The value of building permits issued in the province in April fell by 16% compared to the same month in 2010 according to information released on Monday by Statistics Canada.
Permits in April 2010 were valued at $94 million and $79 million in April 2011. permit values in February 2011 were more than $85 million and $61 million in March 2011.
Building permits in St. John’s were up for the second straight month. However, April permits were down 8.6% compared to April 2010.
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The value of all building permits issued in Newfoundland and Labrador in November 2010 dropped 49.3% from the month before, according to figures from Statistics Canada released last week.
The value of non-residential permits dropped 74.5% in the same period while residential permit value increased 4.3%
Those were the largest drops of any Canadian province.
In St. John’s, the value of permits dropped 60% from $149.8 million in October to $59 million in November. Permits in September for St. John’s were valued at $54.5 million.
You can get a better perspective on these figures by comparing them with a post from last December.