What we can say locally comes from the Saskatchewan REALTORS Association's resale data, not a foreclosure count: 446 homes sold in Saskatoon in August, 6.6 percent above the ten-year average, the profile of a market with active demand, not one full of distress sales.
The mechanics also work against a fast spike here even if financial stress were building. A lender has to apply to the Court of King's Bench for a judicial sale rather than repossessing directly, and that process runs through a lawyer rather than a repossession agent, the same lawyer whose fees, typically $800 to $1,500, handle a straightforward Saskatoon closing.
If a real increase in defaults were happening in Saskatoon, it would show up first in that court process, not in a comparison to a spike somewhere else entirely. Get your hand-reviewed valuation from Joel Dyck.