RSS

Shanan Spencer-Brown, Executive Director of the Royal LePage Shelter Foundation presents the "Individual of the Year" award to Lyndon Neher.


Shanan Spencer-Brown, Executive Director of the Royal LePage Shelter Foundation presents the "Individual of the Year" award to Lyndon Neher.[/caption] We are very proud to announce that TeamFisher’s Lyndon Neher was selected as the Royal LePage Shelter Foundation’s Saskatchewan “Individual of the Year” for 2015.


This award goes to a Royal LePage REALTOR® with a history of supporting initiatives for the Royal LePage Shelter Foundation, and who has achieved something significant for the foundation in the last year.


Lyndon is a long-time supporter of the foundation through his generous financial donations and his willingness to support fundraising events for the cause. In 2015, he took the initiative to found the Royal LePage Golf Tournament. With his committee that included Colette Gates from Royal LePage Saskatoon, Alyss Gehl of Royal LePage Hallmark and Lisa Poier of Royal LePage Hallmark the tournament raised $23,000 for the YWCA Crisis Shelter and Saskatoon Interval House. This was the single largest fundraising event for the Shelter Foundation in Saskatchewan.


We’re proud of you Lyndon! Congratulations!


The Royal LePage Shelter Foundation is Canada’s largest public foundation dedicated exclusively to funding women’s shelters and violence prevention programs. In a typical year, the Shelter Foundation is the largest corporate donor to most woman’s shelters across Canada.


Every dollar raised goes directly to helping the more than 30,000 women and children who are served each year by the shelters and support programs we fund. Since 1998, the Shelter Foundation has raised more than $20 million and currently supports 200 local women’s shelters and national partners. Our agents donate a portion of their commissions and Royal LePage offices across Canada hold local fundraising events. Our brokers, agents and staff also volunteer and provide in-kind goods to benefit the women and children residing in their local shelters.


Norm Fisher
Royal LePage Vidorra

Read

Royal LePage House Price Survey for Q4, 2016

High inventory of homes in region creates buyer’s market in Saskatoon


SASKATOON, January 13, 2016 – The aggregate[1] price of a home in Saskatoon rose 1.2 per cent year-over-year to $375,370 in the fourth quarter of 2015, according to the Royal LePage House Price Survey[2] and Market Survey Forecast3released today.


Broken out by housing type, the median price of a bungalow rose 2.1 per cent year-over-year to $373,383. Two-storey homes saw modest growth of 1.4 per cent to $452,483. Condominium prices met some softness, declining 4.3 per cent year-over-year to $238,619.


“The drop in crude oil prices has had less of an impact on the area’s housing market than many people had anticipated,” said Matt Miller, associate broker, Royal LePage Saskatoon Real Estate. “The main factor contributing to price trends in this region is the high inventory of houses and condominiums, partially due to new construction. Overall, Saskatoon is currently in a buyer’s market situation, resulting in numerous options for ready purchasers.”


Looking ahead, Miller predicts that Saskatoon house prices will remain relatively flat in the coming year, and that the market will remain a buyer’s market until inventory levels begin to decrease.


Nationally, Canada’s residential real estate market showed strong growth in the fourth quarter of 2015, led by hot Vancouver and Toronto markets. Looking forward to 2016, Royal LePage expects continued price increases in most markets, but not at the pace that has been the recent norm. Instead, the national real estate market is expected to slow later this year, principally due to the effects of a dampened economy in Western Canada and eroding affordability in Toronto and Vancouver.


The price of a home in Canada increased 6.5 per cent year-over-year to $500,688 in the fourth quarter. The price of a two-storey home rose 7.7 per cent year-over-year to $610,134, and the price of a bungalow increased 5.4 per cent to $420,082. During the same period, the price of a condominium increased 3.1 per cent to $341,448. Looking ahead to 2016, Royal LePage forecasts that the median price of a home in Canada will increase at 4.1 per cent for the full year when compared to 2015.


“The frenetic pace of our country’s largest housing markets should moderate throughout the year ahead,” said Phil Soper, president and chief executive officer, Royal LePage. “While most of the country will continue to see house value appreciation in 2016, we expect that the pace of price increases in the Greater Vancouver and the Greater Toronto Areas – where real estate appreciation has significantly outpaced job and wage growth – will settle to a more sustainable, single-digit price increase trajectory.”


In 2016, Royal LePage expects the price of residential real estate in Canada to be more heavily influenced by macroeconomic factors than by housing-specific variables such as tighter regulation in the mortgage industry. The Bank of Canada is expected to keep its overnight rate steady through the all-important spring market, extending the prolonged period of exceptionally low borrowing rates. While the new Federal Minister of Finance kicked off his appointment with a hike to 10% in the minimum down payment required for the portion of mortgage insurance over $500,000, Royal LePage expects this change to have a marginal effect on the overall market.


