Recently I was interviewed by point2homes.com about Saskatoon’s ever changing real estate market and the effect that this current market has on buyers. Our Saskatoon market has been showing strength and stability in a sea of vulnerability found in other Canadian markets.
If I could describe our market in just one word, I’d say ‘balanced’. There are more listings than ever however large home building companies are appreciating our value as REALTORS® which adds to the total number of listings we see. Pricing and exposure are key elements in this market.
Areas that are popular with first time home buyers continue to be new areas such as Evergreen or Kensington. Generally speaking, I’m finding those buyers that have bought and sold previously, are more interested in established neighbourhoods with good schools, lots of trees, and often larger lots.
The vacancy rate in Saskatoon is high right now however I would always recommend buying vs. renting. You’re building up equity for yourself and not someone else!
My biggest advice for first time buyers is to find a trusted Saskatoon REALTOR® who will advocate for you and guide you along the way. Don’t overextend yourself financially and be realistic about what your budget will allow.
Saskatoon is an awesome place to live, and one I’m glad to call home. There are so many great restaurants, events, and places to explore that if Saskatoon is new for you-I’m certain you will love living here too.
Read my full article here: http://www.point2homes.com/news/canada-real-estate/saskatoon-market-insights-with-kari-calder.html
Saskatoon real estate agent
Century 21 Fusion