Another increase in housing starts is showing Saskatchewan has good numbers to start the year. The latest figures form statistics Canada shows a 27.2 per cent in January 2025 compared to January 2024 for building construction investment in the province.
"These two key indicators are reflective of the overall strength of our provincial economy and today's numbers show continued positive growth," Trade and Export Development Minister Warren Kaeding said. "These numbers translate into more jobs, investment and new projects throughout our communities, which brings added opportunity to everyone who calls Saskatchewan home."
In February 2025 that success continued with housing starts on single family dwellings increasing by 80.8 per cent and multiple units increasing by 127.6 per cent, compared to February 2024.
Across the first two months of 2025, Saskatchewan saw urban housing starts rise by 51.5 per cent compared to the first couple of months of 2024. As a whole, Saskatchewan ranked second among all provinces in per cent change.
Statistics Canada calculates investment in building construction based on the total spending value on building construction within the province. Housing starts refers to the number of housing projects that started that month.
Private capital investment also saw a boost in Statistic Canada's number as Saskatchewan saw an increase of by 17.3 per cent last year to $14.7 billion, ranking first among provinces.