REALTOR® of the Year Award Finalists
Saskatchewan REALTORS® Association is excited to announce the finalists for the REALTOR® of the Year Award. Congratulations to Richelle Rogers, Brin Werrett, and Avril Reifferscheid on earning this well-deserved nomination. The winner will be announced on April 4th, 2023, at the REALTOR® Recognition Night. Do not miss the chance to be part of this unforgettable celebration of excellence and achievement. #RRN2023 REGISTER NOW
Harry Janzen Memorial Award Finalists
Saskatchewan REALTORS® Association is proud to announce the finalists for the Harry Janzen Memorial Award. The winner will be announced on April 4th, 2023, at the REALTOR® Recognition Night. Do not miss the chance to be part of this unforgettable celebration of excellence and achievement. #RRN2023 REGISTER NOW
2022 Annual Report
The Saskatchewan REALTORS® Association 2022 Annual Report is now available online. Learn more about how your Association has mastered the basics, listened, and learned from our members. In 2022 we took decisive actions to address engagement and provided the tools and resources to help our members thrive, and we look forward to sharing these results with you. READ HERE
Market Watch >> February 2023
SASKATCHEWAN FARING BETTER THAN OTHER MARKETS DESPITE INVENTORY CHALLENGES March 3, 2023 For immediate release: There were 854 sales recorded across the province in February, a year-over-year decline of 19 per cent. However, while sales are down year-over-year, sales activity remains stronger than pre-pandemic levels and above long-term, 10-year averages. As seen in prior months, Saskatchewan continues to report new listings and inventory levels significantly below long-term trends. There were 1,360 new listings in February, down 18 per cent year-over-year and nearly 28 per cent below 10-year averages. While the months of supply did push above six months, inventory levels were down 6 per cent year-over-year and 31 per cent below 10-year averages. “We continue to see higher lending rates and supply challenges contribute to a pullback in sales,” said Association CEO Chris Guérette. “I’m beginning to sound like a broken record, but our biggest concern is still inventory [...]
Market Watch >> January 2023
SASKATCHEWAN REMAINS RESILIENT, SUPPLY LEVELS A MAJOR CONCERN February 6, 2023 For immediate release: Pullbacks in both the attached and detached sectors resulted in 631 sales being recorded across the province in January, a year-over-year decline of nearly 16 per cent. While January sales are lower than the activity reported over the past two years, sales remain consistent with pre-pandemic levels. Despite gains in new listings, January inventory levels were at their lowest levels reported in over a decade. While inventories did improve in homes priced above $300,000, it had little impact on the low inventory situation that continues to be experienced across the province. “Rising lending rates paired with ongoing inflationary pressures are impacting what individuals can afford, and our market has struggled to see improvements in supply levels in lower-priced homes,” said Saskatchewan REALTORS® Association CEO Chris Guérette. “Prospective buyers impacted by rate hikes are also faced [...]
Market Watch >> December 2022
SASKATCHEWAN CONTINUES TO FARE BETTER THAN MANY REGIONS ACROSS THE COUNTRY January 4, 2023 For immediate release: Record sales of apartment condominiums were not enough to offset declining sales in detached homes, resulting in a 12 per cent decline in residential sales in 2022. While sales have eased relative to last year, a record year, the 15,334 recorded sales in 2022 were 15 per cent higher than long-term averages. As many markets across the country are experiencing a strong shift in demand, Saskatchewan continues to report sales that are stronger than pre-pandemic levels. There were 25,089 new listings in 2022, a seven per cent decline from the year prior and well below long-term trends. While the pace of inventory decline did ease over the second half of the year, 2022 inventory levels were 11 per cent below levels seen last year and 25 per cent below 10-year averages. Much [...]