Consumer Spending

Consumer spending has been strong in Saskatchewan during the past decade. Low interest rates, along with low and stable rates of inflation, have contributed to this trend.

From 1991 to 1999, Saskatchewan saw an average increase in retail sales each year of 4.9%, which is slightly higher than the national rate of 4.8%.

Investment

New capital investment increases our province’s productivity, generates economic growth and raises living standards.

Saskatchewan experienced a considerable increase in private capital expenditures during the last decade. Public capital expenditures remained relatively stable.

Low commodity prices for energy, mining and agriculture have reduced the amount of public and private sector investment since 1998.

Housing Starts

From 1991 to 2000, housing starts in urban centres grew at an annual rate of 19.8%. Housing starts in rural centres grew by 8.9%.

Over the long term, the province’s changing demographics will influence homebuilding activity. As baby-boomers continue to age, they will tend to move from their homes into condominiums and eventually into assisted-living developments creating niche market opportunities.

Read on . . .