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Regina Real Estate. Kashlee Parmiter is a
REALTOR® in Regina providing a wealth of knowledge and keen understanding of the real estate markets in Regina. Buying or selling real estate in Regina is one of the biggest transactions an individual can make, use a professional to guide you through the intricacies of the Regina real estate market.
Kashlee specializes in residential real estate including houses, condominiums, apartments,
investment properties and much more. If you have any questions about any property in Regina or other properties in Saskatchewan, we can assist you and help you every step of the way. Our goal is to make buying and selling Regina property a positive, low-stress experience and provide you with the very best service and advice.
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The residential real estate market in Regina and area continues to boom, with sales and average prices setting records in April, according to the Association of Regina Realtors, which says prices might go even higher because new listings are selling relatively quickly. There were 443 sales reported in the month in Regina and area, up 24 per cent over April 2011. This beat the ARR's previous record for the month of April. It was set in 2008...
Regina led the nation with the largest year-over-year and monthly increases in new home prices in February, according to Statistics Canada’s new housing price index released Thursday. The largest year-over-year percentage increase was Regina’s 5.9 per cent, followed closely by Toronto and Oshawa at 5.8 per cent and Winnipeg at 3.8 per cent. From January to February, Regina also posted the posted the largest monthly price advance at...
Housing starts in the Regina area totalled 243 units in March, a whopping fourfold increase from 61 units during the same period in 2011, according to Canada Mortgage and Housing Corporation (CMHC). Increased production of both single-detached and multiple-family dwellings fuelled the gain in Regina, CMHC said in its monthly survey of residential construction released Wednesday. Single-family unit starts totalled 89 in March, up nearly...
With the first new office tower in downtown Regina in 20 years nearing completion, Harvard Developments announced Tuesday that will build another office tower at the other end of 1800 block Hamilton Street, starting in late 2013 for occupancy in 2015. Called Agriculture Place, the new office tower will be built along side the existing Harvard Developments-owned building at 1800 Hamilton St., which currently houses the head office of...
Many key records were smashed in April based on residential sales reported through the MLS® System of the Association of Regina REALTORS® Inc., said the Association.
There were 443 sales reported during the month in all geographic areas, a new high for April and up 24% over 356 in 2011. The previous high was set in 2008 when 416 sales were reported. There were 351 sales reported in the city, up 17% over 2011 when 299 properties were sold.
The average sales price in all market areas broke the $300,000 mark for the first time in any month, coming in at $312,873. This was up 17% from the previous high reported in 2011 of $267,047. The average in the city was $320,123, another new high for any month, and up 17% from $274,626 posted last year.
The combination of record sales and new price highs resulted in a new record for total dollar sales volume for any month. There were $138.6M in sales reported for all areas, the first time April sales have surpassed the $100.0M mark and an increase of 46% over $95.1M posted last year. The previous high for April was $98.8M in 2012. Dollar volume in the city also set a new all-time high of $112.4M, an increase of 37% from $82.1M in 2011.
During the month, homes which sold were on the market for an average of 31 days before selling at an average of 97.8% of the asking price. This compares to 35 days and 95.7% in 2011. The average for the city in April was 23 days at 98.4% of asking price.
Buying a house without seeing it is usually a bad idea. But when Kashlee Parmiter of Toronto spotted an online ad for a $20,000 house in Melville, she couldn’t pass it up. She was 20 years old at the time. Buying a house in a province she’d never been to was like an invitation to an adventure.
“At the time, I thought the price was totally insane,” Parmiter said. “It came with a house, a garage and land. So I bought it over the Internet. Back then, I thought it was the coolest thing, to own property.” “And I was totally okay with packing and up and moving without knowing anyone.”
Parmiter quit her job managing cellphone outlets in Ontario, moved to Melville in 2007 and found a job at a car dealership. It didn’t take long for her to appreciate the true value of her little house in Melville and see that a provincewide real estate boom was about to take hold.
“I was looking at real estate values and I noticed that the price of houses jumped quite a bit even in the short time since I bought. And you just don’t see that kind of jump in Ontario,” she said.
About seven months into her new life in Melville, she figured it was time to test the market. She put a handmade for-sale sign in the front window and asked for $68,000. “I’m not sure why I even asked that price. It was just the first number that came into my head.” Her phone rang the next day. A couple from Alberta eager to return to rural Saskatchewan agreed to her price, a transaction that gave her a profit of 340 per cent. It also inspired Parmiter’s career in real estate.
“I bought some other smaller properties in rural Saskatchewan. I bought five and that was enough to make enough to move to Regina,” said Parmiter. She’d already had her eye on the Queen City where she believed houses were undervalued. “I knew that houses in Regina weren’t as much as anywhere in Canada. So I knew that there was going to be a correction. That is what made me come here. My timing was insane.”
She was working at a Regina car dealership where she noticed vehicles were being sold in record numbers while the economy in her home province of Ontario, like elsewhere in North America, was going through a recession. That’s when she decided to quit her job and follow her new love of buying and selling houses.
“I had to quit my dream job to try it in real estate,” said Parmiter, who received her real estate licence about a year ago. “It’s been the best decision of my life.”
Today, she has a busy private business and sells houses for local house builder Artisan. And recently, she signed on to sell condominiums in the Capital Pointe tower at the corner of Albert Street and Victoria that is supposed to break ground this summer. While the project will become the city’s tallest building and is one of this city’s most ambitious condominium projects, it has raised eyebrows locally because of its long string of delays. But Parmiter said it’s hoped the hotel and the first six floors of the 26-floor complex will be ready for use by the 2013 Grey Cup. With about 20 per cent of the units sold, negotiations continue with respect to the owner of the hotel as well as commercial tenants that are to include an upscale grocery store and a brew pub.
Parmiter, who has since partnered with Regina agent Kristen Reed to help with the workload, has strong opinions about why she’s been successful in a market where so many real estate agents are competing for business in a city where so few houses come up for sale.
“Because a lot of people see the opportunities that Regina has, I think that gets a lot of people interested in real estate. And so new people become agents because they want to get their hands in it. They want a slice of the real estate pie. The industry by itself tends to separate the people who are passionate about it from those who simply want to make a buck,” she said. “You have to work 18 hours a day and love it.”
Parmiter dismisses concerns from pundits, many of whom predict a rise in interest rates will slow the demand for houses in Regina. She believes Saskatchewan’s turbocharged economy will protect the value Reginans have in their homes.
“I don’t think the price of the properties has gone up to the point where a huge crash is imminent. If anything were to happen here in Saskatchewan and interest rates were to go up, the worst I’d see is that the prices would softly plateau. But I don’t see it crashing,” she said. “Regina isn’t due for a correction within five years. Maybe in a decade there will be a correction.”
Buying a house without seeing it is usually a bad idea. But when Kashlee Parmiter of Toronto spotted an online ad for a $20,000 house in Melville, she couldn’t pass it up. She was 20 years old at the time. Buying a house in a province she’d never been to was like an invitation to an adventure.
