Moneysense recently came up on the hottest real estate markets in Canada and Saskatoon was #6 on the list. Amazingly to me Regina was #2?! Those of us true Saskatoon people would always say that Saskatoon is waaaaaay better than Regina but according to this article in Moneysense they had other criteria.
Taking first place for the second year is Moncton, NB. Houses are affordable and incomes are respectable. It is about half the size of Saskatoon and growing. Average house price here was pegged at $163,000.
Second place, as mentioned, is Regina and mainly because of its economy and lowest unemployment rate in Canada. Average house price takes quite a jump to $260,000. Regina was recently made a new Asia-Pacific gateway with the opening of a large grocery warehousing and distribution hub which added 800 new jobs to the city.
Third, fourth and fifth were Fredricton, NB, Winnipeg, Man and Saint John, NB respectively. Seems like NB is the place to live!
Saskatoon comes in at number 6 and mainly because of Saskatoon’s hot economy. We received the highest mrks for growing industry and rock bottom unemployment rate. We are the world’s largest potash producer and are home the one of the world’s largest publicly traded uranium companies (Cameco) but we are also growing in the technology and health sciences sectors. Most people don’t realize the impact of Innovation Place on the city.
From there we have Gatineau, Que with its government workers, Charlottetown, PEI which now boasts more than lobster and potatoes with its gorgeous historical homes and low home prices, and 9th on the list is St. John’s, NL and offshore oil industry and a nicel processing plant near by.
This article doesn’t mean that these are the city’s that you will get the best deals. This article shows best economies and growth. Our Saskatoon house prices aren’t a deal but our economy supports the prices and with all the different sectors the Saskatoon economy should remain strong for years to come. Our Saskatoon real estate market is a busy one and right now it is a balanced market so that means it is neither a buyer’s market or a sellers market but that there is enough product for both.
If you are looking to get into the Saskatoon real estate market I work with first time home buyers in Saskatoon, investors, clients looking to move up or looking to downsize. I work with all types of buyers and enjoy working with people to find their dream home or at least to find something suitable for their needs.
If you are looking to put your house for sale in Saskatoon let me tell you about the Century 21 difference and how I will do my best to get you top dollar for your house. Working with a Century 21 Saskatoon real estate agent who takes part in the weekly meetings and Caravan system are a huge benefit to getting your home the exposure it deserves.