CALGARY - The value of Alberta’s building permits dropped in June as non-residential construction slowed, Statistics Canada said Thursday.
Alberta’s building permits totalled $843 million in June, a 24 per cent decline from May.
The drop, which comes after three months of increases, was attributed to a nearly 40-per-cent decline in non-residential construction, which includes industrial, commerical and institutional permits. The value of residential permits rose 10 per cent in June.
In Calgary, the value of permits fell 33 per cent to $420 million in June.
Only Alberta and Saskatchewan posted declines among the provinces. Across Canada, the value of building permits rose to $5.2 billion in June, a one per cent increase from May.
Here are a few of my favorite past articles from my Lethbridge real estate and mortgage blog you might have missed or wish to recommend them to a friend.
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Is Your Mortgage Company Out of Business in 2009? - What to do when your bank goes broke
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Survivor - Real Estate Edition - Let's vote a few more off the island
Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta . He is also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the Lethbridge real estate industry since 1993 and offers full Lethbridge MLS real estate services to Lethbridge and surrounding area, as well as Lethbridge mortgage financing, mortgage refinancing , preapprovals, and Lethbridge loans financing to Lethbridge and Southern Alberta. He can be found online at this link: mortgage broker Lethbridge
Let me share my 15 years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.
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