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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Has the idea of buying an investment property ever crossed your mind?


Maybe you’d like a place to rent out and have someone else pay some or all of your mortgage while you build equity in a tangible real estate asset, or perhaps as a home for your child to live in.


Whatever your reason, investing in an additional property (or multiple properties) can be a good way to accomplish those goals, but there are also some key considerations before you dive in.


Aside from the potential challenge of finding a good tenant, there are some financing hurdles that you should be aware of.


Mortgage Rules for Investment Properties


While there are many Canadian lenders that will finance rental properties, the Department of Finance tightened mortgage lending criteria as part of its rule changes introduced in 2016.


That included eliminating mortgage default insurance, for certain mortgage types, including those for investment properties with less than 5 units.


As a result, you need at least 20% down to...

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I have listed a new property at 661 Reid RD in Saskatoon.
Welcome to 661 Reid Road. This bright 1210 sq ft bungalow features an open concept living space with an updated kitchen and new appliances! The main floor also features 3 large bedrooms and a 4pc bathroom. The owner's bedroom is large with an attached 3pc ensuite. The basement is fully finished with 1 bedroom, den, 3pc bath, and a huge living area! the back yard is complete and also has back lane access.
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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.
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I have listed a new property at 423 Brightwater CRES in Saskatoon.
Welcome to 423 Brightwater Crescent, located in the heart of Lakeridge. This exceptionally well maintained, spacious home is 1576 sq feet, has beautiful hardwood floors throughout all 3 floors and cork flooring in the bathrooms. The main floor features a living room, dining room, & kitchen. The kitchen has ample storage space, granite countertops, and a Wolf gas range with a hood vent that is direct vented outside. The top level has 3 bedrooms and a 4pc bathroom. The main bedroom has a 3pc ensuite bathroom and a walk-in closet. On the 3rd level is the family room with a gas fireplace, 4pc bathroom and large windows with ground level views of the backyard. Also on the 3rd floor is a large mudroom, laundry and direct access to the double attached garage. The basement level is open for development of a fourth bedroom, 4th bathroom, or a third family room. The mature backyard is fully landscaped and includes...
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I have listed a new property at 306 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.
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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
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I have listed a new property at 347 Stilling MANOR in Saskatoon.
The “Berkeley II” is North Prairie Developments brand new 1583 sq. ft. it has 3 beds, 2.5 baths, bonus lifestyle room and upper level laundry. Equipped with a bright and open concept living/dining/kitchen area. Your new kitchen is complete with stylish cabinets, a large eat-at peninsula and an over sized pantry. Huge master bedroom, which has plush carpet, a 3 piece en suite and walk-in closet. This practical upper level is finished off with bonus lifestyle room, two spacious bedrooms and bathroom. This home also offers hardy siding, front yard landscaping, a concrete driveway and a double attached garage. All North Prairie homes are covered under the Saskatchewan New Home Warranty. PST and GST included in purchase price with rebate to builder. Pictures may not be exact representations of the unit, used for reference purpose only.
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I have listed a new property at 310 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...
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I have listed a new property at 621 7th ST E in Saskatoon.
Welcome to 621 7th Street E. This beautiful character home is just off Broadway, is close to shopping, restaurants and a short walk to the city centre, Meewasin Trails, U of S, and RUH. A perfect home to take advantage of downtown and Broadway living but on a quiet street. This 1,391 sq ft 3 bedroom home has ample space that blends the original millwork and hardwood of a traditional character home with a newer large kitchen. The kitchen has plenty of cupboard storage and counter space that leads on to a deck that overlooks a park-like backyard. Upstairs you will find 3 bedrooms and a 4pc bathroom. Also there is attic access that opens to a loft area ideal for storage or play area. Only possessions after Aug 2 will be considered. Check out the listing at https://www.youtube.com/watch?v=TxvbZMiH3Gs
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