Saskatoon is the largest city in the province of Saskatchewan, Canada
- Fastest growing city in 2013, with 6.5% GDP growth
- Number 2 in Canada for Best Places to Run a Business (Canadian Federation of Independent Business)
- Second fastest growing city by population at 3.9%, while Canada’s rate was at 1.2%
Mining and EnergySaskatchewan has almost two-thirds of the world’s recoverable potash reserves and is the world’s second largest exporter of uranium. The Saskatoon region alone has seven potash mines in operation. Province wide, the industry is planning $20 billion in mine expansions over the next 20 years. Saskatchewan’s value of mineral production was $7.2 billion in sales in 2013.
This Sector is a key economic driver for the region and the reason many of Canada’s largest mining companies are headquartered here in Saskatoon. Many local companies have developed innovative products and services to support the local market and are bringing this expertise to the rest of the world.Saskatchewan is Canada’s 2nd largest oil-producing province, and the fifth largest oil producer among all American states and Canadian provinces. Saskatchewan is also the third largest producer of natural gas in Canada. Oil production last year set a new record of 177.9 million barrels, or 487,400 barrels per day. That’s up from the previous record of 172.9 million barrels or 472,500 barrels per day set in 2012. Drilling activity also set a new record. The province reported that 2,433 horizontal oil wells were drilled last year, surpassing the 2,036 horizontal oil wells drilled in 2012.
ConstructionA significant amount of construction investment continued to spur growth in the region, with over $1 Billion invested in the past year. Driven by employment and population growth, the demand for housing in Saskatoon continues at a significant rate. Following a record year in 2012, the number of housing starts returned to the 2011 levels with housing starts at 2,980 units in 2013.
The value of non-residential construction permits rose again for the fourth year in a row. Commercial construction remained high, with $97M invested in new construction and $68M on improvements.Of the total projected capital investment in Saskatchewan for 2014, $11.9 billion will be in non-residential construction and $3.6 billion is for residential construction – according to Statistics Canada.
Transportation & LogisticsSaskatoon is the commercial and manufacturing centre for Saskatchewan, and was identified as one of Canada’s “Hub Cities” by the Conference Board of Canada. From its central location, the Saskatoon Region has excellent highway, air, and, rail transportation links to markets throughout North America. The region also has a highly competitive warehousing and distribution market with over 60 different trucking companies.