Archive for the ‘Saskatchewan Real Estate’ Category

Arbor Creek Will NOT Be Getting A School

Wednesday, December 8th, 2010

It has been rumoured for years that the vacant land across from Wright and Kenderdine Rd in Saskatoon’s Arbor Creek may be getting a school. Owned by Dundee Realty this site has been designated for future schools however there has been a formal request by the developer to turn this into a new residential housing site for Saskatoon’s east side. The company has already begun the process to rezone the sites making 45 residential lots available in Arbor Creek for single family homes  according to the Saskatoon Star Phoenix today. It would be great to see more lots for sale in Arbor Creek but at what cost? Having lived near the future site myself I can see the benefit for new home buyers in Saskatoon as you can get a brand new house in a well established area so I am sure there will be a huge demand for the lots.

Instead it appears that the public and catholic school systems are putting their efforts into Willowgrove.I have helped a few people buy houses for sale in Willowgrove that will be near these schools that ARE going in.  The Catholic school board has already removed Arbor Creek from its five-year capital plan for the division. Unfortunately many homeowners near the ‘proposed’ school site in Arbor Creek chose that location for the future potential. They have already been waiting a long time and by now most of their small children are likely in high school!

Land for Saskatoon new home construction is limited and expensive to begin with, especially on the east side. This land will be in huge demand so I have to give it to Dundee, they know how to develop better than the city does in my opinion.

If you are looking to buy or sell real estate in Saskatoon give me a shout! I would be more than happy to help find you the perfect house.

Kari Calder
Century 21 Conexus Saskatoon

This Week’s Market

Wednesday, December 1st, 2010

The Saskatoon real estate market has seen the listings coming down steadily in the past few weeks. There are currently 1085 houses for sale in Saskatoon (or condos) down from 1125 last week. We only had 92 new houses for sale in Saskatoon hit the market last week which is down from 115 the week before.

There were 83 houses for sale in Saskatoon that sold last week, down as well from last week where we saw 92 houses sell in Saskatoon. This was up from 56 the week before so it appears that the market has picked up.

There are 1037 houses for sale in the surrounding Saskatoon region. I have been out showing houses for sale around Saskatoon and have noticed that the out of town market seems to be getting busier as well.

If you are thinking about buying or selling a house in Saskatoon or around Saskatoon give me a call as I would be happy to help you out!

Kari Calder
Century 21 Conexus Realty Ltd

New Listings + Exciting Low Interest Rates

Thursday, October 14th, 2010

I have the perfect combo for a first time buyer in Saskatoon or investor! My newest Saskatoon real estate listing, a condo for sale in Saskatoon in Eastview, is vacant and ready for immediate occupancy. That, combined with a quick close before November 30th with a rate of 3.49% from Centum Canada Mortage Direct Ltd in Saskatoon, equals a GREAT deal!

Mortgage brokers in Saskatoon tend have lower rates than most banks so now is the time to get qualified! Century 21 Saskatoon works hand in hand with these great mortgage brokers in Saskatoon so just ask me how to set up a  meeting to find out what you qualify for.

This condo for sale in Saskatoon is a 2nd floor corner unit with a maple kitchen, granite counters, newer flooring, trim, lights etc. The location is great and close to shopping, amenities, and bus service. Near Market Mall. Laundry is just down the hall but each unit has a large storage room so in suite laundry may be a possibility.

If you are interested in buying a condo for sale in Saskatoon or if you are interested in buying any sort of real estate in Saskatoon contact me. If you are looking to list your house for sale in Saskatoon let me talk to you about the advantages of using a Saskatoon real estate agent and why my services are beneficial to you.

Kari Calder
Century 21 Conexus Realty Ltd
Residential Real Estate Specialist

Come ON Star Phoenix, Why Print Garbage Like This?

Wednesday, October 6th, 2010

You know we are lacking in newsworthy articles when the Star Phoenix chooses to print something as obscure and silly as this article, which is basically mortgage and real estate terms for dummies. I am sure they meant it to be fun but it is misleading and lacks professionalism.

As a Saskatoon real estate agent this article did put a bee in my bonnet…or burn my bunns…or whatever other choice phrase one may have for getting annoyed. There should have been a nice big disclaimer that this article was a joke. Example-portable mortgage-a mortgage for a motor home. Okay, that is sort of funny, I am not totally humorless, but I still think as a Saskatoon realtor (r) there needs to be follow up.

