Released on January 13, 2022
Saskatchewan leads province in year-over-year increases
Today, Statistics Canada released November 2021 building construction investment figures, with Saskatchewan seeing a 16.8% (seasonally adjusted) increase in investment from November 2020 to November 2021, ranking ranked first among the provinces in terms of percentage change. Investment in residential building construction led the year-over-year growth with an increase of 20.4%.
Saskatchewan also ranked second among the provinces in terms of percentage change from October 2021 to November 2021, with a 10.6% increase (seasonally adjusted) in building construction investment. The value of investments in the construction of buildings in November 2021 was $344 million.
“Today’s figures from Statistics Canada show that our province continues to be at the forefront of an economic recovery amid the global COVID-19 pandemic,” said Minister of Trade and Export Development, Jeremy Harrison. “Not only are we seeing significant growth in investment in residential and non-residential building construction and building permits, but Saskatchewan’s recent employment numbers are leading the country, which certainly indicates that we are building a Saskatchewan strong.
In Statistics Canada’s latest Labor Force Survey, month-over-month employment (seasonally adjusted) in Saskatchewan increased by 6,000 (up 1.1%) from November 2021, which represents the strongest growth among the provinces in terms of percentage change.
Building permits in Saskatchewan in November 2021 also jumped 57.0% (seasonally adjusted) from November 2020 and 49.5% (seasonally adjusted) from October 2021 numbers.
For more information, contact:
Trade and export development
Email: [email protected]