Whether or not you wish to call it a downtrend, there should be little question that the Saskatoon real estate market has cooled considerably when compared to recent months. It’s beginning to feel “normal” again with listings lingering a little bit longer and prospective buyers are once again feeling like they have some options which [...]
In spite of a reduction in new residential listings and marginally higher home sales the Saskatoon real estate market continued it slow but steady trend towards “balance.” A total of 110 Saskatoon homes were placed on the market, while 83 detached homes and condominiums were reported as having sold. The total number of active residential [...]
According to a new report by Statistics Canada, Saskatchewan experienced the largest increase in retail sales when compared to all other Canadian provinces between July 2006 and July 2007. Retail sales in Saskatchewan surged ahead 11.5% during the study period, well above the national average of 3.8%. Alberta was second amongst the provinces showing [...]
Doug Elliot, publisher of the Sask Trends Monitor newsletter is warning that consumer spending has “gone into some kind of bubble that’s going to burst.” In a Star Phoenix story titled, “Sask. Consumer spending expected to peak soon” Elliot warns that the big spending spree has to end sometime. He sees that “sometime” looming, perhaps [...]
The Saskatoon real estate market continued to plug along showing little real change over the previous week. New listings of Saskatoon homes outpaced sales by a fairly large margin and the week closed with 610 active residential listings on the Saskatoon MLS®.
Here are a few of the highlights.
The percentage of homes selling above [...]
If learning that Saskatoon will be the economic growth leader in Canada this year wasn’t enough for you, check out this report written by Bank of Nova Scotia economist Adrienne Warren which sees Edmonton and Saskatoon homes as the most “overvalued” in Canada.
Warren’s report indicates that Canadian house prices have “deviated from historical averages” [...]
The Conference Board of Canada announced today that Saskatoon will replace Calgary as Canada’s economic growth leader in 2007. Calgary has topped the list of Canadian municipalities for the last two years.
The Conference Board’s website provides this single highlight from their “Saskatoon: Metropolitan Outlook” report which sells for $725. “This year’s real GDP [...]
Note: The graphics in this post were updated on September 13, 2008 to reflect the final sale numbers as reported by agents for August, 2007. The graphics show the final figures while the commentary reflects the statistics as they had been reported as of the date of the original post.
The average selling price of a [...]
RBC’s most recent housing affordability survey was released yesterday and it should come as no surprise that Saskatoon and Saskatchewan once again received special attention showing some of the sharpest erosion of affordability when compared to other markets across Canada.
A quick look at the “mortgage carrying costs by city” charts appears to indicate that [...]
The Saskatoon real estate market took its biggest leap towards “balance” this week as new listings of houses, condos and duplexes outnumbered sales by nearly two to one. A total of 126 new listings came on the market while just 66 homes found new owners. This week’s numbers brought more changes than I can recall [...]
One bee-lee-yun dollars!
The Saskatoon Region Association of REALTORS® announced today that Saskatoon real estate agents have reported sales in excess of one billion dollars so far in 2007. The figure includes transactions in all real estate categories and a full $754,735,000 can be directly attributed to residential activity. It is particularly remarkable [...]
