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surveys and studies

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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Housing affordability in Saskatoon shows modest year-over-year improvement

January 27, 2010

I can’t imagine that it would come as much of a surprise to anyone that the cost of home ownership in Saskatoon has skyrocketed in recent years. According to the recently released “6th Annual Demographia International Housing Affordability Survey” owning a Saskatoon home priced at the median in Q3/2009 would have cost about 4.4 times [...]

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Q4 house prices in Saskatoon show increases over last year: Royal LePage

January 7, 2010
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Saskatoon’s real estate markets saw solid improvements in the final quarter of 2009 across housing types, according to the latest Royal LePage Market Survey Forecast and House Price Survey.
In Saskatoon, standard condominiums sold for an average of $197,500, up 5.9 per cent from the same period last year. Detached bungalows sold for an average of [...]

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Saskatoon real estate still indicative of a buyer’s market: CMHC

November 3, 2009
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The Canada Mortgage and Housing Corporation’s (CMHC) Fall Housing Market Outlook for the Saskatoon area is calling for a 2.7 percent price reduction in the average resale price of a Saskatoon home in 2009, followed by a more marginal gain of 2.1 percent in 2010.
“With sales on the rise and listings trending down, the sales-to-active [...]

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Saskatoon house prices stabilize but down 5% year-over-year: Royal LePage

October 8, 2009
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Saskatoon, SK, October 8, 2009 – The Royal LePage House Price Survey released today showed the average year-over-year price of homes in Saskatoon is down five per cent over last year. However, a more balanced market has put an end to 13 months of consecutive price declines.
“Since bottoming out in April 2009, prices have stabilized,” [...]

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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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Men, women, and how gender impacts the home buying process

August 17, 2009

From Coldwell Banker’s media release – August 17 2009 – It often seems as though men and women are from different planets, but every day millions of couples navigate through day-to-day and even life-altering decisions. Because a home is the biggest purchase most people will make in their lifetime, Coldwell Banker Real Estate LLC surveyed [...]

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Canadian homes sell at record pace through July 2009

August 14, 2009

The Canadian Real Estate Association (CREA) is claiming a Canadian home sales record has been broken as real estate boards across the country reported more than 50,000 home sales for the first time during any July on record.
According to statistics released by The Canadian Real Estate Association (CREA), a total of 50,270 homes traded hands [...]

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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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Saskatoon new and resale house prices to slide in 2009, rebound in 2010: CMHC

May 28, 2009
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The Canada Mortgage and Housing Corporation (CMHC) released their Spring Housing Market Outlook for the Saskatoon CMA today. Here’s the gist of it.
After the strongest two-year performance since the late 1970’s, Saskatoon single-detached housing starts will decline to 600 units in 2009 and bounce back to 725 units in 2010. The 2009 singles forecast represents [...]

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