Lynne Bobyck - Blog

December Sales break the 200-mark for the first time

lynne.bobyck@century21.ca — Fri, 03 Feb 2012 00:00:00 GMT

Several new highs were set in December 2011 compared to a year ago, based on reports through the Association of Regina REALTORS® MLS® System.

Sales were up 22% - from 185 to 225
Sales in the city were up 14% - from 166 to 190
Average sale price was up 9% - from $250,564 to $273,919
Average sale price in the city was up 13% - from $252,569 to $285,326
New listings in December were up 15% - from 205 to 236

The activity in December is consistent with what has happened throughout the year, making 2011 one of the best years for the Regina real estate market.

Tax Break for First Time Home Buyers

lynne.bobyck@century21.ca — Tue, 03 Jan 2012 00:00:00 GMT

The Government of Saskatchewan announced that a new tax credit will take effect on January 1, 2012. First-time home buyers in Saskatchewan that are eligible for the government's new tax break will receive a non-refundable income tax credit of up to $1,100. As well, persons with disabilites purchasing a more accessible home can access the tax credit even if it is not their first home.

As reported in the Leader Post, Regina is experiencing a shortage of rental properties and has one of the lowest vacancy rates for rental properties among major Canadian cities. With the shortage of rental housing, rents are rising in the Queen City.

If you're planning a move or looking for your first home, check out our website. We have highly trained professionals that can help you with all your real estate needs.

Season's Greetings

lynne.bobyck@century21.ca — Tue, 20 Dec 2011 00:00:00 GMT

We'd like to wish you a Happy Holiday Season and the very best in the New Year!