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