Builder View – March 2018

Permit Reports & Data Trends
The February Permit Report compiled by the Saskatoon & Region Home Builders’ Association is based on permit statistics collected from the cities of Saskatoon, Martensville, Warman, Osler, and the rural municipality of Corman Park from February 1, 2018 to February 28, 2018. Some recent additions to the report include construction permit numbers from the City of Prince Albert, additional categories in the demolition permit numbers for Saskatoon, and a 10-year analysis of single-family vs. multi-family permit numbers. As this report is considered a member benefit, we ask that it not be distributed to the public.

The report includes permit totals and estimated total values for the region. Historical data and project details for both Prince Albert and the RM of Corman Park are not yet available. Builders occasionally pull permits using a numbered company, so actual member vs. non-member activity may vary slightly compared to what is reported.

The report also includes yearly permit trend charts for Saskatoon, detailed figures for renovations by type, and the National Average Selling Prices for the 19 major urban areas across Canada, which is taken from the Canadian Real Estate Association Housing Market Statistics.

Single-Family Permits

After a strong start in 2018, single-family permit numbers softened slightly in February compared to last year. A total of $11.8 million in single family permits were pulled for February. In Saskatoon, the number of permits pulled for the month decreased 38%, but members captured a larger share of the market with 88%, compared to 77% last year. The data shows a similar trend for the value of permits, with members representing 91% of the permit values for February. Martensville and the RM of Corman Park saw and increase in permit activity and values. In Warman and Martensville, members captured 100% of the permit activity for February. The total value of permits for all areas up to February 28, 2018 is $25.1 million.

Multi-Family Permits

The multi-family permit activity for February is healthy for this time of year. While activity is down compared to this time last year, overall activity remains strong, given the large number of permits pulled in December 2017. February saw $4.7 million in new permits pulled in this category, with virtually all the activity captured in Saskatoon by members of the Association. Martensville, Warman, Osler, and the RM of Corman Park saw no multi-family permits pulled in February, and Prince Albert saw a single permit for multi-family construction. Total investment for all areas up to February 28, 2019 is $6.8 million.

Renovation Permits

Renovation permits in Saskatoon & Region for February remain very stable. There was no significant difference in the number of permits or permit values when compared to 2017. $7.3 million in permits were pulled for February 2018, with most of the activity in Saskatoon. The member share of the activity in Saskatoon for February was 26% of permits pulled and 37% of the value of permits, which represents a slight increase from 2017. The most common renovation projects in Saskatoon for February were addition of basement bedrooms, new detached garages and secondary suite conversions.

Key Takeaways

While renovation permits have remained relatively stable over the last few years, we are seeing an overall trend towards an increase in permit activity in the region for both single-family and multi-family categories. Activity is up, reflecting a strong residential construction market for Sask