manatee
Feb 11, 2007, 2:06 PM
Prices in Saskatoon are up 30% since last January, and inventory is down by 50%.
I came up with a few theories
1. All the people from Saskatoon that moved to Calgary have made 100-200k on Calgary realestate in the past couple of years and are cashing out and moving back to Saskatoon
2. Saskatoon economy is hot, people are moving there for jobs and are buying houses
3. Immigrants are moving to Saskatoon because it's cheap compared to Toronto, Vancouver, Calgary
4. Prices have gone up and investors/speculators are buying
5. Retirees from other Canadian cities are cashing out on the gains they had in the past 5 years and moving to Saskatoon which is still affordable compared to other cities.
6. There was very little built in the past 5-10 years, and we just ran out of housing supply due to natural population growth, without any above factors.
What do you think?
Cheers.
I came up with a few theories
1. All the people from Saskatoon that moved to Calgary have made 100-200k on Calgary realestate in the past couple of years and are cashing out and moving back to Saskatoon
2. Saskatoon economy is hot, people are moving there for jobs and are buying houses
3. Immigrants are moving to Saskatoon because it's cheap compared to Toronto, Vancouver, Calgary
4. Prices have gone up and investors/speculators are buying
5. Retirees from other Canadian cities are cashing out on the gains they had in the past 5 years and moving to Saskatoon which is still affordable compared to other cities.
6. There was very little built in the past 5-10 years, and we just ran out of housing supply due to natural population growth, without any above factors.
What do you think?
Cheers.