I did enjoy one of the comments made:

I guess an early morning Boomer is sitting tight, waiting for a house which was upgraded to his delight, and wants it for 1980’s price. Sure! wait for prices to drop to “historical” standards.
If anyone ever dealt with a real estate agent (in Saskatoon) or a mortgage broker, they know how much work is done by them, and if they are lucky after all the work is done, the client may choose to stay with the sucker who did ALL the work to help the client with their best possible result.
There should be a service fee charged like that charged by servicemen who just come to give you an estimate, refundable if you use their expertise.

This was an anonymous post but as a Saskatoon real estate agent I wanted to hug this person! I can’t tell you how many hours and days and months some times I have dealt with a potential Saskatoon home buyer or someone looking to put their Saskatoon house for sale only to get burned when they decide to use the price I worked out for them to list their house for sale in Saskatoon privately or with an agent who is willing to list it for less commission (but you do get what you pay for as some of those same Saskatoon real estate agents have openly told me before what their sellers would take as a low offer, so did saving $1000 cost the sellers a lot more, yep!).

I am an honest, ethical, hardworking Saskatoon real estate agent with Century 21 Saskatoon and I know that many people have had bad experiences with some of my colleagues. I know that my integrity and hard work will keep me successful in my Saskatoon real estate career but give me peace of mind. There are definitely some of my colleagues who I wonder how they sleep at night. They would answer “very well” but there are lots of us Saskatoon realtors who are doing a good and honest job who get judged by the bad ones.

Kari Calder
Century 21 Conexus Realty Ltd

Fears of Housing Bubble-Overblown?

Thursday, September 16th, 2010

Housing bubble or no housing bubble? It seems the debates never end on these topics lately and it comes down to differing opinions and research techniques. In a recent article in the Star Phoenix it appears that rumblings are overblown. They use words like “seem” and “could” to protect their assets. There are some left-leaning groups who look at worst case scenarios and publish that we “could” see prices plummett by 20-38% in Canada’s major real estate markets with a best case scenario of 19-29%. Really? The catastrophic US meltdown saw a national drop of about 30%. One of our leading think tanks, the Conference Board of Canada, thinks no bubble, instead just a return to normal as salese were too high to be sustainable according to Mario Lefebvre.

Prices rose in July from June in 19 of the 28 Canadian cities studied and all had prices that were above last years levels. One has to keep in mind though that average house price in Saskatoon, and everywhere else, is simply determined by adding the cost of each home and dividing by the units sold. In Saskatoon in any given month we may see a greater number of high end houses for sale in Saskatoon that sell vs small basic condos for sale in Saskatoon. These change the average house price in Saskatoon drastically so I would imagine it is the same across the country.

Overall the actual experts find little cause for concern, but that doesn’t stop the negativity and part of my job as a Saskatoon real estate agent is to educate. There will always be negative people in the world and even in the Saskatoon real estate community who believe everything they read, but it must get exhausting as there are so many contractions in the media!

I cannot stress enough how unfair it is to look at the entire country of Canada and lump each community under one heading. There are so many factors even in Ontario and BC but unfortunately they are still seen as the beginning and the end of our great country. The prairies and especially Saskatchewan are starting to stand their ground as confidence grows. The 2 agreed upon places where prices may come down are Vancouver and Montreal as the prices have shot up out of control. Saskatoon real estate is still strong thanks to our many resources.

Interest rates also play a role as the 80’s and 90’s saw home prices staying between 3 and 4 times the median income yet now they are between 4.7 and 11.3. Interest rates should not be reaching 20% like they did back then as they are only increasing slightly. If you are in that 11.3 group though I would hope you have some extra money coming in! If you need information on getting a mortgage in Saskatoon let me know!

If you are thinking about buying a house for sale in Saskatoon and you have questions about the Saskatoon real estate market I would love to speak to you and help you in your Saskatoon home purchase (or Saskatoon condo!)

Kari Calder
Century 21 Conexus Realty Ltd Saskatoon

Saskatchewan to Lead Canada in Economic Growth in 2010

Friday, September 10th, 2010

Finally! Some location appropriate news after all the doom and gloom CMHC newscasts lumping all of Canada under one heading. The Saskatoon Star Phoenix has printed an article today from Regina that sheds better light on our local markets and will reflect upon Saskatoon real estate markets.

According to the RBC, Saskatchewan is set to lead the country and a lot of that is due to the huge increase in Potash production. Our economic growth rate is predicted to be 6.3%. Potash production in Saskatchewan has increased 130% in the first 5 months of 2010 and is expected to make up for weakness in the oil and natural gas production sectors in our province. Due to the large cutbacks in potash production in 2009 Saskatchewan’s economy did see a contraction. As a Saskatoon real estate agent people from other parts of the world often ask what makes us so different. It is our diversity! These cutbacks hurt us but didn’t render us as bad as oil did to Alberta.

