Building permit increases in Saskatchewan have surpassed even Ontario this year, according to Statistics Canada, which notes permit values in October were up 22.4 per cent province-wide. This is ahead of a 22.2 per cent rise in Ontario and 10 times higher than the national average.
Construction of multi-family buildings, like apartments and condominiums and institutional buildings, was the biggest factor in the increase in Saskatchewan's building permit values, the report said.
Of the $278 million in building permits issued in October $149.9 million were for residential buildings, a 50.6 per-cent increase over the $99.5 million in permits issued during the previous month.
Nationally, there were $6.3 billion worth of building permits issued in October, up 11.9 per cent from the previous month on a seasonally adjusted basis.
As a comparison, Alberta building permit values in October were down 11.3 per cent from a month earlier.
from Western Investor January 2012
