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SASKATCHEWAN’S HOUSING LEADERS LAUNCH HOUSING BLUEPRINT AHEAD OF PROVINCIAL ELECTION
SEPTEMBER 16, 2024 FOR IMMEDIATE RELEASE Saskatchewan’s Housing Leaders have released Secure Homes, Strong Future: A Housing Policy Blueprint for Saskatchewan ahead of the 2024 provincial election. The blueprint is built on grassroots consultations and expert research within the housing industry - providing insights and recommendations to support Saskatchewan’s housing continuum. Saskatchewan’s residential housing industry, including construction, rental, and real estate, faces a significant gap in housing inventory to accommodate future population growth. Secure Homes, Strong Future focuses on policy amendments and funding investments to support the province’s residential housing industry and provide homes for Saskatchewan’s growing population. Saskatchewan continues to attract, house, and employ people at record levels – a growing province means more housing units are required to ensure that the Saskatchewan advantage remains intact,” stated Saskatchewan’s Housing Leaders. “Our plan proposes common-sense ideas to build more affordable homes faster by improving affordability, unlocking development, lowering construction costs, [...]
MARKET WATCH >> AUGUST 2024
ABOVE-AVERAGE SALES CONTINUE TO DRIVE PRICE GROWTH IN AUGUST September 5, 2024 For immediate release: Saskatchewan reported 1,507 sales in August, a seven per cent year-over-year decrease but over 12 per cent above long-term, 10-year averages. Despite a slight pullback in sales, August marked the fourteenth consecutive month of above-average sales, and year-to-date sales remain seven per cent higher than levels reported last year. A modest gain in new listings relative to sales resulted in the sales-to-new-listings ratio trending down from levels reported over the last few months, preventing an even more significant monthly decline in inventory levels. However, inventory levels slid by 17 per cent year-over-year and remain 40 per cent below long-term averages. “Unlike many other parts of the country, sales in our province continue to outperform historical averages for a fourteenth consecutive month,” noted Association CEO, Chris Guérette. “Saskatchewan’s relative affordability, when paired with employment gains [...]
MARKET WATCH >> JULY 2024
STRONG SALES CONTINUE IN JULY DESPITE ONGOING INVENTORY PRESSURES August 7, 2024 For immediate release: Saskatchewan reported 1,667 sales in July, a seven per cent year-over-year gain and over 20 per cent above long-term, 10-year averages. The thirteenth consecutive month of above-average sales in the province has contributed to year-to-date sales that were 10 per cent above July 2023 and 19 per cent above the 10-year average. While new listings saw a modest year-over-year gain, this had little impact on inventory levels, which were down 20 per cent year-over-year and remain over 40 per cent below long-term trends. “Strong housing demand continues to support above-average monthly sales levels, preventing any significant inventory relief in many markets across the province,” said Association CEO, Chris Guérette. “Limited supply choice, specifically in the more affordable segment of the market, is likely preventing even stronger sales activity in our province.” Saskatchewan reported a [...]
STATE OF REAL ESTATE >> KEYNOTE SPEAKER ANNOUNCEMENT & EXCLUSIVE PROMO CODE
Exciting news! After headlining major events in Los Angeles, Las Vegas, and Miami, the SHIFT movement is coming to Saskatoon! We’re thrilled to announce Kathleen Black as the headlining keynote speaker at State of Real Estate 2024, proudly presented by Conexus Credit Union! Kathleen is a globally-recognized mindset & high-performance expert, best-selling Author, and renowned transformational speaker. Her unique, holistic approach to empowered leadership and mindset training has guided iconic brands and high-net-worth professionals to add billions of additional dollars in sales volume annually. She is the two-time bestselling author of The Top 1% Life and Relentless to Rise and the subject of the internationally awarded documentary The Relentless One, directed by Emmy-winning director M Douglas Silverstein. Attendees of Kathleen’s keynote will learn advanced strategies to create high-performing teams, manage chaos effectively, and enhance overall performance. This session promises actionable insights, inspiration, and renewed motivation for achieving new levels [...]
MARKET WATCH >> JUNE 2024
PRICE GROWTH CONTINUES AS NUMEROUS COMMUNITIES REPORT RECORD BENCHMARK PRICES IN JUNE July 4, 2024 For immediate release: Saskatchewan reported 1,675 sales in June, a one percent year-over-year decrease but nearly 10 percent above long-term, 10-year averages. Sales levels improved in properties priced above $400,000, which nearly offset the pullback in homes priced below $300,000, as inventory challenges continue to prevent even stronger monthly sales. New listings dipped by 14 per cent year-over-year and 21 per cent compared to 10-year trends, preventing any significant inventory relief, as inventory levels decreased by 19 per cent year-over-year and over 40 per cent versus long-term trends. Despite these persistent inventory challenges, Saskatchewan reported above-average sales for the twelfth consecutive month in June. “While the recent Bank of Canada rate decision was welcome news, higher lending rates and rising home prices continue to spur demand for more affordable housing options,” said Association CEO, [...]
MARKET WATCH >> MAY 2024
STRONG SALES CONTINUE AS INVENTORY LEVELS REMAIN AT LOWEST LEVELS SEEN SINCE 2008 June 6, 2024 For immediate release: Saskatchewan reported 1,841 sales in May, up six percent year-over-year and 24 per cent above long-term, 10-year averages. Sales levels remain strong across many regions of the province, with the largest year-over-year gains occurring in the Swift Current-Moose Jaw and Northern regions. In line with seasonal expectations, the province reported a month-over-month gain in new listings. However, strong sales continue to prevent significant inventory relief, with inventory levels remaining at their lowest point since 2008. The sharpest decline in inventory continues to be experienced in homes priced below $300,000, as the more affordable segment of the market remains extremely competitive. “Our housing market continues to report strong monthly sales figures despite persistent inventory challenges,” said Association CEO Chris Guérette. “An eleventh consecutive month of above-average sales is quite impressive when [...]