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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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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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Saskatoon real estate sales slid slightly again this week while new residential listings took a pretty substantial jump. As a result, total active listings were up close to 10% over the previous week with a total of 377 properties displaying a for sale
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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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The inventory of Saskatoon real estate listings slipped slightly this week to 347 houses and condos, down just a bit from 356 units the week before . Available stock of single-family homes actually increased by 10 properties to 169, and condo inventory
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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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This release came out today from Saskatoon Region Association of Realtors, Executive Officer, Harry Janzen. 2008 Housing Market Off to a Red Hot Start No slow down in sight for Saskatoon’s real estate market. REALTORS® took a short break at
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Selected a neighbourhood that you think you’ll be comfortable in isn’t easy, particularly if you’re trying to do it from half way across the country and you’re more or less unfamiliar with Saskatoon. I’d like to introduce
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Typical seasonal listing activity, combined with an unseasonably strong week of residential sales caused active Saskatoon real estate listings to slide again closing the week at 356 units including 159 single family homes and 157 condominiums. A total
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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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Active Saskatoon real estate listings held steady this week showing a total of 393 units including 169 single family homes and 178 condominiums across all Saskatoon neighbourhoods and all price ranges. New listings dropped to 73 homes, from 85 last week
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Anger was the dominant emotion at Monday’s city council meeting when the application by Viking Developments to convert Saskatoon’s Milroy Apartments to condos was approved. Current bylaws require conversion applications which affect more than
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The inventory of Saskatoon real estate listings saw some growth this week climbing to 393 residential units including 177 houses and 172 condominiums. Lackluster sales, combined with the strongest listings we’ve seen since the week of November 19-23
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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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