Calgary Building Permits Boost in April

 

The economic value of building permits in the Calgary region leaped to $772.7 million in April, according to Statistics Canada.

The federal agency reported Wednesday that permits were up 40.6 per cent from March and increased by 12.9 per cent year-over-year.

The gains in Calgary were driven by higher construction intentions for commercial buildings, added the federal agency.

Across Canada, building permits worth $7 billion were issued in April, up 10.5 per cent from March. The advance in April was the fourth consecutive monthly increase. The recent upswing came after a downward trend in the total value of building permits that began in the fall of 2012, said Statistics Canada.

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