Although the Vacancy Rate in Saskatoon has went from 0.9% in April of 2008 to 1.9% in April of 2009, the average price for a rental property in Saskatoon has also gone up by approximately $100/month. The average price for an apartment for rent in Saskatoon last year was $689 while in 2009 the average price is now $790. So, although rental accommodation in Saskatoon is slightly easier to find, it is also harder on the pocket book.
With the increase in the rent prices in Saskatoon some have been forced to double up to reduce costs, move in with friends, etc.
This rent increase, however, is making buying a house for sale in Saskatoon much more appealing. Houses for sale in Saskatoon are still very easy to find, combined with a low interest rate and a decreased marketing, buying a house for sale in Saskatoon is much easier to do than it was a year ago.
Not everyone is in a situation where they can afford to buy a house for sale in Saskatoon nor is everyone in a situation where they have good enough credit to buy one of the many houses for sale in Saskatoon, but there are ways to improve your credit and to improve your financial situation so that you can eventually buy a house in Saskatoon.
Sometimes a poor decision with your finances a few years ago is preventing you from being able to buy your own house in Saskatoon. Sometimes a life situation (divorce, separation, etc) forces you to have to rent, but with the high prices of rent combined with the (sometimes) low prices of houses for sale in Saskatoon, it isnt impossible out unattainable by many people who think it hopeless.
It is important to speak to a really good Saskatoon mortgage broker to see what steps you need to take to get into a situation where you can eventually buy a house for sale in Saskatoon. Even if it takes a year to clean up your credit and you have to buckle down and make some life and lifestyle changes, that could be a lifetime of building equity in your house in Saskatoon instead of paying someone elses mortgage.
I have dealt with many clients who had some credit problems in the past, but with the right people to talk to and to provide some direction, many of these clients are now home owners in Saskatoon. With all of the houses for sale in Saskatoon there is still time to buy your own.
I am always happy to visit with people on the process of buying a house in Saskatoon and surrounding area and to provide the names of some great mortgage brokers who may help you achieve your dream of owning a home in Saskatoon.
Call me or email me, I look forward to hearing from you and hopefully helping you achieve your dream of owning a house in Saskatoon.
Kari Calder
Saskatoon Real Estate Agent
Century 21 Conexus Realty Ltd.