• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Martin Charlton Communications

We tell your stories

  • Home
  • What we do
    • Government Relations
    • Communications
      • Communications planning
      • Content Marketing
      • Crisis communications
      • Issues management
      • Fractional communications
      • Podcasts
    • Digital and social media
    • Event management
    • Media
      • Media relations
      • Media training
    • Newsroom
  • Who we are
    • Our team
  • Blog
  • My Newsroom
  • Contact
  • (306) 584-1000

Housing market catching up

Martin Charlton / May 10, 2019

Those in the residential real estate market these days are finding a tale of two cities. On one side, builders and those trying to sell properties are feeling the pinch of excess inventory and price pressure. On the other side, buyers are in charge with plenty to pick from, easing interest rates and motivated sellers.

We’ve been battling this market for a couple years now, but there are signs that the bottom is near, if not behind us.

One sign comes from CMHC. It shows new inventory continuing to grow. In April, there were 363 new units completed. Last year in the same month it was 450. So, builders are reducing their output. New starts this year are also down compared to a year ago, so the inventory will begin to recede.

And we’re seeing it in pricing too. A report on the cost of building a new home in Regina did not change last month, while in Saskatoon it fell one-tenth of point. This also suggests the market is starting to find some stability.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Twitter (Opens in new window)

Filed Under: CMHC, home builders, home buyers, Housing, Paul Martin Saskatchewan, Regina, Saskatchewan, Saskatoon

Martin Charlton

Primary Sidebar

The latest news in your inbox

Receive email updates from MyNewsroom and Martin Charlton Communications, including daily Paul Martin Commentaries.

Sign up

Recent posts

  • Message and Media Training 101: World leaders caught at NATO event.
  • What we can learn from the Biden campaign’s failure to purchase a domain name.
  • How NOT to handle a crisis
  • Economic forecast isn’t pretty
  • Do debates matter?

Footer

Our work supports the success of our clients again and again by telling their stories to connect to people and to inspire action.

hello@martincharlton.ca
(306) 584-1000

CONNECT WITH US

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

© 2019 · Martin Charlton Communications