Paul Martin's Business Update - January 13th, 2015

The biggest change in the provincial housing market in 2014 was seen in North Battleford, more particularly in the multi-family unit segment of that city’s residential market.

While virtually every city in the province saw an increase in the number of housing starts last year – especially on the multi-family side as builders were looking to offer up some lower cost options to buyers – the jump in North Battleford was unmatched.

Back in 2013, the city saw four multi-family units started. Last year that number increased to 80, a jump of 40-times.

Now, it was still on the lower end of the scale in terms of new multi-family starts, ahead of only Weyburn and Yorkton, but it was a significant change. The perennially hot market in Estevan maintained its momentum last year as it saw more new single homes started than Moose Jaw which has more than double the population.

Actually only Prince Albert, Lloydminster and the two major cities – Regina and Saskatoon – had more single family starts than Estevan last year.

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