News Archive

News Archive

Canadians Risk Becoming House-Rich, Cash-Poor: Survey

Huffington Post Canada, May 25, 2015 – More than one-third of Canadian households were unable to pay their bills at some point in the past year, a sign that rising housing costs are biting into Canadians’ finances, Manulife Bank says. Ever-larger mortgages mean many Canadians are at risk of retiring house-rich but cash-poor, Manulife said in a homeowner debt survey […]

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Real Estate Roundup: Basement suites booming in Evergreen

Saskatoon Star Phoenix, May 12, 2016 – When Wendy Wawryk and her husband Eugene decided to build their dream retirement home in Saskatoon’s Evergreen neighbourhood, they started by coming up with a list of requirements. One of them was a basement suite. “We like to travel, and it’d be nice to have somebody in the house … By the time we went […]

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Saskatoon could be headed for ‘apartment renaissance’: Colliers

Star Phoenix, march 23, 2016 – A confluence of factors affecting Saskatoon’s rental market suggest the city could be on the verge of an “apartment renaissance,” according to a new report from Colliers International. “I think renters are the beneficiaries,” said Colliers Saskatchewan president and managing director Tom McClocklin. “They’ve got more selection, they’ve got new buildings to look to, […]

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Food bank gets crucial restock amid growing demand

StarPhoenix, May 10, 2016 – Saskatoon residents donated 78,894 pounds of food to the Saskatoon Food Bank and Learning Centre during the 11th annual citywide food drive on Saturday. That’s an increase compared to last year’s total of 66,000 pounds, executive director Laurie O’Connor said. The donations come at a crucial time. The food bank has seen a sharp increase in usage — it now serves […]

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Residential construction slow but steady, despite weak economy: CMHC

StarPheonix, May 9, 2016 – Despite the ongoing downturn in commodity prices curbing demand and putting downward pressure on prices, Saskatoon’s residential construction sector remains relatively stable, according to a new report from the Canada Mortgage and Housing Corporation (CMHC). “The big take-away is that we’re seeing sort of a steady pace in terms of housing starts (but) the industry […]

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Overvaluation and overbuilding remain prevalent in Canada’s housing markets

Ottawa Sun, May 6, 2016 – Overvaluation is detected in nine Census Metropolitan Areas (CMAs) and overbuilding in seven, according to the Canada Mortgage and Housing Corporation’s (CMHC) latest Housing Market Assessment (HMA) released on April 27, 2016. Nationally, CMHC detects moderate evidence of overvaluation. The HMA serves as an early warning system, alerting Canadians to areas of concern developing […]

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Saskatoon And Area Economy Lowered To C Grade

Saskatoon Homepage, May 2,2016 – The Saskatoon Regional Economic Development Authority is grading the local economy a C for the first quarter of the year, which is down from a B- in the last quarter of 2015. President and CEO of SREDA, Alex Fallon says that doesn’t mean everything is doom and gloom. The organization anticipates moderate to steady GDP […]