CLOSE BUT NO CIGAR
How quickly things change.
Last month we noted the provincial government's commitment to fixing the property tax. This month
we note the likely postponement of the fix - and reasons why it should go ahead.
REALTORS® have always advocated a realistic two-pronged reform program: roll back the school
property tax and put a limit on it. Tackle the municipal property ...
Posted by Pauline Relkey
on February 27, 2009
Last October's meltdown on Wall Street sent a jolt through the world. Some of the blame has rubbed
off on the real estate industry.
Some pundits seem to think strong house prices are a bad thing. They are not. Real property is most
families' biggest asset. We are never in trouble when wealth is widely distributed.
Good intentions, bad results
What got the Americans into mortgage ...
Posted by Pauline Relkey
on February 27, 2009
Yes I guess it is official. November Regina MLS stats show the average price has dropped a few dollars - $352 to be exact from October 08. But we are still higher than Nov. 07 prices.
It is not unusual anymore to see listings on the market for months. It is a waiting game. I do see the stats of active listings decreasing daily, so hang in there sellers. We had a ...
Posted by Pauline Relkey
on February 27, 2009
2008 MARKS SOLID YEAR FOR REAL ESTATE MARKET
Despite a decrease from the record-setting pace set in the previous year, 2008 marked a very solid
year for sales through the Regina and area MLS® while setting new highs in some key measurement
categories, said the Association of Regina REALTORS® Inc.
There were 2,812 residential properties sold inside the city during the ...
Posted by Pauline Relkey
on February 27, 2009
Our 'normal' market in past years would have an average of 400-500 listings for sale in the city of Regina.
In 2008 we actually hit a high of 1200 listings at one point.
December 2008 we were at 750 listings (slower time of year, some sellers took their property off the market, some sold, some expired - contract was done and property didn't sell).
January 2, 2009 we had 762 listings.
Today ...
Posted by Pauline Relkey
on February 27, 2009
Average price Jan 2009 for houses, condos, farms, multi-family, commercial $213,416. Dec. 2008 $248,692.
Average price for houses Jan 2009 $221,762. Dec. 2008 $231,197.
Average price for condos Jan. 2009 $178,519 Dec. 2008 $216,856.
December 2008 total dollars was up by 9% from ...
Posted by Pauline Relkey
on February 27, 2009
Healthy Humidity and Your Home
See my note in red below. RISMEDIA, February 24, 2009-Winter generally brings very low humidity to our homes and the extreme dryness can cause health and other problems. Here, we discuss some ideas on how to combat both low and high humidity in your home.
We feel the most comfortable when our home's humidity level is between 35-50%. Keeping your home at the correct ...
Posted by Pauline Relkey
on February 24, 2009
"We've been roaring. Now we're calming down to a purr."
Predicting resale home prices in Regina to stabilize at $228,000 in 2009 and increase next year to $235,000.
Average rents expected to increase from $756 per month to $856 in 2009.
http://www.leaderpost.com/opinion/Regina%2Bhousing%2Bmarket%2Bcalming%2Bdown/1307461/story.html
Posted by Pauline Relkey
on February 21, 2009
Check out a National Post article.
http://www.leaderpost.com/business/fp/home+prices+decline/1277273/story.html
Posted by Pauline Relkey
on February 21, 2009
Whether for your own home or rentals or multi-unit homes, you might qualify for a rebate. Check out the site below from the Sask. Watershed Authority.
http://www.swa.ca/WaterConservation/ToiletRebateProgram/Default.asp
Posted by Pauline Relkey
on February 21, 2009