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Building permits post increase

The first two months of the year produced a notable increase in building-permit activity in Alberta's capital. The City of Edmonton granted permits for just over $441.3 million in construction in January and February of 2012.

The first two months of the year produced a notable increase in building-permit activity in Alberta's capital.

The City of Edmonton granted permits for just over $441.3 million in construction in January and February of 2012. That's a healthy increase of about 29.2 per cent from 2011, according to city statistics.

Things were similar in Calgary, taking out one mega project at the airport that was approved in early 2011.

According to City of Calgary figures, the city issued permits worth $609 million for the first two months of 2012, including permits for 838 new residential units. That's an 88 per cent hike in new residential units over the same period last year.


from Western Investor May 2012