Canada September Building Permits MoM: Positive Signal for the Canadian Dollar

Statistics Canada released the September building permits month-on-month data on October 14, 2025. The reported figure was -1.2%, marking a decline compared to the forecast, with the previous reading also at -1.2%.Building permits refer to the number of authorized housing starts, serving as an indicator of upcoming construction activity. This data provides important forward-looking insight into the real estate sector. A figure exceeding expectations is generally considered bullish for the Canadian dollar. As a leading indicator for the property market, fluctuations in building permits can signal the future health of the real estate sector and impact the broader economy.This data has a medium level of market significance (importance rating: 2). The methodology is based on the annualized number of new residential units from the prior month, and it is released monthly. The next release is scheduled for November 2025.

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