The Conference Board of Canada announced today that Saskatoon will replace Calgary as Canada’s economic growth leader in 2007. Calgary has topped the list of Canadian municipalities for the last two years.
The Conference Board’s website provides this single highlight from their “Saskatoon: Metropolitan Outlook” report which sells for $725. “This year’s real GDP growth of 4.7 per cent in Saskatoon will prompt employment to advance by 4.8 per cent.”
CBC’s web coverage can be found here
Of course, this is excellent news for a market which has seen housing price increases in excess of 50% in almost all housing categories. For months, many have been asking “when will the rest of the economy catch up?” Perhaps your raise is on its way.
A tip of the hat to “Jedi” for the heads up on this story.
Read also: RBC predicts solid economic growth for Saskatchewan in 2007 & 2008
I’m always happy to answer your Saskatoon real estate questions.
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Norm Fisher Royal LePage Vidorra