Economic Indicators

Overview

SREDA’s Q2 2021
ECONOMIC RATING

FOR THE SASKATOON REGION

B-

Real GDP (2012 $) and Population Projections

Total Real GDP

$21.78 B

11.2% change from Q2 2020

Population Estimate (CMA)

342,341

0.5% change from Q1 2021

SK Population : Q2 2021

1,177,884

-0.07% change from Q1 2021

Labour Market
Saskatoon CMA

Unemployment Rate (CMA)

7.5%

-0.9 PP change from Q1 2021

Employment Level (CMA)

171,567

2.2% change from Q1 2021

Total Labour Force

185,400

1.2% change from Q1 2021

Participation Rate (CMA)

68.0%

0.5 PP change from Q1 2021

Housing Market YTD

Housing Starts

1,431

110.8% change from Q2 2020

Building Permit Value

420.450M*

55.3% change from Q2 2020

Average Sales Price

$374,921

8.8% change from Q2 2020

Other Indicators YXE YTD

New Business Licenses

629

22.1% change from Q2 2020

Airport Traffic

82,167

-76.0% change from Q2 2020

Inflation Rate

1.4%

-0.07 PP change from Q1 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.

Aboriginal Identification

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 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.

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.

Industry

Sales of Goods Manufactured – Dollars ($ x 1000), Provincial

Retail trade sales

Manufacturing shipments