December 2016 Building Permit Report
Non-residential building permits in December were up from November but still just roughly half of the December 2015 total. This continues a downward trend that plagued most of 2016. Saskatchewan concludes 2016 with building permits totaling $942.3M, 45% lower than the record $1.7B in 2015. Commercial spending was down 40%, Industrial investment was down 55% and Institutional permits declined by 48%. Regional yearend figures confirm that Saskatoon was down 39% on the year and Regina dropped by 33%. But the worst of the downturn was seen outside of the major centers with the rest of the province experiencing 64% - the worst performance in a decade. Forecasts project improved resource investment in 2017 which should help drive numbers back up and stabilize the industry.
Read the full December 2016 Building Permit Report.
January 2017 Labour Force Report
Construction employment in Saskatchewan continued a 23-month downward trend in January with a drop of 8.5% to 46,100 employees compared to January 2016. The decrease impacted paid employees while self-employed worker numbers increased by 1%. Employment in East Central Saskatchewan edged up marginally compared to the same period a year ago, while the other six economic regions all declined with particularly poor numbers in the West Central region. Wage rates have finally begun to reflect the labour market decline with a 5.9% decrease from January 2016 to $27.80. Hours worked have also fallen slightly to 36.2 hours per week.
Read the full January 2017 Labour Force Report.
These reports were prepared by the Sask Trends Monitor for the SCA.