Regina Real Estate News
Stay up-to-date on the Regina real estate and housing market with the latest news updates provided here.
Saskatchewan economy to remain among top performers
May 1, 2013
Saskatchewan should remain among the top economic performers in Canada for the foreseeable future because of its resource wealth, sustained population growth and diversified economy, according to a senior economist with the Conference Board of Canada. "We've had a drastic change in the economy in this province," Mario Lefebvre, director of municipal studies for the Ottawa-based economics research organization, told about 500 participants at the second annual Saskatchewan Real Estate Forum...
Bank of Canada lowers 2013 growth forecast, key rate unchanged
April 17, 2013
The Bank of Canada says it is holding firm on interest rates even though the economy is considerably weaker than it has anticipated. Canada's central bank has lowered its 2013 economic growth forecast to 1.5 per cent from the previous estimate of two per cent. As well the bank says Canada's economy is performing well below capacity and it will not return to full capacity until sometime in mid-2015, about six months later than it had thought in January...
Regina now a buyer’s market for resale homes
March 28, 2013
Despite seeing a seven per cent year-over-year increase in house prices in the last three months, Regina is considered a buyers market, according to the Conference Board of Canada’s latest metro resale ‘snapshot’ released Thursday. Only four markets in Quebec and two in British Columbia were in a “buyer’s” state. Regina and Saint John, N.B., were the other buyer’s markets last month. There were, unsurprisingly, no seller’s markets in Canada’s largest urban areas, the report said...
Regina home sales up 5.9% in February
March 15, 2013
Regina’s 5.9 per cent increase in existing home sales from January to February bucked the national trend of a 2.1 per cent decrease during the same period, according to the Canadian Real Estate Association (CREA).However, the home sales picture in the capital city looks less rosy when compared with last year. Home sales in Regina declined 26.5 per cent in February compared with February 2012, while sales were down 26.9 per cent for the year to date, CREA said Friday. Across Canada...
Regina’s new housing prices up 3.2% in January
March 14, 2013
Regina’s new housing price index (NHPI) increased 3.2 per cent year over year in January, fifth-highest increase in the country, Statistics Canada reported Thursday. In Winnipeg, where the pace of the annual increases has been accelerating over the last several months, year-over-year prices were up 5.9 per cent in January compared with a four per cent advance over the same period in 2012. Other significant year-over-year increases occurred in St. Catharines — Niagara (3.4 per cent), Calgary (3.3 per cent)...
TD Predicts Housing Prices Flat
March 12, 2013
A TD Economics report predicting flat housing prices for the next decade isn't necessarily bad news for homeowners or buyers, says Gord Archibald, executive officer of the Association of Regina Realtors. The report released Monday says the annual rate of return for real estate will be roughly two per cent over the next decade. "In other words, home price gains should simply match the rate of inflation,'' the report said. "This represents a weaker real return than what has been recorded since 1980."...
February Home Sales Still Sluggish
March 6, 2013
Last month, 219 homes were sold in the Regina area, up from 181 sales in January, but down 26 per cent from 295 sales in February 2012, according to the Association of Regina Realtors. The number of sales was well below the five-year average of 260, and the 10-year average of 230 for the same month, said the association's monthly report on multiple listing service (MLS) sales. Similarly, there were 186 sales reported in the city in February, a decrease of 24 per cent from the same period in 2012...
Baby boomers still keen to live in the suburbs
February 27, 2013
Demand for suburban detached homes remains strong among baby boomers and Generation Y, according to a new Royal LePage Real Estate survey. The poll by Leger Marketing found of the 40.6 per cent of baby boomers (born between 1947-66), who plan to move to another primary residence, almost half (43.5 per cent) are looking to purchase another primary residence that is a similar size or larger than their current property. Of the total responses from baby boomers...
Diverse Housing and Neighbourhood Options
February 19, 2013
As more and more people choose to live and invest in Regina, there are plenty of places available to call home. Regina has always had many neighbourhood options for residents — from close proximity to the downtown business centre to family-oriented areas close to parks, schools, and shopping malls. With the city’s economic and population growth, developers and builders have an opportunity to provide even more options for homebuyers to meet a variety of needs and price points...
Energy Efficiency in Homes - a Regina Success Story
February 19, 2013
No one is going to be surprised to read that a newly built home is more energy efficient than an older home. When I make that claim, what may come to mind is the image of a wood home, built 80 to 100 years ago, with its drafty windows and often wood chip insulation. It is most likely not a big stretch for you to agree that there is no comparison between that old home and a new home, when it comes to energy efficiency. It does make me wonder how surprised you might be at how much more...
Record Breaking Housing Starts and Real Estate Values
February 19, 2013
Real estate investors have a lot of choices when it comes to how to spend their money. To help make those decisions easier, MoneySense magazine rates cities to determine where in Canada investors can find the best value for their dollar. The rating system takes into account value (homes that are reasonably priced), momentum (increasing in value) and the strength of the community’s economy. The number one ranked city for 2012 is Regina...
Housing construction continues to rise in Regina
January 9, 2013
Construction of housing of all kinds in Regina last year rose substantially over 2011, according to preliminary figures released Wednesday by the Canada Mortgage and Housing Corp. Figures for the Regina census metropolitan area, which includes the city and nearby communities, indicate last year saw starts of 1,289 single-detached units, a 35-per-cent rise over 2011...
Regina sets record for housing price, volume in 2012
January 3, 2013
Regina’s real estate market posted another record-breaking year in 2012, according to year-end statistics released Thursday by the Association of Regina Realtors. There were 3,922 residential sales recorded on the multiple listing service (MLS) in the Regina area, up slightly over 2011 when 3,909 properties changed hands. This represents the second-highest number of sales in a year, behind 2007 when 3,935 sales were recorded...
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