Edmonton Region Non-Residential Permit Value measures non-residential sector growth in the Edmonton Census Metropolitan Area (CMA) by calculating the dollar value of non-residential building permits issued in the region. The non-residential sector includes industrial, commercial and institutional sectors. This is a leading measure because building permits need to be applied for before actual construction can commence. The measure assumes that actual construction occurs. As this is a regional measure and impacted by the economy, Edmonton Region Non-Residential Permit Value is considered an indicator.
This measure is an indicator of the City’s success at encouraging non-residential growth in both the city and the region through successful partnerships with Alberta’s Industrial Heartland Association, the Capital Region Board and the Greater Edmonton Economic Development Team. Growth in non-residential investment:
- generates new jobs,
- spurs the growth of smaller value-chain businesses,
- increases the demand for office space and
- increases sector diversity through renewed growth in sectors such as health care, education and hospitality
Edmonton Region Non-residential Permit Value ($ in Billions)
Data source: Statistics Canada CANSIM Table 026-0006.
City of Edmonton Non-residential Permits Value
Data source: Statistics Canada - Building Permits, Publication 64-001-XWF.
Edmonton Region Non-residentialPermits Value ($ in Millions)
Data source: Statistics Canada - Table 026-0006 Building permits, by type of structure and area, seasonally adjusted, monthly (dollars x 1,000).
Explanation of Performance
According to Statistics Canada, the non-residential permit value for
the Edmonton CMA decreased from $2.34 billion (2016) to $1.86 billion
(2017). There was a decrease in permit value within the commercial
and industrial sectors and a upward trend in the institutional sector
for the region and the city of Edmonton. In recent years, permit value
was higher than previous years in the region. Construction of the Ice
District, the Royal Alberta Museum, college expansions, the premium
outlet mall and the new Valley Line LRT were all major contributors to
the non-residential permit value. Many of these projects are close to
completion, if not already complete.
Additional Useful Information
A breakdown of the dollar value of non-residential building
permits issued in the city of Edmonton is provided for industrial,
commercial and institutional sectors. The dollar value of
non-residential building permits issued in the Edmonton CMA
is also provided for industrial, commercial and institutional
sectors. Separating the data at the CMA and city-level offers
a richer understanding of the non-residential investment
being attracted to the region and the success of the city at
competing for non-residential investment. In 2017, industrial
and commercial building permits decreased, while institutional
building permits increased in Edmonton and Edmonton CMA.