Alberta commercial building permits fall in July

The total value of building permits in Canada decreased 3.9 per cent to $9.9 billion in July, reported Statistics Canada on Thursday.

The federal agency said all provinces except British Columbia and Newfoundland and Labrador posted lower values, with the majority of the national decline reported in Alberta (-23.4 per cent). Building permits fell 3.1 per cent in the residential sector and 5.6 per cent in the non-residential sector, it said.

Non-residential permit values declined 5.6 per cent to $2.9 billion in July, despite Ontario’s strong growth of 17.3 per cent. Seven provinces were down, with Alberta reporting the largest decrease (-46.9 per cent).

“Alberta’s commercial permits fell 45.5 per cent in July, following a notable increase in June (+56.6 per cent). The decline in Alberta and in six other provinces pulled the value of commercial permits at the national level down 6.9 per cent to $1.6 billion,” explained StatsCan.

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