Posts tagged as:

real estate

Pending changes to Canadian mortgage rules may bite hard

March 6, 2010

On February 16, Finance Minister Jim Flaherty announced new rules that affect mortgage lenders and borrowers starting on April 19 of this year.
One of the changes requires that buyers qualify for their high-ratio mortgage based on the “five-year fixed rate” even if their mortgage payments are actually calculated on an available lower rate. In other [...]

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Saskatoon real estate week in review: March 1-5 2010

March 6, 2010

Firm sales of Saskatoon homes continued to follow last year’s trend line through the first week of March as real estate agents reported a total of fifty-three house and condo sales to the local MLS system to bring a gain of five units compared to the previous week and finishing up by four homes compared [...]

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A closer look at the Saskatoon real estate statistics for February 2010

March 5, 2010

The Saskatoon Region Association of Realtors recently reported February 2010 results for the entire residential category of Saskatoon real estate that includes single-family homes, condominiums, semi-detached properties, duplexes, mobile homes and vacant lots. Unit sales totaled 236 properties across all of these property types, at an average selling price of $291,056. Let’s have a look [...]

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Saskatchewan conditions characteristic of balanced market: CMHC

March 2, 2010
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The Canada Mortgage and Housing Corporation (CMHC) released it Canadian Housing Market Outlook for 2010 today predicting residential resale activity across Canada will grow by just less than five percent to 486,700 while new housing starts rise by roughly as much to 175,150. According to CMHC the average price of a resale home in Canada [...]

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Saskatoon homes sales brisk in February 2010: SRAR

March 2, 2010
Thumbnail image for Saskatoon homes sales brisk in February 2010: SRAR

The Saskatoon Region Association of REALTORS® (SRAR) released the residential real estate statistics for February 2010 today, accompanied by this release.
Warmer weather, and possibly the Olympic spirit brought numerous home buyers out in the month of February. 236 homes were purchased in February, up 12% from February 2009 when 210 homes changed hands.

The average selling [...]

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Saskatoon real estate week in review: February 22-26 2010

February 27, 2010

Firmly completed Saskatoon real estate sales took a small downturn compared to last week, slipping three to forty-eight house and condo sales, just one unit ahead of the same week last year.
New listings of Saskatoon homes remained stable on a week-over-week basis coming in at ninety-seven properties, twenty-one fewer than were offered for sale during [...]

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Saskatoon real estate market on its way to full recovery: Remax

February 24, 2010

Remax released it’s 2010 Market Trends Report today stating that “healthy levels” of inventory and demand that is gaining momentum are moving the Saskatoon real estate market towards a “full recovery.”
Other tidbits from the Saskatoon section of the report include the following:

While sales are still off of last year’s numbers average prices continue to edge [...]

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Saskatoon real estate week in review: February 15-19 2010

February 20, 2010

Saskatoon real estate sales cooled off this week as just fifty-one house and condo sales were reported to the local MLS, a drop of thirteen units compared to the previous week, but ahead of sales for the same week last year when just forty-five homes changed hands. Reports of multiple offers continued, especially in the [...]

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New Canadian mortgage rules effective April 19 2010

February 16, 2010

Insisting that Canada is not facing a housing bubble, Finance Minister Jim Flaherty announced a tightening on mortgage lending rules, which he says will “help prevent negative trends from developing.”
Effective April 19, 2010 the following changes will take effect.
Home buyers must qualify for their mortgage using the five-year fixed mortgage rate, regardless of the term [...]

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Mortgage lending requirements in Canadian banks about to get tougher

February 16, 2010

Canada’s Finance Minister, Jim Flaherty will announce this morning a change in lending rules that will further limit the amount of cash buyers can borrow to finance a home according to a report on Globe and Mail.
Stimulus cash, and historically low interest rates have created an enticing environment for Canadian home buyers who have flooded [...]

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Microsoft’s Bing moves mapping beyond simple directions and street views

February 14, 2010

One of the most exciting on-going developments in technology has to be mapping. Today, maps are moving to new levels that go far beyond simple directions and street views. Data that is location specific and appropriately tagged with geo-coordinates is flowing onto the web at a rapid pace finding its way onto maps, and changing [...]

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