I have listed a new property at 2105 Abbott ST in Regina. See details here
Location, location, location. This is a prime location for a possible future multi unit development being located next to amenities and services. Large corner lot with lane provides access on 3 sides. Current property is in good shape for rental with some newer laminate flooring and windows, furnace serviced and working, newer high efficient owned water heater. Contact agent for more details.
Greetings Friends,
I am pleased to be able to share my 2023 February Regina Real Estate Market Report!
New home prices in Canada dropped by 0.2 per cent month over month in January, according to Statistics Canada data released Wednesday.
In its latest New Housing Index report, StatCan said higher mortgage rates continued to put downward pressure on new house prices.
“Borrowing costs rose again in January, as the Bank of Canada increased the policy interest rate an additional 25 basis points, bringing it to 4.5%,” StatCan said.
StatCan noted the Canada Mortgage and Housing Corporation (CMHC) reported that 18.7 per cent more single-family homes had been completed but not sold in December 2022 compared with the same month in 2021.
In addition, the price of softwood lumber went down again in January, declining a total of 61.2 per cent since the high in March 2022, reducing builders’ construction costs.
These changes were felt by builders who reported deteriorating market conditions and decreased construction costs as the reasons for the decline in new home prices, StatCan said.
It also reported that Winnipeg (-1.3 per cent) recorded the largest decrease in new home prices last month, followed by Victoria (-1.1 per cent) and Kitchener-Cambridge-Waterloo, Ont. (-0.9 per cent).
In January, the Canadian Real Estate Association (CREA) predicted house prices could fall almost six per cent this year from 2022, which ended in a sluggish market as sellers and buyers sat on the sidelines.
The association’s forecast amounts to 495,858 properties changing hands in 2023 and is based on sales “more or less” stabilizing since the summer, “suggesting the downward adjustment to sales activity from rising interest rates and high uncertainty may be in the rear-view mirror.”
The same factors are also expected to put a damper on the average home price, which CREA said will reach $662,103 in 2023.
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!
I have listed a new property at 11 6585 Rochdale BLVD in Regina. See details here
Move in ready! Excellent location! Quiet end corner unit located on the second floor with lots of natural light. Located in a desirable residential neighbourhood within walking distance of the NW leisure center, Rochdale park, fitness facilities, shopping and many other amenities. This 2-bedroom unit offers two generous sized bedrooms with newer carpet in each. Other recent touches include updated lighting and modern paint tones. The home is self contained with in-suite laundry; updated high efficiency furnace/air conditioner to keep cool through the hottest summer days; and extra storage off balcony. Electricity for the assigned parking stall is controlled from within the unit. Newer shingles and siding installed on the building. Excellent for first time buyers or landlords. Owned by non-smoker. Contact the listing agent today to book your own private viewing.
Greetings Friends,
I am pleased to be able to share my 2023 January Regina Real Estate Market Report!
Canada’s housing market ended off a turbulent year with prices at a 22-month low. Canada’s average home price has once again decreased on a monthly basis to $626,318 for December 2022. This is the lowest it’s been since January 2021. That’s a decrease of 1% from last month and it’s 12% lower compared to last year’s average sold price in December 2021, as Canada’s housing market continues to feel the effect of rate hikes and slowing demand. Nationally, sales during the month of December 2022 are down 39% year-over-year to 21,840 transactions.
Canada’s MLS Benchmark Price, which measures the price of a “typical” home in Canada, was $717,000 in December 2022. That’s a 7.5% drop compared to last year. The benchmark price has fallen on a monthly basis since March 2022, which was when housing prices in Canada peaked. Since then, multiple Bank of Canada rate hikes have caused Canadian mortgage rates and prime rates to rise, while Canada’s inflation rate remains elevated.
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!
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 to be 100% accountable to you. In my latest blog post, I share the notification that I was selected as Regina's Best Top Real Estate Professional - 2022
James Wruth - Realtor / Remax Crown Real Estate, Congratulations!
The 2022 RankMyAgent R-Oscars are here! And we are proud to announce you are one of the Best of in Regina.
