Tourney Group Real Estate Blog

Saskatchewan had an incredible housing market boom in 2021, setting a housing sales record of 17,387 homes sold. This new record has surpassed the previous record set in 2007 by 17%.

Although the amount of new listings in Saskatchewan did improve in 2021, the inventory of homes dropped significantly throughout the province by almost 17%. With inventory numbers reduced and a coinciding strong demand, this ensured that the market favoured the seller. With these changes came the almost 8% rise of the benchmark price to $284,200. Granted, there was also a large variation of property types and location, from single family homes that were only 1% below previous highs, to condominium’s that remain 17% below the notorious highs of 2014.

Despite the

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Saskatchewan sales soared in November rising 26.4% since last November and since the beginning of the year to 1,361. Not only did November set a new record high for sales but the long term averages grew over 50%. The province is on track to reach record high sales this year. With that being said, Saskatchewan REALTORS® Association CEO Chris Guérette states why she believes the rise in sales - “Concerns over inflation have left many anticipating that rates will rise earlier than expected in 2022. This has likely supported the recent shift in sales as buyers want to get ahead of any rate gains.”

With the number of Sales rising up to 1,361 but the New Listings totaling 1,521 units, the Sales-to-New- Listings ratio has risen to nearly 90% which is the

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The month of December in YQR is packed with all sorts of activities and events that are worth putting in your calendar! We have you covered with a list of everything that is happening.

 

Self-Guided Winter Wonderland Tours

  • November 23 – December 22
  • 4pm-8pm
  • Must Register in advance
  • $5.00 per person or $20.00 for 4

2022 Skate Canada Challenge

  • December 1-5
  • Location: Co-operators Center
  • Novice, Junior, and senior figure skating provincial championship
  • Children under 12 must show proof of double vaccination
  • Tickets are $50 for Wednesday-Sunday
  • Single Day tickets are $25

Brushworks Art Guild - Art Show & Sale

  •  December 3-5
  •  Location: Neil Balkwill Library
  •  11-4pm
  •  Brushworks Art Guild, a
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Take a read through the vast events that are happening in the Queen City this November, there is something for everyone!

November 10 – December 15 - Joy of Breathing – Free Online Class

-        Every Wednesday join Sylvie Horvath and learn how to connect with yourself and your breath to truly understand self-awareness. The best part is, it’s free!

November 10 – Regina Scavenger Hunt – Operation City Quest

-        Anytime between 10:00am-9:00pm, explore Regina while trying to find 120 objects that vary in 13 different categories. To join in on this awesome experience is only $15.71!

November 11 – Remembrance Day Ceremony - 

      The poppy was made 100 years ago this Remembrance Day. 

-        There will be a service held at

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According to Chris Guérette - Saskatchewan REALTORS® Association CEO, “One of the single greatest issues the Canadian real estate market faces - including Saskatchewan - is the declining levels of house supply. The seasonally-adjusted number of residential properties, remaining for sale on MLS® System of Canadian real estate boards and associations, is close to falling below the 100,000 mark for the first time on record. Six years ago, that number was a quarter of a million.”

Although Saskatchewan’s new listings and sales numbers have decreased, Saskatchewanians continue to purchase homes, given lending rates are as low as 2.5%. Despite low lending rates, sales in Saskatchewan have pulled back to 1306, which compared to last year, dropped by 4.2%

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When selling your home, you want to display all its best features. Think of it like you’re getting it ready for your in-laws (that hardly come over) but when they do, the pressure is on! You need to do the deep cleaning that may get looked over - those tasks that are not on the weekly cleaning list.

Once all of your cleaning is finished, start thinking about staging your home. When it comes to staging your home, keep in mind that you want to de-personalize it and create an environment that future owners can see themselves in. Once the steps of cleaning, depersonalizing, and staging are completed, your home will not only be photo-ready for your listing and viewing by future home owners, but it will ease the process of moving as well.

Starting

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Starting off with Saskatchewan as a whole: sales have slowed relative to last year’s record highs, however, to no surprise, have remained well above the long-term trends. With changes in both sales and supply levels, conditions have remained unchanged as the sales-to-new listings ratio remained over 60% and the months of supply stayed above five months.

While the sales have slowed, the market is indicating more of a balance between supply and demand compared to levels in the spring. Although the market favors towards the seller, the recent shift towards a more balanced market is taking pressure off of prices. Throughout Saskatchewan, benchmark home prices have eased over the past few months, but still remain well above last year’s levels. Since the

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We all know how beautiful fall is with the ever-changing leaf colours, the fresh autumn aromas, and the oh-so delicious pumpkin spice lattes.

As we embrace the cool fall weather and all that it entails, we also need to embrace the fact that our homes may need a little extra maintenance to prepare for the weather that is ahead. In just 10 easy steps, we can help you have your home ready for fall and those impending below-zero temperatures.

  1. Clean out Your Gutters and Spouts:

    Although it is a mundane task, it is an important one. Clearing out all those leaves and debris saves your home from water leaks and foundation damage. If the water cannot easily flow out of your gutters and spouts, it will inevitably find someplace else to go.

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Autumn Leaves Header

 

We’re back! Here’s the latest on the housing market in Saskatchewan, Regina and Region!

Saskatchewan Sales have increased by 36.4% since the beginning of 2021, are sitting at 1,393, with a marked decrease (11.3%) from last August. Of consequence, August, 2020 had sales that hit a new record high which explains the 11.3% decrease year-to-date. According to Saskatchewan REALTORS Association CEO, Chris Guérette, “… It is important to note that sales are still at levels that are far better than what were seen in August prior to the pandemic”. Sales of all property types on a year-to-date basis have Saskatchewan currently at a new record high!

Similar trends in New Listings: Since the beginning of the year, August has risen by 11.5% to 2,379

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What has been happening in the Regina and Region Real Estate Market? Here is a brief look at what happened in February, 2021.

In February, the Tourney Group added a new member to our team! We are pleased to welcome Kelly Kuntz to the RE/MAX Joyce Tourney Realty and Tourney Group family. Kelly has been working in residential real estate since 2008, and is a dedicated and experienced agent. She is a great addition to our team! February was a busy month for Tourney Group agents, and we are expecting to see the Spring market start off with a bang! In Saskatchewan, sales increased by 74% in comparison to February of last year! Year-to-date, the number of sales went from 663 to 1,157 for a 62.3% increase. Despite the…
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