menu
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.

2018 Q2: SREDA’s Economic Rating: B- for the Saskatoon Region

Real GDP (2007 $) and Population Projections

CMA GDP: 2018 Forecast
$18.2B
2.0% Change from 2017
CMA Population: Q2 2018
330,111
0.4% Change from Q1 2018
Sk Population: Q2 2018
1,173,443
0.3% Change from Q1 2018

Labour Market- Saskatoon CMA (Q2 2018)

Unemployment Rate
6.8%
-0.1 PP Change from Q1 2018
Employment Level
173,233
1.4% Change from Q1 2018
Labour Force
185,933
1.3% Change from Q1 2018
Participation Rate
69.3%
1.3 PP Change from Q1 2018

Housing Market, YTD (Jan - Jun, 2018)

CMA Housing Starts
616
-17.3% Change from 2017
Building Permits (Saskatoon)
$345.5M
-8.3% Change from 2017
Existing Home Sales (Saskatoon)
1,675
-7.6% Change from 2017
Average Home Price (Saskatoon)
$335,046
-4.2% Change from 2017

Other Indicators- Saskatoon, YTD (Jan - Jun, 2018)

New Business Licences
704
-8.3% Change from 2017
YXE Passenger Traffic
750,957
3.5% Change from 2017
Inflation
2.8%
1.6 PP Change from 2017
Average Weekly Earnings
$1,012.6
0.6% Change from 2017

Saskatchewan, YTD (Jan - May, 2018)

Wholesale Trade
$10.6B
-1.2% Change from 2017
New Vehicle Sales
$0.9B
-8.8% Change from 2017
Retail Sales
$8.1B
-0.4% Change from 2017
Manufacturing Shipments
$7.4B
10.6% Change from 2017

Archives

2018

2017

2016

2015

2014

Get Informed

Sign-up for our Economic NewsFlash and stay up-to-date with the top local, provincial and national economic news stories.