Saskatoon set to lead real estate growth in Western Canada

Real estate growth in Saskatoon is set to outpace other markets in Western Canada over the next five years.

That’s the finding of a study by the Real Estate Investment Network (REIN) which says that beginning 2018 the Saskatchewan capital will be a strong market as business growth and diversity, along with relatively affordable housing options, make the region attractive for businesses and families.

"The city's economic diversity has helped to cushion the housing and commercial real estate markets from dramatic downturns witnessed in other Western Canadian cities," the report states.

A stabilization of oil prices and other exports have led to an improved labour market in the Saskatoon region in the past year.