Saskatoon is one of Canada’s fastest-growing cities, drawing people in with its vibrant culture, growing economy and family-friendly feel. With a population growth of 1.46-1.85% each year, the city is on a steady growth trajectory. This growth is putting more demand on the housing market, presenting both opportunities and challenges for potential buyers. 

In Saskatchewan’s real estate market, homes with rental suites offer unique opportunities for buyers. These revenue-generating units, often called basement or secondary suites, offer significant advantages for long-term investment potential and financial viability, especially as housing costs continue to rise.  

First-time home buyers in Canada have two separate tax-exempt accounts they can choose from to help them save for a down payment on their home purchase. It is important to understand each of these financial tools independently and how they can work together to assist in purchasing a home.

Mortgage refinancing may be a strategic solution to the financial struggles Canadians are facing by lowering the overall monthly payment commitments and improving cash flow. 

Those entering the home buying market for the first time are about to see some help from Federal government initiatives. These proposed measures are meant to bolster purchasing power of first-time home buyers and make home ownership dreams more accessible. 

Mortgage rates in Canada can seem complicated and mysterious to many potential homeowners, but they are determined by a series of understandable and predictable factors.  Let’s breakdown some of the factors to offer more clarity and insight into this important aspect of the home buying process:

One of the biggest influences in the journey to homeownership is the credit score. Let's learn about how.

For anyone in the process of looking for their first home or a new home, the term “amortization schedule” has likely come up a number of times. While it may sound confusing, it is crucial to understand what an amortization schedule is and how it will impact any current or future mortgage. Here is a breakdown on what it is and what it does for a mortgage.

In an era with higher mortgage rates and economic turmoil, Canadians are looking to save money on their mortgage now more than ever. Efficiently managing mortgage payments can help reduce the total costs of borrowing over the life of the mortgage. This savings can add up to thousands of dollars back in the pockets of Canadian homeowners. Here are some strategies to help homeowners save money on their mortgages.

Before diving into the condo market in Saskatchewan, it is important to do some research to better understand all the challenges.