I believe that relationships are more important than transactions. I started a career in real estate in 2006 with Remax Crown Real Estate In Regina, and since that time, I have built a Regina real estate business around that philosophy. My goal is to provide personalized one-on-one service to fully understand you and your real estate goals and be 100% accountable to you. My latest real estate tip concerns two recently announced Saskatchewan Government initiatives to tackle housing affordability in Saskatchewan. 

In a significant move to tackle housing affordability and revitalize the construction sector, the Government of Saskatchewan launched two new initiatives in the fall of 2023: the Provincial Sales Tax (PST) Rebate for New Home Construction and the Secondary Suite Incentive (SSI) grant program. These programs, aimed at providing substantial cost savings for homeowners, are anticipated to breathe new life into the housing market across the province. Let's delve into Saskatchewan's initiatives aimed at enhancing housing affordability.

The PST Rebate for New Home Construction

Recognizing the pivotal role of homeownership in wealth accumulation, Saskatchewan has rolled out the PST Rebate for New Home Construction. This program extends a rebate of up to 42% on the PST paid for newly constructed homes. Applicable to contracts signed or new housing starts after April 1, 2023, this rebate is a boon for prospective homeowners. Eligible homes priced below $550,000 (excluding land and certain costs) witness a sliding rebate percentage within the $450,000 to $550,000 range. Homeowners must occupy these new homes by April 1, 2026, and submit rebate applications by March 31, 2027.

The Secondary Suite Incentive Grant Program

As another innovative measure, the SSI grant program aims to incentivize homeowners to construct secondary suites in their primary residences. Offering a grant covering 35% of the construction cost (up to $35,000), this program seeks to alleviate mortgage burdens for homeowners while providing affordable rental options. The qualifying suite, whether in a basement, garden, laneway, or garage, must include essential amenities and comply with all relevant bylaws and standards.

Together, these programs have the potential to provide qualifying homeowners with up to $46,340 in savings, representing a significant stride toward making housing more affordable in Saskatchewan. The PST rebate eases the financial burden of purchasing new homes, while the SSI grant facilitates the creation of rental units, effectively addressing both housing affordability and rental availability concerns.

The Government of Saskatchewan acknowledges the challenges posed by the current economic climate and recognizes the necessity for targeted measures to support homeownership. By assisting homeowners and promoting construction, these programs not only enhance individual financial security but also contribute to the broader economic well-being of the province.

Eligibility and Application Process

Interested homeowners should take note that while the rebate program is already in effect, the SSI program will open for applications in January 2024, with more information forthcoming. Both programs ' comprehensive eligibility criteria and application details are available on their respective web pages. Saskatchewan's introduction of the PST Rebate for New Home Construction and the Secondary Suite Incentive grant program stands as a laudable effort to ensure housing affordability and spur the construction industry, setting a potential precedent for other regions grappling with similar challenges.

Partner with me; I'm a top Regina RE/MAX Agent and an experienced Trusted Regina REALTOR®. 

If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest advice, I will be an expert at your side. 

I believe that relationships are more important than transactions. I started a career in real estate in 2006 with Remax Crown Real Estate In Regina, and since that time, I have built a Regina real estate business around that philosophy. My goal is a personalized one-on-one service to fully understand you and your real estate goals and be 100% accountable to you. My latest real estate tip is a festive-focused one! 

As the winter season moves in, navigating the real estate market in Saskatchewan can present unique challenges. Here's a valuable tip from your Regina expert Realtor to help you make the most of this season when buying or selling your home:

Embrace Winter Curb Appeal 

While it's true that the vibrant colours of spring and summer might not be as prominent in December, there's a unique charm to a winter landscape that you can use to your advantage. Make your property stand out with these strategies:

Snow Removal: Remove your driveway, walkways, and entrance from snow and ice. Buyers will appreciate easy access to your home, showing you're diligent about maintenance.

Exterior Lighting: With shorter daylight hours, outdoor lighting becomes crucial. Consider adding some well-placed, tasteful lights to create a warm and inviting atmosphere during showings, especially in the evenings.

Winter-Ready Landscaping Highlight the beauty of your yard even in winter. Place potted evergreens, winter-blooming plants, or seasonal decorations near your entrance to create a welcoming first impression.

Comfort and Warmth When showing your home set a cozy and inviting atmosphere indoors. Use throw blankets, warm colours, and even a lit fireplace if available. Make potential buyers feel at home as soon as they step inside.

Clear Gutters and Downspouts Make sure your gutters are free of leaves and debris. This ensures proper drainage and prevents icicles from forming, which could deter potential buyers.

Heating and Insulation Highlight the energy efficiency and effectiveness of your home's heating system. A warm and comfortable home is a major selling point during the chilly Saskatchewan winter.

Staging: Emphasize Space  With holiday decorations, it's easy for homes to feel cluttered. Keep your decorations tasteful and minimal so potential buyers can appreciate the space.

Flexible Showings  Be accommodating with your showing schedule. With the holidays and potential weather disruptions, it might be necessary to be flexible with showing times.

Selling or buying a home in December in Regina, Saskatchewan, can be a unique and rewarding experience. The key is to embrace the season and use it to your advantage. By following these tips, you can make the most of the winter real estate market and find the perfect home or buyer for your property. 

Partner with me; I'm a top Regina RE/MAX Agent and an experienced Trusted Regina REALTOR®. 

If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest advice, I will be an expert at your side. 

