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 [...]
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 [...]
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 [...]
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 [...]
Statistics Canada released its Gross Domestic Product numbers yesterday which show that the Saskatchewan economy underperformed on expectations and forecasts of RBC Economics, CMHC, and the Conference Board of Canada, all of which estimated higher growth of between 4% and 4.8% for Saskatchewan in 2007.
According to the report, Saskatchewan’s economy grew by 2.8% through [...]
There’s a bit of a debate occurring on another post about whether or not Saskatchewan needs to implement rent control legislation.
Few would disagree that this market is extremely tough for renters and it would be difficult to make a case that Saskatoon renters don’t need some help right now. Is rent control the right [...]
Statistics Canada’s latest income report contains some good news for the province. Saskatchewan led the country for overall income growth seeing average weekly earnings increase by 5.4%, compared to the 3.1% growth experienced nationally. Average weekly earnings in the province rose to $742.62 in December of 2007, from $704.79 in December of 2006. Saskatchewan also [...]
Canada’s real estate market posted significant gains in the fourth quarter of 2007 and showed little sign of the traditional seasonal slowdown. Average house prices continued to increase in the fourth quarter with many markets experiencing double-digit gains, according to a House Price Survey report released today by Royal LePage Real Estate Services.
The fourth [...]
According to a new report by Statistics Canada, Saskatchewan experienced the largest increase in retail sales when compared to all other Canadian provinces between July 2006 and July 2007. Retail sales in Saskatchewan surged ahead 11.5% during the study period, well above the national average of 3.8%. Alberta was second amongst the provinces showing [...]
RBC’s most recent housing affordability survey was released yesterday and it should come as no surprise that Saskatoon and Saskatchewan once again received special attention showing some of the sharpest erosion of affordability when compared to other markets across Canada.
A quick look at the “mortgage carrying costs by city” charts appears to indicate that [...]
Canada Mortgage and Housing Corporation released its third quarter Housing Market Outlook this morning which is predicting solid growth for Saskatchewan through 2008.
“After the poorest report in Canada last year, economic growth in Saskatchewan will rebound significantly with a 4% gain in 2007 and a 3.3% expansion next year. This will place Saskatchewan among [...]
