Calgary region building permits rise from last year – $392.3 million in January

The value of building permits in the Calgary region neared $400 million in January, according to Statistics Canada.

The federal agency reported Thursday that permits in the Calgary census metropolitan area reached $392.3 million for the month, down 0.4 per cent from December but an increase of 29.4 per cent from January 2012.

In Alberta, total building permits of $1.2 billion were down 5.5 per cent on a monthly basis but up 24.3 per cent year over year.

The residential sector in the province saw building permits reach $713.8 million which was an increase of 6.7 per cent from the previous month and a hike of 20.4 per cent from last year.

The non-residential sector in the province saw building permits reach $458.1 million, down 19.7 per cent from December but up 30.9 per cent from January 2012.

Statistics Canada said municipalities across the country issued building permits worth $5.8 billion in January, up 1.7 per cent from December. But year-over-year it was down 4.3 per cent.

In the residential sector, the value of permits increased 17.6 per cent to $3.8 billion in January, following six consecutive months of decline. However, that sector was off 8.9 per cent compared with a year ago.

Construction intentions in the non-residential sector fell 19.2 per cent to $2 billion. Year-over-year, it increased by 5.9 per cent.

© Copyright (c) The Calgary Herald

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