Saskatchewan's Building Construction Growth Leads the Country

CANADA, May 27 - Released on May 26, 2025

Province ranks first year-over-year for investment in building construction

Today, Statistics Canada numbers show an increase of 27.8 per cent in March 2025 compared to March 2024 for building construction investment in the province. This places Saskatchewan first among the provinces for year-over-year growth.

"It is clear Saskatchewan remains the destination of choice, whether for business or for those looking to put down roots here," Trade and Export Development Minister Warren Kaeding said. "The continued growth in building construction is leading to more jobs and opportunities for Saskatchewan people, reflecting the strength of our provincial economy."

Residential and non-residential building construction increased 29.8 per cent and 24.2 per cent respectively for March 2025 compared to March 2024.

Investment in building construction is calculated based on the total spending value on building construction within the province. 

Statistics Canada's latest Gross Domestic Product (GDP) numbers indicate that Saskatchewan's real GDP at basic prices reached an all-time high of $80.5 billion in 2024, increasing by $2.6 billion, or 3.4 per cent. This places Saskatchewan second in the nation for real GDP growth and above the national average of 1.6 per cent.

Private capital investment in Saskatchewan increased last year by 17.3 per cent to $14.7 billion, ranking first among provinces. Private capital investment is projected to reach $16.2 billion in 2025, an increase of 10.1 per cent over 2024. This is the second highest anticipated percentage increase among the provinces.

Last year, the Government of Saskatchewan 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. 

For more information visit InvestSK.ca.

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