Take Stock – July 8

The value of building permits surpassed the $5-billion mark in May for the first time since last October. Statistics Canada reports construction intentions were up 14.8 per cent from April, due to gains in both residential components and two of the three non-residential components.

Building permits exceed $5 billion in May: Statscan

The value of building permits surpassed the $5-billion mark in May for the first time since last October. Statistics Canada reports construction intentions were up 14.8 per cent from April, due to gains in both residential components and two of the three non-residential components. The agency says the main contributing factors provincially were increases in multi-family dwelling permits in Ontario and institutional permits in Alberta and Ontario. The value of residential permits has increased for three straight months, up 14.4 per cent to $2.6 billion in May. The value of non-residential permits increased 15.3 per cent to $2.4 billion, mainly a result of increases in the institutional component in Alberta and Ontario.

Municipalities issued $1.1 billion worth of permits for multi-family dwellings in May, up 40.6 per cent from April. Single-family permits rose 1.4 per cent to $1.6 billion, the third straight monthly increase.

Municipalities approved 13,087 new dwellings in May, up 22.1 per cent. StatsCan attributes the increase mainly to a 40.5 per cent increase in multi-family units to 7,948. The number of single-family units approved rose 1.5 per cent to 5,139.


Bankruptcies edge down in May

There were 10,364 bankruptcies in May, down 9.6 per cent from April but up almost 31 per cent from the same month a year ago.

The Office of the Superintendent of Bankruptcies reports that 9,900 consumers and 464 businesses filed for bankruptcy during the month.

The consumer filings represent a 9.5 per cent drop from April and a 34.4 per cent increase over a year earlier.

Business bankruptcies were down 12.3 per cent from April and 16.2 per cent from a year ago.

Just Posted

NDP won’t stop until Trans Mountain is built, says minister

Deron Bilous speaks at Red Deer chamber luncheon

Red Deer officials will allow Calgary to trial alcohol in parks

The result could determine if local rules are relaxed

Red Deer city council could provide more clarity around closed-door meetings, says review

Confidential matters were found to be handled appropriately by city

Special lift improves Lacombe patients’ therapy

A new mobility lift is helping physical therapy patients at Lacombe Hospital… Continue reading

Red Deer group is pushing to create a local ‘international village’ to promote unity

A city made up of immigrants has no place for intolerance, say group members

Trudeau says politicians shouldn’t prey on Canadians’ fears

The Prime Minister was speaking at a townhall in Ontario

WestJet plane heading to Victoria slides off Edmonton runway, no injuries

EDMONTON — A WestJet plane has slid off an icy taxiway at… Continue reading

Sam Bennett scores twice, Flames beat Red Wings 6-4

Flames 6, Red Wings 4 CALGARY — Sam Bennett scored twice including… Continue reading

Rare ‘super blood wolf moon’ takes to the skies this Sunday

Celestial event happens only three times this century

Fashion Fridays: Inspirational gym outfits

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Company issues lifetime ban after man jumps from cruise ship

Nick Naydev posted the video last week showing him standing on the balcony of the Symphony of the Seas

Unruly passenger forces B.C.-bound flight to divert to Calgary

Police say charges are pending against a woman in her 40s

Inflation rises as higher airfares, veggie prices offset cheaper gas

Statistics Canada says inflation accelerated to two per cent in December

Canadian tattoo artist inks Toronto skyline on Blue Jays pitcher Stroman

Marcus Stroman found a way to show his appreciation for Toronto when… Continue reading

Most Read