Let’s Talk Real Estate
Welcome to our Weekly Real Estate Update providing you an educational edge for real estate in Saskatchewan since 1987.
DECEMBER | Industry Overview
The Saskatchewan Real Estate market is booming! At levels not seen since 2014. Inventory levels are reaching a NEW LOW. In Saskatoon, listings fell 24% and in Prince Albert, they fell 18.3%. Because supply is so low and demand remains high, sellers are selling their homes faster and for a great price! If you’re curious […]
3 Things to be aware in 2021
There is no doubt that 2020 was one for the books. It will be remembered as a year like no other. COVID-19 has caused significant national economic disruption, to say the least. While we’ve seen government intervention, record unemployment, mortgage payment deferrals, record low-interest rates, we’ve also seen continued growth in the […]
Are you looking to move in 2021?
Are you looking to move in 2021? If you’re looking to sell, you’ll probably want to get the best possible price for your property. Who wouldn’t? Unfortunately, there are many ways to inadvertently leave money on the table. How do you avoid that possibility? The 3 Ps of getting the best price for your home: […]
OCTOBER | Industry Overview
“The Saskatchewan real estate market continues to outshine last year. In October 2020, sales were up 38.4%, new listings up 1%, and median sale price up 7.8%. It is important to highlight that inventories are either becoming stagnant or decreasing however the number of active buyers is still high. The numbers prove it… Now is the […]
3 Best Investment Strategies
Have you ever considered investing in Real Estate? Need help analyzing deals to calculate your return on investment (ROI)? We specialize in this kind of stuff! Let’s take a look at 3 different investment strategies that we often analyze for ourselves and our clients, which could potentially make you big money: Type 1 – Flip Flipping is a […]
Are you looking to renovate your home this year? If so, you need to read this!
Calling all renovators! For those of you looking to renovate this year, be sure to check if you could apply for these renovation incentives: INCENTIVE #1: Sask Party Plan – Renovation Tax Credit Sask Party introduces a renovation tax credit program to follow their re-election. “Homeowners taking advantage of the proposed credit would be able […]
SEPTEMBER | Industry Overview
“In last month’s overview, we expected the market to follow historical trends and slow down in September, but also expected to see higher sales numbers than September 2019. We were quite accurate as the September statistics show that the market continues to be quite resil-ient as COVID-19 cases rise, surpassing the 2019 sales figures. Even […]
What Gives a Home it’s Value?
In a previous article about what Léo and Taylor can do for you as real estate consultants, we briefly mentioned the home evaluation process. This article will dive deeper into that process, and it will break down precisely what gives a home value in the Saskatchewan market. Location, Location, Location Homes generally hold a […]
Most Often Asked Questions – First Time Home Buyer
Are you a First Time Home Buyer? . We interviewed first time home buyers and broke down the most often asked questions. Jenn Slater from OneStreet Mortgage helped us break down the following ‘need to know’ information when buying your first house. . How much can I afford for a home? “To determine ‘affordability’ you […]
The Burning Question: Fixed or Variable-rate Mortgage?
One of the first decisions mortgage buyers face is deciding between a fixed or variable-rate mortgage. It’s an important decision that can significantly affect your financial stability over the next few years, and the last thing you want is to make the wrong decision. Here are a few insights into the differences between the two […]
As the summer air slowly cools, the days become shorter, and kids return to school, the real estate market settles… Or does it?
As the summer air slowly cools, the days become shorter, and kids return to school, the real estate market settles… Or does it? The real estate market in Saskatchewan follows a seasonal business cycle like most other markets in the country. For example, ice cream is a delicious and refreshing treat on a hot summer […]
AUGUST | Industry Overview
“Historically the real estate market tends to slow down around August compared with June and July, which is no different for 2020. June and July’s exceptional market performance suggested that August also would have higher sales numbers than in 2019. Sales across the province were up 46% from 2019. The markets made up nearly all […]
What do Taylor and Leo do?
Have you ever wondered what Leo and Taylor do for their clients on a daily basis? It isn’t straightforward since each day presents their unique challenges and experiences, but this article will help summarize what we can do for you! It all starts with a seller or buyer lead, either a homeowner wanting to sell, […]
Real estate is going crazy!
“It’s a perfect storm! Rates have never been so low. Our Saskatoon and area market is stable. This current market lends favourably toward both selling and buying. If ever there was a time to take action on purchasing a home, cottage or rental or refinancing for home improvements or simply taking out some of your […]
MAY | Industry Overview
MAY | REAL ESTATE OVERVIEW “Due to the pandemic, sales, new listings and the median sales price have gone down or have slightly increased from the 2019 May statistics. The real estate market has been holding up extremely well and is speculated to improve as the province re-opens. Based on the history of previous epidemics […]
New CMHC Rules – Everything you need to know
You may have heard about new rules to qualify for a mortgage. We sat down with mortgage expert, Jenn Slater with OneStreet mortgage, to provide you with everything you need to know. CMHC has tightened their rules on qualifying for a mortgage and there have been three pretty significant changes. Read below for the changes […]
9 Steps to Buy
As a First Time Home Buyer, where do you start? There is so much information out there that finding the proper steps can be overwhelming… We are here to provide you with the 9 steps required to buy that we use with all our clients! STEP 1 – Budget and save up. An effective budget […]
How to Boost Curb Appeal with only $500
The First Impression When preparing to put the home for sale, most sellers focus on making the inside look as appealing as possible. Don’t forget about the exterior too! First impressions count! When potential buyers search for a home online, the first picture they typically see is the outside. That first impression is powerful and […]
Cautions in Real Estate
Let’s Talk Real Estate | Taylor and Leo Morrison In a province that is hitting market records in real estate, many questions arise on how business is being conducted to prevent against the spread of COVID-19. According to a Global News news release, “Saskatchewan real estate market records highest residential sales in 2 years”. Sales […]
Mortgage Rates and COVID-19
We’re living in a world right now that’s controlled by COVID-19 and the consequences it’s creating around the world. This pandemic has caused markets to drop significantly, borders to be closed, and a strain on business globally. Mortgage holders, such as Jenn Slater from OneSt Mortgage, have had dozens of questions around what this means for their […]
Calling all First Time Home Buyers
Have you ever wondered a how first time homebuyer can get into real estate market and their first home? With all of the talk of rule changes, stress tests, down payments, and rates, how does a first time home buyer know where to start? We spoke to Mortgage Broker, Jenn Slater with One St Mortgage […]