RESOURCES

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

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: ResidentialProperty Tax: CommercialProperty Tax RatioRent: Downtown ($/SF)Rent: Suburb ($/SF)Vacancy: DowntownVacancy:
Suburb
Saskatoon$11.13$15.251.37$19.49$19.7311.53%10.91%
Calgary$6.65$22.023.31$32.81$28.0321.80%16.10%
Edmonton$9.08$21.852.41$38.17$30.1112.10%17.50%
Vancouver$2.56$9.333.64$62.24$34.441.80%4.74%
Toronto$6.14$22.773.71$58.85$32.002.20%9.40%

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.

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.

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.

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.

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.

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.