Saskatchewan Housing Starts See Major Boost

Released on March 15, 2023

Saskatchewan's economy continues to show impressive growth with urban housing starts increasing by 76.4 per cent between February 2022 and 2023, ranking first among the provinces 

This increase is well above the national average of 3.5 per cent. 

"Saskatchewan's strong economy continues to be one of the best in the nation," Trade and Export Development Minister Jeremy Harrison said. "Today's increase in housing starts is impressive and is further proof that Saskatchewan is the best place to live, work, and raise a family. This is growth that works for everyone." 

In the first two months of 2023, urban housing starts in Saskatchewan increased by 49.7 per cent, compared to the same period in 2022, ranking second among the provinces in percentage change. 

Saskatchewan has seen strong growth in several key economic indicators in recent months. On Tuesday, Statistics Canada's investment in building construction release showed Saskatchewan with the highest increase among provinces, rising 21.5 per cent compared to January 2022. Saskatchewan also saw the largest increase in merchandise exports in the nation in January 2023 with a 56.7 per cent increase year-over-year. Most recent labour force numbers from Statistics Canada show 9,400 new jobs created compared to February 2022, an increase of 1.6 per cent.

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