Had agriculture in Saskatchewan not been so negatively impacted by mother nature’s rains this year our growth would have been even higher. It is expected the growth in Saskatchewan will moderate in 2011 as GDP is still expected to rise 4.8% with continued growth in the global economy leading to an increase in energy production and agricultural output.

It seemed like there were less parents coming to buy condos for sale in Saskatoon for their kids for the school year this year than in previous years and a lot of that had to do with the bad farming year we experienced. Real estate in Saskatoon in general slowed down this summer but that is not abnormal for our summer months. Realtors in Saskatoon and Saskatoon home buyers/sellers all like to try to enjoy the short summers that we have!

Kari Calder
Century 21 Saskatoon

Saskatoon New Development

Tuesday, September 7th, 2010

More development means more demand for Saskatoon real estate-both commercial real estate in Saskatoon and residential real estate in Saskatoon. With the number of ongoing projects indicates that there are about 5000 man years of employment created with projects already started at the University of Saskatchewan and another 10,000 man years to be created with construction planned in the next 5 years.

The new Circle Drive project in Saskatoon (which Saskatoon realtors will love once completed!)is creating between 2000 and 2500 man years of employment, River Landing in Saskatoon is creating approximatley 4000 and the Jansen mine will create at least 8000 man hours of direct employment (20,000 in spin offs) and another 1000 a year for on going operations.

Whatever happens with PCS and BHP Billiton the Jansen mine will go ahead. It won’t be until the year 2026 that the mine will be at full production of 10 million tons a year. The mine is located 140 km east of Saskatoon. What a boost to Saskatchewan!

Other new development is the new eco centre building at the Saskatoon Farmer’s Market for $30M which will consist of 64 apartment unit/education centre combined with commercial space.

Families in need of Saskatoon homes also welcome a new low-income housing complex next to the Light House on 20th Street which will offer 65 units of low income housing in Saskatoon.

To supply the new potash mine at Jansen a new South East water supply system is going in to the tune of $100 Million.

For years we have been wondering what is going in across from TCU Auditorium (Centennial) and you can slowly see progress on the new Holiday Inn Saskatoon. Pacific Avenue is seeing further development with a new office tower, these two projects are costing $35 Million and $8 Million respectively.

Plans have been approved for a new location for the bus barns, to be moved from Caswell Hill. This will run the $20 Million mark but should improve the Caswell Hill location for residents.

The largest new development announced is Bethany Manor, a long term/seniors health facility in Saskatoon. This is to cose $120 Million and will be located on the corner of Pinehouse and La Ronge Road. It is the current site of the Lawson Heights tennis courts and skateboard park. This park will be moved to a new location between Henk Ruys Soccer Centre and the recycle depot on Primrose. Phase one will consist of 160 senior suites, 124 in phase 2 and a 150 suite health care facility in phase 2.

Knights of Columbus Saskatoon is also opening an affordable seniors housing complex in Saskatoon with 72 units and it will be near 20th and Ave P. This will be in the $8 Million range.

We have another new gas station in Saskatoon with a Co-Op Gas Bar going in at 51st and Millar Avenue for $3.3 Million.

As a realtor in Saskatoon it is great to see that Saskatoon is continually expanding. We are fortunate in this economy to keep pushing forward.

Kari Calder
Century 21 Conexus Saskatoon

Current Stats

Wednesday, September 1st, 2010

Summer generally slows down home sales in Saskatoon as many people are off enjoying our few nice months out of the year. Whether it be at the abundant lakes we have in Saskatchewan or families taking vacations out of province, every Friday it seems the roads are packed to get out of the city of Saskatoon.

From August 23-August 30th there were 136 new listings hitting the  Saskatoon real estate market, down from 178 and 146 the 2 weeks prior. Saskatoon home sales were also up with 91 Saskatoon houses for sale going last week from 74 and 71 in the 2 weeks before.

We have a total of 1385 properties for sale in Saskatoon. There are 814 houses for sale in Saskatoon and 571 condos for sale in Saskatoon (or other not single family dwellings).

There are 1261 properties for sale near Saskatoon.

If you are thinking of listing your house for sale in Saskatoon give me a call. If you are thinking about buying a house for sale in Sasktoon I also work with a lot of buyers. I am a very active realtor in Saskatoon so that means I am up to date on what is happening each week in the Saskatoon real estate community.

