Saskatoon Housing Affordability

In Saskatoon, a single-family house ownership costs take up 35.6%

Saskatoon Mortgage

In Saskatoon, a single-family house ownership costs take up 35.6% of a typical household’s pre-tax income. Housing affordability eroded slightly in the 2nd quarter (RBC).

Saskatoon Housing Affordability
Type Price Affordability*

Q4 2017

Single-family detached $391,800 35.6%
Condominium apartment $220,700 20.9%

Q1 2018

Single-family detached $383,800 35.6%
Condominium apartment $210,200 20.5%

Q2 2018

Single-family detached
Condominium apartment

Q3 2018

Single-family detached
Condominium apartment
Source: RBC

*The RBC Housing Affordability Measures show the proportion of median pre-tax household income that would be required to service the cost of mortgage payments (principal and interest), property taxes, and utilities based on the median market price for single-family detached homes and condo apartments. The higher the measure, the more difficult it is to afford a home.




The affordability measures are based on a 25% down payment, a 25-year mortgage loan at a five-year fixed rate, and are estimated on a quarterly basis for 14 major urban markets in Canada and a national composite.

HOUSING AFFORDABILITY IN CANADA (Q2 2017)

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