New property listed in Arbor Creek, Saskatoon
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 garage with a driveway that can hold 3 vehicles. Only possession dates after July 14 will be considered.

New property listed in Stonebridge, Saskatoon
I have listed a new property at 411 615 Lynd CRES in Saskatoon.
Welcome to #411 - 615 Lynd Cres. This affordable home features an open concept main floor with modern laminate flooring and a spacious kitchen with granite countertops. The main floor also has a half bath and a single attached garage. The upper floor features a spacious main bedroom with access to the large 4 pc bathroom. There are also two additional bedrooms upstairs. The basement is fully finished with a 3pc bathroom/laundry and a great size living space. This home is in a great Stonebridge location, close to shopping and amenities.

New property listed in Rosewood, Saskatoon
I have listed a new property at 351 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

New property listed in Vanscoy Rm No. 345
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, 3pc bath and storage areas. The views from the great room from the second story loft are stunning. There is bamboo flooring throughout the main and 2nd floor with in-floor radiant heat in the Vinyl tiled sun room. The one bedroom, one bath, walkout basement suite has a kitchen, natural gas fireplace and has in-floor heated, acid washed floors. The basement could be used for your family or as revenue potential. The four car attached heated garage is connected to the house with a mudroom. Both the garage and mudroom have in-floor heating and the garage has a central drainage system that drains outside. Above the garage is an 1152 sq ft, two bedroom suite complete with natural gas fireplace, kitchen, 4pc bathroom, and laundry. Escape the hustle & bustle of the city to this spacious acreage just minutes away from Saskatoon by capitalizing on the great revenue potential this home provides. Check out virtual tour at

New property listed in Nutana, Saskatoon
I have listed a new property at 206 521 MAIN ST in Saskatoon.
Welcome to #206 – 521 Main Street. ‘The Madisson’ building, just off Broadway, is within walking distance to downtown, Meewasin Trails, U of S, RUH, and 8th St. This freshly painted, 1033 sq ft, 2 Bedrooms, 2 Bathrooms home is perfect to take advantage of downtown and Broadway living but on a quiet street. There is a generous open concept kitchen, living room, & dining room. The master bedroom has a walk-in closet and three-piece bathroom. Includes one parking stall in the heated underground garage along with an underground storage room. This well maintained building also offers in suite laundry, elevator, security doors, amenities room, & visitor parking. Sorry, no pets allowed.

New property listed in Rosewood, Saskatoon
I have listed a new property at 304 211 Ledingham ST in Saskatoon.
Welcome to 304– 211 Ledingham Street. A great value for this desirable location on the top floor, in the South East Corner, of this 2 bedroom, 2 Bathroom Rosewood condo. The bedrooms have lots of closet space with the master having a walk-in closet The kitchen is stunning with a large island with deep long drawers, quartz counter tops, tiled back splash and stainless steel appliances. Large living area open to dining room. Balcony is large and covered. In-suite laundry/storage room and 2 electrified parking stalls. This unit is great for the first time buyer, downsizing, student or as a revenue property.

New property listed in Rosewood, Saskatoon
I have listed a new property at 338 Stilling MANOR in Saskatoon.
“The Sapphire” is a part of the North Prairie Craftsman Series! This modern open concept 1,793 Sq.Ft two storey home with 3 Beds and 2.5 Baths is the perfect functional layout. The main floor is home to the newly designed kitchen with trendy cabinetry, eat-an island, Throughout this model love the upgraded finishing package. quartz kitchen countertops and bathroom vanities with undermount sinks. The second floor hosts an amazing master bedroom, with a four piece master ensuite, and walk-in closet. Enjoy the convenience of having upper floor laundry. With each bedroom there is a USB plug-in and TV cable so that you can ensure you are always connected when you need to be. Become tech-savy when you are able to control your thermostat through your phone with the Nest Thermostat. Other helpful features include HRV timers, and bathroom light sensors. The Sapphire also includes upgraded craftsman exterior, spacious front verandah, and a double attached garage. All North Prairie homes are covered under the Saskatchewan New Home Warranty program. GST included in purchase price with rebate to builder. *Pictures not exact representations of the unit, used for references purposes only.

After two months into the new year, 2021 is continuing to showcase an extraordinarily busy real estate market in Saskatoon.

In February, home sales were up +53% for the month with 352 sales compared to 230 sales in February of last year. That’s 122 more sales during this same time.

Home prices were up 10.4% compared to February 2020. There were 1099 active listings in Saskatoon as of March 1, 2021.

This busy market can make finding a home to purchase more complicated, so this month we wanted to share some insights about what we think is a great home buying option to consider by buying a brand new home through a reputable home builder.

Both Jamie and I have extensive knowledge of residential home construction and renovations. I have over 25 years experience in residential construction as a general contractor and Jamie started his career as a journeyman carpenter.

After working as a carpenter, I eventually decided to transition my skills and knowledge of residential construction into real estate. I have been specializing in new home sales with various home builders over the past 10 years.

Ross and I have represented North Prairie Developments at the Meadows in Rosewood for the past 3 years. We would like to share the top things we think you need to know about buying a home from a new home builder.

1) The benefits of brand new construction

When you buy a new home through a builder, compared to buying a used home, you get the benefit of everything being shiny and new. No one else has ever bathed in your tub or used your toilets and you will be the first person to use your home appliances.

You will likely have to compromise less and you will get more of what you want compared to buying a used home, since you can choose the layout and finishings that suit your needs.

You also get the benefit of having a new home warranty. This means that if you experience any issues with your home it will be covered by your warranty within a certain time period. This will give you peace of mind when you move in knowing that you won’t experience any unexpected costs to repair that you might have if you bought a used home.

