October 2014 Prairie Economic Fundamentals

Ally

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Mar 24, 2009
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#2
Top 10 Towns in the West for Real Estate Investors





Welcome to Western Investor`s second pick of the top towns and cities in Western Canada where, in our opinion, real estate investors in both the commercial and residential sector have the best chance to profit. We compile this list every two years and our outlook is based on a two-year horizon, though many of these top markets should also perform long-term.





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Ally

Research Assistant
Registered
Mar 24, 2009
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Langley
#3
Home listings up 25% in Steinbach





The real estate market in Steinbach and area has undergone some changes this year. Peter Squire of the Multiple Listing Service says one of the key differences is that there are a lot more homes on the market.





"Sales are more or less keeping even with 2013 from January 1st to the end of September but listings are up 25%. They are nearing 800 compared to 632 last year. It's a big difference in terms of listings that have been entered in the Steinbach area this year compared to last year."





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Ally

Research Assistant
Registered
Mar 24, 2009
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Langley
#4
Saskatchewan's unemployment rate lowest among provinces, Regina sets new record





Go to the Prairies, young worker.





According to an Oct. 10 press release from the Government of Saskatchewan, Regina has the lowest unemployment rate among major Canadian cities at 2.8 per cent and Saskatoon has the second lowest at 4.2 per cent.





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Ally

Research Assistant
Registered
Mar 24, 2009
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Langley
#5
Saskatoon housing prices down slightly





The average price of a home in Saskatoon, Regina, and Calgary has more than doubled since 2005.





They are the only cities to do so, according to the Canadian Real Estate Association's numbers.








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Ally

Research Assistant
Registered
Mar 24, 2009
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Langley
#6
Housing market continues to slow in Winnipeg





Winnipeg house prices continued to moderate in the third quarter of this year as an abundant supply of homes for sale put a damper on price increases for two of the three most popular types of homes, according to a new national survey by Royal LePage.





The national real estate company said the average selling price for a standard bungalow was up only 0.5 per cent from a year ago, climbing to $308,706. And the average price for a standard two-storey home declined by 1.4 per cent to $341,863.





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Ally

Research Assistant
Registered
Mar 24, 2009
16,745
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Langley
#7
Saskatchewan leads job creation





Saskatchewan is leading the nation in job creation with the fastest rate of employment growth and the lowest unemployment rate in Canada.






`Having a growing and robust economy has had a huge impact on the job front,` Minister responsible for Immigration, Jobs, Skills and Training Jeremy Harrison said. `It is no surprise that Saskatchewan`s job growth rate is the best in the nation now, providing more employment opportunities to support and sustain strong economic momentum.`





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Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#8
Saskatchewan commercial real estate still in demand





Saskatoon and Regina continue to entice commercial investors to the province looking to develop land.





"Across Saskatchewan, commercial land sales for future development are continuing to show strong demand from investors, and are being quickly absorbed by purchasers," says the latest Re/Max Commercial Investor Report.





Read the full article here.