The Saskatoon real estate market for november 2021 continued to be strong. 3 key stats showing why your homes value may be at its peak.
1. Active listings. Active Saskatoon real estate listings are down. Way down. So inventory or competition is low for now. This iwll change in the spring with new competition.
2. Sales. Saskatoon residential sales were up and up as much as 30% over past years. So low inventory and strong demand. However upward pressure on interest rates will slow demand and reduce borrowers purchasing power
3. Interest rates. Rates are going up. Everytime rates go up, the value of your house goes down.
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