Brodie's Real Estate Update - June 2023

June is here and it's starting to feel like summer! I hope you are enjoying the nice weather we have been having. I would like to give you an update on the current real estate market from the month of May.

At the end of May, there was a total of 1,066 active listings (compared to 1,190 this time last year), with 690 being single-family homes, 137 townhouses, and 239 condominium-style homes. Inventory in Saskatoon has continued to stay low and is slightly lower this year as opposed to last year. Overall, there have been 538 sold properties in the month of May, compared to 537 sold properties at this time last year. The supply is lower this year as opposed to last year, and the number of sales is relatively the same.

The average sale price for single-family homes was $464,926 (compared to $439,197 last year), townhouses were $316,552 (compared to $302,884 last year), and condominiums were $206,809 (compared to $239,377 last year). As you can see, the average prices of single-family homes and townhouses have increased in comparison to last year, whereas the price of condominiums has slightly dropped. These slight decreases are likely a result of the increase in interest rates in the past year. The increase has slightly dropped the demand and prices of properties compared to the past year. However, there is still very high demand and low inventory within the market, so we have continued to see a booming real estate market. 

Below are some visual statistics of this past month's market. 

If you are looking to buy or sell or would like more information on the current market, give me a call today.


Brodie's Real Estate Update - November 2022

I hope you are well and are ready for another Saskatchewan winter! I wanted to take a few minutes of your time to update you on our current market! 

As the Bank of Canada continues to fight inflation with interest rate hikes, we have been asked our opinion on the impact it will have on the Saskatoons housing market. Our short answer is, we see minimal risk to our housing market.

The Saskatchewan economy remains strong and is still the most affordable Province to live in within Canada. Although interest rates have historically had an adverse effect on prices, low supply continues to keep upward pressure on prices. We are seeing a low housing supply in our city (25% below the 10-year average) and with construction costs high and labor short, we do not see this trend changing soon.

Let’s compare this with the last financial crisis in 2007-2008. During that financial crisis, Saskatchewan was one of the only places (State or Province) in all of North America that did not see 2 consecutive quarters (a definition of recession) decrease in GDP. Saskatchewan’s economy will remain strong over the short term. A conference board of Canada article recently stated that “Economic growth in Saskatoon is expected to outpace 12 other major cities in Canada with 7.2 percent in real GDP growth this year and 3.9 percent next year.”

Population growth. Our city continues to grow continually putting pressure on the housing supply. Did you know our largest demographic is the 30-40 age group? Yes, not the boomers. Saskatoon is young, prosperous, and affordable.

Real Estate in Saskatoon, historically, has been a safe and non-volatile investment. Year over year our benchmark price is up 4.4% for the city.

This is a quick look at our opinion, supported by facts. There are a lot of good things happening here. Don’t let the macroeconomic data scare you. If you want a more microeconomic view (or info breakdown for your city if it is Martensville or Warman etc.), give me a call, text, or DM. I am happy to help!

Stay warm!


Saskatoon's Home inventory low - Brodie's March 2021 Real Estate Update

March 2021 -

I hope you are enjoying this change in weather! It sure felt like winter was extra long this year (knock on wood).

The Saskatoon Real Estate market is currently experiencing lower than usual supply. This coupled with low interest rates has created upward pressure on prices. This comment, however, is subjective to the price and style of the real estate being sold. Let me show you what I mean:

This table shows us a metric called "months of supply". Typically 4-5 months of supply is considered balanced. Less than 4 months (Sellers Market) is advantageous to sellers (as it puts upward pressure on prices) and anything above 5 months (buyers market) typically benefits buyers and give them more negotiating power. As you can see, on the right side of the graph, the entire Saskatoon market seems to be in "Sellers" territory (except for 1M+). The table below shows the further break down of the Single family home market vs. the condo market in Saskatoon.

This table is important as it shows a more balanced market in the condo segment and a pure sellers market in the sub 1M+ single family segment. So... what does this mean?? If you are thinking of selling, current market conditions are the best they have been in many years. If this is you, or you know of friends or family looking to sell, let's connect! I would love to share additional market information with you and let you know what marketing strategies, in order to maximize your return, we use in this type of market.

Brodie Zuk 306.361.5393


Brodie's 2018 Saskatoon Real Estate Review

Happy New Year!

As we enter 2019, it is very important that we reflect on 2018 so that our decisions in the new year are as efficient as possible. I have attached a graphical analysis on the 2018 Saskatoon Real Estate Market for your viewing pleasure and I will briefly summarize my analysis and predictions below.

