Saskatchewan real estate sales set record

Courtesy of: Saskatchewan News Network; Regina Leader-Post

Real-estate sales in Saskatchewan and several other provinces roared to life in December and set new monthly records, according to data released Friday by the Canadian Real Estate Association.

The report said the number of units sold in Saskatchewan increased by 22.5 per cent compared to December 2008.

The dollar value of sales in Saskatchewan was also up, by 33.5 per cent, in a 12-month December to December comparison.

Record sales levels were also recorded in December in Newfoundland and Labrador, Ontario, Quebec and New Brunswick, the report said.

"Sales activity in 2009 came in like a lamb and went out like a lion," said Dale Ripplinger, a Regina Realtor and the president of the Canadian Real Estate Association.

Low mortgage interest rates are among the factors likely to keep sales strong this year, Ripplinger said.

"It is a normal to strong market, but not wild," he added.

The data indicates the dollar value of sales in Saskatchewan was up 10.8 per cent during 2009. The number of units sold was also up, by 6.5 per cent.

While the growth in sales varied from community to community, Ripplinger said sales were generally up in communities across Saskatchewan.

Sales of homes nationwide were up 72 per cent in December, compared to December 2008.

Sales of homes across Canada were below 2008 levels at the end of September. But a surge of sales in the final three months of the year pushed total sales for 2009 above those for 2008.

Tyler Frederick

Tyler Frederick

REALTORĀ®
CENTURY 21 Fusion
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