The following is an excerpt from the report on Saskatchewan: Although RBC’s affordability measures for Saskatchewan continue to be above their long-term averages, widespread improvement was recorded in the third quarter. The measures fell for all housing types—between 0.8 and 0.9 percentage points—and reversed part of the increases (in some cases, substantially) from the previous quarter. Saskatchewan home buyers seem fairly comfortable with current affordability levels. Indeed, they were quite active in the third quarter, with resales rising nearly 6% from the second quarter to their highest levels in two years. Hefty gains were seen in Saskatoon and, to a lesser extent, Regina. Home prices in the province maintained their steady ascent, showing modest gains for most housing types. The Saskatchewan housing market will continue to be well supported by strong economic growth in the coming year.

Although the report lacks commentary on the Saskatoon market, the charts on page 8 of the report show slight improvements for the percentage of income required to carry a mortgage on a Saskatoon home, in spite of marginally higher prices.

Read the entire report here.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Interested in the value of your Saskatoon home? Grab a FREE Market Snapshot that includes sale prices of recently sold homes in your area. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

Spurred in part by a decline in homeownership costs, Saskatchewan home buyers resumed house hunting in recent months with home resales in the province rebounding since August and reversing most of its slide in the first half of this year. The earlier softening of activity, nonetheless, had a linger- ing effect on home prices in the third quarter, which fell across all housing types relative to the second quarter. In turn, this lingering effect, along with lower mortgage rates, contributed to a significant improvement in affordability. The RBC Affordability Measures dropped between 1.8 and 2.2 percentage points, which was the most since early 2009. While lower than they were a year ago, the measures are still modestly above their long-term average, thereby suggesting to us that current market conditions are stretching homebuyers’ budgets to a degree. However, those budgets are likely to be boosted from a strong expected rebound in the provincial economy and, thus, family income this year and next.

Read the full RBC Housing Trends and Affordability study here.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

Canadians from coast to coast saw a higher percentage of their income going towards housing costs in the second quarter of 2010, largely driven by an increase in house prices and mortgage interest rates when compared against the first quarter. This marks the fourth consecutive time that RBC’s “Housing Affordability Measure” rose. According to the Housing Trends and Affordability report released by RBC Economics this morning, the increases have managed to consume roughly half of the improvements experienced in late 2008 and early 2009 when house prices in most areas of Canada cooled significantly.

The deterioration in affordability was seen across the country with the worst of it experienced in Ontario and British Columbia with the remaining provinces seeing “minor erosion.” Only Saskatchewan and Manitoba experienced some improvements, though they were limited to townhomes in the former and condominiums in the latter.

In Saskatchewan

“While home resale activity in Saskatchewan has been on a declining trend in recent months, home prices have held up to a large extent. In the second quarter, prices either appreciated moderately or edged lower just marginally, depending on the housing type. With mortgage rates rising during the quarter, affordability generally eroded some more in the province. RBC Housing Affordability Measures moved up between 0.6 and 1.5 percentage points (townhouses bucked the trend, edging lower by 0.1 percentage points). These increases pushed levels further above long-term averages, thereby indicating that some tensions may be building in the provincial market. Nonetheless, we expect that a strong rebound in the provincial economy this year and next will likely help ease such tensions.”

Read the entire report here.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Norm Fisher
Royal LePage Saskatoon Real Estate

Regionally, the greatest erosion in housing affordability occurred in Saskatchewan and Manitoba.

Owning a home in Saskatchewan took a bigger chunk of household budgets in the first quarter. This more than reversed a small decline in the last three months of 2009. RBC affordability measures rose between 0.9 and 1.6 percentage points, representing some of the stronger increases in the country (although trailing far behind British Columbia). After flattening or declining marginally in previous quarters, housing prices picked up notably in the province in the first few months of this year; however, with sales slowing and the number of homes available for sale growing more recently, further price increases are unlikely to be as hefty in the near term. Despite the deterioration in the first quarter, affordability measures remain well off the peak levels of early 2008 – which were also the all-time highs in Saskatchewan.

Read the full report here.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Real estate geeks can follow our daily updates on Twitter @norm_fisher.

Our Saskatoon home search tool offers MLS listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

The big bounce in resale activity that took place during the spring and summer of 2009 in Saskatchewan showed signs of letting up late in the year, just as more properties were listed for sale. This put a damper on price increases recently, which allowed affordability to improve further in the province. In the fourth quarter of 2009, RBC measures fell between 0.1 and 1.1 percentage points (for condominiums and townhouses, respectively), in most cases extending the sharp declining trends since about the middle of 2008. Nonetheless, the cost of home-ownership remains historically high in Saskatchewan, with the unprecedented surge from late-2006 to early-2008 only partly reversed. This might not be cause for concern, however, considering that housing prices that prevailed prior to the boom were likely depressed by unfavourable migration flows, which have since turned around.

