Saskatchewan’s building construction investment rose 17.3 per cent in August 2026 compared to the same month a year earlier, reaching $621 million province-wide, according to a provincial government release citing Statistics Canada data.
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Regina accounted for much of the gain, recording a 54.7 per cent jump to $161 million in building construction value, the province said.
What the province is saying
Trade and Export Development Minister Warren Kaeding said the increase points to broader confidence in the provincial economy.
“Investment we are seeing in new homes, schools, factories and commercial buildings reflects confidence in Saskatchewan’s economy and supports the needs of our province,” Kaeding said. “The benefits from building construction does not stop at the work site — they ripple throughout local economies, creating jobs, supporting local businesses and helping build strong communities across Saskatchewan.”
The province says investment in building construction is calculated based on total spending on building construction activity within Saskatchewan, and the August figures are seasonally adjusted.
How Lloydminster and Vermilion compare
The provincial numbers released this week do not break out figures for Lloydminster or Vermilion specifically, and comparable municipal permit totals for August were not immediately available locally.
The border region’s building activity has tracked provincial trends in recent reporting periods, with Saskatchewan previously posting a national-leading 65.5 per cent surge in housing starts in August and ranking among the top provinces for building permit growth earlier this year. Whether that momentum has reached smaller centres along the Alberta-Saskatchewan border has not been independently confirmed through local permit reporting.
Vermilion has had its own building-related activity in recent months, including council’s decision to retain and review lease arrangements for the town’s medical building, though that project is not reflected in the provincial construction investment figures.
Broader economic picture
The province’s release also pointed to Statistics Canada’s latest GDP figures, which show Saskatchewan’s 2025 real GDP reached an all-time high of $85.4 billion, a 2.2 per cent increase that outpaced the national average of 1.7 per cent.
Private capital investment in the province rose 12 per cent last year to $13.6 billion, which the province says ranked first among all provinces and builds on momentum tied to Saskatchewan’s investment attraction strategy, Securing the Next Decade of Growth.
More information on the province’s investment strategy and data is available at InvestSK.ca. Local permit figures for Lloydminster and Vermilion are typically released through each municipality’s planning and development departments.
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