Cost of Home Ownership in Saskatchewan on the Rise

                                     

                                

Canada's big banks have begun raising their mortgage rates which will increase the cost of ownership in Saskatchewan.  With indications that that the economy is moving ahead again, the Bank of Canada needs to keep inflation in check with higher interest rates.  The good news, as reported by Cassandra Kyle of The Star Phoenix, is that while costs to own a home are increasing in Saskatchewan, the percentage of pre-tax income needed to pay for a home in this province is less than many other areas of Canada.

Jo-Anne Larre

Jo-Anne Larre

REALTORĀ®
CENTURY 21 Fusion
Contact Me

Tags