While Canada Mortgage & Housing Corporation (CMHC) predicts the city’s average home price will sit somewhere between $275,100 and $283,900 in 2020, there are still plenty of intriguing possibilities for those with deeper pockets who are looking to spend.
The 4,684-square-foot home is packed with amenities, including a home gym, elevator, panoramic river views, wine cellar — and of course, this high-heeled shaped bathtub.
The listing made headlines in July, when it became the most expensive house ever listed in Saskatoon. According to the real estate agent, the two-storey 15-room home belongs to a couple who own an excavating company, and are looking to downsize.
Another Nutana residence located at 209 Saskatchewan Crecent West is the city’s second most expensive home with an asking price of $3.98 million. It also features unobstructed views of the South Saskatchewan River from an enviable vantage point, a living room with lofty ceilings and a kitchen fully equpped with high-end appliances.
This 2,900-square-foot two-storey home is just down the street from Saskatoon’s most expensive listing.
The home features floor-to-ceiling glass windows around the home with views of the city skyline.
For an unobstucted sight line, the property includes a rooftop terrace —and don’t forget a bottle of wine from the 700-bottle temperature-controlled wine room.
319 Zimmer Terrace at $2.49 million is ranked fourth most expensive property in Saskatoon.
This three-storey home, with seven bedrooms and six bathrooms, is a custom build in Willowgrove. Custom features include a library with a 20-foot ceiling, and a staircase inspired by the famous Shirley Plantation in Geogia that was build in 1613.
Fifth on the list is located in Arbor Creek, 118 Kaplan Green listed for $2.19 million.
This four bedroom, four bathroom home overlooks the Erindale Lake. The 2,746-square-foot home has three gas fireplaces. Its main selling point is the basement, featuring a games room and two bars.
OTTAWA – The Canadian Real Estate Association says the number of homes sold in August fell compared with a year ago as the market remained largely stuck in a holding pattern despite borrowing costs beginning to come down.
The association says the number of homes sold in August fell 2.1 per cent compared with the same month last year.
On a seasonally adjusted month-over-month basis, national home sales edged up 1.3 per cent from July.
CREA senior economist Shaun Cathcart says that with forecasts of lower interest rates throughout the rest of this year and into 2025, “it makes sense that prospective buyers might continue to hold off for improved affordability, especially since prices are still well behaved in most of the country.”
The national average sale price for August amounted to $649,100, a 0.1 per cent increase compared with a year earlier.
The number of newly listed properties was up 1.1 per cent month-over-month.
This report by The Canadian Press was first published Sept. 16, 2024.
MONTREAL – Two Quebec real estate brokers are facing fines and years-long suspensions for submitting bogus offers on homes to drive up prices during the COVID-19 pandemic.
Christine Girouard has been suspended for 14 years and her business partner, Jonathan Dauphinais-Fortin, has been suspended for nine years after Quebec’s authority of real estate brokerage found they used fake bids to get buyers to raise their offers.
Girouard is a well-known broker who previously starred on a Quebec reality show that follows top real estate agents in the province.
She is facing a fine of $50,000, while Dauphinais-Fortin has been fined $10,000.
The two brokers were suspended in May 2023 after La Presse published an article about their practices.
One buyer ended up paying $40,000 more than his initial offer in 2022 after Girouard and Dauphinais-Fortin concocted a second bid on the house he wanted to buy.
This report by The Canadian Press was first published Sept. 11, 2024.
MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 9.3 per cent in August compared with the same month last year, with levels slightly higher than the historical average for this time of year.
The association says home sales in the region totalled 2,991 for the month, up from 2,737 in August 2023.
The median price for all housing types was up year-over-year, led by a six per cent increase for the price of a plex at $763,000 last month.
The median price for a single-family home rose 5.2 per cent to $590,000 and the median price for a condominium rose 4.4 per cent to $407,100.
QPAREB market analysis director Charles Brant says the strength of the Montreal resale market contrasts with declines in many other Canadian cities struggling with higher levels of household debt, lower savings and diminishing purchasing power.
Active listings for August jumped 18 per cent compared with a year earlier to 17,200, while new listings rose 1.7 per cent to 4,840.
This report by The Canadian Press was first published Sept. 6, 2024.
