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Housing

Saskatchewan Economy Sees Substantial Growth in Wholesale Trade and Housing Starts

Strategic Insights

— 1 min read

The Government of Saskatchewan reports that the province's economy continues to grow, with significant increases in wholesale trade and housing starts. According to the latest data, Saskatchewan recorded a 20.9 per cent increase in wholesale trade year-over-year from March 2024 to March 2025, ranking first in month-over-month and second in year-over-year growth among the provinces. Additionally, urban housing starts in Saskatchewan increased by 93.8 per cent in the first four months of 2025 compared to the same period in 2024, with Saskatoon leading the way in growth. The strong performance in housing starts and wholesale trade is attributed to the success of the province's policies, driving job creation, investment, and growth across all sectors.

Key Takeaways:

  • Saskatchewan recorded a 20.9 per cent increase in wholesale trade year-over-year from March 2024 to March 2025, ranking first in month-over-month and second in year-over-year growth among the provinces.
  • Urban housing starts in Saskatchewan increased by 93.8 per cent in the first four months of 2025 compared to the same period in 2024, with Saskatoon leading the way in growth.
  • Total value of wholesale trade reached $4.0 billion in March 2025.
  • The value of Saskatchewan exports has climbed from $19.8 billion in 2007 to nearly $50 billion on average over the past three years.
  • In 2024, the province's exports reached 161 countries.
  • Saskatchewan's 2024 real GDP reached an all-time high of $80.5 billion, increasing by $2.6 billion, or 3.4 per cent.
  • This ranks Saskatchewan second in the nation for real GDP growth, and above the national average of 1.6 per cent.

Statistics:

  • Wholesale trade exceeded $4.0 billion in March 2025.
  • Saskatchewan housing starts increased by 93.8 per cent in the first four months of 2025 compared to the same period in 2024.
  • Saskatoon led the way in growth, with a 221.9 per cent year-over-year increase in housing starts.
  • Single family dwellings increased by 112.9 per cent, and multiple units increased by 81.8 per cent, in April 2025 compared to April 2024.
  • The value of Saskatchewan exports is on average $50 billion over the past three years.
  • Saskatchewan's real GDP reached an all-time high of $80.5 billion in 2024.

Sources:

Government of Saskatchewan news release.

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