About the Royal LePage House Price Survey


The Royal LePage House Price Survey provides information on the three most common types of housing in Canada, in 53 of the nation’s largest real estate markets. Housing values in the House Price Survey are based on the Royal LePage National House Price Composite, produced quarterly through the use of company data in addition to data and analytics from its sister company, Brookfield RPS, the trusted source for residential real estate intelligence and analytics in Canada. Commentary on housing and forecast values are provided by Royal LePage residential real estate experts, based on their opinions and market knowledge.


About Royal LePage


Serving Canadians since 1913, Royal LePage is the country’s leading provider of services to real estate brokerages, with a network of over 16,000 real estate professionals in more than 600 locations nationwide. Royal LePage is the only Canadian real estate company to have its own charitable foundation, the Royal LePage Shelter Foundation, dedicated to supporting women’s and children’s shelters and educational programs aimed at ending domestic violence. Royal LePage is a Brookfield Real Estate Services Inc. company, a TSX-listed corporation trading under the symbol TSX:BRE.


[1]Aggregate prices are calculated via a weighted average of the median values of homes for reported property types in the regions surveyed


[2]Powered by Brookfield RPS


3 The Royal LePage Market Survey Forecast provides projections for aggregate national and regional house prices at 2016 year- end close (fourth quarter 2016 close)

Read

Machu-Picchu--417


It has been 53 days since Becky and I returned home from Peru. Each day, “Write about Peru” topped my to-do list, and for 52 consecutive days I have failed to strike that item, repeatedly moving it forward to be tackled another day. Today shall be that day. It’s not that I didn’t want to write. I did. I just couldn’t find the place to start, or the words to describe an experience that was simply indescribable. As it sit here today in front of my keyboard and reflect on this experience, emotions are carrying me off and I find my vision suddenly blurred by tears. Peru was just one part of what can only be considered an amazing year for me, packed with wonderful changes and events. We opened Royal LePage Vidorra, our downtown location. We completed the purchase of Hallmark Realty and we began a new association with a terrific group of great people there. On a more personal side, my daughter Pamela announced that our family would soon (this December) grow with the addition of a grandchild! Yeaaaah! Becky and I re-opened the previously empty nest when Becky’s daughter Brielle came to live with us. My son Justin and his lovely partner Zoe who have been away for what seems like forever finally came home! I have so much to be grateful for, and then, Peru. Wow! For those who don’t know, Becky and I went to Peru for a pretty special reason, the Machu Picchu Challenge for Shelter. Almost two years in the making, this fundraiser brought nearly 70 Royal LePage agents from across Canada together to raise funds for local women’s shelters in what turned out to be one of the Royal LePage Shelter Foundation’s most successful fundraisers ever. As of today, $488,347.84 has been raised for shelters that badly need these funds. About $15,000 of that money will find its way to the Saskatoon YWCA Crisis Shelter and Saskatoon Interval House. To all of those who contributed to our campaign, thank you so very much! If you had intended to do so, but didn’t, and would still like to, our page is still open and accepting donations here. Nothing would thrill us more than to push this above $500K before we close. Thank you again from the bottom of our hearts. Peru was amazing as you can well imagine. Over the two weeks we spent there we experienced so much. As I said, it’s very challenging to describe this trip in words. Thankfully, my new friend Cory Permack, husband of my Royal LePage colleague Rebecca Permack was gracious enough to allow me to use his photos to assist me. Thank you Cory! He took some images that will blow your mind. I promise. So, I’ve broken this post into sections so you can get to whatever seems interesting to you. If you can only make time for one or two clicks, I would really encourage you to visit the two “people” pages.


The beautiful city of Cusco, Peru People of Cusco, Peru Festivals and celebrations of Cusco, Peru Markets and street vendors of Cusco, Peru Food of Cusco, Peru The Andes Mountains of Peru Our trek through the Andes Camping in the Andes The Andean people of Peru Animals of the Andes Machu Picchu, the prize after a gruelling trek The trekkers Take aways


Once again, my thanks to all who supported us in this fundraiser, whether that was through contributions or an encouraging word. It was an experience that we will never, ever forget and we so appreciate you choosing to be on the journey with us.


Norm

Read

SASKATOON, October 14, 2015– The Royal LePage House Price Survey released today showed relatively flat to moderate year-over-year median price increases across housing types surveyed in Saskatoon. During the third quarter of 2015, the aggregate price of a home in the region rose 0.5 per cent to $368,722.


