REGINA — latest numbers from Statistics Canada show continued growth for the province's building permits, which had a 13.8 per cent increase for year-over-year growth for October 2024 compared to October 2023 (seasonally adjusted).
In October 2024, building permits in Saskatchewan totaled $239 million (seasonally adjusted). In Regina, the value increased by 54.7 per cent year-over-year from October 2023 to October 2024. The province's increase in building permits was driven by an uptick in residential building permits, which were up 53.1 per cent during this same period.
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 places Saskatchewan tied for second in the nation for real GDP growth, and above the national average of 1.2 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.
