Election coming?

One of the best signs an election is coming is when the government turns on the spending tap. The graph below shows the value of building permits issued for government and institutional construction (institutional is mainly government – schools, hospitals, etc.) as a percentage of the total value of building permits issued. As you can see, the Tories underspent the national level between 2001 and 2003 and in 2006 the rate has skyrocketed to 25% of the value of total permits issued. Just to put that in perspective, the national level was 10%.

The reason I looked at this was the latest building permit data from Statistics Canada which actually showed a strong increase in building permits issued – but not residential. So, of course, when I looked a little deeper I saw our friends in Fredericton cranking up the spending.

What’ya bet they’ll be more of that between now and fall 2007?

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0 Responses to Election coming?

  1. Freddy Beach says:

    A lot of construction is going on at a municipal level at least in Fredericton proper. Two new firehalls, two arenas, pools as well as the convention centre have all started going up or will be shortly. A majority of the money is municipal (via debt) with I believe some contribution of federal and provincial (2 million each for the arenas, if I recall).
    http://fredericton.ca/ee2.asp?1032

    You may still be right about an upcoming election though. People don’t generally distinguish between levels of gov’t really well.