A report released last week by the Conference Board of Canada states that home prices are projected to increase in Regina and Saskatoon over the next year. Regina home prices are expected to increase by five to seven per cent, while Saskatoon may increase by seven per cent or more.
According to Rob Wiebe, a senior economist with the Conference Board, the current market is balanced, which makes it a good time for buyers and sellers alike.
A balanced real estate situation in Regina and Saskatoon means that buyers and sellers often agree on what is a ‘reasonable’ price for a property. This in turn, means that a deal is more likely to be achieved.
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