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Saskatchewan Building Construction Investment Up 21.2 Per Cent, released by Saskatchewan on 17 May 2024

Good day ladies and gentlemen, this is IRC news, I am Joy Stephen, a certified Canadian Immigration practitioner, and I bring to you this Provincial News Bulletin from the province of Saskatchewan. This recording originates from the Polinsys studios in Cambridge, Ontario.

Year-over-year growth in building construction investment ranks third among the provinces

Today’s numbers for investment in building construction from Statistics Canada show that Saskatchewan has seen a 21.2 per cent year-over-year increase in this category in March 2024 over March 2023 (seasonally adjusted), which ranks third in terms of percentage change among the provinces. This follows in the wake of the 19.4 per cent year-over-year increase that was recorded in February 2024 (seasonally adjusted).

In March 2024, investment in building construction totaled $392 million in Saskatchewan.

A report released by Statistics Canada earlier this week indicates that the value of building permits in Saskatchewan increased by 15.8 per cent year-over-year for March 2024 compared to March 2023 (seasonally adjusted).

Private capital investment is projected to reach $14.2 billion in 2024, an increase of 14.4 per cent over 2023. This is the highest anticipated percentage increase in Canada.

The Government of Saskatchewan recently unveiled its new Securing the Next Decade of Growth – Saskatchewan’s Investment Attraction Strategy. This strategy combined with Saskatchewan’s trade and investment website, InvestSK.ca, contains helpful information for potential markets and solidifies the province as the best place to do business in Canada.
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