Known as the Paris on the Prairies, Saskatoon is the largest city in Saskatchewan. With the South Saskatchewan River flowing through its centre, as well 6 traffic bridges and 2 train bridges, it has also been called the City of Bridges by many, too! No matter what nickname you choose to use, though, there is a lot to love about the city of Saskatoon; and more and more people are choosing it as a wonderful place to live, work and raise a family! Why? Well, here are just 10 reasons why:
Saskatoon lies on the banks of the South Saskatchewan River and has wide, tree-lined streets amid vast parks and green spaces. Listed by Reader’s Digest as one of the top 10 greatest hikes in Canada, the Meewasin Valley Trail extends for 60 kilometres along the east and west banks of the South Saskatchewan River. The trail is also great for cycling, running, and walking your furry friends, and is well-maintained year-round.
From the Wintershines Festival to the Saskatoon Blues Festival, the Fringe Festival to the Shakespeare on the Saskatchewan, Saskatoon is home to many festivals throughout the year. No matter what your interests, there is a season for you, and plenty of fun for the whole family at the city’s annual Exhibition Fair!
As the city’s slogan states, ‘Saskatoon Shines’! No matter the time of year—whether the ground is cloaked in snowy white or graced with green grass—the sky overhead is likely to be filled with sunshine. Residents of Saskatoon enjoy an average 2,381 hours of sunshine every year (a fact which undoubtedly contributes to their sunny dispositions). If you are looking for a place to soak up the sun, visit one of the city’s 198 parks or take a drive out to one of the many nearby beaches found at Pike Lake or Blackstrap Lake Provincial Parks.
What do Paris and Saskatoon have in common? Bridges! Six traffic bridges and two train bridges span the city, all of which cross the South Saskatchewan River, and make travel through the city quick and convenient, no matter where you are coming from.
For those who love live performances on the stage, the Persephone Theatre is made for you! Sigh, laugh, cry, and immerse yourself in the world of creative theatrical performances hosted at the Persephone throughout the year, including comedies, classics, tragedies, and even contemporary pieces. The theatre offers something for everyone, so discover the beautiful world of the human imagination and experience it all for yourself.
The Remai Modern Art Gallery sits on the banks of the Saskatchewan River, and offers 11 gallery spaces and spectacular views of the twisting waterway over the city plains. It hosts an assortment of art designs and tastes from the 21st century, and is regularly updated, so you can visit over and over again for a new experience each and every time!
Wanuskewin Heritage Park is a monument to the history of the Northern Plains indigenous people of Canada. It features a beautifully renovated heritage site—home to exhibits, a gift shop, and gorgeous conference and event spaces—as well as over 6 kilometres of walking trails amongst the stunning landscape. The park is designed to help visitors connect and understand the culture of bygone societies and their bond with the land.
Saskatoon enjoys one of the lowest costs of living among major cities in Canada. This means that you will pay less for housing, utilities, food, and taxes in Saskatoon than in other similar-sized or larger cities. Paying less for these essential things means that you will have more money available for saving or spending on less essential items!
The Saskatoon real estate market is known to be quite generous, giving you much more bang for your buck than other major Canadian cities, such as Toronto or Vancouver. The average price of residential properties in the first quarter of 2021 was just $333,826. The mature Nutana area, the family-friendly Sutherland neighbourhood, vibrant City Park, and the peaceful Avalon district are some of the most popular places to settle down in.
Of course, these are just some of the reasons you’ll love living in Saskatoon, should you decide to buy a home here. If you’re ready to move to Saskatoon please reach out to me. We can discuss your neighborhood, and lifestyle wish list and find a home that will suit your needs!
The Saskatoon real estate market is hot right now. Buyers are searching for homes for sale quicker than they are coming on the market, and homes in certain price ranges are seeing an increase in value. This is making it even tougher to get onto the property ladder as a first time home buyer. These programs from the Government of Canada may be helpful to you if you are ready to start your house hunt:
The First-Time Home Buyer Incentive is just like it sounds—an incentive for first time home buyers to buy their first house.
If you have the minimum down payment for an insured mortgage, you can apply to finance a portion of your home through a shared equity mortgage with the Government of Canada. For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion.
A shared equity mortgage is where you take a smaller mortgage, in exchange for your lender owning some equity in the home. You’ll essentially become a co-owner of the property alongside your bank lender. You’ll get to live in the house, but only borrow a fraction of the purchase price. When you sell the house, you’ll share the profits and losses from the sale with the lender, in line with your equity share.
The Home Buyer’s Amount is a non-refundable credit for first-time home buyers and buyers with disabilities. It offers a $5,000 non-refundable income tax credit amount on a qualifying home acquired during the year. For an eligible buyer, the credit will provide up to $750 in federal tax relief.
The Home Buyers’ Plan is a program through the Canada Revenue Agency that allows eligible first-time home buyers to withdraw up to $35,000 in a calendar year from their RRSP to buy or build a qualifying home. The program states the funds withdrawn must be paid back within 15 years.
To begin buying a house, start by assembling a team of real estate professionals to guide you through the process. Your lender can help you understand exactly what you can afford, and the steps you can take to afford the home you want. They can also give you solid advice on whether the first-time homebuyer incentive is something you should participate in. Your lender can then provide you with a pre-approval which will help your REALTOR® assist you in not only finding a home, but also in making an offer and negotiating the real estate agreement on your behalf!