Kevin Goyer 306-222-6333

This article coutesy GlobalTV Saskatoon:

A new report released Tuesday by the Canada Mortgage and Housing Corporation (CMHC) says housing starts in Saskatoon for 2011 were at its highest level since 1982.

CMHC says there were 2,994 total starts in the Saskatoon CMA last year.

That is an increase of 25.7 per cent from 2010.

For single-detached housing, construction started on 1,608 units during the year, a decrease of 1.8 per cent from the previous year.

Multi-family unit construction starts, which include semi-detached units, rows and apartments, were up 86.5 per cent from 743 in 2010 to 1.386 in 2011.

CMHC Senior Market Analyst for Saskatchewan Michael Fabiyi says an expanding economy and labour market in the province attracted migrants which “fuelled a pace of starts rarely seen across the province.”

Regina also saw an increase in 2011, with construction started on 1,694 new units, the highest annual output in that city since 1983.

Swift Current, Yorkton, Lloydminster and the Battlefords also had year-over-year increases in housing starts during 2011.

Read it on Global News: Saskatoon housing starts at highest level since 1982: CMHC

To say the last 10 years in the Saskatoon real estate market were interesting is a vast understatement. Momentous might be a better word. The big boom in 2007, price corrections in 2008. This chart shows just how much change we’ve gone throigh.
SRAR 10 Year Sale Report

The Saskatoon Region Association of Realtors released its year-end stats for 2011 today and they show a balanced market for the year past. Saskatoon Realtors listed 7051 Saskatoon homes in 2011 and sold 4027 of them, which is up 13% from 2010. The average price of a Saskatoon home sits at $309,835 at the end of the year which is an increase of 5% over last year. There are 812 active Saskatoon real estate listings right now on the Saskatoon MLS. Average time to sell a home in Saskatoon is 45 days.

Just listed 111 Grant Street in Saskatoon’s Forest Grove neighborhood. 660 sq ft 2+2 bedroom bungalow with 1 1/2 bathrooms. Room for a garage. Why buy a townhouse? $249,900 MLS

Just listed 3 new two storeys on Klassen Crescent in Saskatoon’s Hampton Village neighborhood. Great floor plans and kitchen designs. Maple hardwoods. Fridge, stove, microrange and built-in dishwasher included. Double detached garage. Great value in the Saskatoon market.

Its not very often a Saskatoon home buyer has the opportunity to get a home like this now priced $10,000 below market value. 118 Appleby drive has been reduced to $299,900 MLS. Its a 1205 sq ft bungalow renovated from top to bottom. It’s a steal at this price. Know anyone who might be interested in it? Let me know. Open House Sunday September 19th.

Just listed a 1040 sq ft 2+2 bedroom bi-level in Fairhaven at 10 Galbraith Crescent. Nice house with updated flooring & paint. 22 x 24 detached garage with 8′ overhead door. $289,900 MLS.