You’ve no doubt heard a lot about a Canadian housing bubble. The national media has featured stories on it every week for months. Of course, the big question on everyone’s mind is, “Just how overvalued are Canadian homes?” CIBC economists throw out some pretty precise figures in their “Economic Insights” report released today titled, “Ottawa [...]
Canadians from coast to coast saw a higher percentage of their income going towards housing costs in the second quarter of 2010, largely driven by an increase in house prices and mortgage interest rates when compared against the first quarter. This marks the fourth consecutive time that RBC’s “Housing Affordability Measure” rose. According to the [...]
Saskatoon real estate sale numbers for the week came in at their highest point in the last month with seventy-four houses and condominiums reported firmly sold through the local MLS system. That’s a gain of twelve units when compared with last week and it marks another year-over-year gain. During the same week last year sixty-seven [...]
I’m pleased to tell you that the TeamFisher blog has scored a major home run with Michael Derbowka’s agreement to author the occasional post for us. As a specialist in real estate law, Mike understands the ins and outs of the real estate transaction. His writing and practical insights will be a great resource for [...]
Homes can be sold under almost any market conditions but when demand is low and supply is high things get tougher for home sellers. As I write this article, the active inventory of residential MLS listings in Saskatoon sits at 1,364 properties. Based on five-year averages, buyers can expect to see roughly 488 new MLS [...]
Saskatoon real estate sales (houses and condos) matched numbers recorded last week as local agents brought sixty-two firm transactions to the multiple listing service®, a decline of nearly two-dozen homes when compared against sales during the same week in 2009. New listings for the week took a slight dip dropping four units from last week [...]
MSN Money just did a feature on the ten most expensive resale housing markets in Canada. It uses average selling prices from across the country for the month of August, 2010. Saskatoon came in at number eight on that list. Meanwhile, Statistics Canada released some income figures from the tax returns of Canadians and Saskatoon, [...]
CREA economist Gregory Klump reports on MLS sales and listings for the Canadian real estate market in August, 2010. The actual release and some stats graphs can be found here. I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email. Norm [...]
This week, Saskatoon real estate sales fell towards the softer side of what’s “normal” for this time of year but still registered numbers that exceeded those recorded during the short week in August when just fifty-three sales were reported. Agents posted sold signs on sixty-two homes, a drop of six from the previous week and [...]
The Saskatoon Region Association of Realtors recently reported August 2010 results for the entire residential category of Saskatoon real estate including single-family homes, condominiums, semi-detached properties, duplexes, mobile homes and vacant lots. Unit sales totaled 313 across all of these property types, a decline of roughly twenty percent compared to the previous August when 392 [...]
We’ve done some cool things over the years to set our listings apart from the competition. None have been quite as exciting to me as this custom-made yard sign that is now offered as part of our full-service marketing plan. Compared to past efforts we’ve made to capture and pique the interest of potential buyers [...]
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