PST, interest rates negatively impacting Saskatoon builds: report – Saskatoon
PST on construction, interest rate increases, and the mortgage stress test are negatively impacting home building permits in Saskatoon, according to a local association. The Saskatoon & Region Home Builders’ Association (SRHBA) pointed to those reasons as factors for the significant decline in the number of permits issued so far in 2018. SRHBA said high…
Saskatchewan construction permit values see major August to August decline
A million dollar construction contract would result in a $60,000 PST charge in Saskatchewan. That comes after the province added the tax to construction contracts in the 2017 budget. Now, the opposition NDP are blaming the tax for a decline in value of Saskatchewan’s construction permits. “That PST just priced a lot of people out…