2021 started off with a very busy real estate market in Saskatoon. We want to share why we think this means it's the perfect time to sell your home in Saskatoon, and what you need to know about the real estate market right now as a buyer.


Sales volumes and average sales prices have steadily increased and home inventories have continued to stay low in Saskatoon. Let’s take a look at the stats.


In April, there were 550 home sales which represents a staggering increase in sales of +159% compared to April 2020 where we only saw 213 sales. But keep in mind that this number is highly exaggerated as our real estate market was heavily impacted by the start of the COVID-19 pandemic last April and this skews the numbers dramatically. To get a more accurate sense of how the market is doing, we should compare the home sales from April 2021 to home sales from April 2019, where we saw 380 sales, which is an increase of +45.5% compared to 2021. This is still a significant increase and demonstrates...

Read full post

IMPENDING MORTGAGE RULE CHANGES


OSFI (Office of the Superintendent of Financial Institutions) has propose a change to the uninsured stress test rate. OSFI regulates and supervises more than 400 federally regulated financial institutions (80% of all mortgage lenders). They do not watch over provincial credit unions and private lenders. OSFI reports to parliament through the Minister of Finance and regulates the conventional space.


Proposed change - Effective June 1st the qualifying rate for conventional (uninsured) mortgages will be based on a stress test of 5.25%


Note that Department of Finance regulates insured mortgages who currently have a stress test rate of 4.79%


Timeline - On May 7th the public was invited to provide feedback to the change. By May 24th the feedback will be taken into consideration and the final amendments will be made. As of June 1st the changes will take effect.


What does this mean to clients?


• If you have a signed accepted offer dated prior to June 1, 2021,...

Read full post

I have listed a new property at River View Acreage in Vanscoy.
Welcome to River View Acreage. This beautiful timber hybrid home sits at the highest point of this 12 acre lot with spectacular views of the South Saskatchewan River with the valley and rolling hills below. The kitchen has ample storage with rustic maple cabinets, 2 hammered copper sinks, high-end faucets, quartz countertops and a gas range with hood vent. While in the living room, sit back in front of the natural gas, stone fireplace or take in the scenery through the picture windows looking east. On the main floor is the master bedroom with a 3pc ensuite and plenty of storage space with a walk-in closet and a second wall closet. A second bedroom is also on the main floor. Start your morning by soaking up the sun and enjoying the views with your morning coffee in the 4 season sun room. Enjoy the evenings on the wrap around deck or in the hot tub in the spa building. On the second floor there is another bedroom,...
Read full post

I have listed a new property at 306 Stilling MANOR in Saskatoon.
Public Remarks: The Emerald model is a 2 storey, 1889 sq. ft. home complete with 3 beds, flex room, bonus room, and 2.5 baths. The beautiful master bedroom is complete with a huge walk in closet and a 5 piece en suite bathroom. The Emerald has two options of transforming the walk-thru pantry to a butler pantry or spice kitchen, quartz countertop in the kitchen and bathroom vanities. Laminate flooring throughout the main floor. this model also has the option of basement development for a total of 820 Sq. Ft with 2 beds, 1 bath and an open concept family room. All North Prairie homes are covered under the Saskatchewan New Home Warranty program. PST & GST included with rebate to builder. Pictures may not be exact representations of the unit, used for reference purposes only. Errors and omissions excluded. Prices, plans, promotions and specifications subject to change without notice.
Read full post

I have listed a new property at 346 Stilling MANOR in Saskatoon.
The Emerald model is a 2 storey, 1889 sq. ft. home complete with 3 beds, flex room, bonus room, and 2.5 baths. The beautiful master bedroom is complete with a huge walk in closet and a 5 piece en suite bathroom. The Emerald has two options of transforming the walk-thru pantry to a butler pantry or spice kitchen, quartz countertop in the kitchen and bathroom vanities. Laminate flooring throughout the main floor. this model also has the option of basement development for a total of 820 Sq. Ft with 2 beds, 1 bath and an open concept family room. All North Prairie homes are covered under the Saskatchewan New Home Warranty program. PST & GST included with rebate to builder. Pictures may not be exact representations of the unit, used for reference purposes only. Errors and omissions excluded. Prices, plans, promotions and specifications subject to change without notice.
Read full post



Spring has finally sprung, and we’ve come to the end of the first quarter of 2021. This year has already proven to be an extremely busy one in the Saskatoon Real Estate Market.


