Saskatchewan Mortgages and Home Loan
BySaskatoon mortgage: The world’s largest publicly traded uranium company, Cameco, and the world’s largest potash producer, PotashCorp, have corporate headquarters in Saskatoon, Saskatchewan. Nearly two-thirds of the world’s recoverable potash reserves are located in the Saskatoon region.[1] Uranium plays an important role in Saskatoon’s economy, with the city also hosting AREVA NC Canadian headquarters (a subsidiary of France-based AREVA). Many medium-sized mining companies also have their head office or regional offices in Saskatoon, such as Shore Gold, Denison Mines, Great West Exploration, and Claude Resources. Recently, layoffs in Saskatoon area Potash have neared 2,000 to add to hundreds each layoffs in oil and gas, uranium and gold/diamonds. With such rich resources and vast assets, home ownership is a natural next step.
Saskatoon is one of Canada’s most affordable cities and homeowners’ costs range around the fourth lowest among Canadian cities. Saskatoon homeowners pay only 1/5th of their pre-tax household income on housing while the national average is almost 1/3rd. This makes for an attractive mortgage and home ownership environment.
Mortgage lenders tend to consider the Saskatoon Mortgage market as quite good and many lenders will consider doing a Saskatoon Mortgage. Contact a Mortgage Shopper Canada mortgage broker to help answer any questions on mortgage qualifications and funding.
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