Courtesy Regina Leader Post
Regina's resale real estate market is holding up better than those in many other Canadian cities, according to a Conference Board of Canada report released Friday.
The report for the month of July rated Regina as a buyer's market right now, with the potential for prices to rises by five to seven per cent in year-over-year comparisons in upcoming months.
"Regina is doing not too badly,'' said Robin Wiebe, a senior economist with the Conference Board.
The moderately good report on Regina was in contrast to a pessimistic analysis for some other markets across Canada.
Softening markets could "weigh on prices,'' the report said.
"The emerging slowdown in resale markets worsened in July,'' the report said.
The report said the Saskatoon resale market is "balanced.'' But there is potential for price increases in Saskatoon, the report said.