Statistics Canada says the value of building permits dropped 19.3 per cent in Saskatchewan, April to May. That was the biggest drop of the provinces. Four others were in negative territory even though the country on average saw values rise 4.7 per cent. There was a 5.2 per cent rise in Saskatchewan in the residential sector but it was offset by a 36.2 per cent drop in non-residential. Year-over-year, there was a drop of 0.4 per cent nationally. Saskatchewan had a 9 per cent decline with a 12.9 per cent drop in residential and 4.1 per cent in non-residential.
The Saskatoon Metropolitan area saw a drop of 33 per cent month to month. Of 37 CMA’s checked, 19 others were also in negative territory. Three were actually lower than our numbers. Nationally, there was a rise of 4.1 per cent. May-to-May, we were off 23.6 per cent here. 21 other centres were also down. The national average was a decline of 3.6 per cent. 13 centres were lower than us.
Value of Building Permits Declines
By Steve Chisholm
Jul 10, 2018 | 8:13 AM
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