The Saskatoon Region Association of Realtors® (SRAR) released the MLS® residential real estate statistics for January of 2012 today, accompanied by the following release. In 2012 we are starting out with a market that favors sellers. The number of residential properties listed in Saskatoon was 528 units, down only 1% from last January while the [...]
Thank you for your patience waiting for this weekly review. It allowed me a great week away in Cuba and I’m happy to be back with you. The Saskatoon real estate market continued to push ahead with sales finishing up and new listings closing down on a year-over-year basis. Local agents reported 64 firm sales [...]
Housing affordability in Canada saw its greatest deterioration in years according to the 8th Annual Demographia International Housing Affordability Survey: 2012. Demographia’s estimates suggest that Canadian home buyers can expect to pay 4.5 times the country’s median income to purchase a home priced at the median,* a number which the survey authors consider “seriously unaffordable”. [...]
The second full week of the new year wrapped itself up looking a lot like the first. Saskatoon real estate agents reported a total of 52 house and condominium sales to the local MLS®, for a weekly decline of three homes and a year-over-year increase of four. New listings in the same housing categories slipped [...]
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 [...]
CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for
…and we’re off. The Saskatoon real estate market recorded its second week of year-over-year sales gains for 2012, accompanied by annual declines in new listings.Local agents reported 55 firm house and condominium sales to the Saskatoon multiple listing service®, up sixteen sales when compared against the previous week, and ahead of sales for the same [...]
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 [...]
Continued migration and low interest rates offset by healthy supply of homes for sale SASKATOON, January 12, 2012 – The Royal LePage House Price Survey and Market Survey Forecast released today showed slight year-over-year price increases for all three housing types surveyed in Saskatoon. Detached bungalows posted a modest gain of 0.9 per cent, selling [...]
The new year got underway with lacklustre sales, as it typically does. Saskatoon real estate agents reported a total of 39 detached house and condominium sales to the multiple listing service®, an increase of three from the previous week, but considerably more than we saw trade during the same week last yearwhen just 24 sales [...]
The Saskatoon Region Association of REALTORS® (SRAR) released the residential real estate statistics for December, 2011 today, accompanied by this release. The ideal balance of buyers and sellers in 2011 resulted in a modest 5 percent increase in the average residential selling price of a home in Saskatoon which increased to $309,835. This was a record [...]
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