Local News
Saskatchewan sees surge in construction investment, among highest in Canada
Saskatchewan recorded one of the strongest increases in construction investment in the country to start 2026, according to new data from Statistics Canada. Figures released Wednesday show investment in building construction in the province rose 25.6 per cent in January compared with the same month last year, ranking second nationally on a year-over-year basis. Total investment reached $650 million for the month, based on the value of spending on residential and non-residential building projects. Trade and Export Development Minister Warren Kaeding said the growth reflects continued demand tied to population increases and economic expansion. “As more money goes into the sector, we create new jobs, build houses and invest in the infrastructure we need for everyday life,” Kaeding said in a statement. The province has seen broader economic momentum in recent years, with real gross domestic product reaching a record $83.6 billion in 2024, placing Saskatchewan among the top provinces for growth. Officials also point to strong gains in private capital investment, which rose 12 per cent last year to $13.6 billion, the highest increase among provinces. The government says its investment attraction strategy, aimed at driving long-term economic growth, is helping support continued expansion in sectors such as construction and infrastructure. Statistics Canada data tracks total spending on building construction as a key indicator of economic activity, reflecting both private and public investment across the province.