The Saskatoon Real Estate Market Is Heating Up: What Investors Need to Know
- Wayne Hillier
- Apr 28
- 3 min read
Updated: May 1
By Wayne Hillier, Real Estate Investing Masters
April 28, 2025 | Saskatoon, SK
The Saskatoon real estate market is making headlines — and for good reason.
Today, homes in some neighborhoods are selling for up to $100,000 over asking price, fueled by low inventory, rising demand, and a surge of buyer activity. But what does this mean for real estate investors? And how should you react when markets like Saskatoon start firing up?
Let's dig into the facts and lessons from today's live Real Estate Investing Morning Show.
Quick Facts About the Saskatoon Market Right Now:
As of this week, less than 550 homes are actively listed on the MLS across Saskatoon.
Of those, over 210 homes are already conditionally sold — meaning almost 40% of active listings are already under contract.
Many properties are experiencing multiple offers, and bidding wars are becoming more common, especially in the $300,000 to $450,000 range.
Days on market are dropping sharply, and many well-priced homes are selling within 24 to 48 hours.
Detached houses and townhouses are leading the charge in demand.
Why Is This Happening?
Saskatoon's real estate boom is being fueled by a combination of:
Affordable pricing compared to larger cities like Calgary, Edmonton, or Toronto.
In-migration from other provinces and international buyers.
Limited new construction due to high building costs and labor shortages.
Low rental vacancy rates, encouraging both end-users and investors to buy.
As Wayne and Gabby discussed on today's show, when inventory falls this low and buyer urgency rises, it often signals that a market is entering the expansion phase of its real estate cycle.
What This Means for Investors
If you're investing in or around Saskatoon — or considering it — here are a few important points to remember:
✅ Markets move faster than you think.
When inventory tightens, buyers (and investors) start to panic. If you wait too long, you’ll find yourself competing in overheated bidding wars.
✅ Preparation wins.
Investors who are pre-approved, know their numbers, and can move fast will capture opportunities before prices escalate even further.
✅ Don’t chase appreciation blindly.
Stick to fundamentals like cash flow, stable tenant demand, and buying properties below replacement cost — even in a hot market.
✅ Know the cycles.
Saskatoon was a slower market during much of the 2010s. This recent surge is proof that every market goes through cycles — expansion, oversupply, recession, and recovery. Smart investors position themselves early and hold through the cycle.
✅ Stay disciplined.
Avoid emotional bidding and buying simply because "everyone else is." Great deals still exist — you just have to act swiftly and intelligently.
Lessons for the Bigger Picture
The Saskatoon story isn't just about one city. It's a case study on how quickly market conditions can change across Canada.
In real estate investing, success often comes down to recognizing these market shifts early, trusting your due diligence, and staying committed to fundamentals — not headlines.
Wayne and Gabby have been teaching this for years on the Real Estate Investing Morning Show: "Patience and preparation beats panic every time."
🎙️ Want to hear the full Saskatoon market breakdown?
Catch today’s episode here:
🔗 Spotify
🔗 Youtube
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