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Archives for April, 2009

62

Saskatoon real estate: Week in review (April 20-24 2009)

New listing activity of houses and condos picked up this week as Saskatoon real estate agents listed one hundred and thirty-two homes including eighty-one single-family detached houses and fifty-one condominiums on the multiple listing service. That number represents a gain of eighteen units over the previous week but falls far short of the two hundred [...]

75

Saskatoon real estate: Week in review (April 13-17 2009)

It was one solid week in the Saskatoon real estate market as agents reported sales of ninety-one single-family detached houses and condos to the local MLS, and recorded the strongest number of unit sales since the week of June 9-13, not to mention the first year-over-year gain for unit sales in longer than I can [...]

4

Housing affordability trend turns on lower rates and higher incomes: RBC

Here are a few of the highlights from RBC’s recent Housing Trends and Affordability study released yesterday.
As we head into the all-important spring season, the ongoing cyclical correction will put the entire housing sector to the test. However, while the pain will likely persist for many homeowners and industry participants, there are encouraging signs on [...]

74

Saskatoon real estate: Week in review (April 6-9 2009)

Saskatoon real estate agents reported sixty-four firm sales of detached houses and condominiums to the Saskatoon MLS this week. While down by twenty-two units compared to the same week last year, sales were lower by just ten units compared to last week and were certainly above the average for recent weeks. Not too bad, considering [...]

29

Overpriced and Overbuilt: Canadian Housing Market Returns to Fundamentals: TD

Released yesterday by TD Economics, this report on Canadian housing.
Looking back on the boom in Canadian home building from 2002 to 2008, it is now clear that unsustainable price increases drove unsustainable levels of building. This overbuilding will weigh on markets over at least the next three years. Even as Canada recovers from the cyclical [...]

9

Saskatchewan home values down from a year ago even after modest first quarter gains: Royal LePage

With residential real estate inventory above benchmark levels, average home prices in Saskatchewan showed year-over-year declines of 5.5 per cent, but increased 2.2 per cent in the first quarter of 2009. According to Royal LePage’s quarterly House Price Survey, the year-over-year value of key housing types – detached bungalows, standard two-stories and condominiums – were [...]

33

A closer look at the Saskatoon real estate statistics for March 2009

The Saskatoon Region Association of Realtors recently reported March results for the entire residential category of Saskatoon real estate, which includes single-family homes, condominiums, semi-detached properties, duplexes, mobile homes and vacant lots. Unit sales totaled 283 properties across all of these property types, and an average sale price of $266,720. Let’s have a look at [...]

21

Saskatoon real estate: Week in review (March 30–April 3, 2009)

Saskatoon real estate agents added one hundred and forty homes to the MLS database this week including eighty-five single-family detached houses and fifty-five condominiums. New listing activity increased by twenty-seven units compared to the previous week, but total numbers continued to lag behind those seen last year when one hundred and eighty-five homes were offered [...]

35

Fundamentals appear to be in place for a stable Saskatoon real estate market: SRAR

The Saskatoon Region Association of Realtors (SRAR) released the residential real estate statistics for March 2009 today, along with the following media release. We’ve jazzed it up a bit with some graphs for unit sales, average prices and active listings.
First quarter residential unit sales maintained a similar pace to the last few months. Saskatoon REALTORS® [...]