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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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...

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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...

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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...

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The first month of 2021 was a very busy one! We want to provide you some statistics that show you what we’re experiencing in the market right now, and share our top 3 tips on how to best navigate this fast moving market.


Sales in February 2021


In January, home sales were up +26.9% for the month with 278 sales compared to 219 sales in January of 2020. That’s 59 more sales during this time.There were 1026 active listings in Saskatoon as of February 1. 496 of those listings are single family homes, and 530 are condos. Out of the 496 single family homes, 300 are on the eastside of Saskatoon, and 196 are on the westside.


Single family homes in Saskatoon


These statistics show that, for example, if you were planning to list your single family home on the eastside of the city, you would only be competing with a maximum of 300 other listings. But that number is actually significantly lower than that once you filter out price ranges and specific neighbourhoods/areas. Right now your listing will be competing against a very small number...

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Happy New Year everyone! I’m sure we aren’t the only ones who are happy to welcome 2021 with open arms.


In our last market update we predicted that early 2021 would bring reduced inventories and a strong sellers market in Saskatoon. We want to share with you, if our predictions were right and what this means to you as a buyer or seller.


Sales in December


We ended 2020 with a very strong month in the Saskatoon Real Estate Market. There were 274 home sales in December, which means that sales were up 35% for the month compared to December of 2019, which only saw 203 home sales. That’s 71 more sales during this time.


December Saskatoon Real Estate Stats


In December, we also saw 347 new listings posted to the MLS, which means listings were up 14% for the month compared to December of 2019, which only saw 304 listings posted.


The average sale price in Saskatoon right now is $345,358 which is up 3.4% compared to December 2019.


As we predicted in our last market update, inventories are at an all time low. Back in December, we predicted...

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We’ve made it to the last month of 2020, and what a crazy year it has been. Looking back over the last 12 months it feels like we’ve been on a crazy roller coaster ride. This is especially true when you review the past year in the Saskatoon real estate market.


2020 started out pretty strong from January through March and then when COVID-19 hit in April, it felt like the market came to a standstill. At that time, we weren’t sure what the rest of the year in real estate might look like in Saskatoon.


After another slow month in May, I don’t think either of us could have predicted the rocket-like trajectory the market would take for the rest of the year.


The month of June kicked off the strong market in Saskatoon and it continued to get stronger each month after that. Our monthly sales were consistently and significantly higher in comparison to the sales in 2019.


This past month was no exception. There were 358 sales in November 2020 compared to 243 sales in November...

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With the cooler temperatures outside, you would normally expect to see the real estate market cool off...but that is not what we saw this past month.


In October we saw 430 home sales, which is a super high number for this time of year. This is actually the same number of sales we saw in September.


430 Home Sales


Historically at this time of year, things begin to wind down, social activities begin, and the market starts to cool off. For example, in October of 2019, we only saw 307 home sales. So that means for this October we are up 41.5% in homes sales compared to last year.


We commonly hear from clients that they think they should wait until spring to get their home on the market...but we want to show you why we think December is actually a great month to sell your home.


To prove our point, we wanted to collect some historical, end of the year data...and after digging around a bit, we found a trend that we had to share.


Sales to listings ratio


We went back a few years, and decided to look at sales to listings ratios. Sales to...

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September Saskatoon Real Estate Market Update


After three months of an extremely HOT real estate market in Saskatoon, we are cautiously optimistic that this upward trend may now be here to stay for a while. 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.


Saskatoon Hot Real Estate Market Update


As the summer began, after the first initial shock of COVID-19, we started to see the real estate market heat up. At that time, we both thought that the increase may have been just an initial reaction to the pandemic, and that these conditions might not last very long.


However it looks like it might not be as short term as we initially thought. Sales volumes and average sales prices have steadily increased and home inventories have continued to stay low.


Home sales and prices have increased


In June, home sales were up +37%, and then in July they were up +41% and now once again in August they are up +41.9% for the month and +8.84% for the year. This past...

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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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