Building Permits down sharply

It would seem that if you want endless, day in/day out stories about Cath Labs, you should read the Times & Transcript on a daily basis. If you want any economic data or important statistics, you better look elsewhere.

The latest Statistics Canada figures for building permits came out this week. They track the value of building permits on a monthly basis. This data is a good indicator of the state of the economy as when the economy is good, people are building new houses.

From January 2004 to January 2005, the total value of residential building permits in New Brunswick dropped 30.5% while increasing across Canada (see chart below).

More disturbing, however; is that our per capita building permits issued are still only about half of the national average – a trend that has persisted for the better part of the last few years.

But you got your daily Cath Lab fix.

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