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You probably don’t need an international study to confirm that housing is expensive in most major metropolitan areas of Canada. Saskatoon is no exception.


“Affordability” is a slightly more complicated beast. There are a number of ways that one can examine affordability. One of those methods compares the median* income for an area against the median home price. Demographia, an organization that tracks changes to affordability uses what they call “median multiples.” The median multiple is derived by dividing the median income into the median price. As seen on the following chart, Canadians can expect to pay roughly 3.6 times the median income for a home priced at the median. So, even if prices are rising affordability can improve if incomes are rising at a faster pace.


Clear enough? Good!


After three successive years of slightly improved affordability, Saskatoon slipped back into the ranks of what Demographia considers “seriously unaffordable” as the median multiple for the area increased from 4 to 4.3, its highest point since 2008 when it had reached 4.6.



Regina showed the largest erosion moving from 3.3 to 3.8 but still managed to maintain a “moderately unaffordable” rating from Demographia.


The picture improved somewhat in Vancouver, which holds the distinction of being the second most unaffordable market in the world, as the median multiple falls from 10.6 to 9.5 over the course of the year.


See the entire Demographia survey for 2013 and past reports for 2012, 2011, 2010, 2009,2008, 2007, and 2006.


*The median defines the centre point where half of all values are above and half are below that point. For instance, if the median income for an area were $50,000 then half off all income earners would earn more than that and half would earn less. In the case of home values, it’s the point at which half of all sales occur above the number, and half occur below.


I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.


Our Saskatoon home search tool offers MLS listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.


Norm Fisher
Royal LePage Saskatoon Real Estate  

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Saskatoon real estate week in review: January 20-26, 2013

Home sales surged forward to reach their highest weekly volume for the new year, making big gains on last week while continuing to fall short of last year’s numbers for the tenth consecutive week. Saskatoon real estate agents reported a total of 54 firm sales of single-family homes and condominiums to our MLS®, up 18 units from the previous week but down ten from the same week last year.


New listings continued to find their way to the market at a pace that matched last week. In total, 129 new listings of houses and condominiums were added to the multiple listing service® database, 42 more than we saw during the same period of time in 2012.


The total number of active MLS® listings in the residential category moved higher again as it will most weeks as we make our way towards spring. Today’s totals amount to 996 properties, 19 more than the closing number last week and ahead of levels seen at this time last year by 72, or roughly eight percent. As of this morning, Saskatoon real estate buyers can find 590 single-family homes and 316 condominiums showing an active status on the MLS system. On a year-over-year basis, the single-family inventory is up by 63 homes, or roughly 11 percent, while the condo inventory has declined by 73 units, more than 22 percent.


The mix of sales in various price ranges remained fairly stable when compared against the previous week’s sales bringing little change to our price measures. The average sale price for the week barely moved and closed the week at $328,701 while the median inched up just a bit to $321,000. The six-week average price slipped lower by $1400 from last week to $334,539 to pick up an annual gain of roughly sixteen thousand dollars. The four-week median saw slightly more movement as it grew by $3700 from last week’s close to $317,950 and finished up over the same week last year by $14,500.


Once again, this week’s sales saw just one MLS® listing selling above the seller’s asking price. That lucky seller saw a completed deal for $2,100 more than they had initially asked. Another seven sellers firmed up a sale at their full asking price while 46 of this week’s 54 sales concluded at the negotiation table with the buyer netting an average discount of $7,869.


Other notable MLS® activity this week included 20 cancelled and withdrawn listings, 31 expired listings and 30 price adjustments.


Highlights from the news this past week

Sask. economy softening but still strong - Leader Post

First time home buyers take back seat for next two years: Remax - Financial Post

Incomes lag behind Saskatoon housing cost - Star Phoenix

Canadian house price growth slows to three-year low - Financial Post

Home prices slip again, first four month slide since recession - Globe and Mail

Home prices climbing - Global News Saskatoon

Delinquent loans fall record low amid signs Canadians kicking debt habit - Financial Post

Canada’s inflation remains at 3-year low, easing pressure for rate hike - Financial Post


A map displaying the boundaries of Saskatoon real estate areas is here.


