Saskatoon’s commercial real estate markets demonstrate resiliency

We’ve just released our 2Q21 market surveys and all three sectors are reporting a reduction in vacancy.

Remarkable statistics considering the economic storm we’ve been passing through!

It appears that our resource rich economy is only going to continue to improve with the recent upcycle in commodity markets.

International demand for food, fertilizer and fuel have turned the corner after a slow 2020.

Let’s take a look at each sector individually.

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Permanent pandemic practices for the good

Saskatchewan has entered step three of our reopening plan and most restrictions from public health orders have been lifted.

But does that mean we should all go back to business as usual?

I think there are a few pandemic measures we could all just continue with.

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Prairieland won’t be saddled with losing bet

Administration at Prairieland Park has disclosed they have endured ongoing losses at Marquis Downs over $500,000 annually during the last five years prior to the pandemic. 

With no place to relocate, this will effectively end professional horse racing in Saskatchewan.

There seem to be a lot of mistruths circulating about whether or not Prairieland has the authority to discontinue the sport on their site.

You bet they can.

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