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Get ready to grow, Saskatoon — but maybe not quite as fast as you have been.

A new City of Saskatoon report predicts Saskatchewan’s largest city will crack the 300,000 population mark in eight years and reach 380,650 by 2035. Those projections are based on an average annual growth rate of two per cent.

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The latest estimate represents a downgrade from the last projection in 2012, when the city was forecast to grow to 385,411 by 2032, presuming a 2.5 per cent growth rate.

The city’s population is also expected to get older.

“As much as the population growth detailed in this projection will keep Saskatoon young, there will be significant changes in the aging population as well,” the report says. “The aging of the demographic baby boom (the population born between 1946 and 1965) will swell the population aged 65 and over to nearly double its current size.”

Saskatoon’s senior citizen population is expected to grow from 33,000 in 2015 to 56,000 in 2035, regardless of the overall growth scenario.