An overview of data collection and calculation practices for our statistical reports is here.


Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here now.


I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.


Norm Fisher

Royal LePage Vidorra

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The Canadian Real Estate Association (CREA), released national sales statistics for the month of December, 2012 today. According the CREA, "The number of home sales processed through the MLS® Systems of real estate Boards and Associations in Canada edged down 0.5 per cent on a month-over-month basis in December 2012. While sales activity was little changed nationally, it picked up in just over half of all local markets in December." Highlights of CREA's report    
  • National home sales edged 0.5% lower from November to December.
  • Actual (not seasonally adjusted) activity down 17.4% from December 2011.
  • Number of newly listed homes dropped 1.3% from November to December.
  • Canadian housing market remains firmly in balanced territory.
  • National average sale price up 1.6% year-over-year in December.
  • MLS® HPI up 3.3% in December, the smallest gain since April 2011.
Read the entire report on Canadian MLS sales for December, 2012.


Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.


I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.


Norm Fisher
Royal LePage Saskatoon Real Estate

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Saskatoon real estate week in review: January 13-19, 2013

Saskatoon real estate sales continued to move at a sluggish pace this week with just 36 houses and condos being reported as firmly sold to the Saskatoon MLS® system, the lowest number for this particular week in the past five years. For those keeping track, this is actually the ninth consecutive week that sales fell short of the same week from the previous year. This week’s sales were behind last week’s by six units and down from the same week a year ago by 16.


New listings moved in the opposite direction as many Saskatoon home sellers moved to get a jump on the competitive spring market. Local REALTORS® brought 128 new house and condo listings to the multiple listing service®, 32 more than were listed last week, also up on the same period of 2012 by 32 homes.


Residential inventory levels took a solid jump higher growing by almost 70 units over the course of the week to close at 977 properties, up nearly 60 listings from the same date last year, and also at its highest point for the week since 2009. This week’s surge brings the largest year-over-year gain that we’ve seen in the inventory, which has been arguably low, since the fall of 2010. Pretty much all of the growth to the MLS® listing inventory is in the single-family home category which has risen to 591 properties from 535 on year ago. Condo numbers are actually down slightly having slipped to 299 listings compared to 305 last year.


Coming off of our strongest sales year since the “boom” of 2007, a handful of slow weeks hardly tells a story but nine weeks of declining sales and seven weeks of increased listing activity can quickly produce a bit more leverage for buyers as motivated Saskatoon home sellers see their opportunities to consider offers dwindle. With two-thirds of January behind us already we’re 30 percent off of last year’s numbers in the key single-family and condominium categories.


Driven down by fewer sales above the $500K mark, the average sale price of a Saskatoon home took a strong dip this week falling more than ten thousand dollars to $327,126. There were just two sales above a half-million dollars this week compared to five over the previous seven day period. The weekly median price held pretty firm at $315,075. Meanwhile, the longer term measures both took a pretty good beating. The six-week average selling price of a Saskatoon home was $335,972 at week’s end, almost $30,000 lower than it was at the close of the previous week and still nearly eighteen thousand dollars higher than it was at the close of the same week last year. The four-week median plunged a little more than forty-four thousand dollars from last week to finish at $314,250 for an annual gain of less than five thousand dollars, one of the smallest year-over-year increases we’ve seen in months.


This week’s sales saw just one MLS® listing selling above the seller’s asking price. That home’s buyer topped up their offer with a $100 bonus. Another three sellers managed to convince a buyer to pay their full asking price. Meanwhile, 32 buyers insisted on a negotiation that averaged them a discount of $8,318 on the home they purchased.


Other notable MLS® activity this week included 16 cancelled and withdrawn listings, 14 expired listings and 22 price adjustments.


Highlights from the news this past week

Cooling in housing market seen as ‘healthy’ - Globe and Mail

Are stubborn sellers killing the real estate crash? - Financial Post

“I don’t mind prices coming down a bit, too”: Flaherty - Globe and Mail

Canadian home sales slump in year-over-year sales - Financial Post

Home sales plunge, market ‘clearly in correction mode’ - Globe and Mail

For clues to Canada’s housing future, look to Australia - Globe and Mail

Are we about to see a coast to coast real estate correction? - Globe and Mail

Who’s losing the housing slump? Real estate agents - Financial Post

How single women are shaping the new housing market - Globe and Mail

Banks see more evidence of slowing mortgage growth - Financial Post

Is the slump in home sales nearing bottom? - Globe and Mail


A map displaying the boundaries of Saskatoon real estate areas is here.


