Housing prices continue to climb in Saskatoon as a combination of strong sales and low inventory helped close out the year with the second highest sales in history.
“Gone are the days where there are vacant houses in Saskatchewan,” Saskatchewan Realtors Association (SRA) CEO Chris Guerette said.
“Houses are used up, they are a highly valued commodity, and that’s going to be a challenge for the next few years to come.”
New data from the SRA shows Saskatchewan closed 2023 with a sixth consecutive month of sales above the historical average.
In December, 757 homes sales represented a year-over-year gain…
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BC real estate: Looking ahead to 2024
The latest housing assessment figures in British Columbia show residential property markets softening across the province, but analysts say it may not bode well for affordability in the coming year.
The concerns stem largely from the potential drop in interest rates later this year, which may spur homebuying activity while housing supply remains limited, driving up prices.
“There are a lot of buyers on the sideline right now,” said Central 1 Credit Union chief economist Bryan Yu.
“Once that certainty arises that rates are stabilizing or are falling, we do expect to see that more buyers are going to come…