Comments on: 2007 a Good Year For Canadian Real Estate http://www.therealestatebloggers.com/2008/01/16/2007-a-good-year-for-canadian-real-estate/ Real Estate Blog, Mortgage, and Development News Wed, 17 Mar 2010 08:05:23 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Jim http://www.therealestatebloggers.com/2008/01/16/2007-a-good-year-for-canadian-real-estate/comment-page-1/#comment-200333 Jim Fri, 25 Apr 2008 18:18:26 +0000 http://www.therealestatebloggers.com/2008/01/16/2007-a-good-year-for-canadian-real-estate/#comment-200333 I think this site needs an update with a link to the Royale LePage survey, that updates these values. Saskatoon is up again, and likely has seen values peak. As well, the number of listings in Saskatoon has increased dramatically recently, likely owners and investors trying to cash out at the top. Interestingly, Saskatoon is now more expensive than Edmonton. Regina may still have some room to increase property values, being the headquarters to as many companies as Saskatoon, more of an agriculture centre, close to the Bakken field/a supply centre to Estevan and the south east, but Saskatoon, with its lower wages (than Regina or Edmonton) has likely peaked. I think we'll see prices there stabilize, if not drop the same 5% or so that Edmonton did. There is really no reason for prices to increase further, as with the recent real estate boom, prices now exceed that of comparable cities. Above, it has Saskatoon at $255, when http://www.royallepage.ca/CMSTemplates/AboutUs/Company/CompanyTemplate.aspx?id=1746 would suggest actual prices are nearer $340, 000 now in Saskatoon. The Royale LePage link is interesting. I would recommend a quick look at it. I think this site needs an update with a link to the Royale LePage survey, that updates these values.
Saskatoon is up again, and likely has seen values peak.
As well, the number of listings in Saskatoon has increased dramatically recently, likely owners and investors trying to cash out at the top.

Interestingly, Saskatoon is now more expensive than Edmonton. Regina may still have some room to increase property values, being the headquarters to as many companies as Saskatoon, more of an agriculture centre, close to the Bakken field/a supply centre to Estevan and the south east, but Saskatoon, with its lower wages (than Regina or Edmonton) has likely peaked. I think we’ll see prices there stabilize, if not drop the same 5% or so that Edmonton did. There is really no reason for prices to increase further, as with the recent real estate boom, prices now exceed that of comparable cities. Above, it has Saskatoon at $255, when http://www.royallepage.ca/CMSTemplates/AboutUs/Company/CompanyTemplate.aspx?id=1746
would suggest actual prices are nearer $340, 000 now in Saskatoon. The Royale LePage link is interesting. I would recommend a quick look at it.

]]> By: West Toronto Realtor http://www.therealestatebloggers.com/2008/01/16/2007-a-good-year-for-canadian-real-estate/comment-page-1/#comment-169507 West Toronto Realtor Wed, 20 Feb 2008 09:13:01 +0000 http://www.therealestatebloggers.com/2008/01/16/2007-a-good-year-for-canadian-real-estate/#comment-169507 As a <a href="http://westtorontorealtor.com" rel="nofollow">West Toronto Realtor</a>, I cannot agree with TheMightyQuinn, there are a lot of other factors, not only the olympics. Even if this year was good for the Canadian real estate market, I´m expecting, that prices will increase in 2008 because of an impact of U.S. real estate market crisis. I know that the situation we have here in Canada is very different to the U.S., but in my opinion there is still a strong connection between our two markets. As a West Toronto Realtor, I cannot agree with TheMightyQuinn, there are a lot of other factors, not only the olympics. Even if this year was good for the Canadian real estate market, I´m expecting, that prices will increase in 2008 because of an impact of U.S. real estate market crisis. I know that the situation we have here in Canada is very different to the U.S., but in my opinion there is still a strong connection between our two markets.

]]> By: TheMightyQuinn http://www.therealestatebloggers.com/2008/01/16/2007-a-good-year-for-canadian-real-estate/comment-page-1/#comment-145312 TheMightyQuinn Thu, 17 Jan 2008 23:23:12 +0000 http://www.therealestatebloggers.com/2008/01/16/2007-a-good-year-for-canadian-real-estate/#comment-145312 "what drives Vancouver’s median price to be more than $160,000 higher than the next two most expensive cities (Calgaray, Toronto)??" Everyone knows--the olympics! “what drives Vancouver’s median price to be more than $160,000 higher than the next two most expensive cities (Calgaray, Toronto)??”

Everyone knows–the olympics!

]]> By: Sharky http://www.therealestatebloggers.com/2008/01/16/2007-a-good-year-for-canadian-real-estate/comment-page-1/#comment-144901 Sharky Wed, 16 Jan 2008 23:13:46 +0000 http://www.therealestatebloggers.com/2008/01/16/2007-a-good-year-for-canadian-real-estate/#comment-144901 Other than its location/beautiful surroundings, what drives Vancouver's median price to be more than $160,000 higher than the next two most expensive cities (Calgaray, Toronto)?? Other than its location/beautiful surroundings, what drives Vancouver’s median price to be more than $160,000 higher than the next two most expensive cities (Calgaray, Toronto)??

]]> By: Joe P http://www.therealestatebloggers.com/2008/01/16/2007-a-good-year-for-canadian-real-estate/comment-page-1/#comment-144797 Joe P Wed, 16 Jan 2008 17:40:54 +0000 http://www.therealestatebloggers.com/2008/01/16/2007-a-good-year-for-canadian-real-estate/#comment-144797 Beautiful country- COOOOOOLD weather. Beautiful country- COOOOOOLD weather.

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