An overview of data collection and calculation practices for our statistical reports is here.


Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here now.


I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.


Norm Fisher

Royal LePage Vidorra

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Here's a detailed overview of average house and condo prices for each Saskatoon neighbourhood based on 2012 MLS® activity. The list is organized with the lowest priced neighbourhood (using the "All Residential" category) at the top of the page and progressing to the highest priced area at the bottom. You can view a full profile of each neighbourhood by clicking the neighbourhood name.


Visit TeamFisher's Saskatoon Neighbourhood Profiles.

Area Name All Residential Condominium Single-Family
       
Riversdale $172,912 No Sales $172,912
Pleasant Hill $177,487 $242,192 $174,859
King George $193,640 No Sales $193,640
Holiday Park $201,353 $163,667 $208,419
Westmount $203,025 No Sales $203,025
Meadowgreen $204,092 $105,644 $235,242
Mayfair $206,767 No Sales $206,767
Caswell Hill $225,438 $145,400 $235,098
Exhibition $229,571 $179,332 $247,365
Kelsey/Woodlawn $233,646 No Sales $233,646
Fairhaven $239,455 $168,813 $287,602
Massey Place $244,434 $171,450 $256,946
Lakewood S.C. $246,216 $246,216 No Sales
Mount Royal $248,452 No Sales $248,452
Confederation Park $255,127 $135,667 $259,606
Pacific Heights $261,487 No Sales $261,487
Blairemore $261,667 $203,025 No Sales
Hudson Bay Park $267,508 No Sales $267,508
Wildwood $268,719 $250,211 $358,841
City Park $270,336 $210,637 $335,859
Sutherland $275,211 $191,808 $306,190
Buena Vista $282,473 No Sales $282,473
Forest Grove $283,066 $182,364 $337,796
North Park $283,992 $152,500 $289,252
Lawson Heights $289,139 $240,959 $368,981
Westview Heights $293,723 No Sales $293,723
Nutana S.C. $296,848 $296,848 No Sales
University Heights $302,101 $302,101 No Sales
Dundonald $302,672 $151,500 $323,889
Haultain $313,146 $162,433 $333,241
Parkridge $313,274 $237,000 $315,335
East College Park $314,081 $174,083 $343,554
West College Park $314,170 $178,574 $363,715
Brevoort Park $329,017 $177,000 $355,620
Lakeview $330,737 $184,058 $406,058
Greystone Heights $336,940 $321,904 $358,241
Avalon $337,838 $458,250 $328,919
Queen Elizabeth $338,281 No Sales $338,281
Eastview $338,356 $202,500 $355,338
Richmond Heights $341,238 No Sales $341,238
River Heights $342,388 $208,712 $423,003
Adelaide/Churchill $344,553 $345,767 $343,946
Nutana Park $344,618 No Sales $343,689
Holliston $344,745 No Sales $344,745
Central Business District $347,055 $347,055 No Sales
Hampton Village $347,438 $284,010 $335,434
Silverwood Heights $362,085 $214,063 $373,362
Stonebridge $362,129 $290,995 $421,639
Varsity View $374,156 $334,252 $395,818
Montgomery Place $379,772 No Sales $379,772
Erindale $385,593 $286,013 $420,330
Silverspring $393,560 $284,649 $433,898
Arbor Creek $406,113 $296,490 $443,545
Nutana $415,174 $338,221 $533,352
Lakeridge $417,000 No Sales $417,000
Willowgrove $442,870 $328,115 $528,011
Rosewood $458,853 $270,211 $492,712
Grosvenor Park $461,448 $255,071 $551,738
Evergreen $479,659 $228,222 $482,783
Briarwood $484,154 $297,237 $561,797
The Willows $772,929 $772,929 No Sales


Norm Fisher

Royal LePage Vidorra

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Saskatoon real estate week in review: January 7-12, 2013

Thanks for your patience with last week's numbers.


