Saskatoon Real Estate Resource Centre Blog

Saskatoon’s population has seen a decrease of 2,000 people since January 2007 according to an estimate just released by a Toronto analytics firm. Generation 5 provides population estimates for the City of Saskatoon between census periods. According to the Star Phoenix, “The firm uses census figures as a starting point, adjusted by ...

CNN: The Federal Reserve is expected to overhaul lending rules on Monday in an effort to prevent another mortgage crisis. Good idea Ben! It would be foolhardy to encourage a second mortgage crisis while you’re busy dealing with the first one. I’m always happy to answer your Saskatoon real estate questions.  Feel free to drop me ...

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 ...

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 ...

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, ...

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 ...

This from today’s Globe and Mail. It's time for Canadians to bid the housing boom farewell as data for the first quarter of the year, released Thursday by the Canadian Real Estate Association (CREA), showed a 13 per cent tumble in existing home sales year-to-date. “Canada's six-year housing market boom is officially over. ...

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 ...

Excerpt from a Globe and Mail story on Garth Turner and his latest book, Greater Fool. Garth Turner has some unsettling news for Canadians who've tied their financial future to their homes – every real estate bubble in history has burst, and there's no reason to think it will be different this time.Mr. Turner's new book, Greater ...