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Amount and Value of Building Activities

 

“The number and value of building permits” are indicators of economic growth and prosperity.  Increased investment and construction activity are influenced by our success in creating a business environment with competitive taxes, quality infrastructure, and policies encouraging growth. 

The number and value of building permits are indicators of economic growth and prosperity.  They are often used in understanding trends in the local business cycle and can assist in predicting future real estate supply levels.  Investment and construction activity are influenced by a business environment with competitive taxes, quality infrastructure, and policies encouraging growth.  

How are we doing?

In 2016, the City issued 3,950 building permits. The annual construction value for these permits was $727.6 million.  

Data Table
Building Permits
  2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Value of Permits in Millions ($) 275 323 549 605 537 666 937 1082 1089 878 1020 727
Number of Permits 2444 2709 3672 3516 3550 4100 4651 5196 5020 4996 4327 3950


How are other cities doing?

Between 2011 and 2016, Saskatoon’s $3,635 per capita average annual construction was below Edmonton and Calgary, although higher than in Regina and Winnipeg. 

 

2011-2016 Average Construction Value per Person

Calgary   
Edmonton   
Regina   
Winnipeg   
Saskatoon   
$4,365 $4,361 $3,077 $2,011 $3,635

 

What are the risks?
  • The number and value of building permits are influenced by local economic factors, world commodity prices, population growth, and changes in interest rates.

 

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