The public has left thousands of verified reviews on RankMyAgent (RMA) for professionals all over North America, and you have emerged as one of the most trusted and respected agents in Regina.
RankMyAgent knows just how hard you have been working. We are cheering you on and celebrating you. To highlight your success, you will see your badge added to your RMA profile and over the next few days we will be celebrating you by sharing your success across our network!
So from all of us here at RMA, congratulations on this incredible accomplishment. Keep collecting those reviews from your happy clients!
RankMyAgent (RMA) is always here in your corner.
Warmest wishes,
Riti and the RMA Team
P.S. - Over the next few days we will be celebrating your success.
Look out for mentions on our blog, social media, and other outlets.
If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest and candid advice, I will be an expert at your side. I am a Trusted Regina Realtor and a top REMAX Crown Real Estate Agent
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 to be 100% accountable to you. In my latest blog post, I provide some expert real estate tips that stand the test of time.
Since I started my career in real estate, the market has seen significant shifts. Over the last several years, many parts of the Country have seen a sellers’ market, complete with multiple and “bully” offers, and record-high prices. Of course, there was (and is) the pandemic, which did not have the expected cooling effect on the market. And now, in early 2023, we are seeing the repercussions of increasing inflation and a buyers’ market.
No matter what kind of market we are in, however, my essential tips remain the same.
1. Understand the market. You’ve seen it in the news. Canada's housing market is cooling. In Regina and Saskatchewan we didn't see the crazy market and price increases that impacted buyers in Toronto and Vancouver, so now may be a more favorable time for buyers than sellers. However, it’s equally important to bear in mind that property values do fluctuate over time.
2. Assess your finances and priorities. Ask yourself these important questions: How much can you afford for a down payment and mortgage? How is your credit score? How much responsibility are you comfortable with? Do you care more about equity or having the freedom to move?
3. Set a clear budget. Make sure to account for the extra costs that come with buying a home — such as legal fees, land transfer tax, and utility costs.
4. Choose a Regina Real Estate Expert you can trust!
If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest and candid advice, I will be an expert at your side. I am a Trusted Regina Realtor and a top REMAX Crown Real Estate Agent
I have listed a new property at 2268 McAra ST in Regina. See details here
Great location for Investment/rent or infill opportunity.
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 to be 100% accountable to you. In my latest blog post, I share information for new immigrants to Regina who may be seeking information about what is required to purchase a property in the Queen City!
First and foremost—congrats! Let me be the first to welcome you to this great province of ours!
The answer? YES! As a newcomer to Canada, you can buy a home, even if you have immigrated here very recently. Plus, new immigrants to Canada can often qualify for a mortgage, so long as all standard financial requirements are met.
Anyone in Canada who can afford the costs of homeownership is eligible to own a home. In fact, you do not have to be a resident or citizen to own a home.
You must abide by Canadian taxation and real estate laws.
Most Canadian banks and lenders are more than happy to work with newcomers, even if they don’t have an established Canadian credit history. Canada is actually one of a handful of countries in the world where non-residents can qualify for a mortgage—they can even be at the same interest rates as citizens. Some of the larger lenders and banks have dedicated newcomer mortgage programs to help you finance your first home, as they understand the challenges that you might face.
In Canada, most banks and mortgage lenders offer pre-approval, which is a process where you learn the maximum loan amount for which you can qualify. This process also helps you estimate your potential mortgage payments. Sometimes, lenders will even let you lock in a current interest rate for up to 4 months!
To get pre-approved for a mortgage, you normally have to provide information about your income, assets, debts, and current employment information.
After you submit this information, a lender will assess your application and either approve or refuse your request within about 5 business days. If approved, you can start shopping for a home in Saskatchewan that falls within your pre-approval value limits.
During this stage, you’ll likely want to enlist the help of an experienced Regina real estate agent. When you are ready to make an offer on your desired property they will help you navigate all of the paperwork and processes involved. Making an offer on a house in Saskatchewan generally involves a deposit. The deposit and the down payment are different. Homebuyers provide a deposit at the time of making an offer to demonstrate to the sellers that they’re serious buyers but be warned, you would generally lose your deposit if you walk away from the agreement before the sale is finalized.
