Saskatchewan Housing Starts Soar by 82.2 Per Cent

May 16, 2024

According to the latest data from the Canada Mortgage and Housing Corporation (CMHC), in April 2024, urban housing starts in Saskatchewan increased by 82.2 per cent compared to April 2023.

“The surge in housing starts emphasize our unwavering dedication to building opportunities, creating new jobs and driving economic growth in communities across our province,” Trade and Export Development Minister Jeremy Harrison said. “This growth reaffirms that Saskatchewan is open for business and people want to make long-term investments in Saskatchewan. The province is well-positioned to capitalize on emerging opportunities and further reflects Saskatchewan as one of the most attractive jurisdictions in the country for capital investment.”

In April 2024, housing starts on multiple units also increased by 184.9 per cent (from 93 units to 265 units), compared to April 2023. 

Housing starts refers to the number of housing projects that started that month.

The provincial economy has seen substantial growth recently. Exports continue to soar, totaling over $101.9 billion for 2022 and 2023 combined. This is a 52.2 per cent increase from the previous two-year period of 2020-2021, which saw $66.9 billion in total exports. 

In 2023, Saskatchewan’s population grew by over 30,000 people, which is the biggest population increase in over a century.

Private capital investment is projected to reach $14.2 billion in 2024, an increase of 14.4 per cent over 2023. This is the highest anticipated percentage increase in Canada.

The Government of Saskatchewan recently unveiled its new Securing the Next Decade of Growth – Saskatchewan’s Investment Attraction Strategy. This strategy combined with Saskatchewan’s trade and investment website, InvestSK.ca, contains helpful information for potential markets and solidifies the province as the best place to do business in Canada.  

Source

Related Articles


Latest Articles


Changing Scene

  • Federal Investment to Add 989 New Montreal Homes

    Federal Investment to Add 989 New Montreal Homes

    November 18, 2024 The federal government is providing nearly $364 million to help build 989 new homes in Montreal. The announcement took place at 5200 rue de la Savane, in Montreal, which received $100 million dollars through the Apartment Loan Construction Program (ACLP) to build 303 homes and will be operated by Olymbec. This rental building, named Lynk, is designed to… Read More…

  • ABB and NIEDAX Group Announce Completion of Joint Venture with the Formation of Abnex Inc.

    ABB and NIEDAX Group Announce Completion of Joint Venture with the Formation of Abnex Inc.

    November 18, 2024 ABB completed the previously announced 50/50 joint venture with Niedax Group. The Abnex Inc. joint venture (JV) will broaden solutions and advance opportunities in the rapidly growing North American cable management market. Integrating engineering and manufacturing capabilities of ABB’s Installation Products Division with Niedax Group will enable the newly formed company to deliver a… Read More…

  • Ontario Building More Electric Vehicle Charging Stations

    Ontario Building More Electric Vehicle Charging Stations

    November 18, 2024 The Ontario government is building over 1,300 new electric vehicle (EV) charging ports in small and medium-sized communities, marking a major milestone in the province’s plan to increase access to EV chargers outside of large urban centres and support the electrification of transportation across the province. As the province continues to see… Read More…

  • Ontario Investing Over $74 Million Through Next Round of Skills Development Fund Capital Stream

    Ontario Investing Over $74 Million Through Next Round of Skills Development Fund Capital Stream

    November 18, 2024 The Ontario government is launching the second round of its Skills Development Fund (SDF) Capital Stream starting November 29, with over $74 million in available funding to build, expand and retrofit training facilities for workers in the trades, including construction, manufacturing technology and health care. The government is also investing nearly $5 million from the first… Read More…