I believe that relationships are more important than transactions. I started a career in real estate in 2006 with Remax Crown Real Estate In Regina, and since that time, I have built a Regina real estate business around that philosophy. My goal is a personalized one-on-one service to fully understand you and your real estate goals and be 100% accountable to you. My latest real estate tip subject is regarding the importance of curb appeal.

When it comes to real estate, the first impression is often the lasting one. The exterior of a property plays a pivotal role in forming that initial impression. This is where the concept of "curb appeal" comes into play. Curb appeal refers to the aesthetic attractiveness of a property as viewed from the street, and it can significantly impact a property's value and desirability. This blog will explore the importance of exterior curb appeal in real estate and why it matters to homeowners and sellers.

First Impressions Matter

As the saying goes, "You never get a second chance to make a first impression." This holds true in real estate. When potential buyers or renters approach a property, their first impression is based on what they see from the curb. A well-maintained and visually appealing exterior can create a positive viewing experience.

Increased Property Value

Properties with strong curb appeal are often perceived as more valuable. Homes and commercial buildings with attractive exteriors tend to command higher prices in the real estate market. This increased perceived value can result in a higher resale price or rental income.

Faster Sale

Properties with curb appeal are more likely to sell or rent quickly. A beautiful exterior can attract more potential buyers or renters, increasing the chances of a successful transaction. In contrast, a neglected exterior may discourage interest, prolonging the selling or renting process.

Enhanced Marketability

When it comes to marketing a property, striking photographs of the exterior can be a powerful tool. These images are often the first thing potential buyers or renters see when browsing online listings. An appealing exterior can grab their attention and entice them to explore further.

Attracts a Wider Audience

Curb appeal can make a property more appealing to a broader audience. It's not just about attracting buyers or renters; it's also about appealing to their emotions and lifestyle aspirations. A well-kept exterior can resonate with a wide range of potential occupants.

A Sense of Pride

For homeowners, enhancing the curb appeal of their property is not only an investment in its market value but also a source of personal pride. A beautiful exterior can provide a sense of accomplishment and a feeling of satisfaction in owning a well-maintained property.

Environmental Benefits

Landscaping and exterior improvements can also have environmental benefits. Properly designed and maintained landscapes can help with temperature regulation, reduce energy consumption, and promote biodiversity.

In the world of real estate,  curb appeal is not just about making a property look pretty; it's about making a property more valuable, marketable, and desirable. Whether you're a homeowner looking to enjoy your dwelling or a seller aiming to maximize your return on investment, taking the time and effort to enhance your property's exterior can have a significant impact. So, next time you drive by a property with exceptional curb appeal, remember there's more to it than meets the eye – value, marketability, and pride in every detail.

Partner with me; I'm a top Regina RE/MAX Agent and an experienced Trusted Regina REALTOR®. 

If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest advice, I will be an expert at your side. 

I believe that relationships are more important than transactions. I started a career in real estate in 2006 with Remax Crown Real Estate In Regina, and since that time, I have built a Regina real estate business around that philosophy. My goal is a personalized one-on-one service to fully understand you and your real estate goals and be 100% accountable to you. In my latest blog post, I provide expert real estate tips on the Trusted Regina Real Estate Show!

Trusted Regina Talk To The Real Estate Experts Show - Part 1  

Part one of the TRUSTED REGINA REAL ESTATE EXPERTS SHOW aired on 980 CJME on March 25th, 2023 - the show answered many real estate-related questions, and it featured three Trusted Regina Real Estate professionals as guests, including myself, as the Trusted Regina Realtor. 

Also featured were:

Robert Mackay, a Trusted Regina Real Estate Lawyer at MacKay & McLean Barristers & Solicitors

Ryan Boughen, a Trusted Regina Mortgage Broker, a TMG Mortgage Broker 

Working with an experienced Regina realtor can make the real estate process more efficient, less stressful, and ultimately more successful.

Partner with me; I’m a top Regina RE/MAX Agent and an experienced Regina REALTOR®. 

If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest advice, I will be an expert at your side. I am a Trusted Regina Realtor and a top REMAX Crown Real Estate Agent.

Greetings Friends,

I am pleased to be able to share my 2022 December Regina Real Estate Market Report! 

DECEMBER 2022 Monthly Housing Market Trends Report

How Does This Compare to National Data? 

 

Average Canadian house price fell 12% last year, new CREA numbers show

The average price of a Canadian home that sold in December was $626,318, a decline of more than 12 per cent from where it was the same month a year ago.

The Canadian Real Estate Association, which represents more than 150,000 realtors across the country, released new numbers about the country's housing market on Monday, showing that the number of homes sold and the prices they fetched were both sharply lower in December than they were the same month a year earlier.

Sales fell by more than 39 per cent from December 2021's level. And prices were also well down from an average of $713,500 at the end of 2021, and a peak of $816,720 reached in February 2022, before the Bank of Canada started aggressively raising lending rates.

The realtor group says the average selling price can be misleading since it is easily skewed by sales of expensive homes in places like Toronto and Vancouver. So it tabulates a different number — known as the House Price Index — that adjusts for the volume and type of housing sold.

The HPI was down by 13 per cent from its peak last year, with Ontario and British Columbia seeing the biggest declines, while just about everywhere else saw either small declines or even slight increases in some cases.

 

 

I believe in personalized one-on-one service to fully understand you, and your real estate goals and I commit to being 100% accountable to you. I want to bring value before, during and after the sale of your home!  If you are looking for a real estate agent who works tirelessly on your behalf and always offers honest and candid advice, please contact me today!