As you may have heard in the news, on social media, or even from a friend, the Saskatoon real estate market in 2021 was unlike any other we have ever seen. With record-breaking sales, low inventory, and high demand, it was the perfect recipe for a seller's market, which, thankfully, many were happy to take advantage of! So what exactly was the breakdown of the real estate market statistics? Here are the highlights:

2021 Home Sales in Saskatoon

Saskatoon closed out the 2021 real estate market at the end of December with 5,403 sales. Not only was this 27% above the sales seen in 2020 and 36.8% above the 10-year average, but it was actually record-breaking for the city's industry. In fact, we didn't just surpass the previous sales record set in…

742 Views, 0 Comments

Read Full Post

Are you concerned with the current real estate market in Saskatoon? Have you been saving for a down payment but haven’t been able to qualify for a mortgage? Are you watching home prices rise and feeling like you may never get to a point where you can afford to buy a property? 

No matter how disappointing it can feel, you are certainly not alone! Many first-time homebuyers often find themselves also unable to reach that initial mortgage qualification status. But did you know that there is alternative financing that may just be what you need? Let me introduce you to the shared equity mortgage.

What is Equity?

Okay, starting from the basics—in order to understand what a shared equity mortgage is, you’ll first need to understand the principle of…

594 Views, 0 Comments

Read Full Post