Testimonials / Real Estate News

Testimonials

Thomas always has patience to show us houses and explain every details to us. He will call sometimes to make sure we get everything okay. Nice to have him as our salesperson, and thank you so much. We all appreciate what he has done! - Lai/Liu, Regina SK

 

Thomas Wong is an outstanding agent/person. He is professional and confident which made it possible for us to trust him completely. So we could take care of other issue knowing that the sale of our home was in capable hands. - L. & J. Coppens,Regina SK

 

It was truely a pleasure dealing with Thomas, his patience was unbelievable. His help in finding our ideal home is greatly appreciated. - E. Carlson, Regina SK

 

Thank you for making the process of buying our first home so worry free. Your knowledge and professionalism is much appreciated. We will definitely pass your name along to anyone we know who is looking for a real estate agent. Thanks again. - D. & M. McPherson, Regina SK

 

Thomas Wong went out of his way to inform me of the house I eventually bought. He was incredibly pleasant to work with. This is my first experience in buying a home and it was very smoothly done. I was treated professionally and kindly. For that I am grateful. - L. Murray, Regina SK

 

Thomas was an excellent agent who spent a lot of time helping us find the perfect home. Thank you. - K. Sayavong, Regina SK

 

 

Real Estate News 

SPRING BUYERS CREATE HIGHEST LEVEL OF SALES IN 2014

After a slow start for the first four months of the year, buyers coming into the market in May caused sales to surge to their highest level in 2014 although the supply of listings on the market remains high, based on reports through the Association of Regina REALTORS® Inc MLS® System.

Statistics for May 2014 compared to May 2013:

  • There were 421 sales during the month, the exact number reported for the month in 2013
  • Active Listings at the end of May increased 33% – from 1,679 to 2,212. In the city, an increase of 40% from 961 to 1,342. This is the highest number of homes for sale at the end of May in the past ten years.
  • In May, there were 913 new listings, down 2% from 932 in 2013

For May, the MLS® Home Price Index (HPI) which is a much more accurate measure of housing price trends than the average price – reported a composite residential price of $305,000 and index of 280.8 for the city. These are down 0.7% from last year’s levels of $307,300 and 282.9. This indicates that residential property values have actually declined in Regina over the past year. The decrease is evident in all housing types except apartment condos which were up 1.9%. The HPI measures residential price trends based on four benchmark home types.

The number of sales taking place in April and May has helped to absorb some of the active supply of listings on the market and maintain balanced conditions. Despite this, the number of homes for sale in the city is at a ten-year high. This is keeping selling prices in check - in fact, the Home Price Index is showing slight declines in the past year primarily due to the rising supply of homes on the market.

The supply of listings for sale has grown, bringing the number of homes on the market to a level not seen in recent years. This is offering choice to buyers in almost all price ranges and locations.

If you’re thinking about moving, perhaps it’s time to talk me. Please call me at 306-992-5955 or email me at thomas@thomaswong.ca. I can provide you with the assistance you may need.

 

Tax Break for First-time Home Buyers

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, please call me and I will help you every steps of the way to find your special home.

 

Thomas Wong

Thomas Wong

REALTOR®
CENTURY 21 Dome Realty Inc.
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