Saskatoon Real Estate Resource Centre Blog

CNN Money is reporting today that the U.S. home foreclosure rate “spiked 112%” in early 2008, and the worst of it likely isn’t over, as some $362 billion dollars worth of adjustable rate mortgages will “reset” this year. More than 155,000 families have already lost their homes this year. Approximately 1 in 194 U.S. ...

Saskatoon ranks 17th out of 154 Canadian communities that are rated in the third annual Canadian Business, “Canada’s Best Places to Live” list. This particular report weighs a number of factors including house prices, incomes, crime rates, employment, weather and lifestyle. View the results here. I’m always happy to ...

Saskatoon city council will consider recommendations being brought forward by its Administration for a “New Rental Construction Land-Cost Rebate Program” at the next council meeting on Monday April 7, 2008. This forwarded to me by a reader from the “Council Agenda in Brief.” “City Council will receive a ...

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 way to do ...

Tenants of Saskatoon’s Milroy Apartments learned Thursday of their lost court challenge aimed at stopping the condo conversion project at their building, which was approved by Saskatoon city council on January 14, 2008.  “The decision was that the court is not interfering with city council’s decision. The application to set ...

Tenants of Saskatoon’s Milroy Apartments asked Justice Mona Dovell to overturn the City of Saskatoon’s decision to approve an application to convert the apartments to condos on Tuesday.Andrew Mason, the lawyer representing the group of tenants who are opposing the decision argued that city council either misinterpreted the provincial ...

You’ve got to know that Saskatoon community services manager, Paul Gauthier is having some long days at work. He’s one of the civic officials responsible for processing condominium conversion applications. That can’t be a real funfest right now. In fact, approving condo conversion applications has become so controversial that ...

Murray Prokosh, owner of CCL Classic Communities, a home builder operating out of Medicine Hat Alberta believes that prosperity shouldn’t always be measured by the bottom line. Addressing a crowd of locals at a National Affordable Housing Conference in Saskatoon this week, Prokosh promoted the ideas a quality build, at an affordable price, ...

When the City asked for developers to consider an exciting new “Urban Village” concept at River Landing, the call was answered by Michael Lobsinger, a former Saskatoon resident and now a successful real estate developer. On Wednesday, March 12, Mr. Michael E. Lobsinger, President CEO, Lake Placid Group, will speak to the ...

It seems that Saskatoon has one of the most generous condo conversion policies, if you’re a landlord that is. Saskatoon city administrators are working hard to bring about a policy change in the city of Saskatoon. They’ve recommended a number of changes that they say would protect tenants from being displaced at times when vacancy ...