Housing affordability in Saskatoon also improved, though far more modestly when compared to the whole province.

Read the full report here.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Real estate geeks can follow our daily updates on Twitter @norm_fisher.

Our Saskatoon home search tool offers MLS listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

The string of significant improvements in housing affordability in Canada finally came to an end in the third quarter. RBC’s affordability measures rose at the national level for the first time in six quarters for all housing types.

All provinces and major metro markets shared in the deterioration in affordability in the third quarter. British Columbia, especially Vancouver, posted the biggest increases by far in the RBC measures. Toronto and Calgary also recorded notable increases for some housing types, while the rise in the cost of home ownership in the rest of the country has generally been modest.

After steadily improving for more than a year, housing affordability in Saskatchewan deteriorated modestly in the third quarter, with RBC’s affordability measures climbing between 0.5 and 1.0-percentage points. This reflected higher mortgage payments that have resulted from the small increase in mortgage rates as well as stronger property values in many areas of the province. While the cost of home ownership declined substantially in the past year, it remains historically high in the province, as it has only partly reversed the unprecedented increase registered during the boom from late-2006 to early-2008. However, levels that prevailed prior to the boom might have been depressed by previously unfavourable migration flows, which have since reversed. Overall, resale activity in Saskatchewan continues to carry tremendous momentum, being especially vigorous in the past few months with levels close to the records set in late-2007 and early-2008.

Read the full RBC report here.

Thanks to Jen for the heads up on the release of this report.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Real estate geeks can follow our daily updates on Twitter @norm_fisher.

Our Saskatoon home search tool offers MLS listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

Housing affordability improved in Canada for the fifth consecutive quarter during the second quarter…At the national level, affordability has now been restored to pre-housing boom levels (that is, those prevailing in late 2005-early 2006)… However, this restorative phase of the affordability cycle is likely running out of steam. The two major contributors to the significant improvement during the past year or so — the decline in mortgage rates and the drift down in prices — appear to have reached turning points.

Homeownership continued to become more accessible in Saskatchewan in the second quarter with RBC’s affordability measures falling between 0.4 and 1.4 percentage points. The measures have retreated considerably since their peaks early last year. However, they are still some distance above long-term averages, although these averages might have been depressed by previously unfavourable migration flows that have since been reversed. Certainly, the current levels of affordability do not appear to have been an obstacle to buyers taking the plunge in recent months. Sales of existing homes in the province have rebounded smartly, up by more than 50% since their low in March. If sustained, this will eventually heat up property prices, which are still trending modestly, lower.

This graph shows the recent affordability trend for the four Saskatoon housing types that RBC tracks and reports on, in comparison to the historical norm for the area. The figures shown on the graph represent the “proportion of median pre-tax household income required to service the cost of mortgage payments (principal and interest), property taxes and utilities” on the various housing types. So, of course, the lower the figure, the more affordable the homes are.

Saskatoon housing affordability trend compared to long-term historical norm.

Read the full RBC report here.

Thanks for the heads up to my friend Larry Yatkowsky who runs Yatter Matters where he blogs about the Vancouver real estate market.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Real estate geeks can follow our daily updates on Twitter @Norm_Fisher.

Our Saskatoon home search tool offers MLS listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Improved affordability lifts Canada’s housing markets

Housing affordability greatly improved in the first quarter of this year; RBC’s affordability measures for all housing types recorded some of their biggest quarterly declines on record (the lower the measure, the more affordable homeownership is). At the national level, the improvement ranged from 2.8 percentage points for standard condominiums to five percentage points for two-storey homes.  At the major city level, the decline was as large as 8.6 percentage points (for Vancouver’s two-storey homes).  This third consecutive quarterly improvement in affordability has reversed much — although not all — of the deterioration that occurred during 2006-2007 when Canada’s housing markets reached a boiling point.  In most areas of the country, RBC’s affordability measures have now returned to, or near, long- term averages, which is consistent with more solid market fundamentals.

