Saskatoon building permits rose 52.1 per cent between January 2010 and January 2011, spiking to $61.5 million from $40.4 million a year earlier, according to Statistics Canada.
However, between December 2010 and the first month of 2011, the value of building permits dropped by 41.6 per cent, falling from $105.3 million.
Provincially, Statistics Canada reported that Saskatchewan saw a 67.5 per cent increase in building permit values year-over year, rising to $199.2 million from $119 million in January 2010. The province recorded a 3.1 per cent drop in month-to-month permit values, falling from $205.7 million.
Most of the province's annual building permits growth came from the non-residential sector, which recorded a 110.6 per cent increase to $89.6 million from $42.6 million. The province's non-residential building permits also rose month-to-month, increasing by 9 per cent from $82.2 million in December 2010.
Residential building permit values in Saskatchewan rose by 43.5 per cent between January 2010 and January 2011, jumping to $109.6 million from $76.4 million one year earlier.
from Western Investor, April 2011
