OTTAWA – The value of building permits issued in Saskatchewan during February dropped according to figures released today by Statistics Canada.
The agency says the overall value of permits decreased 10.9 per cent from the previous month, down from $224.6 million to $200 million.
Get weekly money news
On a yearly basis, permit values were down 3.1 per cent.
The drop can be solely attributed to a decrease in residential construction intentions, with the value dropping almost 25 per cent from January and down 14.7 per cent year-over-year.
- IBC estimates $230M in insured damage claimed from Edmonton storms
- Alberta First Nation sues Ottawa over $5 treaty annuity, argues amount stuck in 1899
- Jobs hang in the balance as Ekati diamond mine in N.W.T. closing early
- WestJet flight attendants hold information pickets as strike vote takes place
The agency says $115.0 million in residential permits were issued in February, down from $152.8 million the previous month.
Non-residential values were up 18.5 per cent to $85.0 million.
Nationally, building permits worth $6.0 billion were issued in February, an increase of 1.7 per cent.
Comments
Want to discuss? Please read our Commenting Policy first.
1 comment