Over this period, the median price of a two-storey home in Saskatoon rose 0.6 per cent year-over-year to $434,807, while the price of a bungalow saw a slight decline of 0.1 per cent to $369,678. At the same time, the price of a condominium showed steady growth of 2.7 per cent year-over-year to $246,191.


“Weak oil prices and slowing population growth have contributed to an overall slowdown in home sales activity as buyers are remaining more cautious; however, the market is still reasonably active. We expected to be hit harder by the downturn in the energy sector than we were,” said Norm Fisher, broker and owner, Royal LePage Vidorra. “We are still seeing income and job growth, which, combined with low interest rates, is maintaining sales activity levels and stability in home prices.”


Nationally, home prices showed moderate to strong year-over-year price increases in most markets in Canada. According to the report, the price of a home in Canada increased 8.0 per cent year-over-year to $502,643 in the third quarter. The price of a two-storey home rose 9.9 percent year-over-year to $615,304, and the price of a bungalow increased 6.8 per cent to $421,757. During the same period, the price of a condominium increased 2.8 per cent to $338,684.


“Economic slowdowns in energy-dependent markets, most notably in western Canada, have in part been offset by both renewed industrial activity in other parts of the country and the Bank of Canada’s recent interest rate cuts,” said Phil Soper, chief executive officer, Royal LePage. “In line with recent quarters, strong national home price increases are largely being driven by continued double-digit percentage increases in the Greater Toronto Area and Greater Vancouver, where housing affordability is already becoming a growing challenge for many individuals and families.”


“Home ownership remains a bright light amid unsettled investment and savings options in volatile global capital markets. As we lead up to election day, it’s not surprising that all of the major political parties are acknowledging the housing sector’s prominence as the foundation on which the economy has been built for years, and a critical foundation upon which Canadians can build their savings,” continued Soper.


Beginning this quarter, Royal LePage’s House Price Survey includes the Royal LePage National House Price Composite comprising house values for 53 of the nation’s largest real estate markets through the use of a proprietary, custom-built system that analyzes a housing database containing millions of real estate transactions. The enhancements are made possible through Royal LePage’s collaboration with its sister company, Brookfield RPS, a leader in residential real estate data and analytics in Canada.

Read

The day has finally arrived! After more than a year of anticipation, Becky (love of my life) and I head off to Peru for an experience that is sure to change our lives. We’ll arrive in Cusco tomorrow morning, and once we’re there, a seven-day experience of a lifetime will begin. Together with a group of 60 friends, we’ll trek through the Andes to Machu Picchu, the 15thcentury “Incan citadel set high in the Andes Mountains in Peru, above the Urubamba River valley. Built in the 15th century and later abandoned, it’s renowned for its sophisticated dry-stone walls that fuse huge blocks without the use of mortar, intriguing buildings that play on astronomical alignments, and panoramic views. Its exact former use remains a mystery.”


As we make our way through the Andes, on foot, we will be living without the modern conveniences that we have come to expect, and in fact, take for granted. No beds, no bathrooms, no showers, no phones, no Netflix, no email, no facebook, email, etc. Just a group of friends, with a common mission, enjoying some of the world’s most beautiful scenery, in our own human stinkiness. Haha. Relax, we have a ton of baby wipes, and as an old friend used to say, there are very few personal hygiene problems that can’t be solved with baby wipes. I expect that’s a stretch but we’ll be okay.


It’s my hope, and the hope of those that we’ll travel with that this trip will be life changing, not only for us, but for others in our community. This is no ordinary trek. It’s a trek with a mission. Together, we are on a mission to raise much needed money for women’s shelters that operate across Canada. As of this morning, our efforts have raised over $450,000 for these shelters, surpassing our original goal but putting us within reach of the half million-dollar mark, which would be just an unimaginable achievement.


Perhaps you’d like to help? I’d appreciate just a few minutes of your time to tell you a bit more about what we’re doing, and why we’re doing it.


I realize that you’re probably a person who is conscious of the great needs that exist in our communities, and I’m sure that you have your causes that you support. I respect you for that entirely, so let me say this; if you can’t join me in this fight with a financial contribution you can help make a difference in other ways. Read on, please. I can’t let this moment pass without sharing with you the grave importance of the mission that we are on, this fight that we are in.


You see, in spite of the fact that we like to see ourselves as living in a pretty civilized society, all of the hard evidence suggests (No, it actually proves) that we as a society continue to undervalue women. A recent story in the Huffington Post reveals, more or less what we all know. A woman in Canada can expect to be paid less than a man for the same work. Sadly, women are still well under-represented in positions of authority. Check out the 41st Parliament of Canadawhere you’ll see almost three men for every woman who holds a seat.


