Saskatchewan income growth: the good news and the bad news

Statistics Canada’s latest income report contains some good news for the province. Saskatchewan led the country for overall income growth seeing average weekly earnings increase by 5.4%, compared to the 3.1% growth experienced nationally. Average weekly earnings in the province rose to $742.62 in December of 2007, from $704.79 in December of 2006. Saskatchewan also saw one of the largest decreases in Employment Insurance recipients.

If you’re looking for the negative nugget in this story, you could point to the fact that average weekly incomes in Saskatchewan still lag behind the national average of $782.02 and well below Alberta, the province we seem desperate to become where the average weekly income is $860.31.

Hopefully with the momentum that Saskatchewan seems to have 2008 will be the year that incomes catch up with the rest of the country.

Read the Star Phoenix coverage here

Read the StatsCan report here

I’m always happy to answer your Saskatoon real estate questions. 

All of my contact info is here. Please feel free to call or email.

Norm Fisher

Royal LePage Vidorra

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