Saskatoon Real Estate Resource Centre Blog

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 ...

The City of Cleveland is suing 21 mortgage lenders for damages that they claim to have incurred as a result of the U.S. sub-prime mortgage fallout. Cleveland Mayor Frank Jackson compares the resulting chaos to “organized crime activity on neighborhoods, cities and individual lives, sucking equity out” and says that city has been ...

“Marty Ummel feels she paid too much for her house. So do millions of other people who bought at the peak of the housing boom. “What makes Ms. Ummel different is that she is suing her agent, saying it was all his fault.” I came by this story from today’s New York Times by way of the 1000 Watt Blog, one of my ...

Anger was the dominant emotion at Monday’s city council meeting when the application by Viking Developments to convert Saskatoon’s Milroy Apartments to condos was approved. Current bylaws require conversion applications which affect more than 100 units be approved by council who have the discretion to deny them if vacancy rates in ...

Surely, there is a God!The Supreme Court of Canada today reinstated Jack Grover’s obstruction of justice conviction, ruling that the Saskatchewan Court of Appeals was wrong to overturn the guilty verdict.  Grover was charged following a deadly fire in one of his properties which left two children dead and an adult man suffering ...

A Winnipeg property owner decided to visit a tenant in his revenue home to find out why they hadn’t been paying the rent. When he arrived on the scene, he discovered a parking lot where his house was supposed to be. It seems that the owner was approached by a man in May of 2006 who was interested in purchasing the property so that it ...

I came across an interesting “Letter to the Editor” in yesterday’s Star Phoenix which I wanted to touch on.  The letter was submitted by Maureen Shebelski, a Saskatoon resident and mother.  Maureen’s decrial of the current state of the Saskatoon real estate market is a testimonial to her social conscience and ...

This is not exactly important real estate news but I couldn’t resist writing a small snip about this story. It seems that the popular A&E reality program, “Flip This House” has run a number of episodes which amount to nothing more than a sham. Featuring self proclaimed “real estate developer” Sam Leccima, ...

If you’ve visited my blog before, chances are you’ve caught on to the fact that I’m very concerned about a practice which is occurring regularly which I believe is deceptive and hurtful to both buyers and sellers.  It goes like this; the agent lists the seller’s property and promises to give the home full exposure to ...

Sharon, a real estate investor from Calgary, Alberta occasionally visits my blog.  If I recall correctly, she contacted me after she read one of my little rants about poor quality images in real estate listings.  From time to time, she forwards copies of listed properties which strike her as ridiculous in some way.  She has no ...