Business View Magazine l October 2022

40 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 10 perties D uring COVID, despite predictions to the contrary, real estate markets across Canada experienced record high sale prices and a housing boom of historic proportions. As many sectors of the economy ground to a halt, limited housing inventory flew off the shelf with multiple offers on single-family properties the norm, and properties routinely sold well above the asking price throughout the height of the pandemic. The market in the last few months, however, has taken a downturn and for the first time in several years, it is now buyers who are taking hold of the steering wheel in many housing markets from coast to coast. For the Saskatchewan market, however, particularly in its beautiful capital city of Saskatoon, the slowdown in housing demand and the effects of a national cooling of the housing market has not been felt. Buffered from the interest rate storm, Saskatoon continues to remain a very attractive place to buy a property and a great place for developers to continue to build top-rated housing communities for AT A GLANCE ARBUTUS PROPERTIES WHAT: A privately-held land developer WHERE: Based in Saskatoon, Saskatchewan WEBSITE: CREATING PREMIUM, SUSTAINABLE COMMUNITIES