Comments on: Saskatoon to lead nation for economic growth in 2007: Conference Board http://teamfisher.com/saskatoon-to-lead-nation-for-economic-growth-in-2007-conference-board/ We're bringing Saskatoon real estate to life Thu, 09 Feb 2012 04:34:09 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Norm Fisher http://teamfisher.com/saskatoon-to-lead-nation-for-economic-growth-in-2007-conference-board/#comment-7017 Norm Fisher Thu, 09 Apr 2009 15:16:08 +0000 http://normfisher.ca/?p=347#comment-7017 rezonate, All excellent points! There are plenty of reasons to feel good about what's been happening in Saskatchewan. Thanks for bringing your persepctive. rezonate,

All excellent points! There are plenty of reasons to feel good about what’s been happening in Saskatchewan.

Thanks for bringing your persepctive.

]]> By: rezonate http://teamfisher.com/saskatoon-to-lead-nation-for-economic-growth-in-2007-conference-board/#comment-7016 rezonate Thu, 09 Apr 2009 15:15:50 +0000 http://normfisher.ca/?p=347#comment-7016 I think a couple of things are being overlooked. 1. For all of the people who already owned a home (by purchasing within the last 5 yrs when the rate was extremely low and credit readily available) what a wonderful windfall the opportunity of having your home double in value is. 2. The homes in Saskatoon were undervalued for the current marketplace. When entry level incomes equate to 25 - 30% of a value of a single family home. Your are undervalued. There was a point in time when owning a home was something that had to be saved for and earned, not just expected. 3. The increase in value for uranium, potash, and oilsands is an incredible gain for Saskatchewan. An influx of high paying jobs and opportunities have & will follow. 4. Those who got caught in between are in a bad position, u didn't buy when it was cheap, u didn't buy when it was rising, and ur still renting and complaining u can't buy. I think a couple of things are being overlooked.

1. For all of the people who already owned a home (by purchasing within the last 5 yrs when the rate was extremely low and credit readily available) what a wonderful windfall the opportunity of having your home double in value is.

2. The homes in Saskatoon were undervalued for the current marketplace. When entry level incomes equate to 25 – 30% of a value of a single family home. Your are undervalued.

There was a point in time when owning a home was something that had to be saved for and earned, not just expected.

3. The increase in value for uranium, potash, and oilsands is an incredible gain for Saskatchewan. An influx of high paying jobs and opportunities have & will follow.

4. Those who got caught in between are in a bad position, u didn’t buy when it was cheap, u didn’t buy when it was rising, and ur still renting and complaining u can’t buy.

]]> By: Norm Fisher http://teamfisher.com/saskatoon-to-lead-nation-for-economic-growth-in-2007-conference-board/#comment-7015 Norm Fisher Thu, 09 Apr 2009 15:15:35 +0000 http://normfisher.ca/?p=347#comment-7015 Meyou, You raise a good point though I'm certain that "real estate" would also count in all of the other markets as well. It's part of the big picture. I believe that the Sask economy is around 9 billion dollars and as I pointed out in a previous post real estate in Saskatoon alone has produced around 1 billion in sales. I expect that the entire province is probably closer to 2 billion. Meyou,

You raise a good point though I’m certain that “real estate” would also count in all of the other markets as well. It’s part of the big picture.

I believe that the Sask economy is around 9 billion dollars and as I pointed out in a previous post real estate in Saskatoon alone has produced around 1 billion in sales. I expect that the entire province is probably closer to 2 billion.

]]> By: MEYOU http://teamfisher.com/saskatoon-to-lead-nation-for-economic-growth-in-2007-conference-board/#comment-7014 MEYOU Thu, 09 Apr 2009 15:15:17 +0000 http://normfisher.ca/?p=347#comment-7014 How much is the contribution of real estate to the real GDP growth of 4.7% in SASKATOON? 30%? 50%? or 90%? LOL How much is the contribution of real estate to the real GDP growth of 4.7% in SASKATOON? 30%? 50%? or 90%? LOL

]]> By: MEYOU http://teamfisher.com/saskatoon-to-lead-nation-for-economic-growth-in-2007-conference-board/#comment-7013 MEYOU Thu, 09 Apr 2009 15:14:27 +0000 http://normfisher.ca/?p=347#comment-7013 Economic growth leader? LOL. House price growth leader? HAHA Economic growth leader? LOL. House price growth leader? HAHA

