Saskatoon housing is expected to boom in 2014, says a report by the Star Phoenix. Economic growth, supported by a steady population and healthy consumer spending, will maintain – if not increase – the current market interest in housing and encourage further sales. The construction of unit rentals is estimated at 4,000 in number, with vacancy at a projected mere there percent. Price growth is predicted to be moderate.
New homes constructed in Saskatoon in 2013 was estimated at 4,000 units and at a cost of $4 billion. Housing sales was brisk and both renovated and new units were in demand, thanks in part to a high employment rate, affordable mortgage costs, and the ongoing influx of migrants.
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