“Saskatchewan’s Surging Urban Housing Starts: A Sign of Growth and Prosperity”
Sub-heading: The Increase in Housing Starts
Statistics Canada has recently released data indicating a significant increase in urban housing starts in Saskatchewan. In March 2024, housing starts in the province rose by 12.1% compared to the same month in 2023. Notably, the number of starts for single-family dwellings surged by 35.7%, while multiple units also saw a 3.8% increase from the previous year.
Sub-heading: Minister Jeremy Harrison’s Perspective
In response to the encouraging numbers, Trade and Export Development Minister Jeremy Harrison emphasized the province’s remarkable growth trajectory. Harrison stated, “Our province continues to grow at rates not seen in more than a century, and these numbers show just how many people are choosing to build a life in Saskatchewan.” He attributed the upsurge in housing starts to the province’s robust economy, which has fostered increased opportunities, job creation, and investments in local communities.
The Outlook for Saskatchewan’s Housing Market
With $235 million in building permits issued in February 2024 – a noteworthy 96.2% increase from January and a 22.6% rise from February 2023 – Saskatchewan’s housing market shows no signs of slowing down. The province’s exceptional year-over-year growth places it among the leading provinces in Canada.
Conclusion: A Flourishing Future for Saskatchewan
As Saskatchewan’s urban housing starts continue to soar, it is evident that the province is on a path towards growth and prosperity. The government’s commitment to fostering a stable market and supporting economic development has undoubtedly contributed to this positive trend. With an influx of new residents choosing to call Saskatchewan home, the future looks bright for the province’s housing market and economy.
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