Released on August 5, 2011
Confidence in the Saskatchewan economy continues to build the province's construction and related industries as Saskatchewan's building permits were up considerably between June 2010 and June 2011 (seasonally adjusted), according to Statistics Canada.
Building permits were up by 74.6 per cent in June 2011 over last June - the biggest increase of any province. Non-residential construction was up 86.4 per cent, while residential construction was up by 67.6 per cent.
"The construction industry continues to show confidence in the province's economic performance by responding to the strong demand for commercial and residential buildings across Saskatchewan," Enterprise Saskatchewan Minister Jeremy Harrison said. "We expect the demand to keep growing as many more people move to our province to live, work and do business, and new investors set up shop here."
"It's one more sign that Saskatchewan's economy is well-positioned to withstand the economic turmoil other parts of the world are now experiencing."
Nationally, building permits were down 0.5 per cent over the same period.
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For more information, contact:
Tim Tororey
Enterprise Saskatchewan
Regina
Phone: 306-798-9906
Email: tim.tororey@enterprisesask.ca