New Home Prices Rise In Saskatoon Despite The Recession

According to Statistics Canada the price for a new home in Saskatoon and area rose by 0.8% from December 2008 to January 2009. The federal agency’s new housing price index report also showed that from January 2008 to January 2009 that Saskatoon new home prices dropped 2.7%. Nationally new home prices dropped 0.6 % from December to January. Despite no month to month change on new home prices in Regina, the prices rose by 21.7% from January 2008 to January of this year.

Consumers do need to be aware that average house price in Saskatoon can be a bit deceiving as this reflects all areas of the city as well as all types of houses, but new home prices from area to area aren’t as drastic. Although, from Hampton Village to Willowgrove consumers may see a $30,000-$50,000 price difference favoring Willowgrove for its east side location away from the airport. So keep in mind with average house prices in Saskatoon that one month may see a lot of low priced condos sell while the following month there may be many high end homes in Saskatoon that have sold.

Read the star phoenix article here.

Kari Calder
Saskatoon Real Estate Agent
Century 21 Conexus Realty Ltd

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