Economic Indicators
Economy
Real GDP per Province
GDP at Basic Prices by Industry
Demographics
Population Estimate (CMA)
Ages
Ages chart illustrates the age and gender trends across all age and gender groupings. A chart where the the covered area is primarily on the right describes a very young population while a chart where the the covered area is primarily on the left illustrates an aging population.
The largest population of Saskatoon, SK is the age group between 25 and 29 years old, and the least populated age group is between 80 and 84 years old. 68.48% of the population are in the working age group between 15 to 64 years old, while 26.26% make up the younger population which will be a part of labour force in less than 2 decades.
Median Age
The median age indicates the age separating the population group into two halves of equal size.
Saskatoon, SK has a median age of 35 years old.
Period of Immigration
Periods of migration shows how many people who entered Canada are currently residing in Saskatoon, SK.
The largest influx of immigrants to Canada was 2011 to 2016, where 17,995 people surveyed called Canada their new home.
Aboriginal Identification
The aboriginal populations chart shows the composition of the aboriginal population in a municipality.
The largest aboriginal population are that of the First Nations, making up 53.54 per cent of the total aboriginal population. At 12,255 people, the second largest Aboriginal population is the Metis. persons with Registered or Treaty Indian status but are not First Nations, Métis or Inuit follows with 0.67% of the total Aboriginal population in Saskatoon, SK.
Housing Market & Real Estate
Building Permits
Housing Starts
Average Rents
Housing Prices
Vacancy Rates
The vacancy rates are vacancy rates in primary rental market which consists of units in privately initiated, purpose-built rental structures of three units or more.
Employment
Unemployment Rates
The unemployment rate chart shows the number of unemployed workers and people searching for a paid job expressed as a percentage of the labour force. An increasing unemployment rate signals an “employer’s market” where there are more job seekers compared to the number of jobs available.
Overall, the unemployment rate in Saskatoon, SK is declining at a rate of 0.03% per year over the past 15 years from 2001 to 2016. In the last two census, its unemployment rates grew by 1.1%, an average growth rate of 0.22% per year from 2011 to 2016. A growing unemployment rate signals that there is a higher level of competition between job applicants so obtaining a job becomes more difficult.
Employment Rates
The employment rate chart shows the percentage of people of working age who are employed for each of the past three census years.
Overall, the employment rate in Saskatoon, SK is growing at a rate of 0.09% per year over the past 15 years from 2001 to 2016. In the last two census, its employment rates declined by 1.8%, an average decline rate of 0.36% per year from 2011 to 2016. Further decrease in employment rates signals a negative economic condition in the community with job seekers not finding employment.
Labour Force by Occupation
Participation Rates
The participation rates chart shows the percentage of people who are either employed or are actively looking for work. A growing participation rate signals more people coming into the labour force whether younger people looking for first jobs, people of working age switching careers or jobs, or people re-entering the job market after job disruptions. Migration can significantly affect this economic metric.
Overall, the participation rate in Saskatoon, SK is growing at a rate of 0.09% per year over the past 15 years from 2001 to 2016. In the last two census, its participation rates declined by 1.1%, an average growth rate of -0.22% per year from 2011 to 2016. A decrease in participation rate means the proportion of the working population in Saskatoon, SK is lower than in the past.
Business Investments
Building Permits
Total Business Licenses
New Business Licenses
Labour Force by Industry
Household
Average Weekly Earnings (incl overtime)
Median Household Income
The median income indicates the income bracket separating the income earners into two halves of equal size.
In Saskatoon, SK, the median household income is $79,001 per year. The median household income in Saskatoon, SK is greater than the national household median income in 2015.