ECONOMIC INDICATORS

SREDA’s Q3-2019 Economic Rating: B- for the Saskatoon Region

SREDA's Q3-2019 Economic Update

Downloads

Economic Dashboard

Real GDP (2012 $) and Population Projections

CMA GDP: 2019 Forecast

22.87B
0.6% change from Q3 2018

CMA Population: Q3 2019

329,205
0.4% change from Q2 2019

SK Population: Q3 2019

1,174,462
.06% change from Q2 2019

Labour Market - Saskatoon CMA (Q3 2019)

Unemployment Rate

5.8%
0.2PP change from Q2 2019

Employment Level

180,200
0.6% change from Q2 2019

Labour Force

191,200
0.3% change from Q2 2019

Participation Rate

69.2%
0.2PP change from Q2 2019

Housing Market, YTD (Jan-Sept 2019)

CMA Housing Starts

969
-10.2% change from Q3 2018

Building Permits (YXE)

$527.7M
10.6% change from Q3 2018

Existing Home Sales (YXE)

1,097
10.7% change from Q3 2018

Average Home Price (YXE)

$335,368
1.8% change from Q3 2018

Other Indicators, YXE YTD (Jan-Sept 2019)

New Business Licenses

1,051
-0.3% change from Q3 2018

Passenger Traffic (Jan-Aug)

1,011,932
-1.7% change from Q3 2018

Inflation

1.4%
0.01PP change from Q3 2018

Tyler Nguyen

Specialist, Economic Intelligence
(306) 664-0724

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.