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Archives for January, 2011

6

Saskatoon real estate week in review: January 24-28, 2011

Following a two week slide, new listings on the Saskatoon multiple listing service® took an upward turn as agents brought 103 single-family homes and condominiums to the market to record a gain of five compared to the previous week, but up forty-five units when compared against the same week last year. Units sales also headed [...]

2

Saskatoon housing affordability shows slight year-over-year improvement: Demographia

Housing affordability in the Saskatoon area improved slightly for the second consecutive year, according to the 7th Annual Demographia Housing Affordability Survey, but not enough to remove it from the ranks of the most “seriously unaffordable” places to buy a home. According the Demographia’s estimates, Saskatoon home buyers can expect to pay 4.3 times the [...]

8

Saskatoon real estate week in review: January 17-21, 2011

After coming back with a vengeance during the first week of 2011, new listing activity slowed again for the second week in a row as Saskatoon real estate agents brought just ninety-eight single-family home and condominium listings to the local MLS® system. The weekly totals mark a week-over-week decline of fifteen properties, and twenty-five fewer [...]

0

Art Gallery of Saskatchewan “rock solid” for River Landing

City manager Murray Totland says the proposed $50-million Art Gallery of Saskatchewan is now “rock solid” with all funding agreements between Saskatoon and the provincial and federal governments completed.  Announced two-years ago, the art gallery is still in the design stage but construction should begin as early as 2012. The gallery will be built next [...]

14

Feds announce tighter mortgage rules to rein in record household debt

Speculation ended this morning as Canadian finance minister Jim Flaherty announced the details on new changes to the country’s mortgage rules, some which will take effect as early as March 18. In a move expected to remove 20,000 of the most marginal prospective buyers from the housing market this year, the maximum amortization period for [...]

5

Saskatoon real estate week in review: January 10-14, 2011

The Saskatoon real estate market bounced out of the holiday slowdown this week to begin its march towards spring. Local agents reported a total of forty-two house and condo sales to the Saskatoon MLS® system, a gain of eighteen over the previous week, and ahead of the same week in 2010 by just two units. [...]

0

Canadian resale housing solid in December 2010: CREA

CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for December, 2010. From the release. “Actual (not seasonally adjusted) national sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards was down 14.4 per cent on a year-over-year basis in December 2010, which reflects [...]

37

Deteriorating affordability sidelines Saskatoon first-time home buyers in 2010

You may recall, back in early September, while mentally struggling with the idea of rising average sale prices in a not so hot market, I resorted to some deep number crunching, as I often do, and realized for the first time this year that some real significant changes had started to occur. I pointed out [...]

2

Saskatoon real estate week in review: January 3-7, 2011

Happy New Year! The first week of 2011 produced weak sales in the Saskatoon real estate market, as expected. Generally, this week’s completed sales would be a reflection of homes that went under contract during the final week of December when few buyers are actually out making purchase decisions. Over the course of the week [...]

1

Strange stories – House mistakenly demolished while owner on holidays

After spending “several weeks” renovating his Pittsburgh home, Andre Hall took a break for the holidays. When he returned he found a backhoe sitting where his house used to be. It seems that a demolition order that had been withdrawn by the court after Hall bought the house as a rehab project was mistakenly executed [...]

1

Neighbourhood renewal is a difficult process and perception is a big part of the battle

Curtis Olson wrote an excellent post called “It’s good in the hood,” on the Saskatoon Speaks blog. He talks about the renewal that’s occurring in the Riversdale area and how the area is changing as new people move in. This kind of renewal is hard and it takes a long time but new development in [...]

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