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March 2008 - Posts

Saskatoon real estate: Week in review (March 24-29)
Residential listing activity picked up the pace this week with a total of 164 single family homes (houses) and condominiums being offered for sale on the Saskatoon MLS. Total active listings in the residential category finished the week at 470 units including Read More...
Every Real Estate Bubble in History Has Burst: Garth Turner
Excerpt from a Globe and Mail story on Garth Turner and his latest book, Greater Fool . Garth Turner has some unsettling news for Canadians who've tied their financial future to their homes – every real estate bubble in history has burst, and Read More...
Saskatoon Milroy Apartments Tenants Offered First Crack at Converted Units
Tenants of the Saskatoon Milroy Apartments received offers to purchase their units from the developer yesterday. Two of them kindly dropped me a note and I thought you might be interested in the details. A tenant living on the 12 th floor writes, “ Read More...
1 1/2 Story For Sale in Buena Vista
1 ,450 sq. ft., 2 bath, 4 bdrm 1 1/2 story - MLS® $339,900 Buena Vista, Saskatoon - Welcome to 514 5th Street East in Buena Vista, Saskatoon. From this outstanding location you’ll have easy access to downtown Saskatoon, various shopping opportunities Read More...
Saskatoon real estate: Week in review (March 17-20)
New listing activity cooled significantly in the Saskatoon real estate market this week with just 116 properties being offered for sale, down from 156 last week . Still, active listings on the Saskatoon MLS managed to creep up slightly to 423 units including Read More...
Saskatoon Milroy Apartment Tenants Lose Court Challenge to Halt Condo Conversion
Tenants of Saskatoon’s Milroy Apartments learned Thursday of their lost court challenge aimed at stopping the condo conversion project at their building, which was approved by Saskatoon city council on January 14, 2008. “The decision was that Read More...
MLS Home Sales Slow Nationally in February:CREA
Residential real estate sales softened nationally in February, edging down 6.4% from January, and 9.6% compared to February 2007 according to the Canadian Real Estate Association (CREA). “Snowfall in Toronto made it tough to show prospective buyers, Read More...
A closer look at the Saskatoon real estate statistics for February, 2008
The average selling price of a Saskatoon home (condos and single-family detached homes combined) for the month of February came in at $266,573, up from $252,763 in January and sharply higher than the average of $188,028 recorded in February of 2007 . Read More...
Saskatoon real estate: Week in review (March 10-14)
It was another big week for new Saskatoon real estate listings with 156 residential properties being offered up for sale, the highest number for any week this year. Total active listings settled at 411 units including 251 houses (up from 201 last week Read More...
Housing Affordability Slides Further in Saskatchewan: RBC
“Saskatchewan is the new Alberta…,” according to RBC’s quarterly Housing Affordability report released yesterday. The catchy subtitle goes on to ask the question, “but for how long?” “Saskatchewan now holds the Read More...
Saskatoon Milroy Tenants Have Their Day in Court
Tenants of Saskatoon’s Milroy Apartments asked Justice Mona Dovell to overturn the City of Saskatoon’s decision to approve an application to convert the apartments to condos on Tuesday. Andrew Mason, the lawyer representing the group of tenants Read More...
Saskatoon real estate: Week in review (March 3-7)
Before I get started here, let me just mention that the Saskatoon Region Association of REALTORS® launched a new MLS® system on Tuesday of last week. While it wasn’t without its glitches the roll out was pretty smooth. One of the hiccups Read More...
Saskatoon Condo Conversion Debate About to Get Hotter
You’ve got to know that Saskatoon community services manager, Paul Gauthier is having some long days at work. He’s one of the civic officials responsible for processing condominium conversion applications. That can’t be a real funfest Read More...
Record Setting Month for Saskatoon Real Estate Market
This release came out today from Saskatoon Region Association of Realtors, Executive Officer, Harry Janzen. Record Setting Month for Saskatoon Real Estate Saskatoon REALTORS® assisted 367 home buyers fulfill their dream of home ownership. That number Read More...
A different twist in the Saskatoon condo conversion saga
In spite of the fact that approval has been obtained and the Kelsey Apartments have been separately titled, the building’s owner, Victory Majors Investment Co. has decided to abandon its plans to sell the units off. Kay Nasser, founder of the company Read More...
Medicine Hat home builder says he wants to help
Murray Prokosh, owner of CCL Classic Communities , a home builder operating out of Medicine Hat Alberta believes that prosperity shouldn’t always be measured by the bottom line. Addressing a crowd of locals at a National Affordable Housing Conference Read More...
Saskatoon real estate: Week in review (February 25-29)
New Saskatoon real estate listings topped 100 for the fourth week in a row but brisk sales activity prevented inventories from making any significant gains. We finished the week with a total of 370 active residential listings including 204 houses (single-family Read More...