(Source: The Edmonton Journal)

The value of building permits issued in Edmonton during July rose 23 per cent, Statistics Canada said Tuesday.

It was the highlight of a month that saw the value of permits taken out by contractors provincewide fall 10.9 per cent to $753.5 million compared to June.

In Edmonton, $284.3 million of construction permits were issued, up from $231 million in June, seasonally adjusted statistics show.

By comparison, Calgary’s value of permits dropped nearly 38 per cent to $264.5 million in July from $424.1 million in June.

“The value of building permits issued is a good gauge of how construction activity will fare in the months ahead,” said ATB senior economist Todd Hirsch.

Read Bill Mah’s full article “Value of Edmonton’s building permits on the rise” in the Edmonton Journal (September 8, 2009).

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