Dec 13, 2025
Building permits rose 15% to $13.8B in October, well ahead of expectations for a 1% decline…
… driven by a $1.1B rise in residential construction intentions. A multi-family rebound in Ontario led the way, which has been a source of weakness for the majority of the year.
Non-residential permitting was strong too, with higher office permitting in Ontario and institutional activity in BC driving a $700M pickup versus September.
About Bullpen: Bullpen Finance Inc. publishes content on Canadian markets and provides paid research coverage of select Canadian issuers. Bullpen is paid in cash by covered issuers, does not accept stock or options, does not hold positions in covered securities, and does not conduct investment banking business. Bullpen and LodeRock Advisors Inc. are affiliated; LodeRock provides investor relations services to issuers, some of whom are covered by Bullpen Research. When a post discusses a covered issuer, a specific disclosure appears at the top of the post. This post is published for general information purposes. It is not personalized investment advice and is not tailored to any individual reader’s circumstances. Bullpen is not a registered investment adviser or dealer. For full disclosures, including analyst certification, jurisdictional statements, and conflict of interest policies, please see our Legal & Disclosures section on our website.
