Cost of living is the practical reason most people actually move, and Saskatoon's benchmark price relative to income means a bigger share of a household's paycheque stays available for everything else, from a shorter commute to more disposable income month to month.
The tradeoff is scale: Saskatoon does not offer the job market depth or the amenity density of a much larger city, and winters are genuinely cold for anyone relocating from a milder climate. Whether that tradeoff is worth it depends entirely on what a specific buyer values and what their income needs to stretch to cover.
The market itself is healthy by the numbers, but whether Saskatoon is the right move is a personal calculation, not a market one. Get your hand-reviewed valuation from Joel Dyck.