The residential benchmark price for homes in Regina rose to $330,600 in July 2022, according to the latest data from the Saskatchewan Realtors Association.
That figure trails well behind the national average price of $629,971.
Here’s a look at what you can buy in Regina around the average price of a home.
3433 Portnall Avenue. (Source: realtor.ca)
Home Style: Bungalow
Price: $329,000
Year Built: 1953
Floor Space: 960 sq. ft.
This four bedroom, two bathroom Lakeview bungalow features an open concept kitchen and living room, along with a gas range, granite counter tops, updated flooring and a renovated four piece bathroom. The basement is renovated, with a rec room, a bedroom and a bathroom.
94 Straub Crescent. (Source: realtor.ca)
Home Style: Split level
Price: $329,900
Year Built: 1973
Floor Space: 1577 sq. ft.
Located in the Mount Royal neighbourhood, this renovated home includes three bedrooms and two bathrooms. The main floor features an updated open concept living area and kitchen, with quartz counter tops, a centre island and a dining room. The family room, located on the third level, has lots of natural light and new flooring.
2711 Mackay Street. (Source: Realtor.ca)
Home Style: Bungalow
Price: $325,000
Year Built: 1953
Floor Space: 841 sq. ft.
Located in Arnhem Place, this bungalow is within walking distance to Wascana Lake. The open concept main floor features a living room, kitchen and a small dining nook. Vinyl plank flooring is present throughout the main floor. The home boasts two bedrooms and one bathroom on the main floor, with another two bedrooms and a bathroom in the basement.
3130 Arens Road E. (realtor.ca)
Price: $349,900
Home Style: Bungalow
Year Built: 1986
Floor Space: 1122 sq. ft.
This bungalow, located in the east Regina neighbourhood of Wood Meadows, features three bedrooms and two bathrooms. The house was updated in 2022 with vinyl plank flooring, new light fixtures, a new paint job with new baseboards and trim.
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.