I enjoyed a great week in Cabo San Lucas but I'm happy to be home. Since this week's review will be posted tomorrow, I'll cut to the quick on this one and just post the graphics with all of the numbers for your review.


Saskatoon real estate sales for the week of January 6-12, 2013



Active Saskatoon real estate listing on the MLS at January 12, 2013



Average and median prices for Saskatoon homes sold January 6-12, 2013



Saskatoon real estate statistics for MLS home sales from January 6-12, 2013



As always, thanks for reading.


Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here now. I’m always happy to answer your Saskatoon real estate questions. 


All of my contact info is here. Please feel free to call or email.


Norm Fisher

Royal LePage Vidorra

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SASKATOON, January 8, 2013 – The Royal LePage House Price Survey and Market Survey Forecast released today showed strong year-over-year house price increases for detached bungalows and standard condominiums in Saskatoon, while standard two-storey homes made modest gains.


Detached bungalows posted a strong year-over-year increase of 8.8 per cent, to an average price of $363,750. Standard two-storey homes saw a 2.2 per cent increase over the same quarter last year, selling for an average of $376,750, as supply and demand began to balance. Standard condominiums sold for an average price of $261,333, increasing 12.5 per cent year-over-year. Norm Fisher, Royal LePage Saskatoon Real Estate noted that the increase in the average price of standard condominiums reflects the sample average being skewed by higher end units that were sold as opposed to a general increase overall.


“Market activity in the fourth quarter was healthy and especially strong among single-family homes and condominiums priced above $350,000,” said Fisher. “Entry-level properties took somewhat of a hard hit this quarter as a large portion of first-time buyers delayed entering the market due to new mortgage regulations introduced in 2012.”


Fisher commented that inventory levels are slightly below year-over-year averages. However, there is still a good amount of supply on hand to meet the needs of buyers.


"Saskatoon's economy is exceptionally diverse with strengths in many areas including natural resources, bio-sciences and even small businesses – our strong job sector should continue to fuel our market as we move into 2013," added Fisher.


Nationally, the average price of a home increased year-over-year between 2.0 and 4.0 per cent in the fourth quarter of 2012. In the fourth quarter, standard two-storey homes rose 4.0 per cent year-over-year to $390,444, while detached bungalows increased 3.6 per cent to $356,790. National average prices for standard condominiums increased 2.0 per cent to $239,374.


As home sales volumes slowed in the second half of 2012, the average Canadian house price, for the most part, held firm. Some consumers delayed their entry into the market during 2012, faced with economic uncertainty as governments in both the U.S. and Europe struggled with debt management plans and as homes in some regions became less affordable. Compared to 2012, fewer homes are expected to trade hands in the first half of 2013, which should slow the pace at which home prices are rising.


Phil Soper, president and chief executive, Royal LePage, noted that the housing market is well into a cyclical correction and that fears of a sharp or drawn out collapse are unwarranted. Home prices have risen faster than salaries and wages for three years and the market requires time to adjust. By the end of 2013, Royal LePage expects the average national home price to be 1.0 per cent higher compared to 2012.


“A helpful comparison is to reflect on the beginning of 2009 when the country was in the grips of a very grim global recession,” said Soper. “It was a bleak time, with plunging consumer confidence driven by rapidly spreading unemployment. The meltdown of the American banking and finance sector had sent their housing market into a downward spiral and our own real estate market saw home sale transactions fall dramatically. Price appreciation in Canada ground to a halt, but home values dropped only slightly. With economic fundamentals such as employment levels improving, we expect this cyclical correction to be short-lived.”

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Saskatoon real estate week in review: December 30 - January 5, 2013

And they’re off!


Very slowly.


The new year for the Saskatoon real estate market began in a rather sluggish manner with just 15 house and condo sales being reported to the local multiple listing service®, the lowest total for any week since the final week of 2008 when just 13 deals firmed up. This week’s tallies are behind the previous week by roughly half and well below last year’s opening week sales of 39 Saskatoon homes. In the larger context, this truly doesn’t mean much. After all, just a few days earlier we wrapped up what was the best year for Saskatoon MLS® real estate sales since 2007, and the second best year ever. Yay, Saskatoon!


