The City of Saskatoon is reporting that more than 1 billion dollars worth of building permits have been issued in Saskatoon so far in 2012. The total amount of building permits issued as of the end of November was 1.05 billion dollars, with residential housing making up most of that new construction.

The dollar value of building permits in 2011 was $936.9 million dollars, and in 2010 it was $666 million dollars.

Much of the new residential construction has taken place in the City’s new neighbourhoods of Evergreen, Willowgrove, Rosewood, Hampton Village, and Stonebridge.

The City says it is anticipating another billion dollars in new construction in Saskatoon in 2013.