Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

Should a first-time buyer choose Saskatoon?

Saskatoon is a reasonable choice for a first-time buyer, with a citywide benchmark price of $444,700 that keeps a large share of the market inside the 5 percent minimum down payment tier under $500,000. The Saskatchewan REALTORS Association also reports 1.63 months of supply, which is a market with more balance than the tightest big Canadian cities.

Affordability is the main draw. At $444,700, Saskatoon sits well below the benchmark price in most other major Canadian cities, so a first-time buyer's down payment and mortgage insurance premium go further here than in many comparable-sized markets.

The tradeoff is selection during a busy season. With 446 sales reported in a recent month and new listings up 12.3 percent year over year, well-priced homes in good condition still move quickly, so a first-time buyer should have financing sorted before they start touring.

Joel Dyck works with a steady stream of first-time buyers and knows which neighbourhoods fit a starter budget. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

Still have a question?

Ask Joel directly. No form, no obligation, and a real answer even when the answer is that now is not the time to sell.