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Saskatchewan the only province to see housing affordability improve in Q1/2012: RBC

 
Higher home prices caused affordability to deteriorate slightly across Canada over the first quarter of 2012, according to the Royal Bank’s most recent study. Characterizing the change as “mild,” RBC notes that their measures still stand “slightly above historical averages…” with the recognition that massive “regional divergences persist."
 
Saskatchewan was the only province to buck the trend showing modest affordability improvements in all housing categories measured to mark the third consecutive quarterly improvement.
 
According to the report, “This latest easing in the measures brought affordability levels even closer to long-term averages in Saskatchewan, which implies that any undue stress being exerted on provincial homebuyers is dissipating. Very strong market activity since the fall of last year seems to corroborate this. Home resales have surged to record-high levels in the first quarter of this year in Saskatchewan. Rapid economic growth will continue to support the province’s housing market in 2012.”
 
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
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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