Strong Building Permit Growth in Saskatchewan
The Value of Building Permits in Saskatchewan Increased by 38 per cent Year-Over-Year.
The value of Saskatchewan building permits reached $178 million in May 2022, a jump of 38.2 per cent (seasonally-adjusted) compared to May 2021 and an increase of 2.8 per cent (seasonally-adjusted) from April 2022.
In May 2022, residential building permits grew by 48.2 per cent compared to May 2021 and non-residential permits were up 26.2 per cent during this period.
Saskatchewan has also led the nation in a number of other key economic indicators in recent months. In April 2022, month-to-month retail trade grew by 1.4 per cent and year-over-year wholesale trade increased by 29.4 per cent, both of which were the highest increases among the provinces. In March 2022, year-o