From Ben at the economic analyst
Eventually the boom in construction and real estate will end. Where do all these excess construction workers go to work? Mining and energy jobs account for 5% of Saskatchewan's working population. So that sector is too small to absorb those jobs. But for the fun of it, lets say that resource jobs double in the next three years ( highly unlikely), where are most mining and energy jobs found?
2007 numbers :
Mining employed 2250 people in Saskatoon. Percentage of the working population 1.6%.
Construction employed 8800 people in Saskatoon. Percentage of the working population 6.5%.
I don't have mining numbers but I would expect the percentage to be under 2%, while construction numbers are just under 9% of Saskatoon's working population.
So will resources save the excess construction jobs when the building boom is done? NO. You can guess what that will do to the housing market in the major centers.