2) Prepare for some additional expenses

Typically in a new build, your basement will come undeveloped. If you know you need the extra living space or you’re planning to create an income suite in your basement, you will need to expect to pay more for the builder to develop this space for you, or you could hire a contractor to develop it after you move in.

Also, the level of development will vary in your front and back yard depending on the builder you choose. For example, when you purchase a new home with North Prairie Developments at the Meadows in Rosewood, your home automatically comes with front landscaping and a concrete driveway. With other builders in the city, you may have to pay extra to have those items included in your purchase price, or you may have to pay to have them completed after you take possession.

You should expect to spend some additional money on various projects around your home after you move in depending on what is included with the builder you choose, such as building a deck or fence, backyard landscaping etc…

3) Building your dream home takes time

Home Builders can sometimes have pre-built spec homes that are available to be purchased with an immediate possession. In this type of new build, you won’t get to customize the home to your taste or specifications. Currently, the inventory of pre-built spec homes in Saskatoon is very low, so you are more likely to have to wait and build a custom home.

In Saskatoon, it typically takes around 4-6 months for a custom home to be built. You will get to choose from a variety of floorplans at various sizes and price points. Depending on the builder, you will also likely get to select the finishings that you want to see in your dream home.

Once you have selected the home you want to build you will submit an offer on the home. The deposit required in a new build is generally between 5 - 10% of the purchase price which is a bit higher than the typical deposit required on the purchase of a used home. This deposit will likely need to be paid to the builder once your conditions have been removed. The home will also start to be built once your conditions are removed.

4) Work with someone who specializes in new home sales

If you are looking to sell your existing home and buy a new home build, you should work with someone who knows the in’s and out’s of the home building process.

As Realtors who specialize in new home sales, we can help you to:

  • Navigate the planning and building process
  • Strategically plan when to list your existing home
  • Negotiate a possession date that will work within the time frame of your new home build

This way you can seamlessly transition from one home to the next.

If you are interested in getting any more information on how to get started, please reach out to us and we’d be happy to help!


New property listed in Martensville
I have listed a new property at 118 901 4th ST S in Martensville.
Welcome to #118 - 901 4th street in Martensville. This affordable townhouse is close to walking trails, parks, bus pickup and schools with a great community feel. Easy and quick access to highway 12. Tucked away in a nice quiet area, away from the hustle of this growing city. This 3 bedroom 2 bathroom home has an open concept main floor with stainless steel kitchen appliances and plenty of cabinet space in the kitchen with even more storage space in the island. An attached garage and concrete driveway eliminates parking frustrations. This home would be great for first time buyers or a small family. Great value and pride of ownership.

Mortgage Rates Are Rising. What Does it Mean for You?

Mortgage rates have spent the better part of the past year in near-freefall, with numerous terms setting fresh record lows.

But a couple of weeks ago, rates pulled a U-turn and have been starting to climb higher ever since. And here’s why. Since the beginning of February, 5-year Canada bond yields, which typically lead fixed mortgage rates, have surged. They’ve risen nearly 60 basis points over the past month to a 12-month high.

With funding costs being pushed up and margins being squeezed, lenders could no longer hold rates at those record-low levels.

As for why bond yields are rising—which often coincides with market optimism—the answer is multi-fold.

For one, yields have been soaring south of the border, and when U.S. bond yields move, Canadian yields often follow. Given expectations for rising vaccination rates and ultimately an end to lockdown measures and a return to normalcy, many see greater inflationary pressure ahead, which usually leads to rising interest rates to keep that inflation in check.

Bank of Canada Governor Tiff Macklem addressed rising bond yields in a speech last week. "To some extent, the back-up that we’ve seen in rates reflects the success of the fiscal stimulus, the monetary stimulus, combined with the rollout of vaccines,” he said.

Current Rate Increases Apply to Fixed Rates Only

It’s important to note that only fixed rate mortgage products are currently on the rise. Most lenders have increased rates on several key terms by anywhere from 10 to 30 basis points, again due to higher funding costs.

Variable mortgage rates, on the other hand, take their lead from prime rate, which rises and falls according to the Bank of Canada’s overnight target rate.

That rate is largely expected to remain as is for at least another year, or possibly two.

“We have committed to keeping our policy interest rate at the effective lower bound until economic slack is absorbed so that our inflation target is sustainably achieved," Bank of Canada Governor Tiff Macklem said last week. The Bank has repeated previously that it doesn’t see that happening until “into 2023.”

Keeping Things in Perspective…

Rates Are Still at Historic Lows

Despite the recent 10- to 30-bps rise in some rates that we’ve seen so far, it’s important to note that rates are still not far off their historic lows.

Consider that the lowest nationally available 5-year fixed rate was north of 3.00% just two years ago. Today, you can still find many terms available for under 2.00%.

Speak to a Mortgage Broker for More Insight

Are you considering refinancing or looking for a new mortgage and are concerned about rates trending higher? There are still plenty of options available to you, and I’d be happy to review them with you.

Call Deb Murdoch today!

Deb Murdoch

The Mortgage Group



New property listed in Laird
I have listed a new property at 320 1st ST N in Laird.
Welcome to 320 – 1st St N in Laird. Enjoy the wide open space in this large 99’ x 120’ quiet corner lot. This 969 sq/ft bungalow features 3 bedrooms & 1 bathroom, and main floor laundry. Furnace and water heater have recently been replaced. Double detached garage with a storage shed. Lane access for RV parking. Fridge, stove, washer, dryer, built-in dishwasher, window treatments, and microwave included. This home is perfect for the community minded family.
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