Real eState

Saskatchewan real estate market remains strong – battlefordsNOW

Published

3 years ago

July 8, 2021

“In Prince Albert, sales have gone up and inventory has gone down and that’s indicative of a market that favours sellers right now,“ said Guérette.

The Battleford area is showing a more balanced market. North Battleford and region sales, including Meadow Lake, were up 15.2 per cent going from 33 to 38 in June and up 33.3 per cent in Meadow Lake going from 3 to 4. In North Battleford, sales were 41.8 per cent above the five-year average. Year-to-date sales in North Battleford rose 52.6 percent over last year, increasing from 114 to 174 and rose 122.2 per cent in Meadow Lake going from 18 to 40. North Battleford saw the price of the benchmark single family home rise 9.2 per cent year-over-year, going from $188,500 to $205,900 while the price of the benchmark single family home in Meadow Lake rose 11 per cent going from $237,300 to $263,400.

Melfort and region sales were up 220.0 per cent going from 5 in June 2020 to 16 in June 2021, and up 29.2 per cent in the overall region, going from 24 to 31. The MLS Home Price Index saw the price of the benchmark single family home in Melfort rise 15.3 per cent year-over-year, going from $179,500 to $206,900.

Guérette said its still too early to tell what the full impact of tighter mortgage rules that came into effect June 1 would have on demand, but they don’t seem to have had any real impact on Saskatchewan markets.

“The jump in sales and drop in inventory despite efforts to cool the market suggest that the market is still quite strong and that if we want to see prices moderate, policy efforts should be aimed at increasing supply rather than trying to stifle demand,” she said.

—

panews@pattisonmedia.com

On Twitter: @princealbertNOW

by paNOW Staff

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Real eState

Homelessness: Tiny home village to open next week in Halifax suburb

Published

12 hours ago

October 24, 2024

Anne Joseph

HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

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Real eState

Here are some facts about British Columbia’s housing market

Published

1 week ago

October 17, 2024

Anne Joseph

Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

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Real eState

B.C. voters face atmospheric river with heavy rain, high winds on election day

Published

1 week ago

October 17, 2024

Anne Joseph

VANCOUVER – Voters along the south coast of British Columbia who have not cast their ballots yet will have to contend with heavy rain and high winds from an incoming atmospheric river weather system on election day.

Environment Canada says the weather system will bring prolonged heavy rain to Metro Vancouver, the Sunshine Coast, Fraser Valley, Howe Sound, Whistler and Vancouver Island starting Friday.

The agency says strong winds with gusts up to 80 kilometres an hour will also develop on Saturday — the day thousands are expected to go to the polls across B.C. — in parts of Vancouver Island and Metro Vancouver.

Wednesday was the last day for advance voting, which started on Oct. 10.

More than 180,000 voters cast their votes Wednesday — the most ever on an advance voting day in B.C., beating the record set just days earlier on Oct. 10 of more than 170,000 votes.

Environment Canada says voters in the area of the atmospheric river can expect around 70 millimetres of precipitation generally and up to 100 millimetres along the coastal mountains, while parts of Vancouver Island could see as much as 200 millimetres of rainfall for the weekend.

An atmospheric river system in November 2021 created severe flooding and landslides that at one point severed most rail links between Vancouver’s port and the rest of Canada while inundating communities in the Fraser Valley and B.C. Interior.

This report by The Canadian Press was first published Oct. 17, 2024.

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