The Saskatoon housing market is projected to remain stable in the near future. Factors such as job growth, population growth, and immigration are expected to remain healthy and lead to a continuation of steady housing demand. Home values are expected to rise modestly but due to low inventory, and tight competition, prices are also expected to increase moderately in the coming years. This may result in a moderately competitive housing market, as prices are expected to increase over the next few years.
In terms of rental properties, the average monthly rent is expected to rise slowly but steadily due to an increase in demand. As vacancy rates remain low and construction is slow, competition is expected to remain tight. New rental projects may become more common in the near future, which could help to ease some of the competition. Additionally, as immigration continues to rise, the demand for rental units is also likely to increase.
