CALGARY — The value of building permits in the Calgary region reached $393.5 million in December, up 6.1 per cent from the previous month but down 40.7 per cent from a year ago, according to Statistics Canada.

The federal agency also reported Thursday that Alberta saw permit value decline in December to $1.3 billion, down 12.8 per cent on a monthly basis and by 4.6 per cent year-over-year.

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