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Archives for July, 2008

216

Saskatoon real estate: Week in review (July 21-25 2008)

It was just a slight push that produced a net gain of seven active residential real estate listings on the Saskatoon multiple listing service but it was enough to push the total inventory past the 1,500 mark for the first time. At the end of the week there are 1,506 residential properties displaying the “active” [...]

121

Saskatoon population drops by 2000 since January 2007?

Saskatoon’s population has seen a decrease of 2,000 people since January 2007 according to an estimate just released by a Toronto analytics firm. Generation 5 provides population estimates for the City of Saskatoon between census periods.

According to the Star Phoenix, “The firm uses census figures as a starting point, adjusted by databases of consumer [...]

133

Saskatoon real estate: Week in review (July 14-18 2008)

Total active residential listings on the Saskatoon real estate market fell just short of breaking the 1,500 mark and settled at 1,499 by the end of the week, a net gain of 38 units when compared to the previous week’s end. A total of 175 properties hit the new listings board, including 35 that were [...]

4

A closer look at the Saskatoon real estate statistics for June 2008

On July 4, the Saskatoon Region Association of Realtors released their monthly statistics for the Saskatoon real estate market. Those statistics provide an overview of activity for all property types in the “residential” category. This “closer look” is intended to provide an overview of activity for single-family homes (houses) and condominiums that were sold in [...]

110

Canadian house prices see first quarterly drop in nine years: CREA

Media release from the Canadian Real Estate Association yesterday.
“Over the past six months, easing sales activity and a surge in new listings caused the resale housing market to become considerably more balanced in many major housing markets. Vancouver, Regina, and Saskatoon were the most balanced major markets in June.”
Read CREA’s release here.
I’m always happy to [...]

69

U.S. Federal Reserve to tighten lending rules

CNN: The Federal Reserve is expected to overhaul lending rules on Monday in an effort to prevent another mortgage crisis.
Good idea Ben! It would be foolhardy to encourage a second mortgage crisis while you’re busy dealing with the first one.
I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is [...]

27

Saskatoon real estate: Week in review (July 7-11 2008)

Total active residential listings on the Saskatoon real estate market saw a net gain of 28 units this week, increasing to 1,461 from 1,433 last week. A total of 194 properties were listed for sale, including 51 that made a repeat entry into the system (cancelled and relisted). Today, there are 943 single-family homes and [...]

100

Canadian government says, “No more 40-year mortgage for you!”

In a move aimed at “protecting and strengthening the Canadian housing market,” the Government of Canada today announced pending adjustments to the policies of Canada Mortgage and Housing Corporation’s (CMHC) mortgage insurance programs.

At the top of the do not approve list is the 40-year mortgage. Effective October 15 of this year, CMHC, Canada’s [...]

24

Crickey’s graph of Saskatoon real estate sales and active listings

Crickey recently prepared this graph charting active listings and unit sales in the residential category dating back to the beginning of 2007. The red line represents the total number of active residential listings at the close of each month, while the blue line represents total residential unit sales for each month (All residential units, areas [...]

112

Saskatoon real estate: Week in review (June 30–July 4 2008)

New Saskatoon real estate listings dropped again for the second week in row, by just enough to prevent inventories from climbing for the 20th consecutive week. There are currently 1,433 residential listings showing an active status, down just slightly from 1,440 last week. This is the first week during which inventory has declined since the [...]

16

Listings up, sales volume down, average price of Saskatoon homes rises: SRAR

This release regarding Saskatoon real estate activity for the month of June was just released by the Saskatoon Region Association of REALTORS® (SRAR).

Home buyers enjoyed an increased level of inventory to select from in the month of June. Saskatoon REALTORS® listed 905 residential homes during the month of June that number up 49% from [...]