Regina Prosperity Matrix Q2

Regina’s economy continued on an upward path in Q2, with the overall index climbing to 58 from 56. This gain was driven largely by consumer strength – more people were shopping, spending, and working in retail – pushing the Consumption Index up to 93 from 89. While manufacturing sales dipped, the sector showed resilience: layoffs were avoided and wages held steady, signalling short-term stability. Nationally, a stronger-than-expected labour market in June helped the Bank of Canada hold its interest rate at 2.75% despite U.S. trade pressures. Closer to home, Regina’s housing market remained hot. Benchmark prices hit new highs, rental rates continued to climb, and inventory shrank. These pressures pushed the Housing Index down and contributed to a dip in the Household Affordability Index, now at 60 from 63. Looking ahead, Regina’s momentum is promising – but tackling housing affordability, easing access to credit, and keeping cost-of-living manageable will be critical to ensuring long-term inclusive growth.