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.
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 [...]
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.
A new report from the Conference Board of Canada says Saskatoon will lead Canada in economic growth in 2011 and each year after that until 2015. Learn 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 [...]
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 [...]
The Canadian Real Estate Association (CREA) issued a “call to action” this week to more than 100,000 members urging them to write their Member of Parliament (MP) to “explain the negative impact additional mortgage financing rule changes would have on home buyers, home owners and the economy.” In the included form letter that CREA is [...]
Canada Mortgage and Housing Corporation (CMHC) released its flagship annual report on Thursday and while I have not yet had time to read it, I wanted to get it posted here in case you’d like to give it a go. This is not your typical CMHC report. Rather, it’s an extensive review of the “state [...]
MSN Money just did a feature on the ten most expensive resale housing markets in Canada. It uses average selling prices from across the country for the month of August, 2010. Saskatoon came in at number eight on that list. Meanwhile, Statistics Canada released some income figures from the tax returns of Canadians and Saskatoon, [...]
According to the Canadian Centre for Policy Alternatives (CCPA), Canada is experiencing a housing bubble that is destined to pop. In a recently released report, the non-profit research group examines house price growth in six Canadian markets and puts forward a few scenarios of how prices might be affected when the bubble bursts. Canadians are [...]
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