Canadian building permits rebound in August, increasing by 8.8% month-on-month

⑴ In August 2026, Canada's building permits grew by 8.8% month-on-month to 13.6 billion CAD, rebounding from July's revised 15.8% decline and surpassing the market expectation of a 2.6% increase. ⑵ The recovery was mainly driven by the residential sector, with permit value rising by 1.1 billion CAD to 8.5 billion CAD. ⑶ The growth was led by the multi-family residential segment, which increased by 1.1 billion CAD to 5.8 billion CAD, while the single-family residential segment saw a slight decrease of 700 thousand CAD to 2.6 billion CAD. ⑷ Meanwhile, the value of non-residential building permits decreased by 29.8 million CAD to 5.1 billion CAD. ⑸ The commercial segment fell by 380 million CAD to 2.2 billion CAD, but this was largely offset by a 317.3 million CAD increase in the industrial segment to 1.1 billion CAD and a 32.9 million CAD increase in the institutional segment to 1.8 billion CAD. ⑹ Overall, building permits rose 12.4% year-on-year.