Saskatoon  For the second month in a row, sales activity eased over last year’s record levels. Despite the decline, levels continue to remain well above longer term trends. Some of the pullback in sales can be in part due to some of the supply challenges in the market. Year-to-date there have been 942 new listings, far lower than the over 1,100 new listings that we typically see at the start of the year. Inventory levels also remain low with 985 units available at the end of February, over 30 per cent below the 10-year average.  The pullback in sales combined with a pullback in inv ..read more

Mandatory masking, proof of vaccination or a negative test and self-isolation orders will stay in place until February 28th. The public health orders will be reassessed at the end of February. One other change to note is that if someone is experiencing mild cold-like symptoms including cough, sore throat, sneezing without fever, the government recommendation is to stay home, use rapid antigen testing and self-isolate based on those results. For a refresher on the SRAs current COVID-19 policies and procedures and a full list of FAQs, please review them here:  https://mlssask ..read more

Saskatchewan set a housing sales record with 17,387 sales in 2021, a new high which surpassed the previous record in 2007 by 17 per cent. While the pandemic has triggered vast disruptions and challenges for some sectors of the economy, housing boomed. “Improved savings from those not financially impacted by COVID-19, combined with low lending rates has supported the strong sales environment we saw throughout 2021. For Saskatchewan, this shift was welcome news as the economic landscape pre-pandemic caused challenges in the housing market,” said SRA CEO Chris Guerette. While new listings did im ..read more

The provincial mask policy will apply to all public indoor spaces, effective Friday, September 17, 2021. Therefore, all members and clients will be required to wear masks during showings and open houses. Proof of vaccination will begin October 1, 2021 and will apply to specific establishments, businesses and event venues. New public health measures on mandatory masking (on indoor public spaces) and proof of vaccination can be found here. As of Thursday, Saskatchewan had the highest case rates per capita over a seven-day period and the second-lowest vaccination rates among provinces. In ..read more

For the second month in a row, sales in the province slowed relative to activity recorded earlier in the year and sales last August. While sales declined by nearly 12 per cent compared to last August, levels remain above long-term trends. “Last year, August sales hit a new record high for the month, so while the year-over-year decline this month seems significant, it is important to note that sales are still at levels that are far better then what were seen in August prior to the pandemic.  Sales have been far stronger than anyone expected throughout the pandemic, and recent shifts are li ..read more

Sales were down 11% in Saskatoon (going from 539 to 480), up 67% in Martensville (going from 15 to 25), and down 42% in Warman (going from 43 to 25). In Humboldt, sales were down 37% (going from 19 to 12), while in the larger region, sales were down 14% (going from 756 to 653). Sales in Saskatoon were 23% above the 5-year average (and 18% above the 10-year average), 76% above the 5-year average (and 32% above the 10-year average) in Martensville, and 3% below the 5-year average (and 6% below the 10-year average) in Warman. In Humboldt, sales were 20% above the 5-year average (and 7% above the ..read more

July 08, 2021 The Saskatchewan real estate market remains strong. Across the province, there were 1,914 homes sold (up over almost 12% from last June and up 65.7% year-to-date, going from 5,690 to 9,427), new listings were down 2.6% (but up 20.0% year-to-date, going from 2,174 to 2,608) and the MLS® Home Price Index (HPI) composite was up 9.8% (up 8.9% year-to-date, going from $262,700 to $288,500). Inventories—a measure of how many months until there are no active listings given current sales levels— were also down in 23 of the 24 markets that the SRA tracks. “The market continues to level ..read more

SASKATCHEWAN REAL ESTATE SETS MARCH SALES RECORD Saskatoon and Region (including Martensville, Warman, and Humboldt) Sales were up 108.8% in Saskatoon (going from 273 to 570), up 113.3% in Martensville (going from 15 to 32), and up 115.4% in Warman (going from 13 to 28). In Humboldt, sales were up 240.0% (going from 5 to 17), while in the larger region, sales were up 102.1% (going from 380 to 768). Sales in Saskatoon were 72.9% above the 5-year average (and 66.4% above the 10-year average), 102.5% above the 5-year average (and 82.9% above the 10-year average) in Martensville, and 35.9% above ..read more

If you’re house shopping, there’s probably one question that’s been on your mind often: “What size home should I buy?” At a glance, the answer seems obvious: as big as you can afford! But that’s only a small piece of the puzzle. Home size matters on many levels from personal preference to resale value, future plans, your budget, and more. How do you find the ideal home size for you and your family? Here are three things you need to consider: The Truth About Square Footage A foot is a foot, right? When it comes to the square footage of your future home that may not be the case. Measuring the ..read more

Sales in Saskatoon were up 53.0%, going from 230 in February 2020 to 352 in February 2021, and up 59.9% in the overall region, going from 314 to 502. In Saskatoon, sales were 42.7% above the 5-year average (and 35.1% above the 10-year average), while in the larger region, sales were 50% above the 5-year average (and 43.1% above the 10-year average). Year-to-Date (YTD) sales in Saskatoon rose 40.3% over last year, increasing from 449 to 630, while YTD sales in the larger region rose 43.4%, going from 604 to 866. Sales volume was up 69.0% in the city, going from $73.7M to $124.4M in 2021 (49.6 ..read more