Proximity to the University of Saskatchewan and to major employers tends to support steadier rental demand than a neighbourhood far from either.
Older neighbourhoods with lower purchase prices can look attractive on a rent-to-price basis, but they often carry more deferred maintenance and unpermitted work through the City of Saskatoon than a newer suburb, which changes the real return once repair costs are counted.
CMHC's mortgage guidelines, including a minimum credit score of 600 on an insured mortgage, apply to an investment purchase the same way they apply to any other Saskatoon buyer. Running the actual numbers on a specific property beats picking a neighbourhood by reputation. Get your hand-reviewed valuation from Joel Dyck.