Despite the global market conditions and the lack of economic stability in much of Canada, Saskatchewan seems to be a strong leader and has shown this through the mid year financial report that shows a surplus of $2.3 billion and debt has been reduced this year by 40% to over $4 billion.
With the threat of recession everywhere, Finance Minister, Rod Gantefour, remains cautiously optimistic as oil has weakened and our economy is commodity driven.
While our economy used to be associated primarily with agriculture, we are now associated with potash, gold, uranium, nuclear energy, diamonds, oil, and the list goes on. We are finally a have province and Saskatchewan continues to outpace other provinces on key economic indicators. What does this mean? More people are still being drawn to our province. The Saskatoon real estate market has appeared to slow down and also appears to have gone down in price, however there are still many people buying houses in Saskatoon.
For more information on this please feel free to contact me anytime.
Kari Calder
Saskatoon Real Estate Agent
Century 21 Conexus Realty Ltd.