A blog dedicated to analyzing Saskatoon s economic real estate conditions
JOSH BUCHANAN June 2, 2025 Here are some highlights for May 2025: -The Saskatoon HPI composite benchmark price just hit another all-time high-Standing inventory is down 51% compared to the 10-year average-Monthly sales were down 5% compared to last May-Monthly sales were up by 19% compared to the 10-year average-Most competitive I:S ratio for May since 2007-Average [ ]
JOSH BUCHANAN May 2, 2025 Saskatoon is currently experiencing the most competitive market conditions seen since the infamous year of 2007. Not only are the conditions highly competitive, but they have been more persistent than what we saw in 2007. So why do we have these current market conditions that are making it really tough [ ]
JOSH BUCHANAN May 1, 2025 Here are some highlights for April 2025: -The Saskatoon HPI composite benchmark price just hit an all-time high-Standing inventory is down 60% compared to the 10-year average-Monthly sales were down 16% compared to last April-Monthly sales were up by 11% compared to the 10-year average-Most competitive I:S ratio for April [ ]
JOSH BUCHANAN April 27, 2025 Housing affordability seems to be a hot topic today as we saw prices reach all time highs in all categories of homes in Saskatoon last month. Because Saskatoon s housing market is so competitive, buyers often have to offer above the seller s asking price in order to outbid other prospective buyers. [ ]
JOSH BUCHANAN April 26, 2025 When a housing market is highly under-supplied like Saskatoon currently is, home prices can increase quite quickly. We ve seen the HPI Benchmark Composite price jump by over $100,000 (33.3%) compared to the start of 2020. Anecdotally, friends of mine just sold their house for $635,000 after purchasing it just 2.5 [ ]
JOSH BUCHANAN April 26, 2025 CBC Radio’s Saskatoon morning show hosted residential Analyst/Blogger Josh Buchanan of the Saskatoon Real Estate Economics Blog regarding the current market conditions. Have a listen: The full radio interview can be found here https://www.cbc.ca/listen/live-radio/1-88-saskatoon-morning/clip/16142275-sky-high-demand-fewer-houses-sale-means-home…
JOSH BUCHANAN April 20, 2025 There s a lot of talk these days about affordable housing and the need for more affordable housing. What exactly is affordable housing and how do we increase the amount of it in a city that is currently seeing major supply shortages in all forms of housing? What s considered affordable in [ ]
JOSH BUCHANAN April 10, 2025 The best way to measure the value of homes is by using the Home Price Index benchmark value which is the real estate equivalent to the CPI (consumer price index). It tracks the sales price of very specific types of properties over time, as opposed to simply looking at the [ ]
JOSH BUCHANAN April 1, 2025 Here are some highlights for March 2025:-The Saskatoon benchmark price just hit an all-time high-Standing inventory is down 53% compared to the 5-year average-Monthly sales were up 11% compared to last March-Monthly sales were down by 3% compared to the 5-year average-Most competitive I:S ratio for any month in over [ ]
JOSH BUCHANAN March 8, 2025 From 2015 until 2020, Saskatoon had an oversupplied housing market. Rental rates were declining and so were sales prices. Keep in mind, rental rate decreases were curbed and masked by rental incentives as explained in post #271. Around June of 2020, that all changed. Demand for housing quickly spiked and [ ]