But, this mission isn’t about pay equity…or politics. It’s about something even more important than that. It’s about life, security, and safety.


This mission is about the fact that Canadian women are still being beaten and killed by their domestic partners at an alarming rate.


That’s a fact! In a typical year, more than 60 Canadian women will be killed by the person who they share a home with, the person who is supposed to care for them and love them.


This is a problem that is worse in Saskatchewan than it is in any Canadian province. This year is no exception. It’s already been a very tough year for Saskatchewan.


Consider for a moment, Latasha Gossling, the Tisdale woman who died in April, along with her three beautiful children, at the hands of a man who she had been in a relationship with for three years.


Then there was Celeste Yawney, a 33-year old Regina woman who had dedicated her life to the protection of women in her community, killed in May. An “ex-boyfriend” has been charged with her brutal murder.


Most recently, 47-year old Lisa Stranghad her life taken in her McLean area home just weeks ago, her husband charged with her murder.


Most people, I believe, have no idea how terribly common this is. In a story published on Global News, Amy Stenrud of the Regina YWCA had this to say about domestic violence in Saskatchewan.


“You never expect it to happen to someone you care about, however the stats tell us something else. Saskatchewan has the highest rate of all the provinces, the only rate higher is in the territories, of intimate partner violence.”


It’s all too common. In fact, 67 percent of all Canadians personally know of a woman who has been either sexually or physically abused. Did you know that one in three young women report having experienced “dating violence”?


These women are our mothers! They are our sisters! They are our daughters, for crying out loud!


The very sad reality is that every single night in Canada more than 3,000 women and children seek help at a shelter when they finally gather the courage to say, “enough” and that’s not easy, because the perpetrators of this type of violence wear their victims down emotionally to the point where you’re actually scared to tell the people you love what’s going on.


The first line of defence in this important fight is to ensure that they have help when they finally reach the "enough" moment, but it’s not always easy. Last year, in Saskatoon, the YWCA Crisis Shelterprovided help to 950 women in our community. According to their website, they “had to turn away more than they could serve.”


This is not right…not here…not in Canada.


No woman should have to feel unsafe in her own home, and when she does, we need to support her, and that starts with providing a safe place where she can go for help.


So, I’m going to ask you to do three things, four if you’re a man.

  • If you can, go to TeamFisherTrekForShelter.ca and make a donation, please. Whatever you can afford will go to good use right here in Saskatoon at the YWCA Crisis Shelter and Saskatoon Interval House.
  • Keep your ears open for off hand jokes that involve violence against women and speak up when you hear them. There’s nothing funny about slapping a woman. Nothing!
  • Watch for signs of abuse in your own circles and encourage woman who are suffering to seek help at a shelter. Let them know that there is hope, that there are people who want to help.
  • If you’re a man, treat the women in your life with the respect that they deserve, every day. If you lose your cool and adopt a threatening tone in an attempt to scare, you’ve already gone too far. Stop it!


Until we reach a point where women are safe from violence in their own homes, we’ll have huge problems as a society. We have got to put and end to it. We can. We will.


Becky and I would like to express our thanks to the many people who have already chosen to support our fundraiser, financially or otherwise. For the record, each participant on this trek looked after his or her own travel expenses, so your contribution is not underwriting a vacation. In fact, every dollar you donate will make it to a local shelter where it will go to work helping abused women and their kids.


Thanks so much for taking the time to read and learn about what we’re doing.


Let’s put an end to domestic violence and make home a safe place for everyone.


We’re off to catch a plane.


Norm Fisher


P.S. The Royal LePage Shelter Foundation is a registered charitable foundation. The administrative costs of the foundation are underwritten by Royal LePage so every dollar raised goes directly to helping the more than 30,000 women and children who are served each year by the shelters and the support programs we fund. Since its inception, the Shelter Foundation has raised more than $20 million and currently supports 200 local women’s shelters and national partners

Read


The results are in.


Saskatoon’s First Annual Royal LePage Golf Tournament for Shelter, held on June 19 at the Willow’s Golf and Country Club was a huge success raising $23,000 for Saskatoon women’s shelters. The funds raised will be divided between Saskatoon Interval House and the Saskatoon YWCA Crisis Shelter.


