Regina’s 2025 Economic Outlook: Stable Growth with Emerging Challenges
Resilient economy earns a B grade in 2025
Economic Development Regina (EDR) has given the local economy a B grade for 2025, down slightly from the B+ grade in 2024. While trade and geopolitical uncertainties pose new challenges, the Greater Regina Area’s (GRA) economy continues to show steady growth and resilience, with real GDP growth projected at 2.5%, outpacing the national average.
Jobs (B) and housing (B) maintain positive trends
With the employment growth forecast at 1.7%, and the unemployment rate falling to 5.3%, the GRA’s labour market remains among the strongest in Canada. However, the region still faces a significant skills mismatch, which costs the economy over $500 million annually. At the same time, Regina’s housing market remains strong, with average prices expected to rise 9%.
Key sectors (B-) offer a mixed story
Regina’s Agriculture and Food sectors continue to perform well, supported by investment and demand. At the same time, the manufacturing and energy sectors have experienced headwinds due to trade uncertainty and geopolitical tensions. New investments, like Cargill’s $350M canola crush plant, are paving the way for future growth, even as other major projects remain paused.
Population growth (A-) offers opportunity
Regina continues to attract newcomers, with the population expected to reach 293,000 in 2025. While this growth fuels local labour and consumer markets, the GRA will need to continue its focus on population growth and retention.
Overall, Regina enters 2025 with cautious optimism, backed by a solid foundation, and a strong focus on taking on headwinds.
