Saskatchewan has largest year-over-year housing starts increase amongst provinces
Released on May 8, 2014
Urban housing starts in the province jumped 54 per cent in April 2014 when compared with April 2013. Saskatchewan had the largest percentage increase among the provinces on a year-over-year basis. Nationally, starts were up 12.5 per cent.
“With an influx of population into Saskatchewan, the need and demand for new housing has been increasing,” Economy Minister Bill Boyd said. “This is a significant change from last year and we are well ahead of what is happening in other provinces.”
Most of the increase is in multi dwellings, which posted a 117.5 per cent increase over last year, from 217 last year to 472 units this year. Single family units were up 5.0 per cent.
In the first four months of 2014, urban housing starts were up 19.3 per cent when compared with the same period in 2013, again the highest percentage increase in the nation.
“This is really good news for Saskatchewan’s construction industry and helps to meet needs on the housing front,” Boyd said. “Housing starts contribute to our growing construction industry and the sustained growth of our economy.”
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