A few weeks after CMHC pulled back the reins on mortgage rules in Canada, the Saskatoon market hasn’t seen much of a slowdown over the short term. Last week in Saskatoon there were 100 sales (62 single family, 33 condominiums) with an average sale price of $325,765. The average days on market for a property last week was 34 and the average selling price was $7174. These numbers are all status quo of late and haven’t changed much in recent weeks.
The number of total active listings in Saskatoon is now sitting at 1272 (765 single family, 425 condominiums), which is a modest jump from 1261 the previous week. Last week there were 161 new listings posted on the Saskatoon MLS. These are all healthy numbers and are not out of the ordinary.
Ultimately I would suggest that the Saskatoon MLS is quite active as of late and should continue at this pace over the short term, considering the mortgage rule changes. If you have any questions about buying or selling please contact us at firstname.lastname@example.org.