2018 vs 2017 (Year over year) looked like this:

-          # of homes sales was down -4.7%

-          Dollar Volume was down -8% (this is the total amount of Real Estate sold within the city)

-          New Listings were down -11.3%

-          The Sales to New Listings ratio was 42% (the highest in 4 years)

-          Total inventory was at a 6.5 months supply

-          The Average sale price was down -3.4%

-          The sale to List Price Ratio was 96.3%

-          The Average Days on market for the homes that did sell, was 55.4 days.

Written summary

With the tightening of lending rules and increasing interest rates, we have seen fewer transactions this year vs. last. Less people are being qualified for mortgages due to the rule changes. These potential buyers will be forced to continue to rent until the economy picks up in the prairies.

A decrease in dollar volume reflects less sales and a lower average sale price. The tightening of lending rules and increasing interest rates have put a lot of down ward pressure on home sales in the $450,000+ as less people can afford those homes.

With buyers market conditions, less sellers may elect to sell as they face a potential loss (depending on when they bought). The number of building permits issued to builders this year vs. last in also down about half in the city of Saskatoon. This indicates some home builders have decided to hold off from building until market conditions improve.

Due to a lower supply of listings, the sales to new listings ratio was the highest it had been in 4 years (7,956 new listings/ 3,329 sales).

Months of inventory is a very subjective stat. What it signifies is that if no new listings come for sale, the length of time it would take to clear out the current supply. A figure over 6 months represent a buyers market. (We did see a sellers market during some month in 2018 in the 200-400k price range).

Over supply and lending tightening put downward pressure on prices in 2018. The Average sale price was down -3.4%.

The sale to list price ratio of 96.3% is the lowest it has been in the last 10+ years. Those who must sell are taking offers lower than they would take if market conditions were different.

The average days of market for a home that sold was very similar to 2017 (55.4 vs 54.5).

My predictions for 2019

I believe that we are blessed with a very diverse economy in Saskatoon, and that our city will continue to expand in 2019 (with a large expansion in the technology & agriculture sectors). This will push demand as those who are qualified for home ownership search and buy their home. Careful attention will be put on the Bank of Canada and interest rates, as too many increases may keep buyers cautious. I predict 2 interest rates increases (I was saying 4 a couple months ago) based off Canadian economic indicators. I predict that sellers and builders will continue to adapt to a decreasing supply trend and a lower supply will help keep some upward pressure on prices. I predict that by the end of 2019 (if we see more than a .5% increase in interest rates) we may start to see some slight upward pressure on Rents as more people are forced into renting vs homeownership (thus making now a great time to buy).

2019 will be a balancing act between supply and demand, and I predict that price changes we be neutral. 2019 should look very similar to 2018 unless we see a large economic stimulus (ie. Oil pipe line, higher potash prices, etc..)

Give me a call if you would like some more information or you are looking to buy or sell! Brodie Zuk - (306) 361-5393


According to Energy Star, thirteen percent of your home’s energy bill is spent on cooling. Wondering how you can keep those expenses from rising all while lowering the temperature this summer? Here are three easy ways to keep your home cool and comfortable.


1.     Turn up your fan. Air conditioning eats up a ton of energy while it's running. Rather than lowering your air conditioning, turn up your fan instead. According to the Department of energy, using a fan to move the air around your home can make it feel a couple degrees cooler.

2.     Do the little things. Close your curtains during the day, properly seal windows and doors, or turn off the oven. Reducing the sunlight that shines into your house during the day makes a big difference as does not allowing warm air to draft in from outside. Kitchen heat spreads to the rest of the house, so if possible do your baking in the evening.

3.     Replace your thermostat. A programmable or smart thermostat can be used to optimize your heating and cooling throughout the whole year. Program your thermostat to use less heating or cooling while you’re at work or the kids are at school or when you’re sleeping. It can be a hassle to constantly adjust the thermostat manually, so let your thermostat do if for you. A smart thermostat does the same thing, but allows you to adjust the temperature while you’re away from home. Some even sense the temperature in different rooms and adjust the heating and cooling automatically.



When the weather gets hot in the summer the energy bill tends to skyrocket. The best solution is sometimes the most simple, so before your go breaking the bank try these tips. They may just keep you from breaking into a sweat when the next SaskPower letter comes.

