ECONOMIC INDICATORS

SREDA’s Q4-2019 Economic Rating: B- for the Saskatoon Region

SREDA's Q4-2019 Economic Dashboard

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Economic Dashboard

Real GDP (2012 $) and Population Projections

CMA GDP: 2019 Forecast

$22.70B
-1.4% change from Q4 2018

CMA Population: Q4 2019

329,812
0.2% change from Q3 2019

SK Population: Q4 2019

1,178,657
0.4% change from Q3 2019

Labour Market - Saskatoon CMA (Q4 2019)

Unemployment Rate

5.6%
0.2PP change from Q3 2019

Employment Level

181,033
0.7% change from Q3 2019

Labour Force

191,700
0.5% change from Q3 2019

Participation Rate

69.0%
-0.2PP change from Q3 2019

Housing Market, YTD (Jan-Dec 2019)

CMA Housing Starts

1,323
-18.6% change from Q4 2018

Building Permits (YXE) (Jan-Nov)

$747.5M
-1.2% change from Q4 2018

Existing Home Sales (YXE)

751
14.7% change from Q4 2018

Average Home Price (YXE)

$325,539
-2.8% change from Q4 2018

Other Indicators, YXE YTD (Jan-Dec 2019)

New Business Licenses

1,342
-0.7% change from Q4 2018

Passenger Traffic (Jan-Nov)

1,491,043
-1.8% change from Q4 2018

Inflation

1.4%
1.9PP change from Q4 2018

Tyler Nguyen

Specialist, Economic Intelligence
(306) 664-0724

Business in Saskatoon

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