Statistics released recently show that the average listing price of a house on the real estate market using the multiple listing service (on the web: mls.ca) is up 25% over last year.  That makes Saskatoon the third highest gain in Canada, behind both Edmonton and Calgary.

To give you an idea of what this would mean as a return, consider this example:

Last February, you bought a home for $200,000 CDN, putting down a 25% down payment (that would be $50,000).  In March of 2007, you turn around and sell the home for a 25% profit on your purchase price (that would be $250.000.)  You would make $50,000 CDN profit (not included fees, taxes, etc.) giving you a whopping 100% …

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