In a short report from CIBC economist Benjamin Tal says there are “clear signs that the Canadian housing market is softening.” He points to a small decrease in the national sales to listings ratio and the smallest year-over-year price increases since October 2010 as leading indicators of a softening real estate market. “While we do [...]
In 2011, Saskatoon and Regina both saw housing starts increase to levels not seen since the early 1980′s, according to a senior market analyst for the Canadian Mortgage and Housing Corporation (CMHC). Builders in Saskatoon started construction on 1,608 single-family homes and 1,386 multi-family dwellings for a total of 2,994 homes, up from 2,381 last [...]
There seems to be a growing consensus that Saskatchewan is poised for growth and several economists expect our province to lead in 2012. Is economic growth a good thing? Here’s an interesting perspective.
As 2011 draws to a close it’s clear that Canadian housing has performed better than most expected this year. It’s also clear, that in some markets, buoyant conditions and aggressive price increases have some experts talking about a price bubble again. There are a wide range of commentary, opinions and predictions coming forward and I [...]
Saskatoon’s future is bright, according to a report presented to city council on Monday night. The 215-page report, prepared by MXD Developments Strategists of Vancouver projects that Saskatoon’s population would hit 325,000 by 2028. By then, the city will require six new hotels, a thirty percent expansion in retail space from 10 million square feet [...]
Zoning changes proposed by Victory Majors Investments that make River Landing Village “economical” were approved by Saskatoon city council at their November 22nd meeting. The Meewasin Valley Authority (MVA) followed with their approval on Friday, paving the way for a potential spring of 2012 ground breaking. Victory Major Investments took over the project from Lake [...]
Saskatoon will require 10,000 new homes in the next three years, and the vast majority will be built in new suburbs, stated a report going to city council Monday. Concerns about urban sprawl are raised. Read more from the Saskatoon Star Phoenix here.
Canada Housing and Mortgage Corporation (CMHC) released their third quarter update on the Saskatoon housing market late last week. It takes a look at third quarter and year-to-date activity in new homes as well as resale activity. Here are some highlights from the report. Third quarter housing starts slipped lower to 735 units, down 4 [...]
Last week, I wrote a brief post providing details on the Saskatchewan Party’s plan to provide a tax credit to first-time home buyers that would save then up to $1,100 when purchasing their first home. I’ve just been reviewing the housing strategy for the New Democratic Party (NDP), which is substantially more comprehensive. According to [...]
“Buoyed by high prices and strong demand for commodities, Saskatchewan is poised to lead the nation in economic growth again next year, after posting a nation-leading 4.3-per-cent economic growth in 2011.” More here.
In a follow up to its recently released report titled, “House prices likely to fall for several years,” Capital Economics says that a housing downturn will hit Canada’s economy hard, much like it did in the United States. The overview of the report argues the following points, and others. The now inevitable downturn in the [...]
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