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Saskatoon housing market remaining steady during COVID-19 pandemic

Click to play video: 'Housing market in Saskatoon: Is it the best time to buy a house?' Housing market in Saskatoon: Is it the best time to buy a house?
WATCH: The housing industry in Saskatoon is slower but remains steady, according to experts – Apr 11, 2020

The housing industry in Saskatoon is slower but remains steady, according to experts.

Residential construction hasn’t tapered off in the Bridge City and across the province as people are looking to buy new homes creating demand for workers.

READ MORE: COVID-19 could mean fewer short-term rentals and more housing stock, experts say

“We may not be at peak efficiency,” said Saskatoon and Region Home Builders Association CEO Chris Guérette.

“We may not be employing and building the same amount, but at the same time, people are still working and are supporting their families.”

She adds, as of today, the industry has roughly 26,000 workers in the province. Each providing a role in the development of a home.

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Safety measures such as social distancing have forced contractors to go to online programs to keep potential buyers up-to-date.

“I have a program, an online scheduler where I can upload all my documents,” said Edgewater Development owner Dax Zoorkan. “I can put all the photos from what was done that day or at different stages so clients and customers can see.”

And right now it is a buyers market.

“If you are in the market to buy a new home there has been no better time to do it (then right now),” said Guérette.

“You’ll absolutely get more for your bang for your buck right now then you did probably a year ago.”

READ MORE: B.C. government vows to protect renters facing eviction due to coronavirus

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She says buyers could use a number of provincial and federal granted programs such as low-interest rates, tax credits and PST rebates all at the same time.

She adds more information can be found on their website at saskatoonhomebuilders.com.

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