New listing activity moved much quicker as home sellers got busy trying to get a jump on the spring listing market, a smart strategy, in my opinion. A total of 84 single-family homes and condominiums were added to the Saskatoon MLS® system over the course of the week. That’s up from just 26 new listings the previous week but down from 99 for the same period a year ago.


The inventory of Saskatoon MLS® listings moved lower again due to a slew of listings that expired at year end to bring the total number of available residential listings to just 891. That trims the inventory by 44 units from last week to leave us ahead of numbers recorded at this time last year by 29. Today’s home buyers can find 541 single-family homes and 267 condominiums showing a for sale status on the MLS® system. There are more single-family homes available this year while condo buyers will find slightly less to choose from. Last year at this time those categories of Saskatoon homes were at 506 and 295 respectively.


If the number of sales for the first week of the year in virtually meaningless, price measures for the week are even less significant when measuring just 15 units, but hey, we do this every week so why stop now? The average selling price of a Saskatoon home came in at just $302,227 while the median price was $306,000. Both measures were just a few thousand dollars lower than they were during the previous week. Meanwhile, the six-week average sale price of a Saskatoon home pushed higher by about twenty-five hundred dollars from last week to reach $347,794 to take an annual gain of almost thirty-five thousand dollars. The four-week median price inched ahead with a weekly gain of less than a thousand dollars and reached $337,396 to finish ahead of the same week last year by almost twenty-four thousand dollars.


After a three week absence, overbidding made a bit of a comeback. There were just three homes that were reported to have sold above the asking price, but still, that’s a pretty strong share given that this report is based on a meager 15 sales. Those three deals went over list price by an average of $2,266. One other lucky seller came away from the negotiations with their full asking price while 11 of 15 had to agree to an average discount of $6,436 to wrap up a closed deal.


Other notable MLS® activity this week included 17 cancelled and withdrawn listings, 89 expired listings and 12 price adjustments.


Highlights from the news this past week

Expectations high for Saskatoon in 2013 - Star Phoenix

Saskatchewan home builders leading the way, says CHAB president - Star Phoenix

Saskatchewan’s retail industry gaining strength - Star Phoenix

Saskatchewan stays strong - Star Phoenix

Sask. Chamber of Commerce says growth to continue in 2013 - NewsTalk 650CKOM

Experts see solid growth for Saskatchewan - Star Phoenix

Saskatchewan poised for good year - Star Phoenix

Canada’s housing hangover: Real estate boom, meet dot-com crash - Globe and Mail

Saskatchewan small business optimistic about 2013 - News Talk 650CKOM

Record year for building permits in Saskatoon - Star Phoenix

Why housing prices aren’t coming back - Globe and Mail

City home sales, prices increase in 2012 - Star Phoenix

Sask. labour market trumps Alta. for the first time in decades - News Talk 650CKOM

Sask. posts record December job numbers - Star Phoenix


On behalf of all of us at TeamFisher, Royal LePage Saskatoon Real Estate, Happy New Year! It's been our pleasure to serve you if we've had that good fortune in the past year. If not, we hope that we might connect with you this year to provide top-notch service in the purchase or sale of a home. In any case, thank you making our website a part of your home search or sale tool kit. Please come back often. :)


A map displaying the boundaries of Saskatoon real estate areas is here.


An overview of data collection and calculation practices for our statistical reports is here.


Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here now.


I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.


Norm Fisher

Royal LePage Vidorra

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Who says the media only reports bad news? Here's a collection of Saskatchewan new stories from the last week.


I was born and raised in this province and cannot remember a time when there was so much optimism about Saskatchewan. It really is amazing how far we've come in the past six or seven years.


