2011 was another great year in Saskatoon and area real estate. Over 4000 homes were sold on MLS with an average selling price over 309000 dollars. That number of sales was up over 13% from 2010. Affordabiility continues to be a much discussed issue but it should be pointed out that our average sale price continues to be well below the national average price and homes are available in an astonishing range of prices in the city and surrounding area.
The economy of the city and province continues to be among the leaders in Canada and the world. Our mayor and reputable economic organiziations worldwide continue to see nothing but a very bright future for our beautiful city! In addition mortgage rates start 2012 at historic low levels with the five year rate hovering at 3.5 per cent and below and shorter term rates still under three per cent.
It's a recipe for amazing growth and opportunity in 2012 and the years to follow.