There have been two recent reports on the Saskatoon housing market, and home prices in 2015. SRAR, and Royal LePage have both released their data and comments.
Royal LePage’s fourth quarter 2015 Market Survey has been completed. The results in Saskatoon actually showed a small uptick in Residential home prices. The stats showed an increase of about 1% in the aggregate home price year-over-year. This seems to be a bit contradictory to the recent Stats issued by SRAR that showed a 1% decrease on average in Saskatoon. However, these are different data collection methods and different statistics. So, we would expect different results.
We think the overall message is pretty much the same. Home prices are relatively flat in Saskatoon. At Royal LePage Saskatoon, we think this indicates that the local market is performing reasonably well, given some of the economic challenges in Western Canada. Most notably, $30 oil. It’s hard not to get a bit excited when we see cheap gas at the pumps. But, for many of us, the impact is negative.
Here’a a link to the Royal LePage release:
And, here’s a link to the SRAR release:
If you are interested in the market and have any questions, feel free to direct them to Matt Miller, Associate Broker at Royal LePage Saskatoon (firstname.lastname@example.org, 306-260-4720).