We’re so very proud of those who worked to bring this great fundraiser together. You did an amazing job! Our golf committee consisted of:


Lyndon Neher, Royal LePage Vidorra

Colette Gates, Royal LePage Saskatoon Real Estate

Alyss Gehl, Royal LePage HALLMARK

Lisa Poier, Royal LePage HALLMARK


On behalf of all Royal LePage agents and brokers in Saskatoon, we’d like to thank all who participated as golfers, with special thanks to our very gracious sponsors who have made this fundraiser possible, and successful. Please remember these businesses for their generosity.


Dinner Sponsors

TMG, The Mortgage Group

Cuelenaere, Kendall, Katzman and Watson


Gold Sponsors

Helen Hyde, Royal LePage Hallmark

SIGA

Daytona Homes

Dave Gibson - TD Bank Mortgage Architects


Hole Sponsors

Saskatoon Appliance

TKB Law

Leland Kimpinski Law Office

Shawna MacDonald, TMG

Complete Home Inspections

TJ’s Pizza

McDougall Gauley Law Office

Chornoby Law Office

Normand Properties

Bergerman and Smith Law Office

Prairie Building Inspections

Pattison Signs

WMCZ Law

Geransky’s Moving and Storage

Clara Bitzer Law

Royal LePage Varsity

Lawson Appraisals

Royal LePage Vidorra


Prize & Donation Sponsors

Home Alyze

Gabruch Legal Group

Don McIvor, Royal LePage HALLMARK

Abacus Signs

Scott Prokop Photography

WMCZ Law

Hudson’s Canadian Tap House

Delta Bessborough Hotel

Premium Spas

The Fox and Hounds

Boston Pizza

Rocky Mountain Chocolate Factory

Cut Steak House

The Willows Golf and Country Club

Ed Wojcichowsky, Royal LePage Saskatoon Real Estate

Linda Pittner, Royal LePage Saskatoon Real Estate

Genworth Canada

Tara Chornoby

Robertson Stromberg Law Office

Deryk Kendall,

Cuelenaere, Kendall, Katzman and Watson

Motion Fitness

Cindy Moleski Photography

Jason Buntle - All in the Wild Photo

Al Weitzel Gallery

Jason Rumpel and Troy Gordon, Royal LePage Regina Realty


Domestic violence continues to be a huge problem is Saskatchewan where rates of family violence are the highest of any province, and twice the national average. In the past three months, three incidents involving intimate partners (or former intimate partners) have cost this province nine lives, most of them women and children.

Read


SASKATOON, April 15, 2015 – The Royal LePage House Price Survey released today showed mixed year-over-year results in the major housing types surveyed in Saskatoon.


Standard two-storey homes and detached bungalows prices remained relatively flat, increasing 0.6 per cent year-over-year to $396,000 and 0.5 per cent to 365,750, respectively. Meanwhile, standard condominiums prices experienced a steadier increase of 4.5 per cent to $277,000 over the same period.


“We saw a record year in Saskatoon in 2014, and are now experiencing a cooling off where prices are increasing, but at a drastically slower rate,” said Norm Fisher, broker and owner, Royal LePage Vidorra. “The exception is in the condominium category, which has been bumped up by a collection of new units making their way onto the market during the quarter.”


“Among the detached bungalow and standard two-storey homes categories we have seen a slight dip in unit sales and a considerable increase in available inventory when compared to this time last year. In fact, the number of available residential units is sitting at near record numbers,” he added.


Fisher isn’t deterred by current market conditions as he sees the wealth of inventory enticing buyers who want to take advantage of attractive prices in the spring market and expects activity to ultimately be in line with the five-year average for sales.


Nationally, Canada’s real estate market is experiencing a soft landing, characterized by slower than normal home price increases. Much higher price increases were observed in the country’s two largest urban markets, which combined to send the national average values upwards, partially obscuring the broader national trend.

During the quarter, the average price of a home in Canada rose between 3.8 per cent and 6.6 per cent year-over-year in the first quarter. When broken out by housing type, the survey showed a year-over-year average price increase of 5.3 per cent to $451,463 for standard two-storey homes, while detached bungalows rose 6.6 per cent to $405,895. During the same period, the average price of standard condominiums climbed 3.8 per cent to $261,782.

The steady softening of prices in most markets across the country was first observed in the mid-year 2014 Royal LePage House Price Survey. In recent months, two unanticipated factors disrupted the natural housing price cycle: the steep decline in oil prices late in 2014 and the Bank of Canada’s subsequent reaction in lowering the overnight rate early in 2015.


“Canadian home buyers, with the last decade’s recession still top of mind, have been very sensitive to shifting, broad economic factors. The oil shock has been unsettling for the national economy, consumer confidence and by extension, the housing market,” said Phil Soper, president and chief executive, Royal LePage.  “That said, lower prices at the pump and the confidence boosting move by the central bank to lower interest rates have been supportive. With these factors combined, we have a soft-landing for housing after several years of robust expansion. We define a soft-landing as a market in which home prices are flat or increasing slightly, giving the economy and family incomes, a chance to catch up.”


