๐Ÿ‡จ๐Ÿ‡ฆ Canada

Bank of Canada policy rate and inflation, plus Statistics Canada construction, permits, new-home prices, and shelter CPI.

Overnight policy rate

2.25%
As of 2026-09-08

Total CPI (YoY)

3.00%
As of 2026-07-01

Urban housing starts

17,424
As of Jul 2026

Permit units (SA)

26,106
As of Jun 2026

Permit value

$8.11B
As of Jun 2026

NHPI (house + land)

120.5
As of Jul 2026

Rented accommodation YoY

2.40%
As of Jul 2026

Owned accommodation YoY

0.36%
As of Jul 2026

Monetary policy

Interest rate

Target for the overnight rate (policy rate), business daily ยท 2016-09-12 โ†’ 2026-09-12

Inflation

Total CPI year-over-year plus preferred core measures (CPI-trim, CPI-median, CPI-common). Dashed line is the 2% inflation-control target.

1. Construction pipeline

Starts, under construction and completions

CMHC urban centres of 50,000+ (Statistics Canada table 34-10-0151-01), Canada, total units, monthly. Starts and completions are on the left axis; units under construction (stock) on the right. StatCan currently publishes starts through Jul 2026, while under construction and completions in this table stop at Dec 2022.

Starts minus completions

If starts fall below completions, the future pipeline is shrinking. Values use months where both series are published.

2. Building permits

Residential permits: units vs value

Leading indicator, typically 3โ€“6 months ahead of starts. Canada, total residential, types of work total, seasonally adjusted. Current Statistics Canada table 34-10-0292-01 (replacement for archived 34-10-0066-01). Value is shown in thousands of dollars.

3. New homes and rents

New Housing Price Index

Selling prices of new houses, with house structure separated from land. Statistics Canada table 18-10-0205-01, Canada, monthly.

CPI shelter: rented vs owned accommodation

Year-over-year change in the monthly CPI (not seasonally adjusted). Statistics Canada table 18-10-0004-01, Canada. All-items and total shelter shown for context.

Sources: Bank of Canada Valet API ยท Statistics Canada WDS tables 34-10-0151-01, 34-10-0292-01, 18-10-0205-01, 18-10-0004-01.