Statistics Canada reported on Wednesday that the value of building permits in the Calgary census metropolitan area edged up 0.1 per cent in 2017 to $5.4 billion.
“The institutional component registered the largest increase, posting a value of $1.1 billion, more than double the previous year’s value,” StatsCan said.
“The single-family component followed, up 23.1 per cent to $1.9 billion. The value of permits for multi-family dwellings posted the largest decline, falling 39.5 per cent from 2016,” said the federal agency.
In December, the Calgary region registered $449.9 million in building permits, a decline of 11 per cent from November but still up 73.3 per cent year-over-year.
The StatsCan report can be found here.
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.
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