Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Canada
ODCNPI03CAA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,469,234,250.00
Year-over-Year Change
106.18%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic indicator tracks the number of construction permits issued for dwellings and residential buildings in Canada. It serves as a leading indicator of future construction activity and investment.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Canada metric provides insight into the pipeline of upcoming residential construction projects. It is closely monitored by economists and policymakers as an early signal of housing market conditions and broader economic trends.
Methodology
The data is collected by Statistics Canada through surveys of local permit-issuing authorities.
Historical Context
Permit issuance data informs housing policy, mortgage lending, and investment decisions.
Key Facts
- Permits are a leading indicator of future construction activity.
- Residential permits account for the majority of total construction permits in Canada.
- Permit data is released monthly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of construction permits issued for new dwellings and residential buildings in Canada.
Q: Why is this trend relevant for users or analysts?
A: Residential construction permit data is closely watched as an early signal of housing market conditions and broader economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local permit-issuing authorities by Statistics Canada.
Q: How is this trend used in economic policy?
A: Permit issuance data informs housing and mortgage policy, as well as private investment decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by Statistics Canada with minimal delays.
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Canada (ODCNPI03CAA156N), retrieved from FRED.