August’s increase is mainly due to gains made in the residential sector. Residential permits were up a striking 14 per cent from July, to $1.0 billion. Alberta’s non-residential sector actually slipped ten per cent. Permits for the institutional and government component of the non-residential sector saw a 22 per cent drop in August.
Alberta was one of four provinces that saw the total value of permits increase in August. Nationally, the total value fell 27 per cent to $6.7 billion after three months of sizeable gains. Looking specifically at non-residential building permits, Canada’s total decreased 41 per cent to $2.5 billion in August.
It’s no surprise that the value of permits in Alberta continues to climb, especially in the residential sector. Alberta’s home builders are taking advantage of this province’s steady population increases which are being propelled by the arrival of more provincial migrants.