Saskatoon Mortgage Broker shares article on Saskatoon homes

Saskatoon Fourth-Most Affordable In The West

Article by Bruce Johnstone, Leader-Post with files from the StarPhoenix, January 9, 2015

“Saskatoon is the fourthmost affordable major city in Western Canada when it comes to buying a house, despite about a 50 per cent increase in prices over the last six years.

According to statistics on the Saskatoon Region Association of Realtors website, the average selling price for a home in Saskatoon in 2001 was $127,600.

The average price rose steadily until 2007 when it spiked to $232,600 and to $287,700 in 2008. After a slight pullback in 2009 (to $279,700), the price has continued upwards to an average of $356,500 in 2014.

According to a recent Toronto Star story, Saskatoon has the fourth-most affordable housing in Western Canada. Saskatonians would need to earn just over $74,546 a year to afford to buy an average house priced at about $350,000.”

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