Economic Indicators

Overview

SREDA’s Q4 2022
ECONOMIC RATING

FOR THE SASKATOON REGION

B

Real GDP (2012 $) and Population Projections

Total Real GDP

$23.45 B

5.1% change from Q4 2021

Population Estimate (CMA)

353,495

0.7% change from Q3 2022

Labour Market
Saskatoon CMA

Unemployment Rate

4.0%

-0.10 PP change from Q3 2022

Employment Level (CMA)

187,100

-2.5% change from Q3 2022

Total Labour Force

194,933

-2.6% change from Q3 2022

Participation Rate (CMA)

68.8%

-2.5 PP change from Q3 2022

Housing Market YTD

Housing Starts

2,659

0.7% change from Q4 2021

Building Permits

882.250M*

-3.0% change from Q4 2021

Housing Listings and Sales

1,025

-7.3% change from Q4 2021

Average Sales Price

$367,167

2.6% change from Q4 2021

Other Indicators YXE YTD

New Business Licenses

1,152

0.8% change from Q4 2021

Airport Traffic

952,051

118.5% change from Q4 2021

Inflation Rate

7.2%

4.0 PP change from Q4 2021

Economy

GDP Distribution by Industry Comparison

GDP at Basic Prices by Industry

Sales of New Motor Vehicles – Values, Provincial

Consumer Price Index

Demographics

Population Estimate (CMA)

Population Growth Rate (CMA)

Median Age Comparision (CMA)

Period of Immigration

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.

Indigenous Identification

Indigenous Identification

The aboriginal populations chart shows the composition of the aboriginal population in a municipality.

Housing Market & Real Estate

Building Permit Volume

Housing Starts

Average Rents

Housing Prices

Vacancy Rates

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 Rate (CMA)

Employment Level (CMA)

Employment By Industry (CMA)

Employment By Occupation (CMA)

Business Investments

Investment In Construction

Total Business Licenses

New Business Licenses

Labour Force by Industry

Household

Average Weekly Earnings (incl overtime)

Median Household Income

Median Household Income

The median income indicates the income bracket separating the income earners into two halves of equal size.

Industry

Retail trade sales

Manufacturing shipments