Just when I think that most of us have a grasp on the media and how they focus on the negativity I hear another person saying ‘well I heard in the news that…’ and they trust in it 100%. It is one thing for an ‘analyst’ to sit in his office across the country looking at data, but it is another to live here and to understand all of the facets of what affects our economy. People tend to focus on what is bad in the news and choose to look over the good. If we simply listened to the news that states that housing starts are down 69% from 2008 and focused on that point we would neglect to think about the fact that the housing starts in 2008 were at an all time high. These stats don’t really give an appropriate account for our market when the last part of 2007 and 2008 have thrown our numbers off. Certain people talk about sales declining, but Saskatoon home sales have seen a great increase in market activity so far in 2009 compared to the summer and fall of 2008 Although economists in Toronto still think that house prices will drop in Saskatchewan we have to keep in mind that they are in Toronto.
Between now and 2010 it is the best time to buy a house in Saskatoon. I believe that all of our excess inventory will tighten up once 2010 hits so that will mean a more balanced Saskatoon real estate market and a more gradual increase. There are others who are even more optimistic and believe that Saskatchewan hasn’t seen anything yet in terms of market growth and house sales in Saskatoon.
Saskatoon Real Estate Agent
Century 21 Conexus Realty Ltd.