Troy Media
Alberta building permits lower in June
Construction activity in Alberta is not only a major driver of the province’s economy, it is also a great barometer of overall economic sentiment.
After a good run of building intentions over the first half of the year, the value of permits issued in both of Alberta’s two largest cities dipped in June. Calgary saw its building permits drop to $393 million in the last month of the second quarter, down by 24 per cent from a strong month in May. Similarly the value of permits in Edmonton tumbled by 23 per cent month-over-month to $368 million. These values count both residential and non-residential construction permits.
However, on the longer term trend, construction intentions in both cities are holding up well. Comparing the first half of 2012 with the same period a year ago, Calgary building permits are up 6.5 per cent. Edmonton is even stronger with permits higher by 8.8 per cent.
Province-wide, permits were down month-over-month for both residential (-15.4 per cent) and non-residential (-33.7 per cent). But the strong economy this year has kept overall building permits higher than they were at this point last year.
The two largest cities account for nearly three-quarters of the $1.048 billion of building permits issued in June. While investment in the oil sands has driven significant activity in northern Alberta, the bulk of that work is captured in a different survey on engineering activity, not building permits (unless it is a building being constructed at an oil sands site).
| ATB Financial
Building permit applications for the month of September are up 68 per cent compared to September of 2010. In September of 2011 building permit applications amounted to $387 million, a ...
Read More
There's been a huge jump in the estimated value of building permit applications in the month of August compared to August 2010 in the city of Calgary.
In August of 2011, ...
Read More
Troy Media - ATB Financial
Construction is one of those sectors that really responds to moves in the overall economy. So with the Alberta economy entering a slightly more uncertain period, ...
Read More
Troy Media - ATB Financial
Construction is one of those sectors that really responds to moves in the overall economy. So with the Alberta economy entering a slightly more uncertain period, ...
Read More
Third-highest year for building permits in 2011
Values for building permits for 2011 in the city of Calgary are up 56 per cent over 2010. The amount for the year ending ...
Read More
Activity in construction sector is slowing, but not stopping
Troy Media - by ATB Financial
The foot appears to be coming off of the pedal somewhat in Canada’s hot construction ...
Read More
There's good news if you work in the construction industry in Calgary. City Hall released the numbers for permit applications on Friday and the value of building permit applications for ...
Read More
Global economy softening, having impact on Canada and West
Troy Media - by ATB Financial
Canada’s east-west economic gap was apparent in yesterday morning’s employment report. The Alberta ...
Read More
Strong growth in building permits over this time
Construction permits way up over this time in
Alberta’s construction sector feeling good . . .
Alberta’s construction sector feeling good . . .
Big jump in building permit values in Calgary
Canada’s “red-hot” contruction sector cools
Construction permit applications way up over last year
Alberta economy snapshot for June 9, 2012
Tags: alberta construction, Alberta economy
Category: Business