Saskatoon is the place to be during the summer. Taste of Saskatchewan, Sasktel Saskatchewan Jazz Fest, Nutrien Fringe Fest, Shakespeare on the Saskatchewan, Saskatoon Folkfest, and the Saskatoon Ex are just a few of the great festivals coming to YXE this year. But some of Saskatoon’s best fun isn’t at an organized event. The South Saskatchewan River gives Saskatoonians a free and convenient way to make memories during the warmer months. Here are 5 great beach ideas to add to your summer bucket list.


1. Explore the river in a canoe, kayak, or on paddleboard


Whether you join the Saskatoon Canoe Club or bring your own boat, paddling the South Saskatchewan is a must in the summer. For serious paddlers, the Chief Whitecap Waterway runs from Gardiner Dam to Saskatoon and provides more than 100 kilometers of river to explore. For those who prefer a more laid-back experience, you can find plenty of adventures closer to the city. Launch your craft at the Fred Heal Canoe Launch, park on a sandbar for lunch, and wrap up the trip by getting out of the river at Victoria Park.


2. Have a beach day


Just outside of Saskatoon city limits you can explore some beautiful beaches perfect for spreading out a towel and grabbing a tan, playing Spikeball, or tossing a frisbee. Whether it’s Paradise Beach on the west shore or Fred Heal on the east, the river offers numerous places to relax and recharge. Just remember to clean up after yourself and leave the beach as beautiful as you found it.


3. Take your dog to the beach


Did you think you were the only one who deserves a beach day? Our canine friends love the water just as much (and maybe more) than we do. Just outside of Saskatoon lies the community of Furdale and the Chief Whitecap off leash dog park. A parking area is available off Saskatchewan Crescent or you can hike from Diefenbaker Park to the beach via a Meewasin Valley Authority path. Once you get to the off leash area set your four-pawed friend free and relax. Equally suitable for humans, Chief Whitecap Park is one of Saskatoon’s best kept secrets.


4. Go for a bike or a hike along the river


Although this won’t actually put you into the river (unless you get lost), exploring the river valley by land is just as fun as using the water. The Meewasin Valley Authority has been working hard to not only conserve the river valley, but also make it more accessible by installing more than 80 kilometres of Meewasin Trail. Maps of the valley and the paths and trails that line it can easily be found online.


5. Float down the river


This final activity might require the least amount of energy out of all the items on this list. Grab an inner tube or inflatable raft, a PFD, and a paddle, and you have everything you need to kill an afternoon on the river. Depending on where you launch from and how fast the river is flowing you could be in the river for one hour or four. An easy first float is to launch from Diefenbaker Park and get out at Rotary Park. Here are a few pro tips. Make sure you have a lifejacket for everyone on board as well as a paddle for each craft. Tie all the floats together so you don’t get separated from your friends. Bring plenty of drinking water, sunscreen, and good summer music, and you’re set for a lazy afternoon on our beautiful river.



Once you finish this list, do it again! The great thing about the river is it isn’t going anywhere so you can enjoy it as many times as you want. The river is always changing, so every week could bring a different adventure. The river is one of Saskatoon’s most beautiful features and it is even more beautiful when you’re up close and personal with it.



Here are some links that may be helpful in planning your next river adventure:


the Meewasin River Valley Authority website

City of Saskatoon river safety brochure

Saskatoon Canoe Club website

Chief Whitecap Waterway website



Brodie Zuk and Tim Hollman are Saskatoon Real Estate Agents who are commited not only to buying and selling real estate but, also to the promotion of a healthy community-centered lifestyle. For more information on how Brodie and Tim can help match you and your family with your Saskatoon dream, give them a call at (306) 361-5393 or (306) 230- 1126.


Currently in Saskatoon's Real Estate Market there are 1644 active listing, and an additional 981 in the surrounding areas of the city. In January, solds & listings were both UP 6% year over year vs. 2016 in Saskatoon. Sales were up 15% year to date (with listings down 8%) in the surround areas (most notably Martensville, Warman, Osler, acreages..etc). Of the 1644 listings in Saskatoon: 42% are condos and 44%+ are vacant (166 of those vacancies are newer builds (2013+). 


Traditionally, many people hold their breath during an American election year, as the results usually influence our economy. It seems that the recent result has had a positive influence on our resource driven economy YTD, most notably with Oil being up roughly $8 a barrel since Trump won. If trade relations remain strong with the US (how about that Trudeau Handshake!), I would assume that there will be continued demand on our resources from south of the border. Continued resource demand = more disposible income + more potential population gains = more housing demand.


