Whereas the actual property market in Saskatoon has slowed down, costs of homes have gone up.
On a year-to-date foundation, residential residence costs have gone up by eight per cent, in response to the Saskatchewan Realtors Association (SRA).
Nevertheless, gross sales have slowed down in comparison with 2020, which noticed record-high numbers.
Chris Guerette, CEO of SRA, says the market was not typical final yr due to the pandemic.
“So what we’re seeing here’s a market that’s nonetheless very well being in Saskatchewan, though we might preserve a pointy eye on stock ranges.”
Though gross sales and provide ranges have fluctuated, the actual property market stays comparatively impartial because the new-listings-to-sales ratio nonetheless stays over 60 per cent.
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