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Saskatoon Real Estate Market on the Rise
A recent article in the Western Investor, called “Saskatoon real estate set to soar: forecast” gives us an inside look to where the real estate trends are headed in the very near future.
This article is predicting that the Saskatoon Real Estate is becoming one of Canada’s hottest real estate markets in the coming year, and it’s being ranked as #4 in the country, just behind Vancouver, Toronto, and Montreal. This is a wonderful feat, given the vast population differences between Saskatoon and the 3 others.
We can expect – according to PricewaterhouseCoopers Canada (PwC) and the Urban Land Institute – that foreign and domestic investors will take interest in Saskatoon, creating an attractive market. So, what gives? Where are these predictions coming from?
Saskatoon is full of resources, from uranium, to barley, to oil. According to Chris Potter, a Toronto-based partner at PwC Canada, “The oil industry doesn’t end at the Alberta-Saskatchewan border. Agriculture and timber are doing well, too, demand which will help push manufacturing”. We can be prepared for head offices closing up shop in other major cities across Canada, and making their way into Saskatoon, which could potentially open up more jobs, creating even more opportunity for those who live here, and those who are making the move. Last year, Saskatoon ranked #8 in the Country, giving us a 4 spot jump. This is great for the Saskatoon Real Estate Market.
The future is bright! Have questions about buying or selling your home? #AskSlade slade@sladerealestate.ca
