COST OF BUSINESS
You can work in the hub of the city without the steep price tag! Office rent in our downtown core and our surrounding neighbourhoods is considerably cheaper and our property taxes are competitive with cities across Western Canada.
| Property Tax: Residential | Property Tax: Commercial | Property Tax Ratio | Rent: Downtown ($/SF) | Rent: Suburb ($/SF) | Vacancy: Downtown | Vacancy: Suburb | |
| Saskatoon | $12.2 | $18.4 | 1.5 | $19.0 | $19.5 | 15.8% | 14.8% |
| Regina | $14.8 | $17.1 | 1.2 | $15.5 | $16.2 | 12.9% | 12.4% |
| Winnipeg | $13.2 | $22.1 | 1.7 | $15.4 | $14.5 | 13.9% | 8.2% |
| Calgary | $7.4 | $20.6 | 2.8 | $14.5 | $16.4 | 27.2% | 22.7% |
| Edmonton | $9.3 | $22.2 | 2.4 | $37.1 | $29.5 | 17.1% | 23.4% |
| Vancouver | $2.9 | $10.0 | 3.4 | $54.0 | $45.5 | 7.4% | 7.3% |
| Toronto | $6.1 | $10.9 | 1.8 | $64.7 | $34.0 | 8.2% | 13.2% |
Competitive property tax rates contribute to a healthy local economy. According to Altus Group’s 2019 Canadian Property Tax Rate Benchmark Report, Saskatoon has the lowest commercial-to-residential tax ratio with 1.7 compared to the Canadian average of 2.84.
DOWNTOWN SASKATOON: URBAN WITH A PRAIRIE HEART
Those who live, work, play and do business in our City Centre know it as a vibrant, dynamic place that reflects who we are as a city. Even in the heart of the city, nature is never far away. The river that runs through Downtown and the green, publicly accessible corridor that flanks it are a source of great pride for our citizens. The city have bold plans for Downtown Saskatoon including new public transit corridors, an entertainment district and a new central library. Now is the time to invest in our future.
STATISTICS
Saskatoon is among the youngest and fastest-growing cities in Canada. With a solid infrastructure, natural resources, research and development facilities, and a well-educated workforce – Saskatoon is continually creating exciting opportunities for businesses and individuals.
The Region
The Region consists of cities, towns, municipalities and First Nations all with their own unique demographics and business opportunities. SREDA supports a total of 16 Regional Partners with economic development and planning.
Photo courtesy of Tourism Saskatoon 
ECONOMIC INDICATORS
The Saskatoon Census Metropolitan Area (CMA) is home to more than 328,000 people and is the largest city in Saskatchewan. Our economy is diverse with a wealth of resources, budding tech-scene and world-class research and development facilities. The diversity of our economy has led to record population, employment, investment and export growth in the past decade. More than $150M in venture capital and private equity funding for Saskatoon tech was raised in the first half of 2021.
SREDA’s economic research team develops quarterly updates on the Saskatoon Region’s economy. These updates provide information on the main economic indicators: GDP, employment, housing, business news and more.
BUSINESS INCENTIVES AND SUPPORT
We are here to help businesses – big and small – thrive in Saskatoon. There is a variety of municipal, provincial and federal business incentives available to help you start or grow your business in Saskatoon. Our skilled team can help navigate the options and find the best one for your growing business.
ENTREPRENEURSHIP
SREDA’s entrepreneurship program, Square One, assists entrepreneurs with the first steps in starting or expanding their business in Saskatchewan. Just starting out? Already growing? We have the tools, advice and resources needed for you to succeed.
INVEST IN CANADA
Invest in Canada is Canada’s global investment attraction and promotion agency. Facilitating global investment that spurs job growth and makes Canada stronger, Invest in Canada is the foreign investor’s primary point of contact.
Business in Saskatoon
Saskatoon’s mix of economic diversity, low business costs and high quality of life make it the perfect place for businesses and people to thrive.
Life in Saskatoon
From a low cost of living and short commute times, to great schools and endless entertainment options, there’s no better place to work and play.