The Star Phoenix
House prices in Saskatoon edged up in the fourth quarter of 2011, according to
brokerage firm Royal LePage.
Its House Price and Market Forecast Survey shows year-over-year house prices in Saskatoon increased slightly across all three housing types surveyed, due mainly to low interest rates helping motivate buyers to enter the market.
An average standard two-storey home rose 2.6 per cent year-over-year to $368,750, a detached bungalow increased 0.9 per cent to $334,250 and a standard condominium sold for an average price of $232,333 — a 3.3 per cent year-over-year increase.
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