]]> By: Norm Fisher http://teamfisher.com/saskatoon-to-lead-nation-for-economic-growth-in-2007-conference-board/#comment-7012 Norm Fisher Thu, 09 Apr 2009 15:14:11 +0000 http://normfisher.ca/?p=347#comment-7012 Sunny, I'm certainly not an economist but I think "the amount of income going around" directly impacts the economy one way or the other. Even if it is largely related to real estate we have to remember that all of those involved buy stuff and there are huge spin offs which contribute to a strong economy. Sellers spend and invest their gains, buyers do improvements to their homes, carpenters buy tools and trucks, and on and on it goes. I was also interested to learn that there are 14,000 more jobs in Saskatchewan (predicted to end of 2007) than there were at the end of 2004, but I would imagine that this won't be seen as a positive sign of economic growth for those who feel the situation is hopeless in Saskatchewan. Poverty is another issue all together which is outside of the scope of an economic forecast. Sadly, life will be a challenge for the poor even in a booming economy. Sunny,

I’m certainly not an economist but I think “the amount of income going around” directly impacts the economy one way or the other. Even if it is largely related to real estate we have to remember that all of those involved buy stuff and there are huge spin offs which contribute to a strong economy. Sellers spend and invest their gains, buyers do improvements to their homes, carpenters buy tools and trucks, and on and on it goes.

I was also interested to learn that there are 14,000 more jobs in Saskatchewan (predicted to end of 2007) than there were at the end of 2004, but I would imagine that this won’t be seen as a positive sign of economic growth for those who feel the situation is hopeless in Saskatchewan.

Poverty is another issue all together which is outside of the scope of an economic forecast. Sadly, life will be a challenge for the poor even in a booming economy.

]]> By: Sunny http://teamfisher.com/saskatoon-to-lead-nation-for-economic-growth-in-2007-conference-board/#comment-7011 Sunny Thu, 09 Apr 2009 15:11:24 +0000 http://normfisher.ca/?p=347#comment-7011 I'm sorry Norm I don't believe it either. I think this is driven a lot by house sales, since that would affect the amount of income going around. I would like to see what happens 6 - 12 months down the road before I say we are leading the country. When you've had houses double in SK, how could we not lead the economic growth? It doesn't talk about what companies are moving here to help the province or anything, so I don't see the proof yet either. What about all the people that can't afford housing or are kicked out on the street due to lack of rental units, I don't think they agree with this study either. I’m sorry Norm I don’t believe it either. I think this is driven a lot by house sales, since that would affect the amount of income going around. I would like to see what happens 6 – 12 months down the road before I say we are leading the country. When you’ve had houses double in SK, how could we not lead the economic growth? It doesn’t talk about what companies are moving here to help the province or anything, so I don’t see the proof yet either. What about all the people that can’t afford housing or are kicked out on the street due to lack of rental units, I don’t think they agree with this study either.

]]> By: Alex http://teamfisher.com/saskatoon-to-lead-nation-for-economic-growth-in-2007-conference-board/#comment-7010 Alex Thu, 09 Apr 2009 15:10:56 +0000 http://normfisher.ca/?p=347#comment-7010 It paints an all too rosy picture. It paints an all too rosy picture.

]]> By: Norm Fisher http://teamfisher.com/saskatoon-to-lead-nation-for-economic-growth-in-2007-conference-board/#comment-7009 Norm Fisher Thu, 09 Apr 2009 15:10:41 +0000 http://normfisher.ca/?p=347#comment-7009 Alex, You can't even enjoy the good news, can you? :) Alex,

You can’t even enjoy the good news, can you? :)

]]> By: Alex http://teamfisher.com/saskatoon-to-lead-nation-for-economic-growth-in-2007-conference-board/#comment-7008 Alex Thu, 09 Apr 2009 15:10:19 +0000 http://normfisher.ca/?p=347#comment-7008 **correction to the above: ..to NOT act like... lol! **correction to the above:

..to NOT act like…

lol!

]]> By: Alex http://teamfisher.com/saskatoon-to-lead-nation-for-economic-growth-in-2007-conference-board/#comment-7007 Alex Thu, 09 Apr 2009 15:10:04 +0000 http://normfisher.ca/?p=347#comment-7007 This does nothing to shed light on the situation for people who aren't equity rich. It's disgusting how the media and government conspire (willingly or not) to act like incomes that once afforded homes are now barely enough to make ends meet. I almost feel like we're being ignored. You want to talk sense of entitlement, look at the rich who feel like they are owed something because they endured hardship, so they are now robbing young people with extortionate house prices. This does nothing to shed light on the situation for people who aren’t equity rich.

It’s disgusting how the media and government conspire (willingly or not) to act like incomes that once afforded homes are now barely enough to make ends meet.

I almost feel like we’re being ignored. You want to talk sense of entitlement, look at the rich who feel like they are owed something because they endured hardship, so they are now robbing young people with extortionate house prices.

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