Saskatchewan does have its own drummer and its own cadence when it comes to the housing market.
The latest figures on real estate activity in the province portray a bullish picture, one that is in contrast to many parts of the nation where sales are down and prices are falling.
August saw a benchmark price that was eight per cent higher than a year earlier as home owners see their equity continuing to rise.
But yet, with a benchmark of roughly $370,000, home ownership is not out of reach for a large percentage of the population, unlike major cities such as Toronto or Vancouver where it can take 90 per cent of the average income to buy the average house valued at nearly a million dollars.
Seven different Saskatchewan cities saw price increases in the double-digit range.
That is a clear indication of the provincial economy’s underlying strength but it also underscores the desperate need for more residential construction as population growth and strong demand are absorbing units as quickly as they come on the market.
