Building Permits Decline in February 2026 as Non-Residential Sector Weakens Despite Residential Uptick

Building Permits Decline in February 2026 as Non-Residential Sector Weakens Despite Residential Uptick

CANADA: The total value of building permits fell by 8.4% in February 2026 to $12.1 billion, mainly due to a sharp decline in non-residential construction. However, residential construction intentions increased slightly to $8.1 billion, supported by growth in multi-family housing, which offset a drop in single-family permits. Overall, the data indicates mixed trends in the construction sector, with residential activity showing resilience while commercial and industrial segments weakened during the month.

Source: Hardlines