Comments on: Saskatoon real estate week in review: April 5-9 2010 http://teamfisher.com/saskatoon-real-estate-week-in-review-april-5-9-2010/ 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: Jason http://teamfisher.com/saskatoon-real-estate-week-in-review-april-5-9-2010/#comment-4057 Jason Thu, 15 Apr 2010 15:50:15 +0000 http://www.teamfisher.com/?p=7427#comment-4057 Doug, 8% is the historical average. Doug, 8% is the historical average.

]]> By: Jason http://teamfisher.com/saskatoon-real-estate-week-in-review-april-5-9-2010/#comment-4056 Jason Wed, 14 Apr 2010 03:16:44 +0000 http://www.teamfisher.com/?p=7427#comment-4056 There's a lot of condos and townhouses under construction (and now River Landing). It will be interesting to see how many of these projects survive intact until completion. There’s a lot of condos and townhouses under construction (and now River Landing). It will be interesting to see how many of these projects survive intact until completion.

]]> By: Doug http://teamfisher.com/saskatoon-real-estate-week-in-review-april-5-9-2010/#comment-4055 Doug Tue, 13 Apr 2010 20:30:30 +0000 http://www.teamfisher.com/?p=7427#comment-4055 Looks like bubble head is right about rates going up. RBC hikes mortgage rates 25 basis points. 5 year closed rate is now at 6.10%. http://www.financialpost.com/news-sectors/financials/story.html?id=2901557 Looks like bubble head is right about rates going up. RBC hikes mortgage rates 25 basis points. 5 year closed rate is now at 6.10%.

http://www.financialpost.com/news-sectors/financials/story.html?id=2901557

]]> By: Norm Fisher http://teamfisher.com/saskatoon-real-estate-week-in-review-april-5-9-2010/#comment-4054 Norm Fisher Tue, 13 Apr 2010 19:32:16 +0000 http://www.teamfisher.com/?p=7427#comment-4054 "New mortgage rules, debt levels and eventually exhaustion of future demand brought forward will slow demand." Good points. "Last year housing starts fell off the map while this year starts are cranked back up." I'm thinking <a href="http://www.thestarphoenix.com/news/todays-paper/Home+starts+from/2876654/story.html" rel="nofollow">280 starts for "the region"</a> isn't exactly cranked up given that we are we're already at mid-April. It looks like a lot of homes compared to last year but builders were starving to death at this time in 2009. A fair number of these new builds will have already been absorbed. This market is not heavy on speculation right now. At least that's my impression. “New mortgage rules, debt levels and eventually exhaustion of future demand brought forward will slow demand.”

Good points.

“Last year housing starts fell off the map while this year starts are cranked back up.”

I’m thinking 280 starts for “the region” isn’t exactly cranked up given that we are we’re already at mid-April. It looks like a lot of homes compared to last year but builders were starving to death at this time in 2009. A fair number of these new builds will have already been absorbed. This market is not heavy on speculation right now. At least that’s my impression.

]]> By: bubble busted http://teamfisher.com/saskatoon-real-estate-week-in-review-april-5-9-2010/#comment-4053 bubble busted Tue, 13 Apr 2010 15:25:19 +0000 http://www.teamfisher.com/?p=7427#comment-4053 Last year housing starts fell off the map while this year starts are cranked back up. Willowgroves last lot draw had three guys line up for a whole day at the land branch for the last lots. Add rosewood, hampton and stonebbridge warman and martinsville areas ,there is a lot of supply coming in the next while. As for demand, all the big banks expect prime to be at or near 5% next year. If you believe in a recovery rates are going up. New mortgage rules, debt levels and eventually exhaustion of future demand brought forward will slow demand. Last year housing starts fell off the map while this year starts are cranked back up. Willowgroves last lot draw had three guys line up for a whole day at the land branch for the last lots. Add rosewood, hampton and stonebbridge warman and martinsville areas ,there is a lot of supply coming in the next while. As for demand, all the big banks expect prime to be at or near 5% next year. If you believe in a recovery rates are going up. New mortgage rules, debt levels and eventually exhaustion of future demand brought forward will slow demand.

]]> By: Jason http://teamfisher.com/saskatoon-real-estate-week-in-review-april-5-9-2010/#comment-4052 Jason Tue, 13 Apr 2010 05:32:44 +0000 http://www.teamfisher.com/?p=7427#comment-4052 That's pretty bearish! If we exceed 1,800 listings this year I think all bets are off in terms of how much housing is going to take a hit (easily 10-20%, though). That’s pretty bearish! If we exceed 1,800 listings this year I think all bets are off in terms of how much housing is going to take a hit (easily 10-20%, though).

]]> By: bubble busted http://teamfisher.com/saskatoon-real-estate-week-in-review-april-5-9-2010/#comment-4051 bubble busted Mon, 12 Apr 2010 06:07:34 +0000 http://www.teamfisher.com/?p=7427#comment-4051 Black line won't cross the blue line this in residential listings this year. Should bold well for us renters looking to buy in the future Black line won’t cross the blue line this in residential listings this year. Should bold well for us renters looking to buy in the future

]]> By: Norm Fisher http://teamfisher.com/saskatoon-real-estate-week-in-review-april-5-9-2010/#comment-4050 Norm Fisher Mon, 12 Apr 2010 00:52:30 +0000 http://www.teamfisher.com/?p=7427#comment-4050 Good question Raymond, The former. Both numbers are based on the total number of sales over the given period of time. Good question Raymond,

The former. Both numbers are based on the total number of sales over the given period of time.

]]> By: Raymond http://teamfisher.com/saskatoon-real-estate-week-in-review-april-5-9-2010/#comment-4049 Raymond Mon, 12 Apr 2010 00:48:23 +0000 http://www.teamfisher.com/?p=7427#comment-4049 Fisher, in calculating the 6-week or 4-week mean or median, do you count the number of sales, ie, the mean/median of prices of all sles in the past 4 or 6 weeks, in comparison to the simple average/median of the average prices in the past 4 or 6 weeks? Are you using the former or the latter? Fisher, in calculating the 6-week or 4-week mean or median, do you count the number of sales, ie, the mean/median of prices of all sles in the past 4 or 6 weeks, in comparison to the simple average/median of the average prices in the past 4 or 6 weeks? Are you using the former or the latter?

]]>