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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 Q4: SREDA’s Economic Rating: B- for the Saskatoon Region

GDP & Population Projections (Q4, 2017)

CMA GDP
$ 18.3B
0.3% Change from Q3 2017
CMA Population
326,344
0.5% Change from Q3 2017
Saskatchewan Population
1,168,107
0.3% Change from Q3 2017

Labour Market - Saskatoon CMA (Q4, 2017)

Unemployment Rate
7.6 %
-0.6 PP Change from Q3 2017
Job Growth
200
0.1% Change from Q3 2017
Labour Force
185,600
-0.5% Change from Q3 2017
Participation Rate
70.0%
-0.7 PP Change from Q3 2017
Employment Level
171,500
0.1% Change from Q3 2017

Housing Market, 2017 Overall

Housing Starts
1,915
0.3% Change from 2016
Building Permits
$ 761.1M
4.4% Change from 2016
Existing Home Sales
3,515
-5.4% Change from 2016
Average Home Price
$ 344,022
-1.6% Change from 2016

Other Indicators - Saskatoon, 2017 Overall

New Business Licenses
1,414
21.0% Change from 2016
YXE Passenger Traffic
1.5M
0.8% Change from 2016

Saskatchewan, 2017 YTD (Jan- Nov)

Weekly Earnings
$ 1,007.60
2.1% Change from 2016
Wholesale Trade
$ 24.8B
8.5% Change from 2016
New Vehicle Sales
$ 2.3B
11.1% Change from 2016
Retail Sales
$ 18.2B
4.4% Change from 2016

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