If you’re trying to figure out where house prices are going in the next six months or a year in this province, you’re not alone.
For many, the decision has been made – they’ve placed their call and have either bought or sold. But, given the dynamics of the market these days, there’s little doubt that plenty more people are still working through the pro’s and con’s.
It is so dynamic in this province and indeed across the country that leading economists are trying to get a feel for trends and directions too. A case in point is the team TD Canada Trust which issued their report this week saying the red hot housing market in Canada is likely to continue its torrid pace.
Here in Saskatchewan they offer some intriguing insights. Noting we are even hotter than the rest of the country with residential property sales 50-percent ahead of this time last year compared to national increases which are more like 30-percent. Normally, they say, you’d expect we’d peak quicker than other regions and slow down rapidly but they expect a hot market for at least another year because properties here are so affordable.