Released on September 9, 2015
Building permits in Saskatchewan took a huge jump in July 2015, up 59.8 per cent over June (seasonally adjusted), the highest percentage increase among the provinces. On the national front, permits dropped 0.6 per cent over the same period.The total for building permits was $336 million, the highest ever for the month of July.
“The monthly increase is definitely good news for the Saskatchewan economy,” Economy Minister Bill Boyd said. “It shows we have a resilient and strong economy that is out performing what is happening in other provinces and nationally.”
On an annual basis, building permits increased 25.4 per cent over last July, ranking Saskatchewan second among the provinces when it comes to percentage increases. Nationally, building permits dropped 13.4 per cent year over year.
Seasonally adjusted non-residential permits increased by 131.6 per cent between June and July 2015.
“The rise in non-residential permits is very positive,” Boyd said. “It shows that larger construction projects are moving ahead, creating jobs and providing opportunities for local businesses.”
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For more information, contact:
Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca