Comments on: Saskatoon MLS listings inventory falls below one thousand homes http://teamfisher.com/saskatoon-mls-listings-inventory-falls-below-one-thousand-homes/ We're bringing Saskatoon real estate to life Tue, 07 Feb 2012 19:41:41 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Rick http://teamfisher.com/saskatoon-mls-listings-inventory-falls-below-one-thousand-homes/#comment-3340 Rick Sat, 24 Oct 2009 04:41:50 +0000 http://www.teamfisher.com/?p=5089#comment-3340 Mark Carney says he expects Canadians to be prudent about borrowing, that's like telling children to keep their fingers out of the cookie jar. Inflation almost has to run away in the future, I mean how can the government raise interest rates to control it, if they do they will put how many homeowners into foreclosure? It will be interesting to see how many, and for how long, the governemnt can juggle these manipulative economic stratetgies. It would be interesting to hear the thoughts of the 300 + 800 workers who have just been laid off, how their jumbo sized mortgages and bloated debt load will be impacted by their greatly reduced income. I think the 4 mil down payment is due at the end of the month for river landing, if it was coming I'm sure it would already be here, I don't think it's coming. Edited by mod: http://www.teamfisher.com/the-rules/ Mark Carney says he expects Canadians to be prudent about borrowing, that’s like telling children to keep their fingers out of the cookie jar. Inflation almost has to run away in the future, I mean how can the government raise interest rates to control it, if they do they will put how many homeowners into foreclosure? It will be interesting to see how many, and for how long, the governemnt can juggle these manipulative economic stratetgies. It would be interesting to hear the thoughts of the 300 + 800 workers who have just been laid off, how their jumbo sized mortgages and bloated debt load will be impacted by their greatly reduced income. I think the 4 mil down payment is due at the end of the month for river landing, if it was coming I’m sure it would already be here, I don’t think it’s coming.

Edited by mod: http://www.teamfisher.com/the-rules/

]]> By: Norm Fisher http://teamfisher.com/saskatoon-mls-listings-inventory-falls-below-one-thousand-homes/#comment-3339 Norm Fisher Fri, 23 Oct 2009 12:36:22 +0000 http://www.teamfisher.com/?p=5089#comment-3339 CMHC bubble is 100% made in Canada - http://bit.ly/2aj5M and other bubble talk crediting CMHC - http://thetyee.ca/Opinion/2009/10/22/BubbleWillBurst/ CMHC bubble is 100% made in Canada – http://bit.ly/2aj5M
and other bubble talk crediting CMHC – http://thetyee.ca/Opinion/2009/10/22/BubbleWillBurst/

]]> By: Jen http://teamfisher.com/saskatoon-mls-listings-inventory-falls-below-one-thousand-homes/#comment-3338 Jen Fri, 23 Oct 2009 05:12:00 +0000 http://www.teamfisher.com/?p=5089#comment-3338 Thanks for that article, Maureen. “Ottawa created CMHC in 1946 to house returning war veterans. Its main objective is now to facilitate access to more affordable and better quality housing for Canadians.” I thought this quote was a bit curious, as despite its objective, it appears that its current practice is to increase demand, and therefore raise prices- or at least support them. This is an interesting post about the CMHC’s practices that was posted back in July, and I believe was referenced on this blog: <a href="http://americacanada.blogspot.com/2009/07/cmhc-and-our-government.html" rel="nofollow">CMHC-Canada's Breaking Point</a> Speaking of goosing demand: <a href="http://tinyurl.com/yl2z6qe" rel="nofollow"> Bank of Canada monitors real estate surge</a> “Bank of Canada Governor Mark Carney says he has “some concern” that the surge in the housing market is unsustainable, although for now the boom in home buying remains a significant factor in Canada's economic rebound. “We do have some concerns about it,” Mr. Carney said at a press conference Thursday. “Obviously, consumer borrowing cannot not grow faster than the economy forever.” Thanks for that article, Maureen.

“Ottawa created CMHC in 1946 to house returning war veterans. Its main objective is now to facilitate access to more affordable and better quality housing for Canadians.”

I thought this quote was a bit curious, as despite its objective, it appears that its current practice is to increase demand, and therefore raise prices- or at least support them.

This is an interesting post about the CMHC’s practices that was posted back in July, and I believe was referenced on this blog:

CMHC-Canada’s Breaking Point

Speaking of goosing demand:

Bank of Canada monitors real estate surge

“Bank of Canada Governor Mark Carney says he has “some concern” that the surge in the housing market is unsustainable, although for now the boom in home buying remains a significant factor in Canada’s economic rebound. “We do have some concerns about it,” Mr. Carney said at a press conference Thursday. “Obviously, consumer borrowing cannot not grow faster than the economy forever.”

]]> By: Rick http://teamfisher.com/saskatoon-mls-listings-inventory-falls-below-one-thousand-homes/#comment-3337 Rick Thu, 22 Oct 2009 23:53:58 +0000 http://www.teamfisher.com/?p=5089#comment-3337 Jason Liu, Thanks for the info :) Jason Liu,

Thanks for the info :)

]]> By: Maureend http://teamfisher.com/saskatoon-mls-listings-inventory-falls-below-one-thousand-homes/#comment-3336 Maureend Thu, 22 Oct 2009 21:47:45 +0000 http://www.teamfisher.com/?p=5089#comment-3336 Interesting article on CMHC, in the Globe and Mail. This has been discussed previously by some of the bloggers on this site. http://www.theglobeandmail.com/report-on-business/crash-and-recovery/cmhcs-growth-fuels-worries-over-new-risks/article1327491/ Maureen Interesting article on CMHC, in the Globe and Mail. This has been discussed previously by some of the bloggers on this site.
http://www.theglobeandmail.com/report-on-business/crash-and-recovery/cmhcs-growth-fuels-worries-over-new-risks/article1327491/

Maureen

]]> By: Jason Liu http://teamfisher.com/saskatoon-mls-listings-inventory-falls-below-one-thousand-homes/#comment-3335 Jason Liu Thu, 22 Oct 2009 15:06:49 +0000 http://www.teamfisher.com/?p=5089#comment-3335 Rick Honestly to say, 40k housing in small town is a history. Even right the house price in small town get down, and house sale was slow, the price for livable house is around 70k. I live in small town, and get a house before the small town house jump about 200% more. Good luck to find one in your price range. Jason Rick
Honestly to say, 40k housing in small town is a history. Even right the house price in small town get down, and house sale was slow, the price for livable house is around 70k.

I live in small town, and get a house before the small town house jump about 200% more.
Good luck to find one in your price range.

Jason

]]> By: Norm Fisher http://teamfisher.com/saskatoon-mls-listings-inventory-falls-below-one-thousand-homes/#comment-3334 Norm Fisher Thu, 22 Oct 2009 13:45:58 +0000 http://www.teamfisher.com/?p=5089#comment-3334 Quite honestly Rick, I just don't know. Our service area essentially ends at the edge of the city of Saskatoon, with the very odd foray into some of our closest bedroom communities so I'm not at all in touch with the dynamics of these markets. All I really know is that they have seen good price growth through 2007 and 2008. How much of that results from speculation and how much of it comes from real economic development is something I couldn't guess at. Quite honestly Rick, I just don’t know. Our service area essentially ends at the edge of the city of Saskatoon, with the very odd foray into some of our closest bedroom communities so I’m not at all in touch with the dynamics of these markets. All I really know is that they have seen good price growth through 2007 and 2008. How much of that results from speculation and how much of it comes from real economic development is something I couldn’t guess at.

]]> By: Rick http://teamfisher.com/saskatoon-mls-listings-inventory-falls-below-one-thousand-homes/#comment-3333 Rick Thu, 22 Oct 2009 02:19:05 +0000 http://www.teamfisher.com/?p=5089#comment-3333 Hey Norm, Do have any thoughts regarding how sales have been out in the countryside. I'm curious as to what your instincts are for the future of small town prices. Do you see strength or weakness relative to pricing in Saskatoon. I like the cheaper pricing which can be found in towns such as Hanley, Hague, Raddison etc. the lack of ammenities and the commute to Saskatoon of course are not very desirable. I'd like to hear if you think their may be buys to be had down the road. In Saskatoon 299k is becoming a fairly popular price point, I like 40k and hope that these type of prices will become more common in communities that are a reasonable commute to Saskatoon. Hey Norm,
Do have any thoughts regarding how sales have been out in the countryside. I’m curious as to what your instincts are for the future of small town prices. Do you see strength or weakness relative to pricing in Saskatoon. I like the cheaper pricing which can be found in towns such as Hanley, Hague, Raddison etc. the lack of ammenities and the commute to Saskatoon of course are not very desirable. I’d like to hear if you think their may be buys to be had down the road. In Saskatoon 299k is becoming a fairly popular price point, I like 40k and hope that these type of prices will become more common in communities that are a reasonable commute to Saskatoon.

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