It's a vote of confidence for Saskatoon's Riversdale area, as Colliers International Real Estate said this week that it will be the next place for people to open up businesses.

Riversdale Business Improvement District Executive Director Randy Pshebylo said the sky is the limit for growth.

"The commercial realtors are starting to see us float to the top of the pile when it comes to affordability for land, for businesses who are getting squeezed out of higher rental rates downtown," he said.

"The fact that the city is undergoing the growth means that Riversdale is coming along, and we're all too happy to be on the coat tails of the city's growth."

Pshebylo credited the reduction in rental housing and the increase in buyers bringing stability to the neighbourhood, and offering businesses a chance to succeed.

Edited by News Talk Radio's Jared Knoll.