Saskatchewan continues to outpace the rest of the country in housing construction, with new data showing the province led all others in urban housing start growth for the first half of 2025.
Figures released this week by Canada Mortgage and Housing Corporation (CMHC) reveal that urban housing starts in Saskatchewan surged by 84.1 per cent between January and June compared to the same period last year, the highest percentage increase nationwide.
"For the last five months, Saskatchewan has been at the forefront of growth in Canada for urban housing starts, showing that our growth initiatives are leading to more and more people choosing to call our province home," Trade and Export Development Minister Warren Kaeding said in a statement. "The unprecedented growth we are experiencing is helping to create more jobs, opportunities and greater affordability."
Saskatchewan’s two largest cities saw notable gains, with Saskatoon housing starts jumping 112.9 per cent and Regina up 40.4 per cent. Rural areas posted a staggering 247.2 per cent increase in the same time frame.
Housing starts are a key economic indicator that measures the number of new residential construction projects begun during a given period.
The province’s housing boom coincides with broader economic momentum. According to Statistics Canada, Saskatchewan’s real Gross Domestic Product (GDP) reached a record $80.5 billion in 2024, a 3.4 per cent year-over-year increase, placing the province second nationally and well above the Canadian average of 1.6 per cent.
Private capital investment is also trending upward. Saskatchewan saw a 17.3 per cent jump in 2024, reaching $14.7 billion. That figure is projected to climb again in 2025 to $16.2 billion, marking a 10.1 per cent increase, the second-highest anticipated growth among provinces.
Officials credit the province’s investment strategy, Securing the Next Decade of Growth, for fostering a strong business climate. The strategy, launched last year, aims to attract new markets and encourage development by promoting Saskatchewan through InvestSK.ca.
More information on investment opportunities in the province is available at InvestSK.ca.