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 $727.6 million.
|Value of Permits in Millions ($)||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
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.