Saskatchewan had an incredible housing market boom in 2021, setting a housing sales record of 17,387 homes sold. This new record has surpassed the previous record set in 2007 by 17%.
Although the amount of new listings in Saskatchewan did improve in 2021, the inventory of homes dropped significantly throughout the province by almost 17%. With inventory numbers reduced and a coinciding strong demand, this ensured that the market favoured the seller. With these changes came the almost 8% rise of the benchmark price to $284,200. Granted, there was also a large variation of property types and location, from single family homes that were only 1% below previous highs, to condominium’s that remain 17% below the notorious highs of 2014.
Despite the
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