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Remax forecasts gains in unit sales and home prices for Saskatoon in 2011

Remax released its Housing Market Outlook for 2011today calling for more balanced and stable real estate markets across Canada. Here’s a short excerpt on what they’re predicting for Saskatoon.


"Given the outlook, in-migration to Saskatoon is set to pick up once again, which will further bolster housing demand. A more diversified local economy will continue to support population growth, as cutting-edge projects like the Canadian Light Source Synchatron attract some of the best and brightest minds from Canada and abroad. Strong growth in new residential construction in 2010, and healthy starts predicted for 2011, will also support a rise in sales. First-time buyers are expected to drive demand for product priced from $250,000 to $350,000, while move-up buyers dominate the over $350,000 threshold. Investors should return to the market in increasing numbers next year, snapping up well-priced condominium and single-family properties, prompted by a vacancy rate that continues to hover near two per cent. Home sales are forecast to climb three per cent to 3,600 units by year-end, while average price posts a five per cent gain to $310,000 by year-end 2011."


The entire report is available here.


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Norm Fisher
Royal LePage Vidorra

Norm Fisher, Author of the TeamFisher Saskatoon Real Estate Blog

About Norm

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.Less...

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.

Norm is known for his passion for technology and can most often be found exploring and experimenting with the next big thing in real estate marketing. He was the first Saskatoon real estate agent to promote a home online and has been an early adopter of new technologies ever since. “Everything about this business has changed over the past 20 years, and it will happen again in the next ten. An open mind and a curious attitude are all that’s needed to continue to find new ways to serve our clients by delivering a faster, smoother, worry-free transaction,” says Norm.

In his spare time, Norm enjoys Crossfit and cycling, some years accumulating over 2,000 kilometres on the road. He’s a strong supporter of the Royal LePage Shelter Foundation and enjoys raising funds by joining fun, fitness-related initiatives like the Grouse Grind for Shelter. In 2015, he trekked the Peruvian Andes to Machu Picchu. In 2017 he walked the southern highlands of Iceland across mountains, sand, snow, ice, lava fields and forest for seven days. Collectively those initiatives raised over a million dollars for Canadian women's shelters.
 

Note: We are in the process of bringing this blog home to the TeamFisher.com domain and we have a lot of stuff to move! Another 700 posts can be found at normfisher.com where they'll remain until we can get them moved here.

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