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SREDA

The Saskatoon Region economy is one of the most diversified economies in the country, producing outstanding products and services that are in demand throughout the world. The 2016 KPMG Competitive Alternatives Study ranks Saskatoon second with the most competitive business environment at the lowest cost among cities in the Midwest United States and Western Canada.

SREDA develops quarterly updates on the Saskatoon Region’s economy. These updates provide information on the main economic indicators: GDP, employment, housing, sector overviews and more.

For current statistics including demographics, companies, real estate and more, visit the Saskatoon Statistics or Regional Statistics section.

2017 Q1: SREDA’s Economic Rating: C+ for the Saskatoon Region

Downloads: Economic Dashboard

GDP & Population

Gross Domestic Product
$17.2B
0.3% Change from Q4 2016
CMA Population
303,000
0.9% Change from Q4 2016
Saskatchewan Population
1,127,710
1.0% Change from Q4 2016

Employment

Unemployment Rate
7.3%
-0.1% Change from Q4 2016
Employment Rate
65.1%
-0.6% Change from Q4 2016
Labour Force
183,200
-0.1% Change from Q4 2016
Participation Rate
70.2%
-0.5% Change from Q4 2016

Housing

Housing Starts (YTD)
314
-14.2% Change from 2016
Building Permits (YTD)
$140.4M
55% Change from 2016
Existing Home Sales (YTD)
610
1.5% Change from 2016
Average Home Price
$340,295
-1.2% Change from 2016

Other Indicators - Saskatoon

New Business Licences (Q1)
373
49.2% Change from 2016
YXE Passenger Traffic (Q1 YTD)
0.379M
-0.8% Change from 2016

Other Indicators - Saskatchewan (February YTD)

Weekly Earnings (Jan YTD)
$967
-2.0% Change from 2016
Wholesale Trade
$4.35B
12.8% Change from 2016
New Car Sales
$0.32B
16.1% Change from 2016
Retail Sales
$3.3B
7.6% Change from 2016

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