Housing Market differs between the Prairie Provinces

In Alberta, there’s a buyers’ market; in Manitoba, there’s a sellers’ market. Here in Saskatchewan, the market is balanced, with resale housing prices that haven’t contracted (as in Alberta), but are expected to increase to a projected 2010 average MLS sales price of $239,250.

While Saskatchewan’s housing sector isn’t expected to experience the record breaking numbers seen in 2007 and 2008, the market appears to be heading in a positive direction.

For 2010, Regina is forecast to see 970 housing starts and an average MLS price of $254,000. Meanwhile, Saskatoon is forecast to see 1,500 starts and an average MLS price of $285,000.

According to Canada Mortgage and Housing Corp. (CMHC), housing starts are also projected to rise significantly across the prairies in 2010.

To read the full Leader Post article click here.

Ian Johnston

Ian Johnston

Sales Representative
CENTURY 21 Dome Realty Inc.
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