Saskatoon Real Estate

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Saskatoon Real Estate Prices Up 56% Over Last August

Written by Marc on September 12th, 2007 with no comments

Numbers have come in the the past week for real estate sales in August in Saskatoon.  The average price rose to $253,240 from $161,921 just one year ago.  This number is slightly higher than July and a new record for the city.

This trend is expected to continue into the fall when residents try to move into their new houses before the snowfall.  Also, with the continued interest from out of town investors, many realtors expect the housing prices to continue on their upward trend.

How does this benefit you?

If you are a real estate flipper, you can see increased returns on your investment.  It is also a great time to get rid of some of your poor performing …

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Average Home Price in Saskatoon Up 57% in One Year

Written by Marc on July 7th, 2007 with 3 comments

Numbers came out this week regarding the average home price in Saskatoon, Saskatchewan.  For those of you that have not been reading the blog up to this point, Saskatoon is located in Canada and is currently experiencing a housing boom.  The average house price for a house in Saskatoon in June was $252,433 CDN up from the price in June 2006 of $160,547 CDN.

A large reason for this increase is both the number of frustrated potential home buyers bidding irrational prices just to get property and the influx of investors from outside the city.  An example of these external investors are those investors from Alberta who have entered the market due to the high prices found in the Alberta market.  …

Read more articles on Real Estate Investing and Saskatoon Real Estate.

Saskatoon has strongest housing resale market in Canada

Written by Marc on June 5th, 2007 with no comments

According to the semi-annual Metro Monitor published by CIBC World Markets, Saskatoon has the strongest housing resale market in Canada.  In fact, according to their report, both Saskatoon and Regina are sixth and seventh rated cities based on economic momentum. 

The labor market in Saskatoon is also the strongest in the country, with Saskatoon posting the greatest percentage increase in employment numbers in the country.

What does this mean to a real estate investor or entrepreneur?

One word: opportunity.  With more people buying real estate, it is a good market for flipping homes.  According to sales in the MLS (multiple listing service), the average home price in May was $233,197 CDN compared to $220,682 CDN just one month ago.  …

Read more articles on Business Opportunities and Entrepreneur and Real Estate Investing and Real Estate Resources and Saskatoon Real Estate.

The Two Choices in a Sellers Market

Written by Marc on May 17th, 2007 with no comments

In a sellers market, the real estate prices are usually higher than what you paid for your rental property.  It is an excellent chance to make a profit and sell your income properties.  But before you do, consider these two scenarios:

  1. Sell your properties for a profit

    Obviously, if you need a quick buck, or feel like cashing out, this would be the time to do it.  No one complains about making money and that was the reason you bought the property in the first place, right?

    This is also a great opportunity for you to take your smaller properties and turn them into a larger, more profitable property (think four green houses one red hotel).  Usually if you follow this …

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Average Saskatoon Home Sale Price Up 10% in One Month

Written by Marc on May 5th, 2007 with 1 comment

The average sale price of a home in Saskatoon jumps 10% in the past month.  The average sale price for a home jumped from $200,938 CDN in March to $220,862 CDN in April.

This return brings the return on real estate in Saskatoon to an annualized 32%.

The price increase is mainly due to an increased demand of local buyers purchasing bigger houses, ex-Saskatchewan residents moving back to the province, and interest from investors in western Canada.

Asking price has increased 26% on FSBO (for sale by owner) website  The average listing price for April 2007 was $243,343 CDN compared to April 2006 average of $192,853 CDN.


Note:  The average sale price of a home is …

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