Posted by: karicalder | June 9, 2008

U of S Students Expect Tution Hike in 2009

In a recent article by the Saskatoon Star Phoenix, students should expect to see a potential tution hike in 2009.  The University of Saskatchewan is currently in budget discussions with the Saskatchewan Party.  The prior NDP government had put in place tution freezes back in 2005 and 2006 to help stablize the rising costs for students.  There are pros and cons to a tution freeze and in the current Saskatoon real estate market, these are even bigger.

As all of you know, the Saskatoon real estate market has boomed ove the last 2 years.  With that we have seen a huge decline in affordable rental properties for students.  The vacancy rate in Saskatoon is at an all time low and with rising housing costs this will only continue.  Many parents for future University of Saskatchewan students are already thinking ahead and buying condos around the city while they are still affordable.  This will ensure that their children will not have one more challenge to overcome when they head off to University.  As real estate prices continue to rise in Saskatoon and now the possibility of tution going up, it will be a bigger challenge for those students just making it now.

If you are interested in getting involved in the Saskatoon real estate market early and investing in a condo or another property be sure to contact me anytime.

Kari Calder
Saskatoon Real Estate Agent
Century 21 Conexus Saskatoon

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