Saskatoon Housing Bubble. To take a look at the short and long term fundamentals of the Saskatoon real estate market. To prove that Saskatoon and other parts of Canada have a housing bubble. Also looking at how the possible commodity bubble and troubles in places like China, the US and Europe will have on Saskatoon real estate.
Friday, January 21, 2011
A picture of a Saskatoon average bungalow listed for $329,000
The leaderpost has an article comparing Saskatchewan houses to Saskatoon's with comparable prices.
Photos: Comparing Sask. real estate prices with Saskatoon's
Money just doesn't go as far as it used to in Saskatoon's real estate market. For many on the lower end, a starter home is no longer affordable. See what you can get for the money in Saskatoon compared to other communities in Saskatchewan
With a Saskatoon average household income of $70,000, this house would cost 4.7 times income. And it looks like this house needs some work. At least it is in a decent neighborhood. In Vancouver, this house would go for at least a cool million.