Calgary, Okotoks Real Estate: Value of building permits in Calgary region rises in December Up 6.1% from the previous month

CALGARY — The value of building permits in the Calgary region reached $393.5 million in December, up 6.1 per cent from the previous month but down 40.7 per cent from a year ago, according to Statistics Canada.

The federal agency also reported Thursday that Alberta saw permit value decline in December to $1.3 billion, down 12.8 per cent on a monthly basis and by 4.6 per cent year-over-year.

In the province, residential permits decreased by 10.1 per cent from the previous month to $668.3 million. However, that represented an annual hike of 2.4 per cent. Non-residential permits of $588.1 million were off 15.7 per cent on a monthly basis and down 11.6 per cent year-over-year.

Nationally, overall permit value was $5.7 billion. That was down 11.2 per cent from the previous month and down 16.2 per cent from December 2011.

Residential permits of $3.3 billion showed declines of 13.1 per cent monthly and 27.1 per cent annually. Non-residential permits of $2.5 billion were off 8.5 per cent from the previous month but up 4.7 per cent from a year ago.

mtoneguzzi@calgaryherald.com

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