Saskatchewan building permits increase 47.5 per cent

REGINA – Saskatchewan building permits have seen a 47.5 per cent increase in year-over-year growth for July 2024 compared to July 2023.

This July, building permits totalled $257 million (seasonally adjusted). The province also ranked second in month-over-month growth, with an increase of 49.2 per cent in July 2024 over June 2024, a release said.

“Our construction sector is growing and creating more jobs and opportunities for Saskatchewan’s strong and vibrant communities. This is the result of the strategic measures our government has taken to create a competitive business environment, which has made Saskatchewan one of the most attractive jurisdictions in the world for new investment,” said Trade and Export Development Minister Jeremy Harrison in a statement.

The release highlighted growth in Saskatoon, with building permits rising 103.3 per cent month-over-month and 131.4 per cent year-over-year in July 2024.

Non-residential building permits (seasonally adjusted) increased by 92.2 per cent in July 2024, compared to June 2024. Residential permits increased by 59.3 per cent from July 2023 to July 2024.

The total value of building permits represents the dollar value of construction permits for residential and non-residential buildings, the release added.