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Building Permits

Building permits are a leading indicator of economic activity, measuring the dollar value of construction permits for residential and non-residential buildings. Building permits are an important indicator for raw materials and employment demand, and have a significant effect on related industries such as construction, banking, real estate and manufacturing as the issuance of a building permit is one of the first steps in the construction process. Building permits can indicate positive or negative trends in the construction industry and overall economy.

Adapted from Statistics Canada, Table 34-10-0066-01 (Building permits, values by activity sector). This does not constitute an endorsement by Statistics Canada of this product.

Highlights

  • In December 2022, building permits in Saskatchewan increased by 22.8%, compared to December 2021 (seasonally unadjusted). Saskatchewan ranked third among the provinces in terms of percentage change. Nationally, building permits decreased by 13.6% (seasonally-unadjusted) in the same period.
  • In the twelve months of 2022 building permits increased by 21.9% compared to the same period in 2021. Saskatchewan ranked third among the provinces in terms of percentage chnage. Nationally, building permits increased by 6.8% (seasonally-unadjusted) in the same period. 

 

Adapted from Statistics Canada, Table 34-10-0066-01 (Building permits, values by activity sector). This does not constitute an endorsement by Statistics Canada of this product.

Adapted from Statistics Canada, Table 34-10-0066-01 (Building permits, values by activity sector). This does not constitute an endorsement by Statistics Canada of this product.

Released: February 02, 2023 Next Update: March 03, 2023

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