Saskatchewan — Finding balance

RBC’s affordability measures for Saskatchewan declined again in the first quarter – between 2.5 and 3.3 percentage points – making the year-over-year drop among the largest on record for the province.  Saskatchewan’s housing market now appears to be negotiating its way quite deftly towards a more sustainable level of activity, putting to rest earlier concerns that it might crash following the 2006 – early 2008 boom.  Moderately stronger sales of existing homes this spring — after bottoming at the start of this year at still-elevated levels — and a slower pace of properties being put up for sale have restored some balance into the market.  This is further helped by considerably weaker construction of new housing units in the first four months of 2009, which will bring fewer new units onto the market.  The return to balanced market conditions should help stabilize prices in the period ahead.

Read the full report here.Other posts related to past RBC reports can be found here.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @Norm_Fisher.

Norm Fisher
Royal LePage Saskatoon Real Estate

As we head into the all-important spring season, the ongoing cyclical correction will put the entire housing sector to the test. However, while the pain will likely persist for many homeowners and industry participants, there are encouraging signs on the affordability front in light of developments through the fourth quarter of 2008. The sharp deteriorating trend in RBC’s affordability measures from about 2004 to late 2007-early 2008 has reversed in the past year. At the national level, the RBC measures improved 2.3 to 3.5 percentage points between the final quarters of 2007 and 2008, with markets in Alberta and British Columbia showing more sizable repair (although this largely reflects the extent of the earlier impairment).

The improvement can be primarily credited to monetary policy during that period because lower mortgage rates account for the largest portion of the reversal in RBC’s measures in almost all major urban areas in Canada except for cities in Alberta. Rising family income also contributed positively across the country.

Only in Calgary, Edmonton and Vancouver was price a constructive factor in the year-over-year change – although price has played a wider beneficial role in recent more quarters. Higher utilities and property taxes have remained a modest undermining factor.

Going forward, low mortgage rates and persisting downward pressure on housing prices will continue to help repair affordability, but slowing income growth will act as a restraint.

Saskatchewan — Boom is over but no bust

The housing boom is officially over in Saskatchewan. Market activity has cooled considerably from the frenzied pace of 2006-early 2008 and prices have begun to come off the heights they reached during their spectacular run-up. However, the post-boom period so far has been a mostly orderly affair thanks to the province’s largely supportive economic and demographic fundamentals (Saskatchewan’s economy is the strongest in Canada and is forecast to remain so during 2009). These positive factors overshadow extremely poor affordability levels that have resulted from the spike in prices of recent years. While lower mortgage rates, income gains and, in more recent quarters, lower prices have helped improve affordability in the past year, RBC’s measures remain at worrisome levels compared to historical averages. This represents an element of risk if the province’s economic performance is weaker than expected.

Read to entire report here.

Good news, bad news for home buyers: Star Phoenix

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @Norm_Fisher.

Norm Fisher
Royal LePage Saskatoon Real Estate

RBC’s recently released “Housing Trends and Affordability” study suggests that housing affordability in the province saw some modest improvements over the third quarter but the Saskatchewan housing market is experiencing a “hangover” after a year of partying hard.

“Like Alberta and British Columbia before it, Saskatchewan is about to feel the downside of frenzied markets. Housing demand in the province greatly benefited from the red-hot prairie economy (thanks largely to strong demand and prices for commodities) and the inflow of people into the province. However, housing markets got carried away as skyrocketing prices significantly overstepped historical relationships with household income. RBC’s provincial affordability measures spiked in all housing segments last year, reaching the poorest levels on records dating back to the mid-1980s. As is often the case, a wild party ends with a hangover and Saskatchewan’s fête last year will be no different. Housing resales and prices are already showing clear signs of weakening. More is likely to occur.”

Take two Tylenol and call me in the morning.

Read RBC’s Housing Trends and Affordability study here.
The Star Phoenix covers the story here.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

Speaking to a group of RBC clients in Saskatoon on Friday, Ferley noted that a “wide range of commodities” are experiencing higher prices. He’s predicting that uranium, potash, wheat and oil production will push Saskatchewan’s economy forward by 3.5 percent in 2008, and 3.25 percent in 2009, compared to national growth rates of 1.5 percent and 2.5% respectively.

The Saskatchewan economy was the subject of much speculation in 2007, but ultimately underperformed on the most bullish predictions, which had forecast real GDP growth between 4 and 4.8 percent. Saskatchewan’s real GDP growth came in at 2.8 percent, just slightly above the national average. However, Saskatchewan’s nominal GDP growth through 2007 was exceptionally strong at 11.4 percent, topping all provinces except Newfoundland and Labrador. Real GDP measures changes in production, while nominal GDP measures the actual dollar value of the economy. You might say that we worked 2.8% harder, but earned 11.4% more.

