
Land & Real Estate
SASKATCHEWAN REAL ESTATE MARKET 2023 Q2
Saskatchewan realtors say housing market supply at lowest levels in more than a decade.
Saskatchewan remains a very attractive place to buy a home and land. Saskatchewan resource and agriculture sectors are attracting billions in capital investment and adding fuel to the demand for development and houses. The Saskatchewan real estate market seems to be operating in a increasingly segmented manner over the past year, with lack of supply and low inventory in residential, to commercial where supply is greater than demand and in a price-corrective process. There is a strong demand for farmland for agricultural production, as concerns of global food supply and sustainability rise. The shortage of affordable houses in prime urban areas has seen a shift by builders and developers to look there for growth opportunities.
"Sales activity slowed for the second consecutive month, contributing to a year-to-date decline of 19 per cent. Further declines in new listings kept inventory levels 36 per cent below 10-year averages for the month and the months of supply remained under four months.
Saskatoon reported a benchmark price of $372,400 in February, up from $366,000 in January and nearly three per cent higher than this time last year. "
Saskatchewan Realtors Association - Market Report
Seminar: New House Designs For Acreages
Residential Real Estate - Building & New House Construction | 2023
When: Wednesday, June 7th, 2023 7:00pm
Where: CIBC Building - 10th Floor 201- 21St. Street E, Saskatoon
Speakers:
Greg Barry - CEO of Barry Homes Developments Inc.
Rod McLellan - Economic Overview & Market Outlook - Saskinvest.com
Elena Starostenko - CIBC Mortgage Advisor
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Saskatoon Market Statistics
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Weyburn Martet Statistics
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Yorkton Market Statistics
Provided by The Saskatchewan REALTORS® Association
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