Saskatoon Rental Market 2023

The rental market in Saskatoon in 2023 is expected to remain tight, with vacancy rates hitting a historical low of 0.3%, despite some condominiums currently under construction. Rental rates are projected to continue to increase over the next several years, due to the city’s hot rental market and the growing number of young people looking to call Saskatoon home. Demand is likely to remain high, while rental supply will remain low in the coming years, a trend that isn’t expected to change. As a result, landlords and property management companies should continue to focus on providing quality service, amenities, and security for tenants to remain competitive.