Read the Saskatoon Star Phoenix story by Wendy Gillis here.

Read also: Saskatchewan Economy Underperforms on Expectations

Read also: The Rest of the Economic Growth Story

Read also: Saskatchewan Could Become an Embarrassment of Riches: RBC

See a Google map displaying the boundaries of Saskatoon real estate “areas” here
Data collection and calculation for our statistical reports

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

Goldbloom does make some comments about western markets, and addresses Saskatchewan’s situation head on.

“The slowdown is not shared evenly among cities. The markets that soared well above their underlying economic fundamentals are the very ones with the most downside potential. Calgary and Edmonton have moved from chart-toppers to the bottom-of-the-heap in only a matter of months on a range of key housing market indicators, including house prices and sales.

“Saskatchewan jumped into the spotlight in 2007 as a commodity-led expansion attracted an influx of migrants and led to a major housing boom. Regina and Saskatoon continue to clock year-over-year price gains that are several multiples above the pace of their local wage growth. This lends evidence that the current momentum is unsustainable, with a similar fate to Alberta’s likely for both of these cities within a years time.”

Goldbloom made similar comments about Saskatoon in October of 2007 when she said Saskatoon homes were overvalued and “out of whack with the underlying fundamentals.”

Read the RBC City Trends report here

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

“Saskatchewan now holds the top spot on growth across all key housing indicators including housing starts, house prices, residential building permits, and re-sale activity… The major erosion of affordability that has occurred over the last

year should gradually take a bite out of current momentum over the coming year.”

RBC measures the percentage of pre-tax income required to service mortgage debt on four popular types of housing. Here’s a quick look at how affordability has been impacted in our province between the fourth quarter of 2006 and the fourth quarter of 2007, the latest numbers this report examines.

Detached bungalows have gone from 31% of income to 40.4% of income.

Standard two-storeys have gone from 33.8% of income to 42.3% of income.

Standard townhouses have gone from 24.8% of income to 34.2% of income.

Standard condos have gone from 19.9% of income to 26.2% of income.

Lower housing prices in Calgary, measured against high increases in Saskatchewan have leveled the playing field between the two areas over the last year. You’ll now pay an equal portion of income to live in either Saskatchewan, or Calgary.

“Nationwide housing affordability deteriorated in every consecutive quarter throughout 2007 to end up at its most unaffordable level since the housing bubble peaked in 1990… Only Alberta bucked the trend in the latest quarter.”

RBC is predicting improved affordability across most markets in 2008, largely driven by “falling mortgage rates, cooler forecast house price gains and decent income growth.”

Read RBC’s Housing Affordability Report here.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

Following a year of record deterioration in housing affordability, the possibility of declining interest rates is the only hope which could move Saskatchewan into “stable” territory where the percentage of income used to service homeownership costs is concerned.

Recent reports released by RBC during 2007 characterized house prices in Saskatchewan as “considerably out of whack with the underlying fundamentals.” Apparently, the “fundamentals” are less important than we might have thought. RBC is predicting some fairly significant price growth for this area in 2008.

“In 2008, we expect softer, but still elevated conditions. Price gains should moderate from the 30% range down to somewhere in the 15% range. Unlike every other province where housing starts are expected to decline and affordability conditions to improve, Saskatchewan should actually see a modest increase in housing starts and only stabilization in affordability rather than an outright improvement.”

Read the most recent RBC Housing Affordability study here

Read also: Saskatchewan real estate on fire: TD Economics

Read also: Is Saskatoon real estate overvalued? Another economist says yes

Read also: Saskatoon and Edmonton homes most overvalued: Scotiabank economist

Read also: Worst quarterly deterioration of housing affordability on record for Sask

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

In their latest Provincial Outlook, RBC has downgraded projections for economic growth in Saskatchewan over 2008 and 2009, but still expects the provincial economy to perform better than all other provinces, except Alberta. In spite of this short-term downgrade, RBC does seem particularly bullish on the potential for Saskatchewan’s future providing that “the risks of overheated housing and commodity cycles” are properly managed.

RBC economists point to a heated Saskatchewan economy through 2007, which was largely driven by a “sharp reversal in net-migration outflows to inflows, the resulting pick-up in housing markets, strength in job gains, and high commodity prices.”

However, RBC warns that “cracks are appearing” in Saskatchewan’s economy. “Strained housing affordability that has pushed into record territory will crimp housing demand going forward because robust price gains are considerably out of whack with underlying fundamentals.”

