Released on March 7, 2013
Saskatchewan’s construction industry is starting off 2013 at a busy pace according to new January building permit figures. A report by Statistics Canada released today shows a 66.7 per cent rise in permits in January 2013 over December 2012, the second-highest percentage increase among Canadian provinces. Nationally, building permits were up only 1.7 per cent.
“Construction is off to a strong start in 2013 and that goes hand-in-hand with our robust economy,” Economy Minister Bill Boyd said. “This is very good news as it creates jobs and prosperity all around the province.”
Residential construction was up by 50.2 per cent between December 2012 and January 2013. Non-residential construction was up by 115.7 per cent.
Saskatoon had an 85.6 per cent increase on a month-over-month basis, the third highest among major Canadian cities.
Annually, building permits in Saskatchewan rose by 6.6 per cent, well ahead of the 4.3 per cent decline on a national basis.
“The level of construction activity is important,” Boyd said. “It is a clear indication that Saskatchewan’s record growth and prosperity is continuing into 2013.”
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For more information, contact:
Deb Young
Economy
Regina
Phone: 306 -787-4765
Email: deb.young@gov.sk.ca