The deposit amount is rolled into your down payment when you close on the house. The down payment is the total amount that you put down on your home in cash as part of the mortgage lending process- In Canada, the minimum down payment is 5% for properties up to $500,000, but some lenders may require more. When the purchase price is above $500,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion.
If you were pre-approved for a loan, you’ll continue working with your lender to get your mortgage formally approved. This normally happens within a few weeks. Your realtor will assist you with organizing your home inspection, signing any necessary paperwork, and finalizing your home purchase.
LAST STEP Enjoy your new home and I hope you enjoy living the Canadian dream in your new home
If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest and candid advice, I will be an expert at your side. I am a Trusted Regina Realtor and a top REMAX Crown Real Estate Agent
I have listed a new property at 28 Mackenzie CRES in Pilot Butte. See details here
Finishing touches are just wrapping up on this newly constructed home. Pictures will be updated once appliances are installed! Escape to the country in just 10 minutes to this gorgeous two storey, newly built home in Pilot Butte’s best new development – Discovery Ridge. Surrounded by nature, this 3 bedroom up, 3 bath home sits on a large lot with a nearby pond and walking trails. Step into this bright open concept home with wide plank laminate floors throughout, plenty of windows offering an abundance of natural light, a modern kitchen featuring two tone lower and upper cabinets, oversized island with undermount sink, to the ceiling tiled backsplash, chef's hood fan over the oven, separate built in microwave, soft close cabinets and drawers, corner pantry , designer lighting package and more. BONUS: Upgraded SS appliance package along with stacking washer and dryer included. The main level also features a two piece powder room , cozy living room with accented fireplace surround, high ceilings with potlights and direct access to the future deck. The second level features the master bedroom with a private 5 piece ensuite and walk in closet with built in shelving. 2 additional bedrooms, a main 4 piece bath and a laundry room complete the second level. The unfinished basement level is open for development, ready for your design ideas. Don't forget about the triple garage with high ceilings perfect for your vehicles and recreational toys!. 10 year SK NHW provided. For more information or to book a viewing, call listing agent today!
I have listed a new property at 2105 Abbott ST in Regina. See details here
Location, location, location. This is a prime location for a possible future multi unit development being located next to amenities and services. Large corner lot with lane provides access on 3 sides. Current property is in good shape for rental with some newer laminate flooring and windows, furnace serviced and working, newer high efficient owned water heater. Contact agent for more details.
I have listed a new property at 22 Mackenzie CRES in Pilot Butte. See details here
Escape to the country in just 10 minutes to this gorgeous 1815 sq ft two storey, newly built home in Pilot Butte’s best new development – Discovery Ridge. Surrounded by nature, this 3 bedroom up with bonus room, 3 bath home sits on a large lot with a nearby pond and walking trails. Step into this bright open concept home with wide plank laminate floors throughout, plenty of windows offering an abundance of natural light, a modern kitchen featuring oversized luxury quartz counter tops and island with undermount sink, to the ceiling tiled backsplash, chef's hood fan over the oven, separate built in microwave, soft close cabinets and drawers, corner pantry , designer lighting package and more. BONUS: Upgraded SS appliance package along with stacking washer and dryer included. The main level also features a two piece powder room , cozy living room with accented fireplace surround, high ceilings with potlights and direct access to the future deck. The second level features the master bedroom with a private 5 piece ensuite and walk in closet with built in shelving. 2 additional bedrooms, a bonus room , a main 4 piece bath and a laundry room complete the second level. The unfinished basement level is open for development, ready for your design ideas. Don't forget about the triple garage with high ceilings perfect for your vehicles and recreational toys!. 5 year SK NHW provided. For more information or to book a viewing, call listing agent today!
Greetings Friends,
I am pleased to be able to share my 2022 December Regina Real Estate Market Report!
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!