“However, a variety of capital investments will support the non-residential sector… If Saskatchewan plays its cards right, then its early fortunes could become an embarrassment of riches for a small population through the triple play of diamond mining, renewed interest in developing its rich uranium deposits and a quickening pace of development in the immensely rich but challenging Bakken formation thanks to high oil prices and better technology… This offers Alberta-style future economic potential for a 70% smaller population, but requires managing the risks of overheated housing and commodity cycles.”

Read the RBC Provincial Outlook here

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

Goldbloom takes “a look beyond the standard affordability measure” and delves into “price to rent ratios,” something which I just happened to touch on, though not nearly as eloquently, in the comment thread of the most recent Week in review.

This report is brilliantly written and equally thoughtful, but one comment left me scratching my head. See if you can identify it.

Goldbloom has this to say about Saskatoon. “Housing markets across the major cities in the Prairies have long been the most affordable in the country. But, the recent pick-up in Saskatoon’s market has quickly changed conditions. Regina and Winnipeg have seen their price-to-rent ratios move up during the last few years after stable valuations through the 1990’s but are still at modest levels. The bigger story is Saskatoon where the recent pick-up has caused price-to-rent ratios to soar. In contrast to Calgary, Edmonton and Vancouver, the pick-up in Saskatoon has been very concentrated in the last year. The sudden and steep acceleration in price-to-rent ratios coincides with the sharpest deterioration in affordability on record. More expensive conditions already appear to be pricing people out of the market. Fifty percent price gains are starting to weigh on demand and softer demand should feed through to cooler price gains ahead.”

Read the RBC Canadian City Trends report here.

Read also: Saskatoon and Edmonton homes most overvalued: Bank of Nova Scotia economist

Read also: Worst quarterly deterioration of housing affordability on record for Saskatchewan: RBC

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

A quick look at the “mortgage carrying costs by city” charts appears to indicate that servicing a mortgage on a Saskatoon home requires a larger percentage of income than 15 of the 20 cities represented in the survey results. Ouch! Home owners in Victoria, Vancouver, Calgary, and Toronto pay a larger percentage of income. Though it’s tough to tell from these graphs, we may now be less affordable than Edmonton.

It’s also worth noting that these results represent changes to the end of the second quarter of 2007, and that Saskatoon continued to see some increases through the third quarter while other western markets experienced considerable cooling. I expect that we’ll see affordability deteriorate further in the next report, though likely not as significantly as we have over the last two.

Here are a few of the highlights from this report.

“Homeownership costs continued to climb steadily with Canada’s housing affordability sharply eroding across all four housing types in the second quarter, according to the latest Housing Affordability report released today by RBC Economics.”

The report goes on to say, “Saskatchewan, Alberta and British Columbia witnessed the most significant erosion in housing affordability. Affordability deteriorated by approximately 20 per cent across each of the home segments in Saskatchewan, marking the worst quarterly deterioration on record. Over the past couple of years, Saskatoon, Edmonton and Calgary have suffered the largest deteriorations of all Canadian cities.”

“Housing markets conditions from Manitoba eastward are not a cause for concern, but conditions in Saskatchewan, Alberta and British Columbia warrant caution given the speed of the massive turnaround in affordability in several key cities. The economic fundamentals are supportive, but have been priced in fairly aggressively. In our view, a continued cooling in the pace of price gains and an ongoing pull back in sales-to’ listings ratios lie in the cards in these cities.”

Read the RBC Housing Affordabilty report here

Read the overview specific to Saskatchewan

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

“After ten years of declining population, the province is enjoying its largest migration surge in 25 years,” said Craig Wright, vice-president and chief economist, RBC. “It has sparked a sudden housing boom that can be seen by increased construction activity, a massive pop in house prices particularly in Saskatoon, and a lift to consumer spending.”

The report also says, “caution is warranted regarding the sustainability of house prices” noting that it’s far too early to call this migration shift permanent.

Read the RBC Economic and Financial Market Outlook here

Read the short report for Saskatchewan

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

It is important to note that Saskatoon and Saskatchewan are still among the most affordable places in Canada to own a home. Only the Atlantic Provinces and Manitoba proved more affordable than Saskatchewan. Also keep in mind that this report examines affordability based on data gathered to the end of March, 2007. We can expect to see further erosion over the second quarter as prices of Saskatoon homes have continued to increase at a rather rapid pace.

Read the RBC Housing Affordabilty report here

Read the overview specific to Saskatchewan

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate