Some major news that affects real estate investors in Canada. 2 significant changes are on the horizon that will have terribly sad consequences for beginner investors in Canada who are looking to build a retirement or passive income using real estate.
A change to the minimum down payment and a change to where down payment funds can come from.
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The Saskatoon real estate market for March 1, 2022 has. a little fake news to dispel. The national housing market it often quoted in the media. But Saskatoons market is nothing like the national average. The Saskatoon real estate market is definitely brisk, strong, healthy and robust all while being manageable for both buyers and seller.
1. Prices nationally are up like 28% and the average house costs more than $800,000. Here in Saskatoon prices are up about 6-7% and the average house price is around $350,000.
2. Buyer demand. Buyer demand is high but we are not in a bubble. Prices are stable and buyers still have selection of good houses to choose from.
If you have any questions for me i'm always happy to help.
Moving to Saskatoon. Here are the 5 most asked questions i get about moving to Saskatoon or investing in Saskatoon. I am a local Realtor with EXP Realty and i love me city. I know you will love moving to and investing in Saskatoon.
1. Covid is a real concern and hopefully one day it wont be. Saskatoon is not a very dense city. There is lots of room to roam and distance here.
2. Traffic is almost non existent i Saskatoon. People moving to Saskatoon will be pleasantly surprised at how short it is to get from one area to another.
3. Crime. Moving to Saskatoon is very safe. We deal with the same petty crime all cities deal with but you can virtually go anywhere at anytime and be very safe.
4. Housing or investing. Saskatoon real estate is quite affordable relatively speaking than most if not all other major center. Moving to Saskatoon will se your money go a lot farther. Also rents are really strong so investing in our market is a smart move.
5. The weather. Yes its cold. But trust me you wont die!
Investing in Saskatoon real estate might be the smartest investment you can make for 3 reason.
Saskatoon, Saskatchewan, Canada is a phenomenal city. It has a down to earth vibe full of great people. We have lots of outdoor activities for all 4 seasons. Its a young city with a vibrant population. We are surrounded by many smaller towns and Saskatoon is the economic engine of our province.
1. Demographics. As mentioned Saskatoon has a young demographic. Saskatoon is also very entrepreneurial. When you combine those 2 things investing in Saskatoon makes more sense. Younger people are focused on their careers and being mobile than settling down.
2. University city. We have a very large university that bring renters in from all over the world for long periods of time. We also have many trade and technical schools that provides lots of renters. Again, Saskatoon is the economic hub which also brings far more people to the city than leaving.
3. Investing in Saskatoon real estate also provides some of the best return on investment of any other major city in Canada.
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Scott Ziegler
