CALGARY — The estimated value of building permits in the city dipped in October by 14 per cent from a year ago.
According to City of Calgary data, total building permits for the month had a value of $274.612 million, down from $317.749 million in October 2011.
Residential permits were down 12 per cent from a year ago to $184.859 million and non-residential permits fell by 16 per cent to $89.753 million.
Year-to-date, total building permits have increased by three per cent to $3.899 billion compared with the same period a year ago.
Year-to-date residential permits are up 17 per cent to $2.233 billion while non-residential permits have dropped by 11 per cent to $1.666 billion.
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