“Saskatchewan’s resale housing market will cool down in 2010, with sales forecast to increase a modest 0.4 per cent, the lowest among the provinces, according to Canadian Real Estate Association” Interesting prediction, with sales growth to be the lowest in Canada. This is after a relatively weak 2009 year. With “British Columbia and Ontario are [...]
Saskatoon remains “seriously unaffordable” according to ” the 6th Annual Demographia International Housing Affordability Survey” 2010. Affordability is based on a multiplier, that is the years of the median income used to pay for the median priced house. “historically…. median house prices being generally 3.0 or less times median household incomes”. Saskatoon currently stands at [...]
Alberta had the lowest taxes in Canada last year, followed by New Brunswick @ #2 and Saskatchewan at #3. http://finance.sympatico.msn.ca/retirement/gordonpowers/article.aspx?cp-documentid=19213808 This is on top of Alberta having the highest average weekly incomes in Canada, highest income growth in Canada (ie spreading the Alberta Advantage) and surprisingly affordable housing in most communities including Edmonton, especially after [...]
As recently as January 2009, the Alberta Advantage stands at over $150 a week! Alberta wage growth continues to out pace Saskatchewan. Not only is the weekly average income, at $955, higher in Alberta than Saskatchewan’s $802, but to the end of January 2009, Alberta’s wages grew by 7.9%, well above Saskatchewan’s 6.3% year over [...]
http://www.normfisher.ca/images/teamblog/stats032109_avg.jpg Wow, almost surprising it came so soon. Everything is down year over year. Just have a look at the graph!
Saskatoon’s “new housing price index” is down 2.7% from January 2008 to January 2009. Meanwhile, Regina’s “new housing price index” is up 21.7% for the same period. Year over year price drop in Saskatoon? Inventory still growing? Big layoffs? Apparently Regina, not Saskatoon, is doing better of the two Saskatchewan cities housing wise. Then again, [...]
Saskatoon is Canada’s most dangerous city according to Maclean’s. http://www.macleans.ca/article.jsp?content=n030581A Regina is all the way down to number 3. For all the “per capita” apologists, the safest cities in Canada are Smaller than Saskatoon/Regina. And Saskatoon/Regina Consistently are the most dangerous, violent, etc. by various methods in subsequent years. Saskatchewan is typically most violent, crime [...]
According to a recent study by the Frontier Centre “Saskatoon is classified as seriously unaffordable, with a survey rating or “median multiple” of 4.6 [years of median income to buy the median priced house]. It is ranked 182nd on a list of 265 international cities, and 27th in Canada.” http://www.thestarphoenix.com/Homes/Saskatoon+affordability+slipping+away+study/1227163/story.html This is interesting, as prices [...]
The January 6th Star Phoenix title on the cover states “house prices tumble” and the story touches on the December average price down $44,000 from June high. A refreshing change from other media outlets, CTV, which are stil pointing out “year over year” price gains, completely ignoring that the peak was half a year ago, [...]
So, all this hype about Saska”boom”, with the most recent booster news releases pointing out that at 1,020,000 Saskatchewan has equalled its 1989 population! Not sure how a net gain of Zero necessitates house prices doubling in 2 years in Saskatoon, or how construction can’t keep up – with the population staying the same. Or [...]