Home sales in Saskatoon were up 8 per cent year-over-year in October, especially at the start of the month as buyers raced to beat the new mortgage rules introduced by the federal government.
Listings were down though, tightening the city’s inventory to 11 per cent below October 2015. It meant that 97 per cent of sellers were able to achieve their asking price.
Jason Yochim, CEO of the Saskatoon Region Association of Realtors says that the rise in sales “is a very positive change and speaks to consumer confidence in our market.”
However, he is cautious about the months ahead due to the change in rules.
“There is no doubt that the recent federal change for homebuyers qualifying for a mortgage will further impact our market with an average price of $350,000” comments Yochim. “It has yet to be seen how much the impact will be.”
MBN
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- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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