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Big cities close in building permits

Building activity is down slightly from last year in the Stampede city, but up significantly in Alberta's capital, leaving Calgary and Edmonton almost neck and neck for building-permit values in the first half of 2010.

Building activity is down slightly from last year in the Stampede city, but up significantly in Alberta's capital, leaving Calgary and Edmonton almost neck and neck for building-permit values in the first half of 2010.

Edmonton building-permit values from January to June soared to $1.6 billion in the first half of 2010, up almost 74.6 per cent from the same period in 2009.

In contrast, Calgary permit values fell from $1.7 billion to $1.62 billion for the same period. Calgary normally leads the building race easily against its northern neighbour.


from Western Investor September 2010