Strong growth spurs Saskatchewan in 2024

Saskatchewan had a strong 2024 with 14,000 new jobs and a 26.2 per cent rise in building permits.

“Saskatchewan is experiencing significant job growth, which is a direct result of the confidence job creators have in our economy,” said Deputy Premier and Immigration and Career Training Minister Jim Reiter.

The new jobs represented a 2.4 per cent increase from the previous year. The province’s 5.5 per cent annual unemployment rate is also well below the national average of 6.7 per cent.

“The opportunities being created by a strong economy means more people are living and working in Saskatchewan than ever before,” said Reiter. “That is why we are focused on growing access to healthcare and educational spaces for Saskatchewan people to ensure our province remains the best place to live, work and raise a family in Canada.” 

Additionally, the province also led Canada in building permit growth in 2024. Permits increased in value by 26.2 per cent year over year compared to 2023, the second-highest change across Canada. Meanwhile, Saskatchewan’s total building permits were valued at $3.3 billion in 2024, the province’s highest yearly total on record.

The total value of building permits represents the dollar value of construction permits for residential and non-residential buildings.

Statistics Canada’s latest GDP numbers indicate Saskatchewan’s 2023 real GDP reached an all-time high of $77.9 billion. It increased by $1.8 billion, or 2.3 per cent. This ties Saskatchewan for second in the nation for real GDP growth above the national average of 1.6 per cent.

“The continued growth we are seeing in building permits demonstrates the confidence individuals and industry have in Saskatchewan’s strong and growing economy,” said Trade and Export Development Minister Warren Kaeding. 

The province saw significant gains in residential, commercial, and industrial construction permits, boosting the economy across multiple sectors. Meanwhile, government officials attributed the success to strong resource industries, diverse investments, and programs designed to attract workers and businesses.

“Because of our efforts to create a business-friendly environment and attract new investment to Saskatchewan, more people are choosing our province to live, work, and raise a family than ever before,” said Kaeding. “Our growing construction sector is leading to more opportunities for people and communities across the province.”

The province expects growth to continue in 2025 with ongoing projects and a focus on expanding job opportunities.

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Dan Gray
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