Building permit values continue to decline in Saskatoon: StatCan

The value of building permits issued in Saskatoon continues to decline.

Statistics Canada reported Wednesday the total value of building permits issued in the city during June was $74 million, down 11.9 per cent from the previous month.

READ MORE: Saskatoon housing starts trend downward in February: CMHC

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On a year-over-year basis, building permit values are down 45.8 per cent from June 2016.

In Saskatchewan, the value of building permits were $204.8 million, up 21.7 per cent from May but down 10.3 per cent on a yearly basis.

Residential building permit values in the province during June were $111.1 million, up 12.2 per cent from the previous month and up 25.8 per cent from June 2016.

The increase was due to higher construction intentions for multi-residential units.

The value of non-residential building permits issued was $93.7 million, up 35.4 per cent from May but down 33.1 per cent from the previous year.