Statistics Canada released its Gross Domestic Product numbers yesterday which show that the Saskatchewan economy underperformed on expectations and forecasts of RBC Economics, CMHC, and the Conference Board of Canada, all of which estimated higher growth of between 4% and 4.8% for Saskatchewan in 2007. According to the report, Saskatchewan’s economy grew by 2.8% through [...]
CNN Money is reporting today that the U.S. home foreclosure rate “spiked 112%” in early 2008, and the worst of it likely isn’t over, as some $362 billion dollars worth of adjustable rate mortgages will “reset” this year. More than 155,000 families have already lost their homes this year. Approximately 1 in 194 U.S. households [...]
Saskatoon ranks 17th out of 154 Canadian communities that are rated in the third annual Canadian Business, “Canada’s Best Places to Live” list. This particular report weighs a number of factors including house prices, incomes, crime rates, employment, weather and lifestyle. View the results here. I’m always happy to answer your Saskatoon real estate questions. [...]
Following a few weeks of unseasonably sluggish home sales, the Saskatoon real estate market took an upward bounce this week with 117 condominiums and single-family home sales reported as having firmed up. That compares to just 70 last week, and it even tops the 109 units reported sold for the same week last year. An [...]
Remax Press Release – Kelowna, BC (April 22, 2008) “While higher housing values and tight inventory levels have hampered home-buying activity so far this year, longer amortization periods and alternative housing types have offset the impact on most major markets across the country, according to a report released today by RE/MAX.” “Despite a higher degree [...]
On April 15 when I posted my “Closer Look at the Saskatoon Real Estate Statistics for March, 2008,” I expressed some concern about the accuracy of the numbers and even included a disclaimer warning that there may be some accuracy issues. Indeed, there were. That post has been updated today and I can’t guarantee that [...]
The inventory of Saskatoon real estate listings grew again for the sixth consecutive week moving from 619 last week to 668 by the close of business on Friday. 167 properties were offered for sale including 120 single-family homes (houses) and 41 condominiums. The total numbers of properties available in each of those categories sits at [...]
This from today’s Globe and Mail. It’s time for Canadians to bid the housing boom farewell as data for the first quarter of the year, released Thursday by the Canadian Real Estate Association (CREA), showed a 13 per cent tumble in existing home sales year-to-date. “Canada’s six-year housing market boom is officially over. Aside from [...]
My mid-month “closer look” pretty much always follows SRAR’s month end stats, but then SRAR pretty much always releases month end stats at the end of the month. Due to issues that arise from the way that SRAR normally reports the numbers, combined with the quirks of a new MLS system, those numbers are still [...]
Earlier today, I was speaking with one of my colleagues, Bruce Claggett, who raised the question, “I wonder how many of the homes for sale in Saskatoon are vacant?” Our new MLS system didn’t provide a method of searching by occupancy, so I dropped SRAR an email and suggested that this would be a valuable [...]
Monday night’s meeting of Saskatoon city council’s executive committee produced nearly five hours of “discussion and heated debate,” on proposed changes to the city’s condo conversion policy according to a report in this morning’s Star Phoenix. The majority of the councilors in attendance ultimately voted to put the brakes on the trend toward rapid and [...]
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