Firmly completed Saskatoon real estate sales took a small downturn compared to last week, slipping three to forty-eight house and condo sales, just one unit ahead of the same week last year. New listings of Saskatoon homes remained stable on a week-over-week basis coming in at ninety-seven properties, twenty-one fewer than were offered for sale [...]
Remax released it’s 2010 Market Trends Report today stating that “healthy levels” of inventory and demand that is gaining momentum are moving the Saskatoon real estate market towards a “full recovery.” Other tidbits from the Saskatoon section of the report include the following: While sales are still off of last year’s numbers average prices continue [...]
Saskatoon real estate sales cooled off this week as just fifty-one house and condo sales were reported to the local MLS, a drop of thirteen units compared to the previous week, but ahead of sales for the same week last year when just forty-five homes changed hands. Reports of multiple offers continued, especially in the [...]
Insisting that Canada is not facing a housing bubble, Finance Minister Jim Flaherty announced a tightening on mortgage lending rules, which he says will “help prevent negative trends from developing.” Effective April 19, 2010 the following changes will take effect. Home buyers must qualify for their mortgage using the five-year fixed mortgage rate, regardless of [...]
Canada’s Finance Minister, Jim Flaherty will announce this morning a change in lending rules that will further limit the amount of cash buyers can borrow to finance a home according to a report on Globe and Mail. Stimulus cash, and historically low interest rates have created an enticing environment for Canadian home buyers who have [...]
One of the most exciting on-going developments in technology has to be mapping. Today, maps are moving to new levels that go far beyond simple directions and street views. Data that is location specific and appropriately tagged with geo-coordinates is flowing onto the web at a rapid pace finding its way onto maps, and changing [...]
February seems to have led us into a spring groove with sales and listing activity that appear quite normal, and avoid the extreme highs or lows that have been typical of our market for some time. Certainly, inventory is tight in some price ranges but demand is not unusually robust as it had been during [...]
Competition Commissioner Melanie Aitken has moved to bring the Canadian Real Estate Association (CREA) before a Competition Tribunal to seek a ruling that would force CREA to change MLS rules that she believes limit competition and harm consumers. Following a lengthy investigation, the Competition Bureau announced in early November that they believed some of CREA’s [...]
Saskatoon real estate sales numbers continued to bring hope that spring is on its way as agents reported a total of sixty house and condo sales to the local MLS, a drop of just three properties from last week and a gain of eleven compared to the same week last year. The new listings that [...]
The Saskatoon Region Association of Realtors recently reported January 2010 results for the entire residential category of Saskatoon real estate that includes single-family homes, condominiums, semi-detached properties, duplexes, mobile homes and vacant lots. Unit sales totaled 179 properties across all of these property types, at an average selling price of $270,191. Let’s have a look [...]
The Saskatoon Region Association of REALTORS® (SRAR) released the residential real estate statistics for January 2010 today, accompanied by this release. Saskatoon REALTORS® assisted 179 homebuyers with the purchase of a home during January of 2010. This number was down 16% from January 2009 when 212 homes changed hands. The average residential selling price was [...]
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