Did you know that Regina has been declared a buyers’ market by the Conference Board of Canada? According to the Board, the price of resale homes in the capital city is expected to grow by five per cent year-over-year.
In Saskatoon, the region continues to have a balanced home resale market. While sales and listings of existing homes appear to have dropped in May, the Saskatoon area remains positioned for some short-term price growth.
According to the Board, the Saskatoon region is projected to experience a seven-per-cent or higher increase in the price of resale homes over the next 12 months. However, the Board’s data also shows that the average price of a resale home in the city of Saskatoon has dropped by 1.9 per cent to $284,581 in May.
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