Strong home sales driven by consumer efforts to beat rising interest rates and the harmonized sales tax coming soon to Ontario and British Columbia will push the nation’s average home price to just under $350,000 before it peaks and starts to decline says a report released by TD Economics today. While sales should come close [...]
According to a report released today by the Salvation Army, approximately one in nine Canadians say they have either experienced homelessness or have come close to experiencing homelessness at some point in their life. The report titled, “Poverty shouldn’t be a life sentence” is based on responses to a telephone survey conducted in late 2009 [...]
City council gave the proposed South Caswell Concept Plan the nod at last night’s meeting. If the remaining obstacles are overcome the seven million dollar plan will see a relocation of the Saskatoon Transit barns to make way for the redevelopment of two whole city blocks. The plan proposes affordable housing initiatives, some commercial space, [...]
The Canada Mortgage and Housing Corporation (CMHC) released it Canadian Housing Market Outlook for 2010 today predicting residential resale activity across Canada will grow by just less than five percent to 486,700 while new housing starts rise by roughly as much to 175,150. According to CMHC the average price of a resale home in Canada [...]
Remax released it’s 2010 Market Trends Report today stating that “healthy levels” of inventory and demand that is gaining momentum are moving the Saskatoon real estate market towards a “full recovery.” Other tidbits from the Saskatoon section of the report include the following: While sales are still off of last year’s numbers average prices continue [...]
Provincial legislation in Saskatchewan states that anyone wishing to represent members of the public in a real estate trade in Saskatchewan must be registered. The Saskatchewan Real Estate Commission (SREC), an independent, non-government agency, responsible for regulating the real estate industry in Saskatchewan, mandates qualifications for registration. First of all, people wishing to become registered [...]
RBC Economics just released their fall Housing Trends and Affordability study that shows house prices having returned to “pre-boom” levels nationally with Saskatchewan showing considerable affordability improvements, but remaining above long-term historical averages. At the same time, the graph on page eight of the report suggests that affordability improvements may level off as Saskatoon seems [...]
RBC Economics has just released their latest Housing Trends and Affordability report for the Canadian real estate market. Here are some excerpts that touch on affordability changes nationally, and in Saskatchewan. Improved affordability lifts Canada’s housing markets Housing affordability greatly improved in the first quarter of this year; RBC’s affordability measures for all housing types [...]
Here are a few of the highlights from RBC’s recent Housing Trends and Affordability study released yesterday. As we head into the all-important spring season, the ongoing cyclical correction will put the entire housing sector to the test. However, while the pain will likely persist for many homeowners and industry participants, there are encouraging signs [...]
With residential real estate inventory above benchmark levels, average home prices in Saskatchewan showed year-over-year declines of 5.5 per cent, but increased 2.2 per cent in the first quarter of 2009. According to Royal LePage’s quarterly House Price Survey, the year-over-year value of key housing types – detached bungalows, standard two-stories and condominiums – were [...]
You might call it hype. You might call it a “glimmer of hope” in a pretty tough time. I’d call it a home run for Saskatchewan Premier Brad Wall who managed to pique the interest of CNN.com journalist Mallory Simon with a little “good news” about an economy that has at least some hope of [...]
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