Saskatchewan Vacation Properties, 2021 Outlook!

Posted by Andrew Slater on Tuesday, December 15th, 2020 at 5:04pm.

 

Will sales of vacation properties in Saskatchewan

be as hot as the residential housing market?

 

Check out this beautiful lakefront property for under $400,000!

The answer?

It's already happened!

Vacation property sales in Saskatchewan went from 291 in 2019 to 459 in 2020, that's an increase of 57.7%! If you are wondering about 2015-2017, we only started tracking these sales in late 2017!

Did the average price go up as well? This chart shows us that the average price went up 10.7% from 2019 to 2020, this is for all of Saskatchewan.

 

 

This chart shows Emma Lake, were the average went up 29.7% from 2019 to 2020!

Obviously, the more popular the lake or the location, the higher the price has gone up.

                                 

              

Yes, usually when demand exceeds supply, prices go up! Read about Supply and Demand here

When we look at the charts below, the first shows that the number of sales from May 2019 compared to May 2020 went up 34.3%.

 
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Looking at the chart below we see that the number of listings from May 2019 compared to May 2020 went down 28.4%

 

It wasn't just vacation properties that experienced a rise in sales! 

"According to RVIA data, June was the best month for RV shipments in nearly two years with an 11% increase over June, 2019 and 45% higher than in May. 

Sales of Type B motorhomes, which are basically built on van platforms, such as a Mercedes-Benz Sprinter, were up 90% in June compared with June, 2019 and up 40% for the year. 

The RVIA notes younger, first-time buyers are scooping up RV’s “in droves” exemplified by a boost in sales of small motorized and towable units."

Read full Forbes article here.

 

"Sales of RVs, boats and other rec equipment booming in Sask."
Read full CBC article here.

 

"2020 Is a Banner Year for Boat Sales"
“All new powerboat segments have recovered from any pandemic-related losses, with double-digit growth in six segments, surpassing pre-pandemic expectations. 2020 has been a banner year for new powerboat retail sales, and we expect that we’ll end the year with annual boat sales reaching a 13-year high.” 

 

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