Having recently spoken with one of the larger builders in the city, I was informed that they had their strongest January in a few years. They noted that many of the buyers who were waiting on prices to continue to cool, seemed to have had a change in sentiment on the economy and decided it was time to act! These are all positive things and it seems the real estate cycle may be working to get out of the stagnation we have seen over the last few years.


Another postive was released last week from STATSCAN, indicating that the 5 fasting growing cities in Canada from 2011-2016 were all in the prairies, with Saskatoon (+12.5%) and Regina being 3 & 4 respectively. These numbers help support that population growth has been a key to keeping our housing prices level, with lower oil prices over the last couple of years.


At the end of the day, housing is a commodity (I always argue it actually a necessity in our climate) which fluctuates due to many different variables. A key variable is the bank of canada's over night rate (we usually (always do..) peg ours with the federal reserves (USA)). I believe it will be important for us to keep a close eye on the over night rate in the next 12 months as that will give us a good idea of where housing prices are headed in the prairies.




Presented by Brodie Zuk (Realty Executives Saskatoon) of


I ran into an amazing article on the website today ranking Saskatoon as the Healthiest City in Canada (among 10 other cities selected). It always feels good to be a part of such an amazing community.



I always love the end of the year because it allows us time to look back on where we came from, and to plan ahead for the future! In this email I wanted to give a visual summary of Saskatoon's housing market broken down into the single family home segment of Saskatoon's individual neighbourhoods. Why? Well, anything you read in the newspaper is a generalization of a segmented and very subjective market, and can potentially be very misleading.


When people ask me:" How's the market?", I usually ask them how much time they have, as "the Market" is very complex and diverse.



Over the last year, Saskatoon has had a slight decrease (-1.18%) in the average value of a home (This figure is up 6.70% over the last 5 years). Our market is very stagnate at the moment. My opinion on this is: "GOOD". With our economy being stagnate, it is good to see housing mirroring this. WHY? This means there is not artificially pent up demand going on. Separate from Vancouver or Toronto's housing market, housing in the conservative land of Saskatchewan seems to be traded as more of a necessity, as opposed to a speculative investment. We are less volatile because of this, we are safe, hell... we are HAPPY and HEALTHY too (see article above).


How did your Neighbourhood hold up over the last 365 days? Take a look a the visuals below.

(*Note – I believe strongly in the Econometrics and the reasoning behind the methodology of the HPI Index. Because the index only compares data from exact resales, newer neighourhoods are omitted until there is sufficient data to present).


AREA 1 – Housing Price Index last 12 months – Single Family Home

 Saskatoon Housing Market 2016

AREA 2 - Housing Price Index last 12 months – Single Family Home

 Saskatoon Housing Market


AREA 3 - Housing Price Index last 12 months – Single Family Home


Saskatoon Housing Market 2016


AREA 4 - Housing Price Index last 12 months – Single Family Home

Saskatoon Housing Market 2016


AREA 5 - Housing Price Index last 12 months – Single Family Home

Saskatoon Housing Market 2016


As you can see, the market truly is very diverse! Remember this is only for single family homes, as condo data is newer (Condos became more popular in the early 80s in Saskatchewan) and is less reliant for resale data (at the moment).


Hope you have found this information of VALUE and if you ever have any more Real Estate related questions, please let me know. HAVE A GREAT CHRISTMAS!


If you or anyone you know has any questions regarding this information please call or email! I would be happy to give the HIGHEST LEVEL of Professional service if you or someone you know is buying or selling their house! I love referrals!

I am always available to answer any questions or concerns regarding Real Estate in Saskatchewan! Remember I do Farm and Commercial real estate too!

Like me on facebook, I try and always keep my audience involved or stay up to date on my website at .

"Christmas is the spirit of giving without a thought of getting. It is happiness because we see joy in people. It is forgetting self and finding time for others. It is discarding the meaningless and stressing the true values."

-Thomas S. Monson



 I hope you are well, and are enjoying this very moderate weather as we approach another holiday season (the season of giving).


 ​DID YOU KNOW THAT: Saskatoon Residents Donate on average $410 dollars per person a year! That's $130 more than the Canadian average, and $30 more than Saskatchewan's Average! Way to go SSKTN!


Brodie’s Real Estate Report (October 2015)

This month, I wanted to focus on housing price inflation within different areas of the city of Saskatoon (Using the MLS Housing Price Index)! The question I wanted to answer was this: Were certain neighborhoods within their respective areas, appreciating more than others over the last 7 years?


