It took some time for the Saskatoon Region Association of REALTORS to work the kinks out of a new MLS system, launched in late February, but some monthly numbers for the Saskatoon real estate market have finally been put together, along with the following media release.
Residential Housing Market Remains Steady in the Month of April
Saskatoon [...]
In the latest “Canadian City Trends” report, released last week by RBC Economics, economist Amy Goldbloom makes the case for a “cooling” but fairly stable Canadian real estate market. Following six years of double-digit gains, sales activity is starting to moderate and listings are growing in most major cities causing sellers to “lose some bargaining [...]
The latest Housing Market Outlook for the Saskatoon area, which was released by Canada Mortgage and Housing Corporation (CMHC) last week predicts that the Saskatoon will experience its “highest number of sales on record” during 2008 before sales begin to “moderate somewhat…due to rapidly escalating prices and weaker speculative demand.”
Based on February statistics, CMHC [...]
New listing activity softened some this week as 179 single-family homes and condominiums were offered up for sale on the Saskatoon real estate market, finishing under 200 for the first time in five weeks. A similar softening occurred in the sales column with just 69 residential properties changing hands including 61 houses and condos, the [...]
This past week produced the second highest number of new residential listings this year with a total of 244 properties offered up for sale including 162 single-family homes and 67 condos. Total active listings available on the Saskatoon real estate market now sits at 1,051 units, the highest level that I can recall in the [...]
The latest release of CMHC’s Housing Market Outlook forecasts declining resale activity and housing starts on a national level, but predicts Saskatchewan will buck the trend showing increases in both categories.
While existing home sales across Canada will experience an 8.5% decline, resale activity in Saskatchewan is expected to “facilitate a record number of transactions [...]
According to a recent Real Estate Trends report issued by Scotiabank, Canada’s housing market is “moving towards more balance, but there won’t be a bust like we’ve seen in the U.S. housing markets.” Yet, there’s little question that the heat has come off in a fairly significant way. Resale activity across Canada has “fallen for [...]
On April 30, I wrote a post titled, “Saskatchewan Economy Underperforms on Expectations,” following the release of StatsCan’s report on provincial economic performance, which showed Saskatchewan’s “real gross domestic product” at a disappointing 2.8% over 2007, well below the expectations of several Canadian economists. This post set off a fire storm of discussion with many [...]
Residential unit sales in Saskatoon fell again in April for the second consecutive month, losing 51 sales in the “home” category, and finishing the month at 390 units, compared to 441 in April 2007. The average selling price of a Saskatoon home (houses and condos only) continued to increase and finished the month at $306,033, [...]
This past week delivered more of the same to the Saskatoon real estate market as new residential listings continued to be offered up at a pace we haven’t seen in quite some time. In total, 265 new listings were entered to the Saskatoon MLS system including 193 single-family homes (houses) and 55 condos. The total [...]
Residential sales in the Saskatoon real estate market resumed a fairly modest pace this week with 92 single-family homes (houses) and condos reported sold to the Saskatoon MLS, down from 117 last week, even further off of the 123 that sold during the same week last year, but still well above the weekly average year [...]
