Saskatchewan Remains a Buyers Market: CREA
The Canadian Real Estate Association says house prices in Saskatchewan dropped by just over 1 percent in 2019, but the price drops were slightly larger in its two largest cities.
The CREA says the MLS Housing Price Index Benchmark Price in Saskatoon was $293,700 in November of 2018, and $287,500 in November of 2019 – a drop of 2.1 percent.
The drop was even larger in Regina, where the HPI Benchmark Price dropped from $274,800 in November of 2018 to $259,600 in November of 2019 – a drop of 5.5 percent.
For the province as a whole, the MLS HPI Benchmark Price dropped from $283,953 to $280,757 from November of 2018 to November of 2019.
The CREA says the result is that Saskatchewan will likely remain a buyer’s market for the foreseeable future.
You can read the full report on the CREA website