A healthy economy is one where all people thrive.
Our economic data tells the story of strength. As one of the most resilient economies in Canada, businesses choose the Saskatoon Region for expansion and investment because we have proven we stay strong no matter how the world around us changes. Often, the innovations that happen here inspire global change.
The Saskatoon Region is growing, vibrant, and primed for prosperity.
Our economy is shaped by the people and industries that choose to live and do business here.
A Region on the Rise
The Saskatoon Region is thriving, with growth projected well into the future. Centrally located in Saskatchewan, it’s a hub for industries driving Canada’s economy, making it a top destination for investment and innovation.
Housing Starts
1,875
-2.9% change from Q3 2023
Building Permits
703.954M*
-13.7% change from Q3 2023
New Listings
2,349
2.8% change from Q3 2023
Average Home Price
$404,400
7.4% change from Q3 2023
Well Connected
Located at the crossroads of major transportation routes, the Saskatoon Region is a central link to key markets across Western Canada. Positioned in the heart of Saskatchewan, it serves as a hub for innovation, trade, and collaboration, supported by ongoing investments in infrastructure to drive future growth and connectivity.
Driving Growth Through Industry Strengths
The Saskatoon Region’s economy is rising, with strong real GDP growth, increasing new business licenses, and stable inflation. Driven by key industries like agriculture, mining, manufacturing, life sciences, and technology, the region fosters innovation and combines natural resources with advancements, creating exceptional opportunities for businesses and investors.
Total Real GDP
$25.98 B
3.1% change from Q3 2023
New Business Licenses
710
-13.1% change from Q3 2023
Inflation Rate
1.4%
-2.9 PP change from Q3 2023
Economic Reports
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Whether you’re considering growing your business or making a strategic investment in a key sector, our team can connect you to the people and information that make a clear, strong case for the Saskatoon Region.