AREA 1 : Arbor Creek vs. East College Park vs. Lakeview vs. Willowgrove

WINNER: East College Park



AREA 2: Brevoort Park vs. Eastview vs. Haultain vs. Varsity View



Area 3: City Park vs. Richmond Heights vs. Silverwood Heights



AREA 4: Caswell Hill vs. Holiday Parl vs. Riversdale

WINNER: Riversdale


AREA 5: Confederation Park vs. Montgomery Place vs. Parkridge




I have some very EXCITING market analyse below. Questions I will answer: What are current housing inventories and months of supply? How were sales in October 2105 vs. previous years?


Read along for all these answers.... it's pretty good stuff!



There were a total of 294 sales in Saskatoon last month, which was 25% lower than last October. 213 of those sales were single family homes and 83 of those were condominiums. Currently, there are 1238 single family homes and 711 condos on the Saskatoon real estate market for Sale. Listings are up about 8% vs. last year.



The below graph shows the number of sales in Saskatoon (Areas 1-5 represent within city limits). Historically, federal elections months tend to have below average sales. October 2015 supported that trend, as 91 fewer homes sold in October 2015 vs. October 2014. 



Which price ranges have the highest months of supply?? Typically anything between 4-8 months of supply is considered a balanced market. Anything lower is a seller's market; higher, a buyers market.



Sales to Listing Ratio

(<40% = buyers market, 40-60% = balanced market, >60% = sellers market)

Sales to listing Ratio for Areas 1-5 for October 2015 = 38%

38% of homes listed on the MLS in October actually SOLD.

Sales to Listing Ratio for Areas 6-9 for October 2015 = 41%

If you or anyone you know has any questions regarding this information please call or email! I would be happy to give the HIGHEST LEVEL of Professional service if you or someone you know is buying or selling their house! I love referrals!


I am always available to answer any questions or concerns regarding Real Estate in Saskatchewan! Remember I do Farm and Commercial real estate too!


Like me on facebook, I try and always keep my audience involved or stay up to date on my website at .


"Freedom is never given, it is won."

- A. Philip Randolph



Brodie Zuk,  REALTOR®
Realty Executives Saskatoon
c. 306.361.5393
o. 306.373.7520
f. 306.955.6235
* Statistics from: 
* Data from MLS Housing Price Index (For further information please review econometric process at
This information was taken from my monthly email out to my customers and clients. If you would like to be added to this list, please let me know.

What home buyers love to see


Buyers are more likely to make an offer on your home if they see a lot of things they love about it. So what do buyers love to see?


One of the main things they like to see is a lot of space. Of course, you can't change the size of your rooms, but there is a lot you can do to make small spaces in your home seem more spacious.


Buyers also love to see a clean and uncluttered home. Think of how inviting a hotel room looks at first glance, with everything neat and organized. Of course, your home isn't a hotel, but the more neat and attractive you can make each room, the better.


One thing buyers don't love to see is potential maintenance issues. So as much as possible, get things fixed or updated.


In fact, the more "finished" and "move in ready" your home looks, the more likely a buyer is to make an offer.


Don't forget the surrounding neighbourhood either. A buyer may not take the time to explore the area, so be sure to make a list of the most appealing features. You might want to take a picture of the brand new playground just down the street or print off a local map showing nearby shopping, theatre and other points of interest.


It's not about creating a false impression. Rather, it's about making your home look its best and drawing attention to its most enticing features.


Want more home selling tips? Call Brodie today!


You have smoke detectors. Your doors have good locks. The bathtub has a slip-free pad. By all accounts, your home is a safe and secure place for your family to live.


However, there are some hazards that many homeowners don't consider or even know about. For instance:


  1. Blocked eavestroughs. Eavestroughs clogged with leaves and other debris can cause rainwater to overflow next to your foundation and create a basement leak.


  1. Clogged dryer vents. High temperature air combined with lint is a near ideal condition for a fire. Check and clear the dryer vent at least once a year.


  1. Dirty faucet heads. Kitchen and bath faucets often have built-in screens to spray the water evenly. Unfortunately, dirt and other contaminates can build up on these and, possibly, affect the quality of the water. Clean faucet heads regularly.


  1. Tripping hazards. You could step around a loose section of carpet for years and then one day, in a moment of distraction, trip over it and fall. When you see a potential tripping hazard in your home, don't ignore it. Fix it.


Being diligent about home safety takes a little more time. But, if it prevents one injury or illness, it's worth the effort. 

The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
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