Saskatchewan real estate forecast predicted to delay provincial growth plans
Global News
Chris Guérette said if the provincial government has any hope of reaching its goal of 1.4 million people by 2030, more homes need to be built in the province.
A Saskatoon real estate group has forecasted an even worse housing shortage for the future, saying it will hinder provincial growth goals.
Chris Guérette, the CEO of the Saskatchewan Realtors Association, said if the provincial government has any hope of reaching its goal of 1.4 million people by 2030, more homes need to be built in the province.
“From apartments to condos, to single-family homes, to row housing — anything that is considered a home that someone would want,” Guérette said. “You want to have a housing continuum that is strong enough that allows people to move within it with relative ease.”
Guérette said Saskatoon is looking at 2.6 months of housing inventory.
“We are always concerned about inventory levels because that means, are we ready to accept that growth, are we ready to accept those people into our province,” Guérette asked.
A report from the Saskatchewan Realtors Association stated the city of Saskatoon’s sales declined for the fourth consecutive month in April.
“We are seeing the market start to align to seasonal trends in terms of sales and listings,” said Guérette. “We are still outperforming the market compared to what it was like pre-pandemic.
The report said this was the lowest supply levels in Saskatoon have been in April since 2008, nearly 37 per cent below 10-year averages.
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