QUARTERLY ECONOMIC DASHBOARD

Note: This dashboard includes data from Q1-2020, which was from January 1 – March 27, 2020. As such, the majority of the impact of the COVID-19 pandemic is not yet reflected in the data.

SREDA's Q1-2020 Economic Dashboard

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Economic Dashboard

Real GDP (2012 $) and Population Projections

CMA GDP: 2020 Forecast

$21.28B
-4.8% change from Q1 2019

CMA Population: Q1 2020

334,533
0.4% change from Q4 2019

SK Population: Q1 2020

1,181,666
0.3% change from Q4 2019

Labour Market - Saskatoon CMA (Q1 2020)

Unemployment Rate

6.5%
0.9PP change from Q4 2019

Employment Level

182,533
1.5% change from Q4 2019

Labour Force

195,167
3.5% change from Q4 2019

Participation Rate

69.9%
0.8PP change from Q4 2019

Housing Market, YTD

CMA Housing Starts

307
94.3%

Building Permits (YXE)

$126.87M
10.1% change from Q1 2019

Existing Home Sales (YXE)

719
7.3% change from Q1 2019

Average Home Price (YXE)

$331,314
3.9% change from Q1 2019

Other Indicators, YXE YTD

New Business Licenses

287
-15.6% change from Q1 2019

Passenger Traffic

326,338
-17.9% change from Q1 2019

Inflation

1.41%
0.003% change from Q1 2019

Tyler Nguyen

Specialist, Economic Intelligence
(306) 664-0724

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