Saskatoon predicted to lead real estate growth in Western Canada

Saskatoon predicted to lead real estate growth.

Deal with the Saskatoon mortgage expertsMarcel Brossart and Chelsey Limay  you can rely on at Your Mortgage Link.You can sure that you have looked at all of the options, and that you have the best mortgage products and the best mortgage rates to suit your needs.

In a recent Mortgage Broker News  article Steve Randall shared that Saskatoon predicted to lead real estate growth.he thought Saskatoon predicted to lead real estate growth in Western Canada

Enjoy our latest Saskatoon Mortgage article!

Real estate growth in Saskatoon is set to outpace other markets in Western Canada over the next five years.

That’s the finding of a study by the Real Estate Investment Network (REIN) which says that beginning 2018 the Saskatchewan capital will be a strong market as business growth and diversity, along with relatively affordable housing options, make the region attractive for businesses and families.

“The city’s economic diversity has helped to cushion the housing and commercial real estate markets from dramatic downturns witnessed in other Western Canadian cities,” the report states. A stabilization of oil prices and other exports have led to an improved labour market in the Saskatoon region in the past year.

The Real Estate Investment Network agrees. The organization describes itself as a real estate coaching company, which sells annual memberships to investors and entrepreneurs.

“But Saskatoon and Saskatchewan as a whole has food, fuel, fertilizer and farmers. Those four Fs definitely are going to be needed in the future,” he said during a telephone interview from Vancouver.said Don Campbell, who founded the group.

Campbell’s organization said Saskatoon is bucking the trend set by other Western Canadian cities with a lower-than-average GDP decrease of just one percent in 2016. This is one of the factors that led them to share that Saskatoon predicted to lead real estate growth.He said 60 percent of the provincial GDP is now produced in the services-producing sector, which is a shift from traditional areas of growth.

“If you are going to be buying and you are going to be parking some capital in there, now is the time to be patient and wait for the right property, rather than just go pick any property like you could five years ago,” Campbell said.

Saskatoon predicted to lead real estate growth.

This year, Saskatchewan saw nine percent growth in exports, which shows an increase in employment-based economic growth, his report said.

Officials at the Royal Bank of Canada predict Saskatchewan’s real GDP growth will be 1.8 percent in 2017 and 2.3 percent in 2018.

Your Mortgage Link is a Saskatoon-based brokerage operation. Chelsey Limay & Marcel Brossart the best Saskatoon mortgage team. Their goal is to offer their valued mortgage clients a range of mortgage products and to get the best Saskatoon mortgage rates possible from Canada’s top lenders.

Current Interest Rates
5 Year Variable2.30%
1 Year Fixed2.44%
2 Year Fixed2.54%
3 Year Fixed2.79%
4 Year Fixed2.94%
5 Year Fixed (High Ratio)2.79%
5 year Fixed (Uninsurable)2.99%
7 Year Fixed3.59%
10 Year Fixed3.74%
Home Equity
Line of Credit
3.70%

Rates are subject to change without notice. For the most current rates, call (306) 244-4663.