Calgary Area Building Permits Soar in March

Building permit values for the Calgary region soared in March, topping $600 million on the strength of planned multi-family projects and institutional buildings, says Statistics Canada.

Permits in the Calgary census metro area reached $601.1 million, up 66.1 per cent from February and an increase of 34.9 per cent year-over-year.

Residential permits in the Calgary region rose 36.8 per cent from February to $349.1 million. Non-residential permits rose by 140.5 per cent to $252 million — an annual increase of 40.4 per cent. For Alberta, total permits of $1.3 billion were up 11.1 per cent month-over-month and 4.6 per cent year-over-year.

The province saw residential permits of $811.3 million for March which was down 10.7 per cent from the previous month but up 8.6 per cent year-over-year. Non-residential permits rose by 80.4 per cent from February to $515.2 million but were off by 1.1 per cent from a year ago.

Nationally, permits increased for the first time in three months by 11.6 per cent to $6.9 billion. That was also up 13 per cent from a year ago.

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