Saskatoon home prices stabilizing
More homes are up for sale in Saskatoon and their average price is headed for a plateau.I am not an expert in geology but I'm pretty sure a plateau is flat and not a decline of more than $30,000.
"We're more on par with 2003, 2004, 2005 - so we're indicating a return to a more normal, stable environment," he said, adding the market is expected to stay in a similar state for some time.This August sales were at a 10 year low. And clearly not on par with 2003, 2004, 2005.
This comes shortly after a desperate article (4 pages!)tackling the Merrill Report stating that Saskatoon is 50% overvalued.
Star Phoenix is one of CanWest minions along with the Edmonton Journal and Calgary Herald. See previous post on Saskatoon here.