December building permits drop 43% from last year

December building permits drop 43% from last year

Monday, February 7, 2011

By Mario Toneguzzi, Calgary Herald

 http://www.calgaryherald.com/mobile/4235861.bin?size=mobile290

Building permits in the Calgary census metropolitan area increased on a monthly basis in December but were well off the pace set a year ago.


CALGARY - Building permits in the Calgary census metropolitan area in December plunged in value compared with a year ago but were up significantly from the previous month.

Statistics Canada reported Monday that building permit value in the Calgary CMA was $309.4 million for the month, an increase of 37.6 per cent from November but down 43.2 per cent from December 2009.

In Alberta, total building permit value was $879.6 million in December, an increase of 0.2 per cent from the previous month but down 28.2 per cent from a year ago.

Nationally, the value of building permits increased 2.4 per cent to $5.7 billion in December, following two consecutive months of declines, said Statistics Canada. It was down 5.0 per cent from December 2009.

In the residential sector, the value of permits rose 21.2 per cent to $3.8 billion in December, following two consecutive monthly decreases and the value of non-residential permits fell 22.0 per cent to $1.9 billion in December, its lowest level since January 2010.

In Alberta, the residential sector was up 7.1 per cent from the previous month to $471.2 million. However, that was down 20.6 per cent compared with December 2009.

The non-residential sector in the province was down 6.8 per cent from November and 35.4 per cent from December 2009 to $408.4 million.

mtoneguzzi@calgaryherald.com

© Copyright (c) The Calgary Herald


Ivan Abelar

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