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Remax Press Release – Kelowna, BC (April 22, 2008) “While higher housing values and tight inventory levels have hampered home-buying activity so far this year, longer amortization periods and alternative housing types have offset the impact
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There’s a bit of a debate occurring on another post about whether or not Saskatchewan needs to implement rent control legislation. Few would disagree that this market is extremely tough for renters and it would be difficult to make a case that Saskatoon
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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
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“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
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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
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The cost of building a new home in Canada increased 6.2%, year over year, according to the New House Price Index Report released today by Statistics Canada . “Regionally, prices again rose at the fastest pace in Saskatoon, which led the nation with
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The City of Cleveland is suing 21 mortgage lenders for damages that they claim to have incurred as a result of the U.S. sub-prime mortgage fallout. Cleveland Mayor Frank Jackson compares the resulting chaos to “ organized crime activity on neighborhoods,
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Attention Bears! You may want to sit down for this. Canada Mortgage and Housing Corporation (CMHC) released its first quarter Housing Market Outlook today, and Saskatchewan is featured in the “Provincial Spotlight.” “During 2007, the
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When real estate prices see rapid and substantial change , it’s easy to lose sight of what that really means in terms of affordability. I thought it might be interesting to look back a few short years to show you how very different the Saskatoon
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Saskatoon homes have taken a serious slide in affordability over the past year, landing us in the “Moderately Unaffordable” category according to the Demographia International Housing Affordability Survey: 2008 . The survey, prepared by Pavletich
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Housing affordability is expected to improve in most Canadian provinces in 2008, but Saskatchewan is not among them according to the most recent Housing Affordability study just released by RBC Economics. Following a year of record deterioration in housing
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In their latest Provincial Outlook , RBC has downgraded projections for economic growth in Saskatchewan over 2008 and 2009, but still expects the provincial economy to perform better than all other provinces, except Alberta. In spite of this short-term
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A TD Economics “Housing Market Commentary” released yesterday describes Saskatchewan’s real estate market as “on fire” and forecasts the province as the home price growth leader across the nation for 2007 and 2008. TD is
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October 9 th to 12 th is Affordable Housing Week in Saskatoon. Presented by the Saskatoon Housing Initiatives Partnership, Affordable Housing Week presents a variety of events in support of “attractive, affordable, innovative, sustainable and green
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In a recently released report from RBC Economics , economist Amy Goldbloom makes a pretty compelling case that real estate is “overvalued” in western Canada and “out of whack with the underlying fundamentals.” Goldbloom takes “a
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