Saskatchewan is leading the nation in building construction growth and experiencing a dramatic rise in housing starts, according to the latest data from Statistics Canada.
In January 2025, the province’s investment in building construction jumped by 27.2% compared to the same month in 2024, making Saskatchewan the national leader in year-over-year growth.
Meanwhile, housing starts surged by an impressive 115.7% in February 2025 compared to February 2024, placing Saskatchewan second in the country for percentage growth in new housing developments.
“These two key indicators are reflective of the overall strength of our provincial economy, and today’s numbers show continued positive growth,” said Trade and Export Development Minister Warren Kaeding. “These numbers translate into more jobs, investment, and new projects throughout our communities, which brings added opportunity to everyone who calls Saskatchewan home.”
Breaking down the housing numbers, single-family dwelling starts in February increased by 80.8%, while multiple-unit starts saw an even greater rise of 127.6% compared to the previous year. Urban housing starts in the first two months of 2025 also grew by 51.5% over the same period in 2024.
Saskatchewan’s economic growth is further reinforced by Statistics Canada’s latest GDP figures, which reveal that the province’s real GDP reached a record $77.9 billion in 2023—an increase of 2.3% from 2022, placing Saskatchewan second in Canada and above the national average of 1.6%.
Private capital investment also played a key role in this economic momentum. Saskatchewan saw a 17.3% rise in private capital investment in 2024, reaching $14.7 billion—the highest growth rate among the provinces. Projections for 2025 anticipate a further 10.1% increase, pushing investment to $16.2 billion, the second-highest projected percentage increase in the country.
With rising investments, increasing construction activity, and strong economic indicators, Saskatchewan is solidifying its reputation as one of Canada’s fastest-growing provinces.
