Saskatoon, SK Cheap Homes for Sale

Listings last updated 09/25/2022
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Frequently Asked Questions

Is it cheaper to build or buy a home?

Whether it’s less expensive to build or buy a home varies by market, so it’s essential to know all of the costs involved (detailed below) and get local estimates before deciding which route to take. For example, buying a house involves not only the price of the home (or the down payment if you’re taking out a mortgage), but also the closing costs, insurance, property taxes and homeowner’s association fees, if any. In addition, there’s the cost of repairing/replacing older systems and appliances, as well as renovating the home if it’s not a new construction. Likewise, building a home includes a variety of costs, as well. Specifically, there’s the price of the plot of land; hiring architects and engineers; building permit, inspection and impact fees; excavation and foundation costs. Plus, there’s the actual cost of construction (including labor, materials, finishes, appliances and utility hook-ups). Then, in the case of a land and/or construction loan, there are the associated closing costs, plus insurance, property taxes and the cost of landscaping. Moreover, you’ll also likely have to rent during the build, so you’ll have to factor in temporary housing costs, too.

Which province is the most affordable in terms of real estate?

If you’re looking for low-priced housing, some of the most budget-friendly homes for sale can usually be found in Saskatchewan, New Brunswick and Newfoundland and Labrador.

How many cheap properties for sale are available in Saskatoon, SK?

On Point2, you’ll find 352 affordable houses for sale in Saskatoon, SK, with prices starting at $37,000.

How do I search for cheap homes for sale in Saskatoon, SK?

Browse cheap houses for sale in Saskatoon, SK and check out property descriptions, photos and virtual tours. You can also narrow your search by filtering based on price drops, which can be especially useful when looking for cost-effective properties. Moreover, be sure to use the map view if you’re searching for cheap houses for sale near you.

Open Houses in Saskatoon, SK

$209,900 CAD
Open House
Sun, 2 Oct 2:00 PM to 3:30 PM
  • 2 BedsBds
  • 2 BathsBa
  • Condominium

CITY GUIDE
SASKATOON, SASKATCHEWAN

Saskatoon is a beautiful city located in the southern part of the province of Saskatchewan, around 2.5 hours from Regina. Known for its great history and heritage sites, its beautiful setting by the Saskatchewan River and other attractions, Saskatoon is a great city that has a lot to offer. Saskatoon covers an area of approximately 209.56 sq.km. and has a population of 246,376. Its residents are primarily of European heritage (82.8%) as well as of First Nations (5.4%) and Metis (4.3%)heritage. Saskatoon experiences very prominent and distinctive seasons, with temperatures reaching lows of around -17°C in winter, and mid-to-high 20s in summer.

Saskatoon has an interesting history, and the city was in fact inhabited by Aboriginal people long before European settlers arrived. The city actually has the largest percentage of First Nations residents after Winnipeg. Saskatoon – often referred to as “POW City”– is a cultural and economic hub and boasts a number of desirable natural resources. From oil and gas, to livestock, to wheat and potash, to uranium and diamonds, Saskatoon is very rich in a range of industries that all support the local economy– up to two-thirds of the world’s potash reserves are situated in or around Saskatoon. Other key industries that are growing in Saskatoon include distribution and logistics and digital media.

Saskatoon is divided by the South Saskatchewan River, which separates the city into the east side and the west side. Boasting a number of green parks and spaces, Saskatoon offers a pleasant quality of life and enjoys great arts and cultural attractions. The major sports teams here include the WHL Saskatoon Blades, and the city has some impressive museums, galleries and live theatres, and it hosts a number of festivals and annual events.

Popular areas in Saskatoon include: Avalon, Blairmore, Briarwood, Brighton, Diefenbaker, Dundonald and Eastview.

Saskatoon, Saskatchewan

Saskatoon, Saskatchewan
real estate market overview

Real Estate Market Overview

With a balanced real estate market, a growing economy and low prices, Saskatoon is a very attractive place to buy or invest and prices are still low compared to other cities in Canada, especially in the western areas. The average house price in Saskatoon is approximately $351,000, which has remained fairly unchanged in the last couple of years.

Key buyers in Saskatoon’s market are move-up buyers who are looking for properties priced between $400,000-$500,000 and are seeking something slightly larger. Other active buyers are those purchasing their first property, many of whom turn to the condo market since it’s very cheap. Due to high levels of development in recent years, there is now a larger-than-average inventory of condominiums which has created a desirable market of choice and low prices for young buyers. On the flip side, this does make it difficult for existing condo owners to sell their properties for a high price, so many owners are renting their units instead. The economy in Saskatoon is expected to grow steadily in the coming years, especially in sectors such as agriculture and digital media.

Popular neighbourhoods in Saskatoon include Riversdale and Nutana, which are characterful and historic areas that have undergone significant development and are now very desirable places to live. Another charming and historic area is Sutherland, which is situated within close proximity to the University.

real estate market overview

Cheap Real Estate Market Overview

Saskatoon is very much a buyer’s market, especially for properties such as condos. Saskatoon offers a varied range of real estate, and it’s possible to find single-detached properties in the range of $349,000-$379,000. Condos are also cheap, and are a great choice for first-time buyers and those looking to enter the market. A condo can be found for between $199,000 and $260,000, and there is currently a high supply due to an increase in construction in recent years.

Mortgage rates are reasonable and are expected to increase gradually as the economy grows. While overbuilding in the city has led to a large number of unsold homes, creating less favourable conditions for sellers, it also means that buyers can take advantage of a greater amount of choice and low prices.

cheap real estate market overview

Read more about living in Saskatoon, Saskatchewan.

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