REGINA – Building construction investment numbers from Statistics Canada indicate Saskatchewan saw a 21.2 per cent year-over-year increase in March 2024 over March 2023 (seasonally adjusted).
The numbers rank third in terms of percentage change among the provinces, a release said.
“It is clear that people and businesses are more confident investing in Saskatchewan than ever before. Our construction sector is seeing this growth because of the deliberate efforts we’ve made to create a creative business environment industry can rely on,” said Trade and Export Development Minister Jeremy Harrison in a statement.
“This unprecedented investment into the province is creating new jobs and opportunities in every corner of our province.”
In March 2024, investment in building construction totalled $392 million in Saskatchewan, the release said.
Investment in building construction is calculated based on the total spending value on building construction within the province.
A report released by Statistics Canada earlier this month indicated the value of building permits in Saskatchewan increased by 15.8 per cent year-over-year for March 2024 compared to March 2023 (seasonally adjusted), the release said.
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