- Urban 411
- Posts
- A Very Uneven Market
A Very Uneven Market
Some markets can't be stopped while others are still deep in the red
Today, we’re covering
🏡 Saskatchewan is Not Slowing down
💀 West Vancouver Housing Targets Hit a Wall
📈 No More Hikes?
📬 Ottawa Expands Vacant Tax Reach
🤔 WTF of The Week
Read Time: 4 minutes
🏡 Saskatchewan is Not Slowing down
Source: BNN Bloomberg
The 411: Ontario mortgage stress is climbing fast, and the province’s arrears rate has now moved above the national average, a rare signal that has historically lined up with major housing downturns.
Saskatchewan’s benchmark home price hit a record $374,100 in March, up from $363,800 the month before.
Saskatoon reached an all-time high benchmark price of $435,200, while Regina climbed to $343,700.
Inventory across Saskatchewan is running about 50% below normal seasonal levels, keeping pressure on both buyers and prices.
Saskatoon has less than 2 months of housing supply, which is well below what is considered a balanced market.
Buyers in Saskatoon are overbidding by an average of $34,000 to $36,000, with some offers reaching as high as $120,000 over asking.
Why This Matters: Saskatchewan is one of the few markets in Canada still seeing real price growth while much of the country cools. It is also one of the last major markets with a benchmark price well below the national average, giving investors a cheaper entry point with stronger upside than most big cities.
