Sales are running 6.6 percent above the ten-year average for August, and Joel Dyck narrows that citywide figure down by bedroom count, lot size and neighbourhood once he knows what a specific family actually needs. A minimum down payment in Saskatchewan is 5 percent on the portion of the price up to $500,000 and 10 percent on anything above that, which is one of the first numbers a family sizing up a purchase should confirm with a lender before house hunting, not after finding a house.
A four-bedroom two-storey and a three-bedroom bungalow at the same benchmark price are not equivalent purchases, and neither is a house with a permitted, legal secondary suite a family could rent out, since that income potential does not show up in an online estimate the way it shows up in an actual walkthrough.
Getting from the citywide benchmark to the right number for a specific family means comparing actual sold homes of the size and type you need. Get your hand-reviewed valuation from Joel Dyck.