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Archives for March, 2008

104

Saskatoon real estate: Week in review (March 24-29 2008)

Residential listing activity picked up the pace this week with a total of 164 single family homes (houses) and condominiums being offered for sale on the Saskatoon MLS. Total active listings in the residential category finished the week at 470 units including 298 houses and 127 condos. An additional 50 properties are displaying the “conditional [...]

29

Every real estate bubble in history has burst: Garth Turner

Excerpt from a Globe and Mail story on Garth Turner and his latest book, Greater Fool. Garth Turner has some unsettling news for Canadians who’ve tied their financial future to their homes – every real estate bubble in history has burst, and there’s no reason to think it will be different this time. Mr. Turner’s [...]

111

Saskatoon Milroy Apartments tenants offered first crack at converted units

Tenants of the Saskatoon Milroy Apartments received offers to purchase their units from the developer yesterday. Two of them kindly dropped me a note and I thought you might be interested in the details. A tenant living on the 12th floor writes, “We got a package in the mail last night with the price and [...]

63

Saskatoon real estate: Week in review (March 17-20 2008)

New listing activity cooled significantly in the Saskatoon real estate market this week with just 116 properties being offered for sale, down from 156 last week. Still, active listings on the Saskatoon MLS managed to creep up slightly to 423 units including 274 single-family homes (houses) and 112 condos. 63 additional homes are showing as [...]

22

Saskatoon Milroy Apartment tenants lose court challenge to halt condo Conversion

Tenants of Saskatoon’s Milroy Apartments learned Thursday of their lost court challenge aimed at stopping the condo conversion project at their building, which was approved by Saskatoon city council on January 14, 2008. “The decision was that the court is not interfering with city council’s decision. The application to set aside the decision approving the [...]

11

MLS home sales slow nationally in February 2008: CREA

Residential real estate sales softened nationally in February, edging down 6.4% from January, and 9.6% compared to February 2007 according to the Canadian Real Estate Association (CREA). “Snowfall in Toronto made it tough to show prospective buyers, and tough to process a listing,” said CREA President Ann Bosley. “It was one of the toughest months [...]

19

A closer look at the Saskatoon real estate statistics for February 2008

Note: The graphics in this post were updated on March 5, 2009 to reflect the final sale numbers as reported by agents for February 2008. The graphics show the final figures while the commentary reflects the statistics as they had been reported as of the date of the original post. The average selling price of [...]

71

Saskatoon real estate: Week in review (March 10-14 2008)

It was another big week for new Saskatoon real estate listings with 156 residential properties being offered up for sale, the highest number for any week this year. Total active listings settled at 411 units including 251 houses (up from 201 last week) and 116 condos (down from 124 last week). An additional 68 properties [...]

16

Housing affordability slides further in Saskatchewan: RBC

“Saskatchewan is the new Alberta…,” according to RBC’s quarterly Housing Affordability report released yesterday. The catchy subtitle goes on to ask the question, “but for how long?” “Saskatchewan now holds the top spot on growth across all key housing indicators including housing starts, house prices, residential building permits, and re-sale activity… The major erosion of [...]

23

Saskatoon Milroy tenants have their day in court

Tenants of Saskatoon’s Milroy Apartments asked Justice Mona Dovell to overturn the City of Saskatoon’s decision to approve an application to convert the apartments to condos on Tuesday. Andrew Mason, the lawyer representing the group of tenants who are opposing the decision argued that city council either misinterpreted the provincial legislation that governs condominium conversions, [...]

80

Saskatoon real estate: Week in review (March 3-7 2008)

Before I get started here, let me just mention that the Saskatoon Region Association of REALTORS® launched a new MLS® system on Tuesday of last week. While it wasn’t without its glitches the roll out was pretty smooth. One of the hiccups that did occur caused some problems with entering sales, and as of Friday, [...]

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