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Statistics Canada released its Gross Domestic Product numbers yesterday which show that the Saskatchewan economy underperformed on expectations and forecasts of RBC Economics , CMHC , and the Conference Board of Canada , all of which estimated higher
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CNN Money is reporting today that the U.S. home foreclosure rate “spiked 112%” in early 2008, and the worst of it likely isn’t over, as some $362 billion dollars worth of adjustable rate mortgages will “reset” this year.
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Saskatoon ranks 17th out of 154 Canadian communities that are rated in the third annual Canadian Business , “Canada’s Best Places to Live” list. This particular report weighs a number of factors including house prices, incomes, crime
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This from today’s Globe and Mail. It's time for Canadians to bid the housing boom farewell as data for the first quarter of the year, released Thursday by the Canadian Real Estate Association (CREA), showed a 13 per cent tumble in existing home
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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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When the City asked for developers to consider an exciting new “Urban Village” concept at River Landing , the call was answered by Michael Lobsinger, a former Saskatoon resident and now a successful real estate developer. On Wednesday, March
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Statistics Canada’ s latest income report contains some good news for the province. Saskatchewan led the country for overall income growth seeing average weekly earnings increase by 5.4%, compared to the 3.1% growth experienced nationally. Average
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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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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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Some have called him extreme, angry and bitter. Some have called him a good-hearted soul with a social conscience. MacLean’s , Canada’s national news magazine called him for an interview! He is Alexander Trauzzi, also known in this fine online
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According to a Statistics Canada population report released today, Saskatchewan has passed the one million mark for the first time since 2001. The province’s population was estimated to have reached 1,003,300 by October 1, 2007 an increase of 6,400
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The Rental Market Report released yesterday by Canada Housing and Mortgage Corporation (CMHC) shows apartment vacancy rates in Saskatoon falling to a record low of just .6%, down from 3.2% last October. Saskatoon “Southwest” showed the largest
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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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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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