“On balance, we believe we will not be seeing the kind of appreciation observed over the last three years any time soon, as markets work through the current cycle and align with broader economic conditions,” continued Soper. “In terms of downside risk, we do not foresee a sharp decline in home prices, particularly in today’s low interest rate environment.”


About the Royal LePage House Price Survey


The Royal LePage House Price Survey is the largest, most comprehensive study of its kind in Canada, with information on seven types of housing in over 250 neighbourhoods from coast to coast. This release references an abbreviated version of the survey which highlights house price trends for the three most common types of housing in Canada in 90 communities across the country. A complete database of past and present surveys is available on the Royal LePage website at www.royallepage.ca. Current figures will be updated following the complete tabulation of the data for the first quarter of 2015. A printable version of the first quarter 2015 survey will be available online on May 15, 2015. Housing values in the Royal LePage House Price Survey are Royal LePage opinions of fair market value in each location, based on local data and market knowledge provided by Royal LePage residential real estate experts.


About Royal LePage


Serving Canadians since 1913, Royal LePage is the country’s leading provider of services to real estate brokerages, with a network of over 16,000 real estate professionals in more than 600 locations nationwide. Royal LePage is the only Canadian real estate company to have its own charitable foundation, the Royal LePage Shelter Foundation, dedicated to supporting women’s and children’s shelters and educational programs aimed at ending domestic violence. Royal LePage is a Brookfield Real Estate Services Inc. company, a TSX-listed corporation trading under the symbol TSX:BRE.

 

Read


The Royal LePage House Price Survey and Market Survey Forecast released today showed mixed year-­over-­year results in the major housing types surveyed.


There was strong price appreciation in several major categories, including standard two­-storey homes, which increased by 5.9 per cent to $401,750, and condominiums, which increased 4.0 per cent to $275,333. Detached bungalows bucked the positive trend, with the average price decreasing 2.2 per cent to $359,000.


“This will be a record year in Saskatoon for the number of units sold, and the second year in a row where we have seen activity well above historical averages,” said Norm Fisher, broker and owner, Royal LePage Vidorra. “The market as a whole has been clipping along with very strong demand, largely based on a robust local economy and positive employment picture.”


“Demand for two­ storey homes has been especially strong in Saskatoon, including quite a few new builds, which is partially responsible for the significant increase in average prices in that category,” added Fisher.


Royal LePage is forecasting stable prices as demand for homes eases. “After two very strong years where we saw buoyant activity and moderate price appreciation, we expect that Saskatoon’s market will revert to historical averages in 2015. We are ending the year with a high level of inventory available, which suggests a competitive environment for sellers in the year ahead.”


Fisher expects that the price of oil and interest rates will have an influence on the housing sector in 2015. “A prolonged depression in oil prices or a spike in interest rates are the biggest threats to the real estate market in the year ahead, as they could hurt the overall economy and labour market or affect the affordability of homes,” Fisher said.


Read also: Global News - 2015 housing prices should remain stable: Royal LePage

Read

SASKATOON, July 9, 2014- The Royal LePage House Price Survey and Market Survey Forecast released today showed moderate growth for most housing types surveyed.


The average price of a standard condominium in Saskatoon saw the largest growth, with an increase of 2.9 per cent to $261,333. Meanwhile, detached bungalows increased 1.6 per cent to $375,000 while standard two storey homes rose just 1.3 per cent to 399,250.


"We saw the strongest price increase this quarter in the condo segment, in large part due to a higher percentage of newer units having sold," said Norm Fisher, sales manager, Royal LePage Saskatoon. "Detached bungalows saw a slight increase in average price due to a lack of units available, while standard two-storey homes saw just modest increases because of surplus supply, which is the highest we have seen since 2009.


According to Fisher, prices are more stable due to a combination of factors that include a slowdown in immigration, which had been fuelling the Saskatoon market, and a slowing potash sector.


Looking ahead to the remainder of 2014, Fisher forecasts the continuation of stronger than normal demand for housing while increased residential inventory levels keep prices from rising further.


“We have now passed the spring rush, which is traditionally followed by a period of slow but steady declines in unit sale numbers as we approach year end, so average prices are likely to be on par with 2013 prices by the end of the year.”


