Value of Canadian Building Permits Declines in November

On Tuesday, Statistics Canada (StatCan) reported that the total value of building permits issued in Canada fell 13.1% in November 2025 to CA$12.0 billion, a decline of $1.8 billion from October. Both the residential and nonresidential sectors contributed to the decrease.

On a constant dollar basis (2023=100), the total value of building permits declined 13.3% and was down 3.9% year-over-year.

Residential Construction

Residential construction intentions dropped 12.0%, or $1.0 billion, to $7.5 billion in November. The multifamily component declined $1.0 billion to $4.9 billion, while the single-family component edged down $3.8 million to $2.6 billion.

Across Canada, authorizations of new residential construction fell, with 20,500 multifamily dwellings and 4,100 single-family dwellings approved—an 11.4% decrease from October. From December 2024 to November 2025, the total number of multifamily dwellings authorized reached 259,300, up from 224,700 during the same period a year earlier.

Nonresidential Construction

The value of nonresidential building permits declined 14.9%, or $788.2 million, from October to $4.5 billion in November.

Commercial permits fell $422.6 million, industrial permits declined $46.7 million, and institutional permits decreased $318.9 million.