REGINA – Saskatchewan is among the top provinces in Canada for urban housing starts based on December 2023’s numbers, up 86.4 per cent from December 2022.
The housing start numbers place Saskatchewan second among the provinces and in the 12months of 2023, urban housing starts in Saskatchewan increased by 11.5 per cent, compared to the same period in 2022.
“It’s encouraging to see the new year start off with more good news about Saskatchewan’s economy. Today’s numbers for housing starts show that people are continuing to build their futures in this province, keeping our communities and economy strong and prosperous for everyone. The numbers also show that our construction industry is responding to the massive population growth in the province with significant new construction to house that new population,” said Trade and Export Development Minister Jeremy Harrison in a statement.
A Government of Saskatchewan release added that according to Statistics Canada, building permits were up 83.9 per cent in November 2023 over November 2022 (seasonally adjusted), the highest increase in Canada.
Housing starts represent the number of new housing builds where construction has begun, calculated by the Canada Mortgage and Housing Corporation.
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