Summer is almost officially here, and the weather is getting hotter in Saskatoon! Can we expect the summer real estate market to stay hot as well?


Our Summer 2021 Real Estate Market Preview is here! We are going to review the stats from the past month, and share our predictions for the summer season, and what you need to know if you plan to buy or sell.


Let’s take a look at the stats from May 2021...


Home sales are very strong


In May, there were 576 home sales which represents an increase in sales of +77% compared to May 2020 where we only saw 326 sales.


This is the third month in a row where sales have been over 500 homes - there were 570 sales in March, 550 in April and now 576 in May. This is an unusually high volume of consistent sales. The big question is, will this be able to continue?


If we try to determine the possible underlying cause for these consistently strong sales volumes, we could use the theory that COVID-19 has left many people with more disposable income right now...

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The Saskatoon Real Estate Market is HOT!


We recently received the housing statistics for the month of July and we want to share our thoughts on the current market with you.


Check out the top 3 things we think you need to know about the Saskatoon Real Estate Market right now:


Sales Volumes are Up



The number of home sales are up +41% for the month of July (this is comparing sales volumes against July 2019). This is a staggering increase in sales and it confirms that Saskatoon is an extremely HOT market right now.


Sales volumes are up 4.1% year to date (YTD) (this is comparing sales volumes for the entire year as of the end of July 2019). This is an impressive statistic considering sales in June 2020 were down -3.6% YTD. Within the span of a month, we've caught up to sales volumes from 2019. This is quite surprising considering we are dealing with a pandemic right now, and you would expect our market to have slowed down because of it.


58 of the 550 sales in July were $500K and above. This shows great confidence...

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