This is a great time to lock into your mortgage with rates like these! Prime rate of 3% is a great way to stimulate the Canadian economy. Finally it is a great time to buy more house at a lower cost which is a very rare opportunity. There is definitely a window open to buyers to get into the Saskatoon real estate market right now that wont be around forever. There are plenty of choices for home buyers in every price range of houses for sale in Saskatoon whereas even a year ago there was less than a quarter of the selection.
Just 2 years ago a buyer could not put a condition of financing on a home for sale in Saskatoon much less the condition of having a home inspection done, but that heat is over and now is a great and safe time to buy. Interest rates probably won’t go any lower! Prices of houses for sale in Saskatoon, however, will not stay soft forever. Prices seem to be stabilizing in the Saskatoon housing market now that many of the desperate sellers have sold their Saskatoon homes.
Kari Calder
Saskatoon Real Estate Agent
Century 21 Conexus Realty Ltd.