According to Statistics Canada’s most recent data, Saskatchewan saw a 12.9 per cent increase in building construction investment from May 2023 to May 2024.
Investment in building construction is calculated based on the total spending value on building construction within the province.
"Saskatchewan's economy continues to show its significant strength as we attract investment from businesses looking to build and expand," Trade and Export Development Minister Jeremy Harrison said in the release. "Saskatchewan's surge in building construction investments shows the industry's confidence in our province's competitive business environment, which promotes innovation and provides investor certainty. This economic growth is creating good jobs in communities across the province and allows our government to invest in the areas that matter most to Saskatchewan people."
Exports in the province have seen significant growth, totaling $101.9 billion for 2022 and 2023 combined. This represents a 52.2 per cent increase from the previous two-year period of 2020-2021, which saw $66.9 billion in exports.
The latest Gross Domestic Product (GDP) numbers also show that Saskatchewan’s 2023 real GDP reached an all-time high of $77.9 billion, increasing by $1.2 billion in 2024, an increase of 14.4 per cent from 2023. This is the highest anticipated percentage increase in Canada.
These initiatives are positioned to amplify growth in Saskatchewan, serving as pivotal instruments in driving further development.