Saskatoon The Saskatoon market started the year off on a positive note. Sales in the city were up 9% to 219 from 201 in 2019, and up 6.2% in the region with 290 sales over last year’s 273. This is well above the 5-year average of 265 and 10-year average of 278. Sales dollar volume is also up - 18% in the city to $71.5M and 7.9% in the region to $90.2M. At the same time, listings increased only slightly over last year with 811 new January listings in the region up 3% from 787 in 2019, bringing the total number of active listings to 2520. 571 listings in the city are up 2.7% from 556 for a total of 1372 active listings. The ratio of sales to new listings for the month was 36% in the region and 38% in Saskatoon, suggesting a slight lean towards a buyer’s market. [...]
About Saskatchewan REALTORS® Association The Saskatchewan REALTORS® Association (SRA) is the new voice for over 1000 REALTORS® in the province and represents and supports REALTORS® in their professional success, and the interests of the industry as a whole. SRA is an affiliate organization with the Canadian Real Estate Association (CREA). As a recognized authority on market information for our industry, SRA will continue to share statistics that provide important data on the real estate markets throughout the province. To further build our capacity in this area, SRA is seeking an Economist/Market Analyst to join our team. About the Position The Economist/Market Analyst is a new position, to be located in either our Regina or Saskatoon Service Centre. The Economist/Market Analyst is responsible for researching and analyzing local, regional, and national economic indicators and trends impacting the real estate industry in Saskatchewan. The Economist/Market Analyst produces regular reports and white papers [...]
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales eased between November and December 2019. Home sales recorded over Canadian MLS® Systems edged down 0.9% in December 2019, ending a streak of monthly gains that began last March. Activity is currently about 18% above the six-year low reached in February 2019 but ends the year about 7% below the heights recorded in 2016 and 2017. There was an almost even split between the number of local markets where activity rose and those where it declined, with higher sales in the Lower Mainland of British Columbia, Calgary and Montreal offsetting declines in the Greater Toronto Area (GTA) and Ottawa. Actual (not seasonally adjusted) activity was up 22.7% compared to a quiet month of December in 2018. Transactions surpassed year-ago levels across most of Canada, including all of the largest urban markets. “Home price growth is picking [...]
Saskatoon, December 17, 2019: On December 4, in a live broadcast streaming from both Saskatoon and Regina, the Saskatchewan REALTORS® Association (SRA) announced the results of its first Board of Directors' election. On January 1, 2020, the Association of Saskatchewan REALTORS® (ASR), Saskatoon Region Association of REALTORS® (SRAR) and Association of Regina REALTORS® (ARR) will amalgamate to form the SRA – a single provincial REALTORS® Association. The Board of Directors of this new association will be comprised of 12 association members – four from each of the designated regions of Saskatoon, Regina and Saskatchewan – those members whose brokerages reside outside of Saskatoon and Regina. Five members of the initial board were appointed for one year terms by the SRA Transition Committee, a group established at the launch of amalgamation discussions in 2018 who have led the process from research to member vote and in the past nine months, the [...]
Looking for news and updates relevant to the SRA and real estate in Saskatchewan? Check back here for our media and news releases as they happen!
Check back for regular updates on all things real estate!