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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.

2018 Q1: SREDA’s Economic Rating: B- for the Saskatoon Region

Downloads: Economic Dashboard

Real GDP (2007 $) and Population Projections

CMA GDP: 2018 Forecast
$18.2B
2.0% Change from 2017
CMA Population: Q1 2018
328,651
0.5% Change from Q4 2017
Sk Population: Q1 2018
1,169,081
0.1% Change from Q4 2017

Labour Market- Saskatoon CMA (Q1 2018)

Unemployment Rate
6.9%
-0.8 PP Change from Q4 2017
Employment Level
170,800
-0.2% Change from Q4 2017
Labour Force
183,500
-1.0% Change from Q4 2017
Participation Rate
68.8%
-1.1 PP Change from Q4 2017

Housing Market, YTD (Jan - Mar, 2018)

CMA Housing Starts
212
-32.5% Change from 2017
Building Permits (Saskatoon)
$145.6M
3.7% Change from 2017
Existing Home Sales (Saskatoon)
637
-10.0% Change from 2017
Average Home Price (Saskatoon)
$335,653
-2.4% Change from 2017

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

New Business Licences
311
-17.5% Change from 2017
YXE Passenger Traffic
390,049
2.8% Change from 2017

Saskatchewan, YTD (Jan - Feb, 2018)

Weekly Earnings
$1,015.87
1.1% Change from 2017
Wholesale Trade
$4.3B
0.7% Change from 2017
New Vehicle Sales
$0.3B
-9.6% Change from 2017
Retail Sales
$3.3B
1.2% Change from 2017

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