Residential
Saskatoon continues to offer affordable housing despite the dramatic rise in house prices in other major Canadian cities.
Average price for housing
| Saskatoon | $187,595 |
| Halifax | $213,327 |
| Montreal | $219,149 |
| Ottawa | $264,928 |
| Canada | $294,880 |
| Edmonton | $321,307 |
| Toronto | $368,687 |
| Calgary | $393,307 |
| Vancouver | $531,688 |
Source: The Canadian Real Estate Association (February 2007)
Preliminary housing starts
| Single-Detached | Multiple-Family | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2006 | 2005 | % Change | 2006 | 2005 | % Change | 2006 | 2005 | % Change | |
| Saskatoon CMA | 959 |
751 |
27.7 |
537 |
311 |
72.7 |
1,496 |
1,062 |
40.9 |
| Saskatoon City | 621 |
451 |
37.7 |
504 |
275 |
83.3 |
1,125 |
726 |
55.0 |
| Surrounding Area | 338 |
300 |
12.7 |
33 |
36 |
-8.3 |
371 |
336 |
10.4 |
Source: Canada Mortgage and Housing Corporation (CMHC), Market Analysis Centre
Apartment vacancy rate and average rent
| Dwelling Type |
Vacancy rate (%) | Average Rent | ||||||
|---|---|---|---|---|---|---|---|---|
2006 |
2005 |
2004 |
2003 |
2002 |
2001 |
2000 |
2006 |
|
| Bachelor | 6.70 |
7.00 |
5.60 |
4.50 |
5.00 |
3.80 |
2.90 |
$395 |
| 1 bedroom | 3.10 |
5.30 |
4.80 |
3.10 |
2.60 |
2.00 |
1.40 |
$496 |
| 2 bedroom | 4.80 |
7.40 |
7.20 |
5.30 |
4.40 |
3.30 |
1.70 |
$608 |
| 3 bedroom | 4.80 |
10.10 |
9.40 |
5.10 |
4.70 |
5.90 |
1.80 |
$639 |
| Total | 4.85 |
7.45 |
6.30 |
4.40 |
3.70 |
2.90 |
1.70 |
$535 |
Source: CMHC 2005 Rental Market Report - City only, excludes rural areas
