Released on October 8, 2010
Saskatchewan home builders picked up the pace in urban housing starts in September according to a report released by CMHC today.
Urban housing starts in the province are up 38 per cent in September 2010 to 385 units compared to 278 units last year. Saskatchewan ranked second among the provinces. In the first nine months of 2010, housing starts were up 68 per cent when compared with the same period in 2009, the third highest percentage increase in the nation.
"Our strong economy has played a significant factor in the demand for new housing," Enterprise Minister and Minister responsible for Trade Jeremy Harrison said. "The rising population, stronger commodity prices and positive labour market conditions are all contributing to a robust construction industry."
New home building in the Regina area increased by 68 per cent in September of this year over September 2009. Saskatoon had an increase of 45 per cent over the same period.
In the first nine months of 2010, housing starts were up 39 per cent in Regina and 125 per cent in Saskatoon when compared to the first nine months of 2009.
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For more information, contact:
Joanne Johnson
Enterprise Saskatchewan
Regina
Phone: 306-798-0503
Email: joanne.johnson@enterprisesask.ca