Nationally, with the harsh winter now a fading memory, the average price of a home in Canada increased between 3.9 and 5.2 per cent in the second quarter of 2014. According to Royal LePage, price increases were posted across housing types, with detached bungalows seeing the highest year-over-year gains, rising 5.2 per cent to an average price of $406,454. Meanwhile, standard two-storey homes rose 5.1 per cent year-over-year to $440,972, while standard condominiums posted gains of 3.9 per cent to $258,501.


"Chronic supply shortages are driving price spikes in Canada's major cities, masking otherwise moderate home price appreciation nationally," said Phil Soper, president and chief executive of Royal LePage. "While a widening affordability gap in Canada's largest urban centres is characterizing the national market Canadians read about daily, year-over-year house price increases in most regions of the country are presently tracking below the historical average."


Looking ahead at the remainder of 2014, Royal LePage is projecting that the national average house price will increase at 5.1% per cent for the full-year. "Compared to other major forecasts, our year-beginning national outlook predicted a higher level of 2014 average price appreciation, yet supply constraints in a handful of our largest cities necessitate a revision upwards," noted Soper. "Looking ahead to 2015, we expect house prices to track more closely to the rate of general economic growth. That is, we see price increases in Canada's largest cities moderating, just as our smaller city markets should see a lift."

Read

The Royal LePage House Price Survey released today showed steady but restrained growth in prices across all housing types surveyed in Saskatoon in the first quarter.


Detached bungalow prices continued to rise year-over-year, increasing by 3.2 per cent to $363,750.  Standard two-storey homes also continued to appreciate, rising by 2.5 per cent to $393,500.  Standard condominiums witnessed the smallest increase, but still rose by 1.4 per cent to rest at $265,000.


“An increase in new housing inventory has allowed supply to start to catch up to the strong demand we’ve seen over the past few years,” said Norm Fisher, Broker, Royal LePage Saskatoon. “The rapid price appreciation we have become accustomed to is starting to level off, but there is still not enough supply in key market segments to completely stem the price growth.”


According to Fisher, inventory levels have gone up this quarter, especially in the condo category. However, he doesn’t expect the increased inventory to have a dampening effect on house prices because of the strong local economy and continued low interest rates.


“Interestingly, the overall number of homes changing hands has stayed relatively steady compared to this quarter last year, but the type of homes that buyers are purchasing is different. Sales of detached bungalows and condos are actually lower than last year, while sales of standard two-storey homes have increased,” added Fisher.  “The robust demand for two-storey homes positions homeowners with these properties to sell quickly and on good terms.”


Fisher suggested that in the current market new builds are more affordable than the resale category because of a supply imbalance. “Because there are fewer homes available, sellers of previously owned homes have good clout and are able to turnover their homes quite quickly.”


Nationally, most regions showed healthy year-over-year price growth, with the average price of a home in Canada rising between 2.5 per cent and 5.4 per cent. In the first quarter, the average price of a two-storey home increased 5.4 per cent to $428,943, while detached bungalows rose 4.4 per cent year-over-year to $380,765. Standard condominiums posted slightly lower gains of 2.5 per cent to $252,174.


"With the slightest trace of a weather recovery in most parts of the country, we are now finally seeing the arrival of housing inventory. This, combined with pent-up demand following a particularly long and harsh winter is setting the stage for an exceptionally robust spring 2014 market," said Phil Soper, President, Royal LePage. "This is good news for buyers, as the price spikes we have seen in a number of cities will be alleviated by this additional supply."


"With a number of supportive economic factors in place, the country's healthy real estate market continues to display its strength," added Soper. "The federal government is heading towards a balanced budget for the first time in over six years, while all signs point to a continued low interest rate environment. Moreover, the strengthening global economy and a weaker Canadian dollar are fueling demand for Canadian exports and reducing dependence on the household sector to sustain our economic success."

Read

SASKATOON, January 9, 2014– The Royal LePage House Price Survey and Market Survey Forecast released today showed small year-over-year price increases across major housing types surveyed.


There was mild price appreciation in the major categories surveyed, with detached bungalows increasing 1.0 per cent to $367,250, standard two-storey homes increasing 0.7 per cent to $379,250 and condominiums increasing 1.3 per cent to $264,667.


“Most housing types have been stable over the past year, with relatively modest price appreciation across the board,” said Norm Fisher, broker, Royal LePage Saskatoon. “There are lots of options available in Saskatoon to willing buyers, with a steady supply of new builds to complement the resale market. Despite the bump in supply, demand has been strong enough that the increased inventory hasn’t resulted in a buyer’s market but homebuyers certainly have more clout at the negotiating table than they had over the previous two quarters.”