Kari Calder
Century 21 Conexus Realty Ltd

CMHC-lumping all of Canada into one brief article seems hardly fair!

Wednesday, September 1st, 2010

While I hate waking up to read reports from CMHC about sales to slow, housing starts to weaken, and prices to possibly lower as they lump all of Canada into one brief report that scares people. Saskatoon real estate is healthy at the moment with people back from summer holidays and starting to buy more of the houses for sale in Saskatoon than throughout the summer. As a Saskatoon realtor I noticed less farmers purchasing condos for sale in Saskatoon this year than previous years for their kids attending the U of S but that was due to the record breaking rain falls in our province this year.

The Star Phoenix printed an article from Ottawa about CMHC commenting on sales and prices to go down. Most people are informed enough not to jump on the ‘oh my CMHC says it so it must be true’ bandwagen but there are a lot of consumers who still put their faith in everything the news says. If you listened and believed everything in the media you probably wouldn’t get out of bed in the morning!

While there are certainly cities that have forced the numbers down there are also many cities and provinces that keep the numbers from crashing entirely. Ontario and BC aren’t helping the Canadian real estate forecast as the introduction of the Harmonized Sales Tax have negatively affected the market.

You have to take all media with a grain of salt, especially when they continually lump all of Canada in one short article. It would be similar to stating that the crime rate in Canada is the same in every community…across the country! Or that the weather in Saskatoon is the same as the weather in Yellowknife.

We are in a balanced real estate market in Saskatoon and Saskatchewan continues to buck the trend. We have felt the impact of the global economic market but our industries keep us going strong. There are still investors looking for investment properties in Saskatoon who look to purchase real estate in Saskatoon (as growth, while moderate, is still expected). With the decrease in mortgage rates once again it is advisable to find a Saskatoon mortgage broker to get you set up and locked in as that mortgage decrease makes a big difference in the long run.

Before the Saskatoon real estate boom in 2007 if a home for sale in Saskatoon sold for more than the buyer originally paid a few years prior, Saskatoon home sellers were ecstatic. After Saskatoon real estate fees if people made $5000 they were more than happy when they sold their houses for sale in Saskatoon. I think that the general public needs to go back to how things were and not necessarily expect to have enough money for a big mortgage jump/down payment to purchase their new house in Saskatoon. It often takes buying and selling houses in Saskatoon several times to get into your dream home, not from your starter home in Saskatoon to your dream home in Saskatoon in one leap.

Some people think it is cheaper to rent than buy a house for sale in Saskatoon. If you do the math and you spend an average of $900/month on rent that works out to be almost $11,000/year so if you ended up buying a house in Saskatoon and then having to put your Saskatoon house for sale in a year if you bought and sold for the same price you would more than likely break even.

If you are considering getting into the Saskatoon real estate market as a first time buyer in Saskatoon or you are new to Saskatoon give me a call. If you are thinking of listing your house for sale in Saskatoon contact me to discuss my marketing and my Saskatoon real estate services.

Kari Calder
Century 21 Conexus Realty Ltd
Saskatoon, Sk

One More Bridge Shut Down in Saskatoon-Great for Traffic!

Thursday, August 26th, 2010

After my last post I didn’t think I could complain much about the traffic in Saskatoon, but here I am! Apparently congestion on Saskatoon streets will get worse before it gets better. With another bridge closed indefinitely I am starting to advise my Saskatoon home buyers if they are looking at houses for sale in Saskatoon they may want to stay on the same side of the river as where they work!! Pretty sad when you are looking at houses for sale in Saskatoon that you have to depend it on the river as our average commute is probably about 15 minutes anywhere in the city.

The Saskatoon Star Phoenix has reported that the “Traffic Bridge” or, more commonly known as Victoria Bridge, has been closed indefinitely. Not only are they closing it to vehicles, they have now closed it to pedestrians. It is even in danger of collapsing under its own weight.

Saskatoon residents have made it clear that demolishing the bridge is not an option at several public open house sessions. In 2005 City Council approved a $700,000 fix which was intended to give another 20 years of life to the iconic bridge. It was a bandaid and the problems now being discovered run deeper than deficient truss systems.

This also affects one of our most popular summer events, the Fireworks Festival in Saskatoon for the Labour Day weekend. They will have to figure out where to send the fireworks from as, if they try to do it from another bridge, that will just further congest the city and make it less enjoyable to viewers. The show will go on…it is the after effects of the road delays that will frustrate the Saskatoon public even further.

Kari Calder
Saskatoon Realtor (r)
Century 21 Conexus Realty Ltd