers. The highs at 1.42918 to 1.42984 are the next key targets. A move above would take the price to the highest level since early April 2025.\u00a0<\/p>\n<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Building permits: +8.8% MoM vs +2.0% expected. Prior revised to -15.8% from -17.3%. Total permit value: $13.6 billion, up $1.1 billion. Residential permits: $8.5 billion, up $1.1 billion. Multi-unit permits: $5.8 billion,&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-440081","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=440081"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440081\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}