Through 2022 Saskatchewan enjoyed significant gains in commodity pricing with both wheat and uranium increasing 30% year over year (September 2021 – September 2022), while the price of potash increased by a staggering 167% through the same period. The surge in commodities has had a direct impact on Saskatoon’s retail sector with retail sales growth topping 10.0% in 2022 and unemployment reaching a low of 4.0%. Although forecast projections for many Canadian metropolitan centres are bearish, the fundamental economic drivers of Saskatchewan/Saskatoon remain promising with little indication of slowing in 2023 and beyond.
CWS Q4 2024 Saskatoon CBD Office Marketbeat Report
Saskatoon’s Central Business District office market continues to adapt in 2024, with landlords implementing aggressive strategies to attract tenants despite challenging conditions. These strategies include