There seems to be a bit of a shakeout happening in Saskatchewan’s residential real estate market. It turns out we can’t offer a general, sweeping description of current market conditions … it really depends which city you’re looking at.
This finding is a highlight of the latest monthly report prepared by the Saskatchewan Realtors’ Association. It notes that Regina has just replaced Saskatoon as having the tightest market. At the same time, overall prices are showing some declines – the provincial benchmark fell from September to October – yet selected cities such as North Battleford and Prince Albert posted price increases. North Battleford topped the list at 24 per cent.
There was also a slight narrowing of the gap between buyers and sellers as the number of listings rose in October. That may be a reflection of the fact that there were fewer transactions last month when compared to this time last year although we are still well above historical trends lines on this metric, not really a surprise given the increased population numbers we’ve experienced over the past two decades.
— For more than 50 years, Paul Martin has specialized in coverage of the business and political scenes. His career has spanned radio, television and print and electronic media.
