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Manitoba sees construction rebound in February

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Manitoba’s construction industry rebounded from a slow start to the year with a 25 per cent jump in building permit activity in February, new Statistics Canada figures show.

The agency said today that Manitoba municipalities issued $203.1-million worth of permits during the month. That more than made up for an 11 per cent dropoff in activity in January, when only $162.4 million worth of new permits were issued.

The biggest gain was on the non-residential side of the market, where the value of permits issued soared by 53.7 per cent to $75.6 million from $49.2 million in January.

The value of residential permits rose by a more modest 12.5 per cent to $127.4 million from $113.3 million.

Statistics Canada said Manitoba was one of only four provinces to see an increase in permit activity in February. It’s percentage gain was the highest among the four.

Canada saw its permit values increase by 1.7 per cent to $6.0 billion from just under $5.9 billion in January.

"Higher construction intentions in the non-residential sector in eight provinces, led by Alberta, more than offset a decline in the residential sector," Statistics Canada said.

murray.mcneill@freepress.mb.ca

 

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