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Saskatchewan housing starts jump more than 30 per cent

According to the latest data from Statistics Canada, Saskatchewan ranks third among the provinces for housing starts in July 2024 compared to July 2023. These figures highlight the province’s thriving economic landscape and its commitment to fostering growth and development that works for everyone.

“Saskatchewan’s strong performance in housing starts reflects our ongoing commitment to drive economic growth across the province,” Trade and Export Development Minister Jeremy Harrison said. “This growth shows that our efforts to create a competitive and stable business environment, while attracting record new investment is paying off. The province is well positioned to capitalize on emerging opportunities into the future, ensuring Saskatchewan remains a great place to live, work and raise a family.

July 2024 saw housing starts increase significantly by 30.4 per cent compared to July 2023. This is paired with a substantial increase on single family dwellings of 39.5 per cent (from 86 units to 120 units), and multiple units increased by 28.3 per cent (from 378 units to 485 units), compared to July 2023.

Both of Saskatchewan’s major cities saw year over year gains with Regina seeing a very large gain of 317 per cent, and Saskatoon seeing a 23 per cent increase in July 2024 compared to July of 2023.

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

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