Real Estate

This would be the ultimate paradise for anyone born in the 1980’s or 90’s. The house featured in the two Home Alone movies with Macaulay Culkin has been fully renovated and now up for sale. The 1921 built 9,100 square foot home is located north of Chicago, Illinois in the community of Winnetka at 671 […]

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 […]

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 […]

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 […]

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.  […]

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 […]

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 […]

  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. […]

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 […]

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, […]