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Home More Real Estate

Saskatoon real estate market slows but still healthy, says realtors association – Saskatoon

by Trading How
October 11, 2021
in Real Estate
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Saskatoon real estate market slows but still healthy, says realtors association – Saskatoon
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By
Montana Getty


World Information


Posted October 10, 2021 4:57 pm

Whereas the actual property market in Saskatoon has slowed down, costs of homes have gone up.

On a year-to-date foundation, residential residence costs have gone up by eight per cent, in response to the Saskatchewan Realtors Association (SRA).

Learn extra:
Healthy housing market in Sask. despite sales drop in August, says realtors association

Nevertheless, gross sales have slowed down in comparison with 2020, which noticed record-high numbers.

Chris Guerette, CEO of SRA, says the market was not typical final 12 months due to the pandemic.

Learn extra:
Feds pledge $7.6M to build affordable housing in Saskatoon

“So what we’re seeing here’s a market that’s nonetheless very well being in Saskatchewan, though we might preserve a pointy eye on stock ranges.”

Story continues beneath commercial

Though gross sales and provide ranges have fluctuated, the actual property market stays comparatively impartial for the reason that new-listings-to-sales ratio nonetheless stays over 60 per cent.




© 2021 World Information, a division of Corus Leisure Inc.





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