The value of building permits skyrocketed in Saskatchewan over the last year.
According to the province, building permits rose in value by 38 per cent from May of 2021 to May of 2022, eventually reaching $178 million.
Most of that is attributed to residential permits, which grew by over 48 per cent over the past year, while non-residential permits were up 26.2 per cent.
"The continued growth in Saskatchewan's building permits is yet one more sign of our economy's strength," Trade and Export Development Minister Jeremy Harrison said in a release. "Our growing economy, combined with significant private sector investments, are creating jobs and opportunities for the people of our province."
The province also boasted that Saskatchewan led the nation in a number of key economic indicators in recent months, including manufacturing sales, which reportedly rose by 44.6 per cent from March 2021 to March 2022, the highest increase among all provinces.
In April 2022, month-to-month retail trade grew by 1.4 per cent and year-over-year wholesale trade increased by 29.4 per cent, both of which were the highest increases among the provinces, the province said.