Released on July 6, 2012
Construction sites in Saskatchewan picked up the pace in May as building permits increased by 66.9 per cent between April and May 2012, the highest percentage increase in the nation according to a Statistics Canada report released today.
"There has been a strong increase in construction activity across the province," Economy Minister Bill Boyd said. "That's good news for our economy as it attracts well-paying skilled labour into our communities, and provides spin-off opportunities for local business."
Building permits in the province were up 87.5 per cent in May 2012 when compared with May 2011, the second highest growth rate in Canada. Building permits totalled $385.1 million, a record for the month of May.
"The housing market in the province remains very hot as new house construction continues at a steady pace," Boyd said. "Combine that with huge commercial and industrial projects and you've got a construction industry that has a very bright future in the province."
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For more information, contact:
Deb Young
Enterprise Saskatchewan
Regina
Phone: 306-787-6315
Email: deb.young@enterprisesask.ca