NON-RESIDENTIAL CONSTRUCTION ACTIVITY INCREASES IN THE FOUTH QUARTER OF 2012

Non-residential construction in Saskatchewan rose 17.8 per cent in the fourth quarter of 2012, the highest year-to-year increase among the provinces, according to Statistics Canada.  Construction totalled $462.4 million in the province during the fourth quarter.  On a national basis, building permits were up only 2.1 per cent over the same period.

“Saskatchewan’s economy is undergoing a period of prosperity which has triggered more construction across the province,” Economy Minister Bill Boyd said.  “Non-residential construction has been experiencing a spike in activity as commercial projects and potash mine expansions come on stream which is good in terms of job creation and other spin-off benefits.”

On a year-over-year basis, industrial construction rose by 20.6 per cent, commercial by 19.0 per cent and institutional construction was up by 14.2 per cent.

Between the third and the fourth quarter of 2012, construction was up 1.4 per cent, still ahead of the national average of 1.0 per cent.

“As we head into 2013, the projections are that economic growth will be even better, making Saskatchewan a destination of choice for those looking for a place to pursue a new career or business opportunities,” Boyd said.

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For more information, contact:

Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca