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Saskatchewan Leads Canada in Housing Growth and Construction Boom
Saskatchewan has emerged as a leader in Canada’s construction and housing sectors, with new data revealing impressive growth in both investment and housing starts. The province is seeing a surge in development, creating more job opportunities and contributing to the economic expansion of the region.
Record Growth in Building Investment
According to the latest Statistics Canada report, Saskatchewan’s building construction investment saw a significant 27.2% increase in January 2025 compared to the same period in 2024. This surge highlights the province’s ongoing infrastructure expansion, positioning it as a top destination for residential and commercial projects.
Trade and Export Development Minister Warren Kaeding stated, “These numbers reflect the strength of Saskatchewan’s economy, leading to more jobs, investments, and overall prosperity for our communities.”
Housing Starts Soar Over 115%
One of the most striking figures from the report is the 115.7% rise in housing starts from February 2024 to February 2025. The demand for new housing continues to climb as more people move to Saskatchewan for its affordability and growing economic opportunities.
Key breakdown of housing growth:
- Single-family housing starts: Up by 80.8%
- Multiple-unit housing starts: Increased by 127.6%
- Urban housing starts (Jan-Feb 2025): Up by 51.5%
This surge has positioned Saskatchewan second among Canadian provinces for percentage growth in housing starts.
Economic Strength Behind the Growth
The economic momentum in Saskatchewan is backed by strong private capital investment, which increased by 17.3% in 2024, reaching $14.7 billion. Projections indicate that this number will rise to $16.2 billion in 2025, marking a 10.1% growth.
Additionally, Saskatchewan’s real GDP hit a record $77.9 billion in 2023, reflecting a 2.3% increase over 2022. These numbers demonstrate the province’s ability to maintain steady economic growth and attract new residents seeking job opportunities and a high quality of life.
A Promising Future for Saskatchewan’s Housing Market
With a growing workforce, increased private investment, and a strong real estate market, Saskatchewan is well-positioned for sustained growth in the coming years. Government initiatives like the Securing the Next Decade of Growth strategy and the InvestSK.ca platform continue to attract new businesses and residents to the province.
For those looking to move to Canada, Saskatchewan’s booming housing market and economic strength make it an attractive destination. Stay informed with the latest updates on Canada’s immigration and economic trends with Canada Immigration News.
