No, like most pop up canopies, it is only water resistant and not waterproof. We do carry a manufacturer that makes waterproof canopies found here: Vitabri Canopies.
From Page: Caravan Displayshade 10 X 10 Canopy with Professional Top
Manufacturer's Product Number: 61009
Our SKU: CAR-61009
Page ID: cadi10x10wip