Housing starts across Canada continued to weaken through the month of February falling 59% nationally and 69% in Saskatchewan, according to “Preliminary Housing Start Data” released by Canada Mortgage and Housing Corporation today. Only British Columbia and Prince Edward Island showed larger drops as both provinces saw starts decline 76% in February compared to the [...]
You might call it hype. You might call it a “glimmer of hope” in a pretty tough time. I’d call it a home run for Saskatchewan Premier Brad Wall who managed to pique the interest of CNN.com journalist Mallory Simon with a little “good news” about an economy that has at least some hope of [...]
Canada Mortgage and Housing Corporation (CMHC) released their fall outlook for the Saskatoon real estate market today, predicting a decline in unit sales and an increase in house prices through 2009.
“Saskatoon resales will decline almost 20 per cent by the end of 2008 with a further 11 per cent reduction occurring in 2009. Notwithstanding 2008’s [...]
Amidst a backdrop of crumbling credit markets and stock indices desperately looking for the bottom, the U.S. resale housing market showed some promising signs in September as existing home sales rose 5.4% over August and posted their first year-over-year gain in three long years. Nationwide, home sales rose 1.4% in September over the previous year.
The [...]
In a move intended to “make loans more available and more affordable for Canadians and businesses,” Finance Minister Jim Flaherty announced today that the Canadian government would purchase $25 billion dollars worth of mortgages already insured by Canada Mortgage and Housing Corporation.
Flahrety insists that not a single Canadian bank is at risk of failing but [...]
SASKATCHEWAN, October 6, 2008 – The red-hot house prices and wild activity of Saskatchewan’s recently explosive real estate market have both tempered during the third quarter. The combination of rising inventory levels and a decrease in buyer demand in both Saskatoon and Regina have positioned the real estate markets in both cities in the buyers’ [...]
Me: “A really good guy.”
Real estate blogs: “A bit of a mistake.”
You: “Loons…lefties…Saskatchewhiners…idiots.”
Audio clip from John Gormley Live – 09/16/08
Think about it. I am. ☺
I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.
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Norm Fisher
Royal [...]
In a report titled, “Peaked: Canada’s housing market in depth,” economist David Wolf of investment-banker Merrill Lynch says that “Canada’s housing market is entering a sustained downturn amid excess supply and as higher prices deter new buyers.”
According to a story in today’s Globe and Mail, Mr. Wolf is most concerned about Saskatchewan, where the [...]
Saskatoon’s population has seen a decrease of 2,000 people since January 2007 according to an estimate just released by a Toronto analytics firm. Generation 5 provides population estimates for the City of Saskatoon between census periods.
According to the Star Phoenix, “The firm uses census figures as a starting point, adjusted by databases of consumer [...]
CNN: The Federal Reserve is expected to overhaul lending rules on Monday in an effort to prevent another mortgage crisis.
Good idea Ben! It would be foolhardy to encourage a second mortgage crisis while you’re busy dealing with the first one.
I’m always happy to answer your Saskatoon real estate questions. All of my contact info is [...]
In a move aimed at “protecting and strengthening the Canadian housing market,” the Government of Canada today announced pending adjustments to the policies of Canada Mortgage and Housing Corporation’s (CMHC) mortgage insurance programs.
At the top of the do not approve list is the 40-year mortgage. Effective October 15 of this year, CMHC, Canada’s [...]
