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Saskatchewan construction investment on the rise

Saskatchewan construction investment on the rise

REGINA – Building permits in Saskatchewan showed substantial growth over the last month.

Building permits in the province totalled $235 million in February 2024 (seasonally adjusted), a 96.2 per cent increase from January 2024 and the highest of all the province.

Year-over-year growth was also up compared to February 2023 with a 22.6 per cent increase.

“The rising value of building permits means real jobs and real opportunities for Saskatchewan businesses and workers. Investors are seeking out Saskatchewan because of our stable business environment, competitive incentives and personalized support that make doing business easy. By strengthening our economy, we are continuing to build our communities, while providing more opportunities to the people of Saskatchewan,” said Trade and Export Development Minister Jeremy Harrison in a statement.

Saskatchewan’s population also grew by more than 30,000 in 2023 to an all-time high of 1,225,493, a release said. The increase is the largest in a single year since 1914.

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