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The Trump effect on Canadian real estate It’s been over a week that the U.S has voted their 45th president as Donald J. Trump. With the results of the vote there has been a wide range of emotion and it’s clearer than ever that there is a strong divide throughout the country along with global uncertainty. While Trump has been outspoken about […]
Saskatoon real estate market update for October 2016 The October 2016 Saskatoon real estate market sales increased from 2015 where 408 houses for sale in Saskatoon sold. This year we saw 420 houses in Saskatoon selling for the month of October. The average home price in Saskatoon did see a slight decrease from last year with the average house price at $351,032 for […]
Saskatoon Real Estate News New mortgage rules to tighten The Government of Canada just unveiled new measures in an effort to crack down on risks within the housing market. Areas targeted include speculation by foreign investors and also making it harder for Canadians to get in over their heads with mortgage debt. Finance Minister Bill Morneau announced a series of changes including stress testing […]
Mortgage defaults are on the rise CMHC has recently released data that insured mortgages (home purchases with less than 20% down payment) have seen a greater incidence of mortgages in arrears in Alberta and Saskatchewan as of the end of June. In Alberta, the number of insured loans that are at least 90 days late in payment was 1,487 in June […]
Saskatoon real estate market update for August 2016 The August 2016 Saskatoon real estate market sales has increased from 2015 where 448 houses for sale in Saskatoon sold. This year we saw 506 houses in Saskatoon selling for the month of August. The average home price in Saskatoon did see a small decrease from last year with the average house price at $353,012 […]
Your families largest expense may surprise you A recent study done by the Fraser Institute shows that the average Canadian family has spent more on taxes than food and housing combined last year. The average family paid $34,154 in taxes last year including taxes passed along in the price of goods and services purchased. The Vancouver based company estimates that the average […]
Saskatoon’s new infill housing regulations The City of Saskatoon has recently come forward with new regulations concerning design guidelines for infill housing. Infill housing has become a very popular trend within certain neighbourhoods. It consists of demolishing and rebuilding new housing within neighbourhoods already built up in the city. The most predominant neighbourhoods that have seen infill housing tend to […]
Saskatoon may see an insurgent of foreign buyers On August 2nd, B.C.’s new foreign property tax laws came into effect and the end of last week saw a record 15,000 property transfer applications. Friday saw more than 9,200 transactions filed which broke the 2007/08 record of more than 8,400 in a day. Thursday also reported over 5,800 transactions which totaled close to the […]
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Saskatoon real estate market update for July 2016 The July 2016 Saskatoon real estate market sales has decreased from 2015 where 442 houses for sale in Saskatoon sold. This year we saw 370 houses in Saskatoon selling for the month of July. The average home price in Saskatoon did see a small decrease from last year with the average house price at $367,359 […]
Saskatoon real estate market update for June 2016 The June 2016 Saskatoon real estate market sales has decreased slightly from 2015 where 603 houses for sale in Saskatoon sold. This year we saw 547 houses in Saskatoon selling for the month of June. The average home price in Saskatoon did see a small decrease from last year with the average house price at […]
Saskatoon real estate market update for May 2016 The May 2016 Saskatoon real estate market sales has decreased slightly from 2015 where 601 houses for sale in Saskatoon sold. This year we saw 524 houses in Saskatoon selling for the month of May. The average home price in Saskatoon did see a small change from last year with the average house price at […]
Grow op and meth lab public registry? REALTORS® are pushing to have a public registry made available which will include those properties that have been contaminated by producing illegal drugs. According to the Association of Saskatchewan REALTORS® a comprehensive registry of former marijuana grow ops and methamphetamine labs. The information is available to police and the Association believes that it should be […]
The Competition Tribunal has ruled Recently Canada’s Competition Tribunal has ruled in the lengthy battle between the Toronto Real Estate Board (TREB) and the Competition Bureau. The fight began years ago over who should have access to the detailed data about home sales. The bureau’s stance is that REALTORS® limits competition and subsequently keeps costs high by restricting access to […]
Pricing is key Have a house to sell in the current real estate market in Saskatoon? The key for it to sell in a reasonable amount of time is pricing. More than any other factor, pricing your home to the current market is of the utmost importance. Currently the average home in Saskatoon takes 46 days to sell […]
Saskatoon real estate market update for April 2016 The April 2016 Saskatoon real estate market sales has decreased slightly from 2015 where 395 houses for sale in Saskatoon sold. This year we saw 377 houses in Saskatoon selling for the month of April. The average home price in Saskatoon did see a small change from last year with the average house price at […]
Buyer’s market for condos If you’re looking to buy a condo in Saskatoon, it’s a buyer’s market! Great deals can be had for apartment and townhouse condos throughout the city. The main reason why: overbuilding. Currently the number of new condominiums for sale is up 35% over last year. Many condo developers began projects two years ago and are […]
Saskatoon real estate market update for February 2016 The February 2016 Saskatoon real estate market sales has decreased slightly from 2015 where 242 houses for sale in Saskatoon sold. This year we saw 231 houses in Saskatoon selling for the month of February. The average home price in Saskatoon did see a small change from last year with the average house price at […]
Plans for the new schools unveiled The Government of Saskatchewan recently released the final designs for the joint-use schools expected to open in 2017 around the province in Saskatoon, Regina, Martensville, Warman. Currently there are eight schools under construction in Saskatoon’s Hampton Village, Evergreen, Stonebridge, and Rosewood neighborhoods. Greater Saskatoon Catholic Schools and the Saskatoon Public school divisions will split ownership […]
New mortgage rules are now in effect The Liberal government has recently taken steps to minimize housing risks and has implemented new mortgage rules for homes priced over $500,000. As of February 15, 2016, properties over half a million will be subject to new lending laws. Buyers are still eligible to have a 5% down payment on the 1st $500,000 but now […]
Saskatoon real estate market update for January 2016 The January 2016 Saskatoon real estate market sales has decreased slightly from 2015 where 181 houses for sale in Saskatoon sold. This year we saw 178 houses in Saskatoon selling for the month of January. The average home price in Saskatoon did see a small change from last year with the average house price at […]

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