Fisher added that this year has been very good for residential real estate in Saskatoon. After a slow start to the year there has been sustained growth in the number of homes changing hands. 2013 closes as the second strongest year on record for the number of homes sold in Saskatoon. The fourth quarter, which has traditionally been a slower period, has witnessed a higher than usual number of sales.


Royal LePage is forecasting stable prices with perhaps moderate gains in the most popular housing categories for 2014 as the Saskatoon economy continues to grow.  “Saskatoon is predicted to have one of the best performing economies in 2014,” stated Fisher. “Employment is quite strong, income growth has been better than most provinces and there is an influx of people into the province. These factors combined with low interest rates and relatively high rents point to our residential real estate market remaining strong through 2014.”


“We may see the same volume of houses being bought and sold as in 2013, but the market here is likely to remain very competitive for sellers,” Fisher concluded.


Nationally, in the same quarter, the average price of a home in Canada increased between 1.2 per cent and 3.8 per cent in the fourth quarter, with 2014 home price appreciation predicted to surpass that of 2013.


The survey showed year-over-year average price increases in the fourth quarter of 2013 of 3.6 per cent to $418,282 for standard two-storey homes and 3.8 per cent to $380,710 for detached bungalows, while the average price of a standard condominium rose 1.2 per cent to $246,530. Prices are expected to maintain healthy momentum into 2014, with Royal LePage projecting a 3.7 per cent increase nationally from 2013 and a shift to a seller’s market in the first portion of the year in a number of regions.


“A few short months ago, the country’s housing market emerged from a year-long correctional cycle of dramatically slowed sales volumes. Later 2013 was marked by a transition to buoyant sales volumes and above average price growth,” said Phil Soper, president and chief executive of Royal LePage. “In the absence of some calamitous event or material increase in mortgage financing costs, we expect this positive momentum to characterize 2014. In fact, we expect a market tipped decidedly in favour of sellers for the first half of the year, after which we project a shift to a more balanced market.”


“We predict continued upward pressure on home prices as we move towards the all-important spring market. In addition to normal demand, housing prices in Canada this year will be influenced by buyers who put off purchase plans in the very soft spring of 2013,” continued Soper. “Talk of a ‘soft landing’ for Canada’s real estate market in the new year is misguided.  We expect no landing, no slowdown, and no correction in the near-term. Conditions are ripe for as strong a market as we saw in the post-recessionary rebound of the last decade.”

Read


The Royal LePage House Price Survey released today showed continued year-over-year growth in prices across housing types surveyed in Saskatoon in the third quarter.


Standard two-storey homes witnessed the largest increase, rising by 7.0 per cent to $399,750. Detached bungalow prices also made solid gains, jumping by 5.2 per cent to $366,250. Standard condominiums remained relatively flat, edging up by 1.1 per cent to $255,000.


“A healthy mix of first-time and move-up buyers has created strong demand for both detached bungalows and standard-two storeys,” said Norm Fisher, broker, Royal LePage Saskatoon Real Estate. “Houses that are priced properly and well-presented are selling quickly.”


“Rising prices in the detached home market have also had a spill-over effect on the condominium market,” added Fisher. “The standard condominium category has become an attractive entry point for first-time buyers.”


Nationally, the average price of a home in Canada increased between 1.2 per cent and 4.1 per cent in the third quarter of 2013.


The survey showed a year-over-year average price increase of 3.7 per cent to $418,686 for standard two-storey homes, while detached bungalows rose 4.1 per cent to $381,811. During the same period, the average price for standard condominiums saw a more moderate increase, rising 1.2 per cent to $246,530. Sales volumes surged in a number of regions, as Canadians re-entered the housing market after sitting on the sidelines for more than a year – marking the end of the most significant housing market correction since the 2008-2009 global recession.


“Canada experienced a significant housing market correction over the last four quarters that most in the nation missed entirely," said Phil Soper, president and chief executive of Royal LePage.  "Many regions experienced dramatic slowdowns in the number of homes trading hands, but news of double-digit unit sales declines went largely unnoticed, over-shadowed by a macabre fascination with the prospect of a U.S.-style home price collapse, which of course never transpired. Our over-heated real estate market of 2011 and early 2012 drove some to the sidelines. Home price appreciation ground to a halt for a year – a necessary breather and predictable market response."


“Our housing market turned a corner in the third quarter. Buyers returned to the streets in droves, resulting in a sharp increase in home sales.  In many cities, there simply weren't enough properties on the market to satisfy demand, which put upward pressure on prices for the first time in 2013," continued Soper. “We expect this positive momentum to continue through the all-important spring market of 2014, buoyed by a combination of pent-up demand, increasing consumer confidence and continued low interest rates.”


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 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

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.