Over the past several months a number of my past clients have asked me about real estate opportunities in the U.S. The rising dollar, combined with reduced prices in some beautiful U.S. cities has many Canadians considering a purchase in their favorite vacation spot. A friend of mine from Phoenix recently asked if he could [...]
The Rental Market Report released yesterday by Canada Housing and Mortgage Corporation (CMHC) shows apartment vacancy rates in Saskatoon falling to a record low of just .6%, down from 3.2% last October. Saskatoon “Southwest” showed the largest number of available apartments and a vacancy rate of 2.1%. The six other areas measured in the report [...]
The Edmonton real estate market may be starting to show some positive signs with active residential listings dropping around 10% in recent months, but this ad makes it obvious that some seller’s are motivated and ready to do what needs to be done to attract a buyer. Edmonton builder, Coventry Homes is lobbing out an [...]
Doug Elliot, publisher of the Sask Trends Monitor newsletter is warning that consumer spending has “gone into some kind of bubble that’s going to burst.” In a Star Phoenix story titled, “Sask. Consumer spending expected to peak soon” Elliot warns that the big spending spree has to end sometime. He sees that “sometime” looming, perhaps [...]
One bee-lee-yun dollars! The Saskatoon Region Association of REALTORS® announced today that Saskatoon real estate agents have reported sales in excess of one billion dollars so far in 2007. The figure includes transactions in all real estate categories and a full $754,735,000 can be directly attributed to residential activity. It is particularly remarkable that August [...]
I thought it would be interesting to compare the average selling price of Saskatoon homes during the month of May, 2007 to those recorded in May, 2006 in order to provide some perspective on Saskatoon real estate price increases. This first category compares units which would be classified as homes, both detached houses and condominiums. [...]
For the first time this year, active MLS® listings of condominiums and single-family homes within the city of Saskatoon broke the 300 mark. Since late December, we’ve been hovering between 236 and 292 active listings. At the close of business today there are 312 listings showing an active status. An “active” listing is one which [...]
For a seller, the obvious allure of an unconditional offer is the certainty which it immediately provides. In the past, unconditional offers were typically made in rare instances when the buyer has the resources to finance the purchase themselves and does not require anyone’s approval. Today, we see many buyers submitting offers which contain no [...]
The “2007 Royal LePage Female Buyers Report” was released this morning. The report which marries findings from a national consumer poll with anecdotal research examines buying habits of Canadian women. Among some of the findings, the report found that women are playing an increasingly significant role in the real estate market. In fact, of single [...]
It was another exciting week in the Saskatoon real estate market, and breakfast today ranks as one of the highlights. It wasn’t the eggs, the bacon or those crispy little tater thingies, though they were all very good; it was the company. I had the opportunity to sit down with Jay Thompson, the one and [...]
Cass poses a question in another post regarding the hot Saskatoon real estate market. By the time I finished my response I realized that I had written a whole new post so I brought it up front for the rest of you. If any of my real estate friends have something to add I would [...]
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