REGINA — Statistics Canada data indicates a 26.2 per cent year-over-year increase in the value of building permits in Saskatchewan from November 2023 to November 2024 (seasonally adjusted), which ranks as the second highest percentage change among the provinces.
The province also saw a 15.3 per cent month-over-month increase in the value of building permits for November 2024 compared to October (seasonally adjusted), again placing Saskatchewan second in terms of percentage change among the provinces.
In November 2024, building permits in Saskatchewan totalled $273 million (seasonally adjusted).
The total value of building permits represents the dollar value of construction permits for residential and non-residential buildings.
Statistics Canada's latest GDP numbers indicate that Saskatchewan's 2023 real GDP reached an all-time high of $77.9 billion, increasing by $1.8 billion, or 2.3 per cent. This ties Saskatchewan for second in the nation for real GDP growth, and above the national average of 1.6 per cent.
Private capital investment is projected to reach $14.2 billion in 2024, an increase of 14.4 per cent over 2023. This is the highest anticipated percentage increase in Canada.
