Sask. construction growth ranks second in Canada
Saskatchewan recorded the second-highest year-over-year increase in building construction investment among the provinces in January, according to figures released by Statistics Canada.
Seasonally adjusted investment in building construction in Saskatchewan rose 25.6 per cent from January 2025 to January 2026, reaching $650 million, the provincial government said in a March 19 news release.
Trade and Export Development Minister Warren Kaeding said the increase reflects continued growth in the province.
“With more and more people choosing to call Saskatchewan home, our construction industry is reaping the rewards,” Kaeding said in the release.
He said increased investment in the sector helps create jobs, build housing and support infrastructure needed by communities.
The province said investment in building construction is based on the total spending value on building construction within Saskatchewan.
The government also pointed to other recent economic indicators. Statistics Canada’s latest gross domestic product figures show Saskatchewan’s real GDP reached a record $83.6 billion in 2024, ranking second in Canada for real GDP growth and above the national average of two per cent, the release said.
Private capital investment in Saskatchewan also rose 12 per cent last year to $13.6 billion, which the province said ranked first among the provinces.
The government attributed part of that growth to its investment attraction strategy, Securing the Next Decade of Growth.