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Updated over 1 year ago on . Most recent reply

User Stats

23
Posts
26
Votes
Eagle Yeh
  • New to Real Estate
  • Toronto, Ontario
26
Votes |
23
Posts

Saskatoon Growth Potential

Eagle Yeh
  • New to Real Estate
  • Toronto, Ontario
Posted

Dear Canadian BP community,

I am exploring more markets to invest in remotely. Based on what I read in this report, Saskatoon still seems to have great potential as the landing city for new immigrants: https://www.saskatoon.ca/sites...

A few questions for those who invest there or live there:

1. Crime rate: Although the crime rate is dropping year-over-year (pg.13), the severity rate is actually above Calgary, Edmonton, and Regina. What is the good neighborhood do you recommend where this is much of a lesser concern? (ex. https://blog.remax.ca/best-pla...)

2. Cash flow: Do SFH still cash flow with 20% down?

3. Interprovincial move: There are more and more people leaving the province. My guess is new immigrants are leaving the province once they meet the required stay after landing. If this is true, it puts Saskatoon heavily dependent on immigration demand. I like to find markets with the capability to retain the population long term. Do you see another aspect of Saskatoon that meets this criterion?

Thank you!

Most Popular Reply

User Stats

7
Posts
4
Votes
Adam Duh
  • Warman, SK
4
Votes |
7
Posts
Adam Duh
  • Warman, SK
Replied

@Itsik Morin Riversdale is hit and miss. Properties closer to the river are generally good, but a couple streets down can be rough. Personally, I think it could be an up-and-coming neighborhood. There could be opportunity in the future with the new arena bring built downtown too.

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