indicatorThe Owl

Building permits rose to start the year

The value of building permits issued in Alberta rose by 2.1% in January

By Rob Roach, ATB Economics 7 March 2022 less than a minute

After contracting by 9.0% in December, the seasonally adjusted value of building permits* issued by Alberta municipalities in January ticked up by 2.1%.

The increase was due entirely to a jump in the value of commercial sector building permits (+73.3%) as residential (-11.8%), industrial (-25.9%) and institutional/governmental (-17.2%) permit values fell.

The monthly value of permits was up by 4.4% in Calgary with both industrial permits (+31.2%) and commercial permits (+134.1%) higher.

Overall permit value in Edmonton was flat with modest increases in residential permits (+2.4%) and commercial projects (+8.0%).

Nationally, monthly permit value was down by 8.8% in January.

*Statistics Canada’s Building Permits Survey covers all Canadian municipalities that issue permits.

Answer to the previous trivia question: With more than 13,800 kilometers of active pipe, Enbridge’s Mainline pipeline network has the capacity to transport 2.85 million barrels a day of light and heavy crude oil from Edmonton, Alberta to the U.S. Midwest and Ontario.

Today’s trivia question: Approximately how many single-detached homes are there in Canada?

The value of building permits issued in Alberta increased in January

The value of building permits issued in Alberta increased by $25 million in January


Economics News

Subscribe and get a quick daily snapshot of what’s happening in Alberta’s economy

Need help?

Our Client Care team will be happy to assist.

Chat now
ATB Virtual Assistant
The ATB Virtual Assistant doesn't support landscape mode. Please tilt your device vertically to portrait mode.