We are commonly asked the same question by many of our clients:


“We’re ready to start looking to buy a new home...what are the next steps we should take?”


So we thought we would take some time to go over the initial steps you need to take in the house hunting process. But first, let's quickly go over the stats that were just released from March. One thing to keep in mind when looking at these stats, is that in March of last year we experienced the beginning of the COVID-19 Pandemic.


Saskatoon Market Statistics - March 2021


Last month, there were 570 sales, which is +297 more sales compared to March of 2020.

There were +926 new listings posted to the MLS in March, which is up +53.8% for the month compared to 324 new listings in March of 2020.


Sales in March 2021


There were 1278 active listings in Saskatoon as of...

Read full post

I have listed a new property at 808 1015 Patrick CRES in Saskatoon.
Welcome to #808 – 1015 Patrick Cres in the Ginger Lofts Townhouse development located in Willowgrove. This sought after "D" unit floor plan features 2 large bedrooms, bamboo hardwood floors, in-suite laundry and open concept floor plan with a great balcony for outdoor space. The kitchen has ample storage space with New York style soft close cabinetry, quartz counter tops, glass tile backsplash, an eating bar island with pots and pan drawers, and stainless steel appliances. The large full bathroom has an oversized vanity and ceramic tile flooring. This townhouse comes with 2 PARKING STALLS located right out front of your unit and 7 visitor parking spaces right next to that. A new central air conditioning unit was installed in 2020 and a new fridge in 2018. A short walk away you will find the amazing Clubhouse which features an indoor pool, hot tub, exercise room, lounge, billiard room, patio and outdoor barbecue...
Read full post

For the past year, soaring home prices and a desire for more space have sent homebuyers flocking beyond the suburbs and into beautiful cottage country.


It’s a trend that is playing out right across the county, and one that’s expected to continue throughout 2021. High demand is expected to push average recreational property prices higher by 15% to $502,730, according to an updated forecast from Royal LePage.


Recreational properties in Ontario and Atlantic Canada are expected to see average prices rise 17%, while Quebec and B.C. should see prices increase by 15% and 13%, respectively. That would be on top of the 16% national price gain seen for this segment between 2019 and 2020.


“From coast to coast, the line between primary residence and recreational property is blurring,” Phil Soper, president and CEO of Royal LePage said in a release. “The trend began last summer when the option of travelling abroad was taken away, and continued to gain popularity as it became...

Read full post

I have listed a new property at 302 Stilling MANOR in Saskatoon.
This beautiful 2 storey, 2025 sq. ft. home comes complete with a Smart Home Package. This package includes solar-ready features, Nest Learning Thermostat and the Amazon Echo. On the main floor of this home, you can enjoy friends and family in the open concept living area, which boasts a beautiful chef-style kitchen, complete with a large corner pantry and a half bath. On the second floor this home is complete with a beautiful owner’s suite, with a 5 piece ensuite bathroom, not 1 but 2 walk-in closets! 2 additional spacious bedrooms are located on the second floor, with an additional upper floor bathroom, upper floor laundry and a bonus room which is perfect for movie nights or just relaxing. Pictures are from the recent show home of this model and do not reflect the same finishes
Read full post

I have listed a new property at 223 Beckett GREEN in Saskatoon.
Welcome to 223 Beckett Green. This beautiful, well maintained 4 bedroom, 4 bath home is situated on a quiet and mature street in Arbor Creek right across from Beckett Green Park. This home also boasts a large, exceptional backyard with sports court area (that can be used as a rink in the winter), a tiered deck, gazebo, a garden area, and is fully landscaped. The kitchen has ample storage space, a peninsula island, stainless steel appliances and a walk-through pantry for your convenience. There are hardwood and ceramic floors on the main and a gas fireplace in the living room. The second floor has 3 bedrooms, bonus room, and 2 bath rooms. The master bedroom has a 4pc bathroom with a jetted tub, separate shower and a large walk-in closet. In the basement there is a 4th bedroom, 3pc bathroom and a large family/great room. The home also features central air conditioning, underground sprinklers, and a double attached...
Read full post
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.