As Saskatchewan's most populous city, Saskatoon has a population of over 257,000 and a metropolitan area with over 300,000 people. Saskatchewan has a fast-growing population, which gives it a burgeoning economy and considerable job creation. Saskatchewan residents benefit from a low cost of living, including monetary benefits such as partial tuition rebates to post-secondary graduates. Saskatchewan also has low taxes when compared to the rest of Canada.
Though Saskatoon has been known to have higher housing costs than other parts of Canada, thanks in part to a declining real estate boom, the real estate market has been healthy in recent years.
Saskatoon, SK Job Opportunities
Saskatoon's major employers include the Saskatoon Health Region and the University of Saskatchewan. Technology, environment, and life sciences are all major industries in Saskatoon, thanks to Innovation Place, a science park that has over 150 companies nested within it.
With an economy and culture that attract new business growth, jobs in business, especially management and finance jobs, are expected to see growth in the next several years.
The transportation and distribution industry in Saskatoon has a major advantage: Saskatoon's location at the heart of Canada puts it central to many distribution routes. It also has a thriving aerospace industry, and its airport, the Saskatoon John G. Diefenbaker International Airport, ranks in Canada's top 20 busiest airports.
Saskatoon, SK Employment Trends
As Saskatchewan attracts a larger population, Saskatoon benefits from its position as Saskatchewan's largest city. Saskatoon has a projected unemployment rate of between 4 and 4.5 per cent through 2019, considerably lower than most of the rest of Canada. Saskatoon is focusing on attracting new businesses, and it has issued thousands of new business licenses in the past few years. Watch out for oil prices when searching for jobs in related industries, as falling oil prices may have a negative impact on the economy of Saskatoon, SK's.