Canada: Dwelling permits at a 9-Month Low

In November 2018 the dwelling permits were slightly under 22.400 units in Canada. This is 23,1% over the annual average and the lowest since February 2018. Looking back to the last 10 years, we can find the highest value in May 2018, which is 50.309, and the lowest value in January 2009, which is 6.323 units. Compared to the year before, the value has increased by 31,6% and compared to October, the value has decreased by -30,7%. Based on this data the B+L forecast for the current year leads to a yearly growth rate of 4,5%.