Real Estate

Canada to allow 30-year amortization for first-time buyers’ mortgages on new homes

Canada to allow 30-year amortization for first-time buyers’ mortgages on new homes

Apr 11, 2024 | 10:55am
The federal government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes. Finance Minister Chrystia Freeland made the announcement in Toronto today, saying it would take effect Aug. 1.  The Canadian Home Builders’ Association has advocated for longer amortization periods, saying five more years would help with affordability and […]
National home sales in February up nearly 20% compared with year ago

National home sales in February up nearly 20% compared with year ago

Mar 18, 2024 | 7:52am
The Canadian Real Estate Association says February home sales jumped 19.7 per cent compared with a year ago. The association says the increase in part reflected weakness last year, as the result for February 2023 was one of the lowest for the month in the past two decades. On a month-over-month basis, CREA says seasonally […]
Sales up, Inventory Down in snapshot of house sales in Saskatchewan

Sales up, Inventory Down in snapshot of house sales in Saskatchewan

Mar 6, 2024 | 11:50am
999 homes were sold in Saskatchewan in February, according to numbers released by the Saskatchewan Realtors Association. Reduced inventory has been part of what is fuelling a 10 thousand dollar increase the average sale price. Overall sales were up 24 percent compared to the 10 year average, while inventory declined by 17 percent. “Despite inventory […]
Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikes

Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikes

Oct 25, 2023 | 8:26am
The Bank of Canada held its key interest rate steady at five per cent, but hasn’t ruled out future rate hikes as price pressures remain high.   “With clearer signs that monetary policy is moderating spending and relieving price pressures, governing council decided to hold the policy rate at five per cent,” the Bank of Canada said in a news release on Wednesday.  […]

House Sales Continuing to Slow in Saskatchewan

Mar 3, 2023 | 8:12am

The pace of house sales continues to slow in Saskatchewan. According to the Saskatchewan Realtors Association, there were 854 sales across the province in the month of February. That’s down 19 percent compared to February of last year. “We continue to see higher lending rates and supply challenges contribute to a pullback in sales,” said […]

Real Estate Sales Staying Relatively Flat in Saskatchewan

Feb 6, 2023 | 7:48am

Rising interest rates and inflation are continuing to slow house sales in Saskatchewan. According to the Saskatchewan Realtors Association, there were 134 homes sold in Regina in the month of January. That is slightly lower than the year before. Regina reported a benchmark price of $312,200 in January, down one per cent compared to January […]

Hot Sales Market for Houses Cooling Slightly

Aug 4, 2022 | 11:08am

  With the federal government trying to pump the brakes on inflation through interest rate hikes, housing sales remain pretty strong in Saskatchewan. “As expected, gains in lending rates are having some cooling impacts on the housing market causing consumers to seek out more affordable options.”  according to Chris Guérette, CEO of Saskatchewan Realtors Association. […]

Saskatchewan real estate market still hot

May 6, 2021 | 11:15am

The Saskatchewan Realtors Association says the real estate market in the province set another sales record in April. Across the province there were 1,865 homes sold which is up nearly 182 per cent from last April, during the lock-down, and up 97.2 per cent year-to-date. New listings were up over 41 per cent. Sales were […]

Saskatchewan sees record home sales in March

Apr 12, 2021 | 7:37am

Real estate in Saskatchewan continues to boom during the pandemic, setting yet another sales record in March. The Saskatchewan Realtors Association (SRA) says home sales in March were up 85 percent from last year, while inventories were down. Economic Analyst Chris Gbekorbu says having low inventory is actually helping the market. “We’ve got lower inventory, […]