Posts Tagged ‘surveys and studies’
Posted by Norm Fisher on January 23, 2012
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”. [...]
Posted by Norm Fisher on January 12, 2012
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 [...]
Posted by Norm Fisher on November 7, 2011
Saskatoon home values have increased by 163 percent since the turn of the current century, claiming one of the highest levels of price growth in Canada, according to a report released today by Remax. Only Regina and Edmonton saw greater appreciation over the same period of time as prices climbed 175 percent and 165 percent, [...]
Posted by Norm Fisher on October 5, 2011
Average prices were up across standard housing types in Saskatoon, according to the Royal LePage House Price Survey released today. Sales volume for the third quarter was up 15 per cent year-over-year, and the number of units sold during August was record setting for that particular month. Detached bungalows posted a modest gain of 1.9 [...]
Posted by Norm Fisher on July 13, 2011
Subdued job and income growth, rising interest rates, the recent tightening in borrowing rules for insured mortgages and fewer first time buyers will set the stage for a decline in housing unit sales in most regions of Canada through 2012 and 2013, according to a report released by TD Economics today. TD is predicting a [...]
Posted by Norm Fisher on July 10, 2011
The Royal LePage House Price Survey for the second quarter of 2011 has just been released. Here is the media release for the Saskatoon area. Second-quarter house prices in Saskatoon experienced little change over the same period last year, according to the Royal LePage House Price Survey released today. Second quarter sales volumes remain stable [...]
Posted by Norm Fisher on April 15, 2011
CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for March, 2011. More from CREA’s release. Steady sales activity combined with fewer new listings tightened the national resale housing market. The national sales-to-new listings ratio, a measure of the balance between supply and demand, stood at 56.5 per [...]
Posted by Norm Fisher on April 12, 2011
The following is the media release for the Royal LePage House Price Survey for the first quarter of 2011. The report focuses on year-over-year change in the prices of specific categories of housing in Saskatoon and other major real estate markets across Canada. Saskatoon – Strong buyer demand offset by above-average inventory The Royal LePage [...]
Posted by Norm Fisher on February 25, 2011
Lower borrowing costs in the final quarter of 2010 helped drive a “modest” improvement to housing affordability for Canadians, even though house prices saw small increases across most of the nation during that time, a new report from RBC Economics states. The slight improvements are likely short lived as interest rates have recently started to [...]
Posted by Norm Fisher on February 25, 2011
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 [...]
Posted by Norm Fisher on February 5, 2011
Amidst a rising chorus of “soft landing” predictions for Canada’s housing markets, one Canadian economist, David Madani is singing a different tune that may or may not be music to your ears. Madani, in a report released this week titled, “Canada Economics Focus, house prices likely to fall for several years” says rising interest rates [...]
