According to the Saskatchewan REALTORS Association, Saskatoon's benchmark price sits at $444,700, and a buyer who expects to relocate for work within 2 to 3 years, or who is still deciding between neighbourhoods, usually comes out ahead paying rent while deciding.
Renting also fits someone rebuilding credit or saving toward a larger down payment, since CMHC's minimum down payment rule requires 5 percent up to $500,000 and 10 percent on the portion above that, and reaching that number takes time for most first-time buyers.
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