12. February 2009 by Kari Calder.

This is a great time to lock into your mortgage with rates like these! Prime rate of 3% is a great way to stimulate the Canadian economy. Finally it is a great time to buy more house at a lower cost which is a very rare opportunity. There is definitely a window open to buyers to get into the Saskatoon real estate market right now that won’t be around forever. There are plenty of choices for home buyers in every price range of houses for sale in Saskatoon whereas even a year ago there was less than a quarter of the selection.

Just 2 years ago a buyer could not put a condition of financing on a home for sale in Saskatoon much less the condition of having a home inspection done, but that heat is over and now is a great and safe time to buy. Interest rates probably won’t go any lower! Prices of houses for sale in Saskatoon, however, will not stay soft forever. Prices seem to be stabilizing in the Saskatoon housing market now that many of the desperate sellers have sold their Saskatoon homes.

Kari Calder
Saskatoon Real Estate Agent
Century 21 Conexus Realty Ltd.

Posted in Saskatchewan Real Estate, Canda Real Estate News, Buyers, Current Market, News, Saskatoon Real Estate | No Comments »

12. February 2009 by Kari Calder.

Despite a slow second half of the year for Saskatoon real estate in 2008 it appears that 2009 is starting out strong. In Saskatoon we have had 331 homes sold or with solid conditional offers on them between January 1st and February 12th, 2009. This is still very much a buyer’s market and we still have over 1100 home listed MLS in Saskatoon, but people are starting to buy again after what seemed like a very long and dry time from August-December. Houses were still being sold in this period but with all of the inventory you barely noticed the sold signs. I think everyone has seen many more sold signs on Saskatoon homes in the past 2.5 months than they did for the previous 4 months.

This is a great time to get in and buy for the first time or to purchase revenue properties or to ‘move up’ if you are looking to increase the size of your home. I believe by 2010 our market will be completely balanced again as the inventory will be cleaned up. We can then expect an increase in house prices in Saskatoon, although overly optimistic people think that things will go up earlier than that with our still strong Saskatchewan economy. But that is just my opinion and feeling!

If you have any questions or comments about the Saskatoon real estate market feel free to contact me at anytime!

Kari Calder
Saskatoon Real Estate Agent
Century 21 Conexus Realty Ltd

Posted in Canda Real Estate News, International Real Estate, Saskatchewan Real Estate, Current Market, Saskatoon Real Estate | No Comments »