Over the past year, the Saskatoon housing market average selling price has increased 49 percent. This has pushed the average selling price to $240,000 in 2007.
While this can be both exciting and scary for those in the housing market, there are no signs of a decline.
The most conservative estimates put the average selling price at $250,000 for 2008. We must also realize the average selling price in Canada is $303,000.
Even though the housing market took a dramatic leap in 2007, we are still behind most Canadian housing markets. This simply means there is still room to grow.