The population of Saskatchewan has hit another all-time high. New population numbers released by Statistics Canada show that 1,086,564 people were living in Saskatchewan at the end of October 2012.
That’s an increase of 6,606 people in the third quarter of 2012, and an increase of 23,024 people from October of 2011.
Most of the population growth in the last three months came from international migration, with more than 3,700 people moving here from other Countries. Almost 1,300 people moved to Saskatchewan from other provinces during the third quarter, with more than half of those newcomers coming from the province of Ontario.
248 people moved here from Manitoba in the past quarter, 194 people came from British Columbia, and 34 came from Alberta.
The Provincial Government has a goal of 1.2 million people living in Saskatchewan by the year 2020. If our population growth continues at last year’s rate of 2.1 percent, we will have 1,281,845 people living in Saskatchewan by this time in 2020.
Our population growth bodes well for the housing industry in Saskatchewan, and for sales of existing homes in the province. Prices throughout most of the Province have pretty much doubled since this time 6 years ago, and they have been stable, or slowly rising for the past couple of years.
Plans are underway for a new neighbourhood in downtown Saskatoon, which could someday be home for as many as 12,000 people.
The new neighbourhood will be bordered by 24th Street to the South, Idylwyld Drive to the West, 33rd Street to the North, and First Avenue to the East.
Plans for the new neighbourhood are in the hands of a Vancouver company, Perkins & Will, which will be paid $315,000 to develop a plan for the new area.
The City is hoping the new neighbourhood will be an environmentally friendly, walkable community connected to the downtown core.
It will likely be awhile though before you see any development towards the new neighbourhood. The City first has to figure out where to move the City Yards, which takes up a good chunk of the area. The City is hoping to move the Yards to the Montgomery Place area, but no plans for that have been yet been made.
We’ve been tracking the average asking price of our Saskatoon sellers for the past few years, and the latest evidence shows that averaeg asking prices are continuing to slowly increase in the Saskatoon area.
The average asking price of Saskatoon listings on saskhouses.com during the month of November was $363,965, an increase of just over $17,000 from the average asking price in November of 2011, and about $19,000 more than the average asking price of $344,249 in November of 2010.
Average Saskatoon asking prices hit a three year high of $386,591 during the month of October. The lowest average asking price we’ve seen since we started tracking them was $302,806 in January of 2011.
The chart below shows the average asking price of Saskatoon listings since January 2010.