Calgary Region Building Permits Continue to Grow

Contractors took out building permits worth $553.9 million in the Calgary region in March, up 7.1 per cent from February, reported by Statistics Canada.

 

The federal agency reported Monday that the construction value was also an increase of 21.3 per cent year-over-year.

Alberta saw permits of $1.7 billion for March, up 22.3 per cent on a monthly basis and an increase of 38.2 per cent from a year ago. The residential sector climbed to $821.8 million which represented a 15.9 per cent increase from February and a 16.2 per cent jump from March 2012. The non-residential sector was $856.7 million, up 29.1 per cent month-over-month and 69.0 per cent year-over-year.

 

At the national level, contractors took out building permits worth $6.5 billion in March, up 8.6 per cent from February and the third consecutive monthly advance. The March increase came mostly from the non-residential sector in Ontario and Alberta, said Statistics Canada.

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