A recent article published in the Saskatoon Star Phoenix indicates that Saskatchewan lead the nation in income growth between November 2006 and November 2007. The article indicates employment earnings increased an average of 6.9 per cent. This number is significantly higher than our neighbors with Alberta sitting at 5.6 per cent and Manitoba at 5.8 per cent. This is extremely important news for Saskatchewan residents and especially for those looking to purchase real estate. One of the major concerns that is being echoed throughout our province is that with the dramatic increase in real estate no one will be to afford a home with Saskatchewan salaries. With the Saskatoon real estate market leading the charge and with growth of over 52% last year alone people have expressed concern. There is an indication that salaries are increasing in our province though which is important to balance the increasing costs of living. Our economy is helping drive the increase of real estate. We just need to hope that salary increases keep up fast enough to the increasing costs of living.
Kari Calder
Saskatoon Real Estate
Century 21 Conexus Realty Ltd.