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Home builders, realtors concerned about CMHC housing market report

Regina Leader Post, May 4, 2016 – A recent report by Canada Mortgage and Housing Corp. suggesting that housing markets in Regina and Saskatoon are more “problematic” than Vancouver’s has Saskatchewan realtors and home builders questioning the methodology behind the report. The CMHC’s housing market assessment (HMA) report released last week determined that both Regina and Saskatoon, along with Toronto […]

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Saskatoon’s housing market overvalued: CMHC

Global News,  April 27, 2016 – “Overall, we detect strong evidence of problematic conditions. Downward revisions to population data for recent quarters contributed to the shift from moderate to strong evidence of overvaluation,” said Goodson Mwale, the CMHC’s senior market analyst for Saskatchewan. “The framework also continued to detect strong evidence of overbuilding.” According to the report, despite a 35 […]

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CMHC says many major housing markets showing signs of overvaluation

CBC News, April 27, 2016 – Canada’s national housing agency says nine of Canada’s 15 largest housing markets are showing signs of being overvalued. The Canada Mortgage and Housing Corporation said in its quarterly Housing Market Assessment Wednesday that a majority of Canada’s large housing markets are showing either “moderate” or “strong” evidence of being overvalued. The housing agency looks […]

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Avenue U: High cost of housing a growing concern

Satr Phoenix, April 22, 2016 – Peter Ryan, now 62, says he once looked a grizzly bear in the eyes and walked away unscathed. On that day in the North, years ago, he heard the mama grizzly snorting. She had cubs. After their encounter, they parted ways. Ryan, a man with many stories to tell, wears a Sons of Anarchy […]

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Saskatoon housing starts down in March

Global News, April 10, 2016 – Housing starts in March were down in the Saskatoon census metropolitan area (CMA), according to preliminary numbers released by the Canada Mortgage and Housing Corporation (CMHC). The recent report shows construction started on 84 less units compared to the same month one year prior. Construction on 93 units began in March 2016 compared to […]

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Home builders feel pressure from economic downturn

Star Phoenix, April 8, 2016 – The ongoing economic slowdown continues to put pressure on Saskatoon home builders, who have reined in construction and could face significant challenges if the commodities market doesn’t rebound. “It’s the sort of environment where the smaller builders will have to hang in there, so to speak, until the market turns,” said Goodson Mwale, the […]