Greetings Friends,

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


August 2022 Monthly Housing Market Trends Report




How Does This Compare to National Data? 

As a consequence of the Bank of Canada’s rate hikes, the Canadian housing market is on the verge of a cliff, as rapidly rising mortgage rates threaten the stability of Canadian home values. The average home price in Canada was $629,971 in July 2022, a decrease of 5% from the previous year and 5% from the previous month. This is a stunning turnaround from the extraordinary price rises seen earlier in the year when a new record was reached in February of 2022. Canada’s average home price has decreased for the sixth consecutive month. Compared to the peak of $816,720 in February 2022, the average sales price in Canada has decreased by 23%. In the previous five months, the average Canadian home price has plummeted by 23%, or around $190,000. However, the MLS Benchmark Price continues to increase annually. In July 2022, the national average home price in Canada increased by 7% year-over-year to $782,300 but fell by 3% month-over-month.


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Greetings Friends,


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


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! 








How Does This Compare to National Data? 

 

July 2022 Monthly Housing Market Trends Report


HIGHLIGHTS

  • National home sales fell by 5.6% on a month-over-month basis in June.

  • Actual (not seasonally adjusted) monthly activity came in 23.9% below the June record set in 2021.

  • The number of newly listed properties was up 4.1% month-over-month.

  • The MLS® Home Price Index (HPI) edged down 1.9% month-over-month but was still up 14.9% year-over-year. The actual (not seasonally adjusted) national average sale price posted a 1.8% year-over-year decline in June.


National Residential Statistics

Home sales recorded over Canadian MLS® Systems fell by 5.6% between May and June 2022. Although

larger declines were recorded in April and May, monthly activity has dropped to slightly below average levels for the month of June. (Chart A)


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Greetings friends,


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


I believe in personalized one-on-one service to fully understand you, your real estate goals and to be 100% accountable to you. I also 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! 







 
 

How Does This Compare to National Data? 

 

February 2022 Monthly Housing Market Trends Report

  • The national inventory of active listings declined by 24.5% over last year, while the total inventory of unsold homes, including pending listings, declined by 15.3%. The inventory of active listings was down 62.6% compared to 2020 before the onset of the COVID-19 pandemic.
  • Newly listed homes were down 0.5% nationally compared to a year ago, and down 0.7% for large metros over the past year. While annual new listings growth was on the verge of being positive, sellers still listed at rates 13.8% lower than typical 2017 to 2020 levels prior to the pandemic. 
  • The February national median listing price for active listings was $392,000, up 12.9% compared to last year and up 26.6% compared to February 2020. In large metros, median listing prices grew by 7.8% compared to last year, on average. 
  • Nationally, the typical home spent 47 days on the market in February, down 17 days from the same time last year and down 32 days from February 2020.




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