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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. 

How are we doing?

In 2016, the City issued 3,950 building permits. The annual construction value for these permits was $727.6 million.  

Data Table
Building Permits
  2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
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 2009 and 2015, Saskatoon’s $4,723 per capita average annual construction was below Edmonton and Calgary, although higher than in Regina and Winnipeg. 

Average Annual Construction Value Graph

Sources:  City of Saskatoon, Respective 2015 Annual Reports from each municipality.

*The Edmonton construction value is an average of four years (2010 to 2015).

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.

 

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