The 26-year-old says he wants to spend time with his family, make some new music and work on a new live show.
In September Chance announced he was moving the show from autumn to January 2020 because of the birth of his daughter.
He's now promised to come back "stronger and better" at some point in 2020.
The Big Tour was due to visit venues in Las Vegas, Miami and Los Angeles.
But in September Chance announced he was postponing the tour, writing that he regretted missing some important milestones after the birth of his first daughter.