In a report titled, “Migration Drives Saskatchewan Housing Market and Economy,” RBC is predicting that Saskatchewan’s economy will grow by 4% in 2007, and 3.6% in 2008, outpacing the Canadian economy and all but two other provinces.
“After ten years of declining population, the province is enjoying its largest migration surge in 25 years,” said [...]
The Saskatoon real estate market continued its hectic pace through yet another week with buyers showing few signs that they’re willing to let up anytime soon. While the percentage of homes selling for more than the asking price was down from the previous week, the average overbid across all Saskatoon real estate areas set a [...]
Last week, and the week before we saw the percentage of Saskatoon homes which were selling above the asking price drop to levels than we hadn’t seen for a couple of months. The numbers from this week took us in the other direction showing the highest percentages of over list price sales on record. A [...]
Housing affordability deteriorated across Canada during the first quarter of 2007, and most sharply in Saskatchewan according to RBC’s Housing Affordability survey which was released today. It probably comes as no surprise that Saskatoon wins the prize for the highest levels of change in the affordability measure when compared to the last quarter of 2006.
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“Do you think it’s slowing down?” This is a question which is being asked by many Saskatoon real estate agents lately.
There’s no question that things have felt a little different over the past few weeks. While my last few listings have all received multiple offers and sold above the asking price, they have [...]
The CanadaWest Foundation just released a report titled, “Urban Quality of Life and Urban Growth” which is based on survey responses gathered through interviews with 3,500 respondents in seven Canadian cities.
It seems that the highest “quality of life rating” was found right here is Saskatoon where close to 90% of those surveyed rated the [...]
“While the Bank of Canada elected to leave its key lending rate unchanged at 4.25%, it will likely be the last time the central bank does so for a little while. In acknowledging that both economic growth and inflation has exceeded its expectations, the Bank explicitly stated that “some increase in the target for the [...]
I read an article today written by commercial real estate/property management specialist, Don Sylvester of Saskatoon Real Estate Services which appeared in “The View,” the monthly newsletter of the Saskatoon and Region Association of REALTORS®. Don discusses the frenzy of buying activity in Saskatoon apartment buildings this year.
“The apartment sale for condo conversion [...]
It was another big week for reported sales with a total of 146 units and while the “average overbid” across all Saskatoon real estate areas reached its highest level at $27,770 the percentage of listings which sold for more than asking price dropped to its lowest level since the last week of March. Contributing to [...]
I came across an interesting “Letter to the Editor” in yesterday’s Star Phoenix which I wanted to touch on. The letter was submitted by Maureen Shebelski, a Saskatoon resident and mother.
Maureen’s decrial of the current state of the Saskatoon real estate market is a testimonial to her social conscience and it’s obvious that [...]
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. [...]
