I could see that might be the case in a market like this one where property is moving a little slower but over the years I can’t say that I’ve really noticed that. The average selling time hasn’t gone much over 30 days for most of the past 10 years. Selling a “starter” has never really taken much time.

Interested in getting a place at the river landing, but their site isn’t much help with re to prices/ contact details etc.

please help!

Just wondering if you’ve ever noticed a ‘move-up effect’ in terms of when certain types of housing tends to sell? Do the larger homes tend to sell better a little later in the spring vs. starter homes?

Just curious, because my sister and her fiance each wanted to put their starter homes up for sale with the spring market, so they listed them last week (touch-ups took a little longer than they’d planned). Only when one of the houses has a ’sold’ sign will they be making offers on a larger home to share. It makes me think that a lot of people probably want to sell in spring, and won’t look at buying the bigger/better place until they have an accepted offer in hand.

Ah, there’s nothing more fun than a real estate ad without a price. Apparently, the price is not important to some people.

I also see that there isn’t any contact information on the River Landing Village website, which is otherwise beautiful.

Here’s the contact page from the developer’s website which includes some phone numbers and email addresses. These properties are not listed but whoever answers on that end should be able to direct you appropriately.

http://www.lpdi.ca/contact-lake-placid/

Best wishes.

10.

Thanks for clarifying. I think your concern is perfectly legit, though personally, I probably wouldn’t have as big a concern moving from $350 to $500 as entering the market above $500 as a newcomer to the Saskatoon market. If the $500+ market falls through the floor, everything beneath it will be affected, perhaps not to the same degree, but affected. In other words, a $500 home can’t drop to $400 without having a pretty big impact on the value of the $350 home. No doubt, if you make the move you increase your overall exposure by having more invested in real estate.

Norm

In my non real estate expert mind a higher end house is anything over $400,000. What I am worried about is selling our house (in the $350,000 range) and moving up to say a $500,000 house only to see that part of the housing market suffer a larger decline then the market we are in. Perhaps the fear is unwarranted.

“The rest of the province” covers a lot of ground and I would think that it’s normal for the more major centres in each province to be considerably higher that the smaller cities, towns, villages, etc.

The Regina thing is a mystery to me as Saskatoon has been higher for as long as I can remember. Seems odd given that the average income is actually higher in Regina. The gap does seem to be closing some. Just last April there was a $50,000 difference between the two cities. Month to date, we are a mere $10,000 apart. A colleague of mine who is responsible for the Royal LePage House Price Survey numbers for Regina has close ties to Saskatoon and says that a house of similar quality and location is very close in price between the two cities.

During the down turn, Regina and its government jobs sure seem a nice alternative to Saskatoon’s massive potash layoffs!

I can’t believe Saskatoon house prices remain so high, with so much supply, a weakening local economy and cheaper alternatives elsewhere. Do I dare take the plunge and move to Regina?

You’re not far off on price but Saskatoon did just under one third (352) of all provincial transactions (1138) in April. The average selling price for a Saskatchewan home was $212,006 without Saskatoon’s numbers included. Regina accounted for slightly fewer sales at 303 with an average of $252,826.

483 of 1138 Saskatchewan real estate sales in the month of April were outside of Saskatoon and Regina. They fetched an average of $186,398.

Saskatoon could represent half of total sales in the province, so $200,000 elsewhere, or $275,000 in Saskatoon? that’s a big difference

Might even cause a wave of ex-Ontarians to move back home to Ontario, cashing in on super expensive Saskatoon real estate, like when ex-pats used to come back to Saskatchewan from Alberta. Back when Saskatchewan used to be cheaper.

Ontario is the other province with wages higher than Saskatchewan, add to Alberta, and a lot of people making more than here

BC is about even, just less

“Are you actually suggesting…”

Not sure what I was getting at. We were celebrating something last night and I had about five stiff whiskeys before I decided to go blogging. You should have seen the farewell that I wrote for “Leaving.” Thankfully I was sobering up before I posted it.

Actually, average incomes are higher in Alberta and Ontario. Together, they drive the average Canadian income about $17 a week higher than Saskatchewan’s. Of course, concluding that house prices are fair in Saskatchewan based on this would be a bit of a stretch, but clearly affordability is a concern in most parts of the country.

Are you actually suggesting – in indicating that two provinces have higher average incomes than Saskatchewan (Alberta and BC is presume?)- that the Saskatchewan average income is now higher than the Canadian average income while housing prices remain lower than the Canadian average?

Just joking…

In case we haven’t noticed our tax rates are lower than the Canadian average in both income and sales tax.

Given the current prices of oil, potash, uranium, natural gas, and food, as well as prospects for future higher prices, we do not have the average economic provincial profile. For the sake of conversation I would ask the bloggers: if you were Brad Wall who among the other premiers would you wish to trade places with this year to present a provincial budget?

Those #’s are for initial and renewal claims received. For Saskatchewan, EI “beneficiaries” receiving regular benefits are up 11.8% MOM and 44.3 YOY for March.

Take a look at the numbers for BC and AB and those might not look so bad, though:

AB : claimants up 32.1% MOM and 162.5 YOY

BC: claimants up 26.7% MOM and 113.9 YOY

http://tinyurl.com/pcj4sc

This is also the first time in quite awhile I can remember seeing EI beneficiary #’s up for every province and territory YOY.

http://news.sympatico.msn.ctv.ca/abc/home/contentposting.aspx?isfa=1&feedname=CTV-TOPSTORIES_V3&showbyline=True&date=true&newsitemid=CTVNews%2f20090526%2fEI_report_090526

Probably a lot of tradespeople, and potash workers. This doesn’t exactly fit the mould of “strong economy”.