If only we could do something about the weather. :)


Saskatchewan economy still booming - NewsTalk 980CJME

Expectations high for Saskatoon in 2013 - Star Phoenix

Saskatchewan home builders leading the way, says CHAB president - Star Phoenix

Saskatchewan’s retail industry gaining strength - Star Phoenix

Saskatchewan stays strong - Star Phoenix

Sask. Chamber of Commerce says growth to continue in 2013 - NewsTalk 650CKOM

Experts see solid growth for Saskatchewan - Star Phoenix

Saskatchewan poised for good year - Star Phoenix

Saskatchewan small business optimistic about 2013 - News Talk 650CKOM

Record year for building permits in Saskatoon - Star Phoenix

City home sales, prices increase in 2012 - Star Phoenix

Sask. labour market trumps Alta. for the first time in decades - News Talk 650CKOM

Sask. posts record December job numbers - Star Phoenix

Saskatchewan and Alberta battle for workers - Star Phoenix

Year 2013 nothing to fear for Saskatchewan - Leader Post


Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here now.


I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.


Norm Fisher

Royal LePage Vidorra

Read

Up seven percent from a strong year in 2011, the value of building permits issued in Saskatoon hit a new high in 2012. The City of Saskatoonissued permits valued at almost $1.1 billion over the course of the year to blast past the previous year's record breaking numbers that reached $937 million.


In total, 5,196 building permits were issued in 2012 with 4,259 of those being residential in nature.


Read: Record year for building permits in Saskatoon - Star Phoenix


I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call of email me.


Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.


Norm Fisher
Royal LePage Saskatoon Real Estate

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The Saskatoon Region Association of Realtors® (SRAR) released the MLS® residential real estate statistics for December of 2012today accompanied by the following release.


Please note that many of the association’s comments touch on “year-to-date” numbers, and some are based on all sales within the association’s trading area. The charts which you see, as always, reflect activity within the city of Saskatoon on a month to month basis over the past several years.


The strong Saskatchewan economy in 2012 was reflected in real estate sales with a year-over-year increase in the average sale price of seven percent and an increase of five percent in units sold. “Sales activity was quite strong in the first two quarters of 2012 compared to the latter half of the year. This cooling off is most likely a reflection of the federal governments changes to the mortgage rules in June,” says Jason Yochim, Executive Officer with the Saskatoon Region Association of REALTORS® (SRAR). “The most notable decrease in sales activity since July 1 showed up in the price ranges below $400,000.”


The average sale price for a home in Saskatoon sat at just under $332,000 at the end of December while the median price hovered around $325,000. Comparatively, the average price in the rural market surrounding Saskatoon remained virtually unchanged with an increase of only one percent for the year. Sales in the rural market were up five percent over 2011 while the number of new properties listed dipped by four percent.


Click images for a larger view.


“At the end of December, the number of active listings on the SRAR MULTIPLE LISTING SERVICE® was at 1,793 which is a decrease of eight percent from the previous year,” says Yochim. Unit sales slightly outpaced new listings resulting in a decrease in available property for consumers to choose from. Builders have been working hard at filling this shortfall, however more product on the existing market would be timely and welcome. “The shortfall is not significant enough to push us out of a balanced market at this point with prices only increasing seven percent over the year”.


I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call of email me.


Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.


Norm Fisher
Royal LePage Saskatoon Real Estate

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Saskatoon's business leaders continue to have high expectations for the future growth of our city, according this article from the Saskatoon Star Phoenix that ran on the weekend.


Addressing a recent KMPG report that indicated Saskatoon is the "most tax-competitive city in the country," Tim LeClair, president and CEO of the Saskatoon Regional Economic Development Authority told the Star Phoenix that his office dealt with 443 companies who requested information on doing business in the city last year.


More from this story. Kent Smith-Windsor, executive director of the Greater Saskatoon Chamber of Commerce, says this current growth trend for Saskatoon could be comparable to the historic boom in the city from 1903 to 1913. He admits the city may have underestimated its capacity to grow. He points to the city's unemployment rate remaining steady at below five per cent in 2012 despite adding 12,000 new jobs during the same time period.

Overall Smith-Windsor's forecast for 2013 is a little more cloudy than he expected for 2012, but only because 2012 "met and almost exceeded our expectations." He added, "Everything we're seeing the next five years will be as good as or better than the previous five years in terms of the future of Saskatchewan. This is robust. This is real."


Read the Star Phoenix story here.

The referenced KPMG report is here.


Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here now.


I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.


Norm Fisher

Royal LePage Vidorra

Read
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.