Saskatoon Real Estate

The Capital Theatre in Saskatoon will be closing down for good in less than two weeks.  A Regina based real estate investment company has recently purchased the property but hasn’t indicated what they will be doing with it yet.  The Capital Theatre has slowly been pushed to the side due to the newer and larger Galaxy theatre just down the road.  The Galaxy Theatre is a multi screen complex with state of the art sound systems and new seating.  One of the other reasons that the Capital Theatre has been struggling is that they have had a hard time getting new releases the same time that their competitors are.  Approximately 15 people will be losing their jobs due to the closure.  If you have ties to the Capital Theatre be sure to visit there in the last two weeks as after that it will be gone!

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

For those of you who have never experienced an evening in a drive-in theatre, you will still have a chance to this year.  The Sundown Drive-In theatre located east of Saskatoon at Highway 5 and 41 will remain open for at least one more year according to the owners.  Last year the owners of the theatre announced that someone had purchased the land and they would be closing down the theatre.  The deal has fallen apart and the owners have decided to keep the theatre open for at least one more summer.

Drive-In Theatre’s are something of the past but for many of us they provide great memories of when we were growing up.  I definitely plan to attend the drive-in this summer as it is something a bit different which is always enjoyable.  I definitely encourage anyone from Saskatoonor the surrounding area to visit the Sundown Drive-In this summer if you have never had a change to visit before.  After this summer it could be gone!  For more information on this story be sure to read the article in the Star Phoenix.

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

The city of Saskatoon is currently evaluating at increasing parking an additional .50 cents an hour.  This would double the current rate and generate an estimated additional $1.3 million dollars of revenue for the city.  The city of Saskatoon is going through a major change.  Our city is experiencing a huge growth phase which can be seen in many different areas.  The Saskatoon real estate market is the hottest market in Canada.  The Saskatoon unemployment rate is at the lowest it has ever been.  All of this means that our city is growing and as a result the cost of living will go up.  Parking is one of the many things us as residents of Saskatoon will start seeing.  Even though Saskatoon is one of the fastest growing cities in Canada we are still pretty fortunate as our real estate market is still affordable compared to cities like Calgary and Vancouver.  To give you an idea parking in Vancouver is $2.00 an hour in most places but can be as much as $2.00 for 30 minutes in some places.  When you look at other large cities we are still doing okay!

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