It's already a record-setting for Saskatoon with the city reporting it has already issued more than more than $1 billion in building permits so far in 2012.

City manager Murray Totland says it wasn't that many years ago they were jubilant about $200 million in building permit sales.

He says it goes to show the housing and construction industries in the city are doing very well.

Totland credits city council, saying it has created an environment where people are optimistic and willing to invest in Saskatoon.