While the value of building permits has dropped across Canada, the decline is dramatic in Saskatchewan. Nationally, values were off 2.3 per cent May-to-June. In Saskatchewan, the decline was about 29 per cent. Year-to-year, values were down 5.6 per cent across the country. In Saskatchewan the decline was steep at nearly 51 per cent. Saskatchewan’s drops were the biggest of the provinces. The total value of building permits in Saskatchewan in June was $108 million.
In terms of census metropolitan areas, 12 of 37 surveyed had larger drops than Saskatoon’s May to June drop of 14.8 per cent. Nationally, values were off 3.4 per cent. Year-to-year, seven CMAs had larger declines than Saskatoon’s 27.7 per cent. Nationally, values fell 9.6 per cent. The total value of building permits in Saskatoon’s CMA stood at $52 million.
By comparison, Regina saw declines of 44.5 per cent month-to- month and 72.4 per cent year-to-year.