Here is how the average house price looks like in Saskatoon over the years. First graph is annual prices from 1981, second graph is monthly from 2002.
Here is how the average weekly wage looks like in Saskatoon.
Here is growth of the average weekly wage and average house price, indexed from Jan 06.
If wages moved at the same pace as house prices since 2006, the average weekly wage would have climbed from $680 to be over $1400 today, but unfortunately, the average weekly wage in Saskatoon is just over $850. What will happen to wages when the boom ends, since the time period of Jan 2010 until now, wages are not even beating inflation on average?
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