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Market Statistics
Saskatchewan Housing Sales Continue To Defy Earlier Predictions
December 4, 2020 For immediate release MediaRelease-2020-12-01 Continuing to defy earlier predictions of a weak housing market due to COVID, the Saskatchewan real estate market remains strong and has outperformed last year’s market. Across the province, sales were up over 54% from last November (and up 22.7% year-to-date), going from 697 to 1,077, new listings were down just over 4% (and down 14.6% year-to-date), going from 1,499 to 1,437) and the median sale price was up close to 1% (and essentially unchanged year-to-date), going from $265,000 to $267,574. Inventories were also down in 18 of the 19 markets that the SRA tracks. Increased restrictions in place due to the rise in COVID cases throughout the province hasn’t deterred people from buying and selling real estate. “Even before the new restrictions were in place, we had our members suspend open houses again and required them to wear masks with clients”, said [...]
Open House Pause
Saskatchewan REALTORS take the safety of Saskatchewanians seriously. We've shown leadership in the past, and we continue to take a lead to minimize the risk of transmission so that the government allows real estate to remain an essential service. We were the first province to pause open houses in March before the government placed the province on lockdown. We expected all members across the province to wear masks when meeting with clients before the government’s mask mandate was expanded beyond Prince Albert, Regina, and Saskatoon. And effective immediately, we are placing a pause on open houses to do our part to prevent the further spread of COVID. There are still times when a physical viewing of a property is required. Here are a few tips to help you reduce the risk of exposure if you are trying to sell your home right now: ✅ Use a Saskatchewan REALTOR® ✅ Consider selecting an agent that uses tools that can help qualify buyers during their [...]
Strong Consumer Confidence Continues to be a Boon for Saskatchewan Real Estate
MediaRelease-2020-11-04 November 4, 2020 For immediate release The Saskatchewan real estate market continues to be strong and outperform last year’s market. Across the province, sales were up 38.4% from last October (and up 20.4% year-to-date, going from 987 to 1,366), new listings were up 1.0% (but down 6.6% year-to-date), going from 2,002 to 2,023, and the median sale price was up 7.8% (up 3.6% year-to-date), going from $255,000 to $275,000. Inventories were also down in 16 of the 19 markets that the SRA tracks. Consumer confidence is high in Saskatchewan despite falling economic resilience across the country due to the emergence of a second wave of COVID-19. “The protocols that we put in place back in April to keep REALTORS® and their clients safe,” said SRA CEO Jason Yochim, “has helped ease people’s anxiety when it comes to buying and selling real estate.” Combined with the government’s early efforts to [...]
Saskatchewan Real Estate Continues To Be Strong: More Than Recovered From COVID
October 2020 Media Release October 6, 2020 For immediate release The Saskatchewan real estate market continues to be quite strong, outperforming the market last year. Across the province, year-over-year sales were up almost 52% from last September (and up over 18.5% year-to-date), new listings were up 10% year-over-year (but down just over 7% year-to-date), and the median sale price was up over 2% (up 0.4% year-to-date). Inventories were also down in 18 of the 19 markets that the SRA tracks. Although the province continued to see a small uptick in COVID cases in September, this hasn’t deterred people from buying and selling real estate. “While it’s been suggested that the market would suffer due to COVID,” said SRA CEO Jason Yochim, “this really hasn’t happened in Saskatchewan.” Despite a smaller number of new and active listings year-to-date, other numbers are generally better compared with last year. “The fact that sales [...]
Dead or Alive: the future of commercial real estate in Saskatchewan
COVID-19 has underscored the fact that being in close physical contact with others can make us more susceptible to disease. As a result, people in this COVID era may continue to practice physical distancing measures to reduce the risk of infection and to remain healthy. Employers and employees are already working to navigate a complicated web of safety and caution to return to work. The Canada Emergency Response Benefit is set to run out in September which will trigger a significant wave of people heading back to work and the continued preference for physical distance could prompt a change in occupational health and safety (OHS) regulations and building codes to help support safe physical distancing guidelines developed in response to COVID. Even though it could take some time for new regulations to be put in place, employees and customers may demand that employers and businesses put additional measures in place to protect their own [...]
Saskatchewan Real Estate Sees Another Great Month
LongMediaRelease-2020-09-02 September 02, 2020 For immediate release Although the August real estate market appears to be slowing down compared with June and July, we still see signs of strength. Across the province, year-over-year sales were up over 46% from August of last year (and up over 14% year-to-date), new listings were up nearly 5% year-over-year (but down just over 9% year-to-date), and the median sale price was up over 7% (up 0.2% year-to-date). Inventories were also down in 18 of the 19 markets that the SRA tracks. This suggests that people are still quite eager to buy and are continuing to find value in real estate. “While there have been some COVID outbreaks across the province, the number of cases has been pretty small” said SRA CEO Jason Yochim, “and this doesn’t seem to have turned people off from buying and selling real estate.” The fact that we had two [...]