According to new statistics released by the Canadian Real Estate Association, housing prices in Saskatchewan are about 10 percent less than they were 5 years ago. The CREA says home prices in Regina were down 4.25 percent from a year ago, and 12.76 percent from 5 years ago. In Saskatoon, the CREA says prices are […]
by Dale Neufeld 
The Canadian Real Estate Association says the average price of a Canadian home sold in March was $481,745, a drop of 1.7 percent from March of 2018. The CREA says prices were lower, on average, and the number of homes sold was also down by 4.6 per cent compared to March of last year. Spring […]
by Dale Neufeld 
A new report from the Canadian Imperial Bank of Commerce estimates that Canada’s new Mortgage Stress Test cost the Canadian Housing Industry between 13 and 15 billion dollars last year. The CIBC says the total value of new mortgages in Canada dropped by 8 percent, or 25 billion dollars last year. CIBC Deputy Chief Economist […]
by Dale Neufeld 
A new report by the Canadian Mortgage and Housing Corporation which was released today shows that new housing starts in Saskatchewan have declined significantly in the past couple of years. The CMHC Report shows that new housing starts in Saskatchewan have dropped from 4,152 in the first quarter of 2017, to 3,738 i the first quarter […]
by Dale Neufeld 
The Federal Government has announced a number of new initiatives in its 2019 Federal Budget to help make home ownership more affordable for 1st time buyers. The Government announced the First Time Home Buyer Incentive in the Budget today. The Incentive allows qualified buyers to finance up to 10 percent of the purchase price of […]
by Dale Neufeld 
A new Report from the Royal Bank of Canada shows that Saskatchewan remains one of the most affordable in the country for home buyers. The RBC Report shows that overall, housing affordability is up across most of the country, but only a very small amount in Saskatchewan. Some markets are for-the-most-part, unaffordable for anyone but the […]
Home prices across the country are expected to rise in 2019, but only at a moderate pace compared with recent years, according to two of Canada’s largest residential real estate brokerages, and prices in at least one Saskatchewan City are expected to decrease in 2019. Royal Lepage is predicting the national median home price will […]
by Dale Neufeld 
Statistics released today by The Canadian Real Estate Association (CREA) show national home sales declined between September and October 2018. Highlights of the CREA’s Monthly Report. National home sales fell 1.6% from September to October. Actual (not seasonally adjusted) activity was down by 3.7% from one year ago. The number of newly listed homes eased […]
by Dale Neufeld 
CMHC Releases Fall Forecast A new report released by the Canadian Mortgage and Housing Corporation is predicting that housing starts in Canada will gradually slow down until at least 2020, to keep in line with a moderating economic outlook and demographic conditions. The CMHC says while income, employment and household formation will continue to support new […]
by Dale Neufeld 
The Canadian Mortgage and Housing Corporation has released its 4th Quarter Housing Market Assessment for Canada, and it shows that there is still a high degree of vulnerability in the Canadian Housing Market, but home prices are moving closer to levels supported by housing market fundamentals. In Saskatchewan, the CMHC says the biggest issue remains […]
by Dale Neufeld 
New numbers released by the Canadian Real Estate Association show that Saskatchewan remains one of the most economical provinces for home ownership, and that home prices in the province have dropped by about 2 percent in the past year. Canadian Real Estate Benchmark Price The CREA says Vancouver remains Canada’s priciest housing market, with a […]
by Dale Neufeld 
It’s been a long time since there’s been any kind of a frenzy around the housing market in Saskatchewan, but it feels like things are starting to stabilize for the first time in a long time. Housing Starts are Down The CMHC is reporting that Canadian Housing Starts fell to their lowest level in nearly […]
