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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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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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Canada’s real estate markets remain on stable footing according to a Royal LePage House Price Survey released this week. “With the notable exception of a handful of small western cities, the country has returned to an environment characterized
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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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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,
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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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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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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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Canada’s real estate market posted significant gains in the fourth quarter of 2007 and showed little sign of the traditional seasonal slowdown. Average house prices continued to increase in the fourth quarter with many markets experiencing double-digit
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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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