Total Alberta building permits hit $1.2 billion in April, down 4.5% from March but up 15.4% on an annual basis

Mario ToneguzziThe value of building permits in the Calgary census metropolitan area in April was $450.8 million.

In reporting the data on Wednesday, Statistics Canada said the value was down 15.4 per cent from the previous month but on an annual basis it rose by 31.7 per cent.

Across the province, total building permit value of $1.2 billion fell by 4.5 per cent from March but it increased by 15.4 per cent on an annual basis.

In Alberta, residential permit value was $722.8 million in April, which was off by 11.7 per cent on a monthly basis but up 6.5 per cent year over year. Non-residential permit value of $481.8 million was up 8.7 per cent month over month and by 31.8 per cent year over year.

Respected business writer Mario Toneguzzi is a veteran Calgary-based journalist who worked for 35 years for the Calgary Herald in various capacities, including 12 years as a senior business writer.

building permitsThe views, opinions and positions expressed by columnists and contributors are the author’s alone. They do not inherently or expressly reflect the views, opinions and/or positions of our publication.

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