Here is their take on Saskatchewan
Saskatchewan —Affordability improves; resales surge
Saskatchewan was the only provincial market showing an across-the-board improvement in housing affordability in the first quarter. Minimal price increases or even declines (in the case of two-storey homes) in the first threemonth period helped lower the costs of homeownership for all housing segments in the province. The RBC measures fell between 0.2 and 2.0 percentage points, thereby representing, for the most part, the third-consecutive quarterly improvement. This latest easing in the measures brought affordability levels even closer to long-term averages in Saskatchewan, which implies that any undue stress being exerted on provincial homebuyers is dissipating. Very strong market activity since the fall of last year seems to corroborate this. Home resales have surged to record-high levels in the first quarter of this year in Saskatchewan. Rapid economic growth will continue to support the province’s housing market in 2012.