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saskatchewan

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 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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How to become a real estate agent in Saskatoon, Saskatchewan

November 14, 2009
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Provincial legislation in Saskatchewan states that anyone wishing to represent members of the public in a real estate trade in Saskatchewan must be registered. The Saskatchewan Real Estate Commission (SREC), an independent, non-government agency, responsible for regulating the real estate industry in Saskatchewan, mandates qualifications for registration.
First of all, people wishing to become registered to [...]

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Saskatchewan shows considerable housing affordability improvement: RBC

September 9, 2009

RBC Economics just released their fall Housing Trends and Affordability study that shows house prices having returned to “pre-boom” levels nationally with Saskatchewan showing considerable affordability improvements, but remaining above long-term historical averages. At the same time, the graph on page eight of the report suggests that affordability improvements may level off as Saskatoon seems [...]

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Housing affordability returns to, or near, long-term averages in Canada: RBC

July 8, 2009

RBC Economics has just released their latest Housing Trends and Affordability report for the Canadian real estate market. Here are some excerpts that touch on affordability changes nationally, and in Saskatchewan.
Improved affordability lifts Canada’s housing markets
Housing affordability greatly improved in the first quarter of this year; RBC’s affordability measures for all housing types recorded some [...]

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Housing affordability trend turns on lower rates and higher incomes: RBC

April 25, 2009

Here are a few of the highlights from RBC’s recent Housing Trends and Affordability study released yesterday.
As we head into the all-important spring season, the ongoing cyclical correction will put the entire housing sector to the test. However, while the pain will likely persist for many homeowners and industry participants, there are encouraging signs on [...]

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Saskatchewan home values down from a year ago even after modest first quarter gains: Royal LePage

April 25, 2009
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With residential real estate inventory above benchmark levels, average home prices in Saskatchewan showed year-over-year declines of 5.5 per cent, but increased 2.2 per cent in the first quarter of 2009. According to Royal LePage’s quarterly House Price Survey, the year-over-year value of key housing types – detached bungalows, standard two-stories and condominiums – were [...]

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Saskatchewan’s economic success…a rare commodity: CNN

March 5, 2009

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 [...]

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Saskatchewan housing suffers hangover following last year’s party: RBC

December 9, 2008

RBC’s recently released “Housing Trends and Affordability” study suggests that housing affordability in the province saw some modest improvements over the third quarter but the Saskatchewan housing market is experiencing a “hangover” after a year of partying hard.
“Like Alberta and British Columbia before it, Saskatchewan is about to feel the downside of frenzied markets. Housing [...]

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Saskatchewan to lead nation for economic growth: RBC

June 14, 2008

Historically high commodity prices will push Saskatchewan to a leading growth position amongst Canadian provinces this year, according to RBC economist Paul Ferley.

Speaking to a group of RBC clients in Saskatoon on Friday, Ferley noted that a “wide range of commodities” are experiencing higher prices. He’s predicting that uranium, potash, wheat and oil production [...]

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The rest of the Saskatchewan economic growth story

May 17, 2008

On April 30, I wrote a post titled, “Saskatchewan Economy Underperforms on Expectations,” following the release of StatsCan’s report on provincial economic performance, which showed Saskatchewan’s “real gross domestic product” at a disappointing 2.8% over 2007, well below the expectations of several Canadian economists. This post set off a fire storm of discussion with many [...]

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