Current Indicator
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April 2013The market continues to perform, but the pace of gains has slowed somewhat, partly due to regulatory changes. That seems to be the lay of the land across most provinces. Sales and prices both appear stable in most regions, with some notable and well-documented exceptions. We've seen some strange calendar effects of late, so be sure to take those into account as well. New Listings in Regina Areas 1–5 were up 22.0 percent to 516. Firm Sales decreased 19.8 percent to 280. Inventory grew 27.3 percent to 722 units. Prices moved higher as the Median Sales Price was up 2.0 percent to $305,000. Days on Market increased 30 4 percent to 30 days Months Supply of Inventory was up 62.5 percent to 2.6 months, indicating that supply increased relative to demand. Elsewhere in the economy, Parliament continues to focus on pro-growth policies and balancing the budget. In particular, a skills training initiative appears to be an important step to secure a competitive role in the global economy. In turn, of course, that should increase the rate of household formations, which generates additional housing demand. Fortunately, interest rates also remain attractive for buyers. It's all connected, isn't it?
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