May home sales in Regina see year-over-year decrease, report says
Regina saw an eight percent decrease in home sales in May 2023 compared to the same time one year ago, a report from Saskatchewan Realtors Association (SRA) says.
There was 418 sales reported in May in the Queen City, with a benchmark price of $316,000, up from $311,200 reported in April.
“Although sales eased on a year-over-year basis, they remain far higher than the 10-year average and pre-pandemic levels,” the report said.
Inventory levels are “well below” what is traditionally available in May, SRA said.
Adjustments in new listings resulted in annual inventory gains in the Moose Jaw, Swift Current, Yorkton and Melville regions, the report said.
Provincially there were 1,736 sales recorded across all of Saskatchewan, which represents a four percent year-over-year decline, SRA said.
Sales levels were still 20 percent above long-term, 10-year averages, the report said.
Province wide the average home price was $329,600 in May, according to the report.
Saskatoon saw 538 sales in May which was nearly identical to May of 2022.
The benchmark price in Saskatchewan’s largest centre was $380,100 in May, which the SRA said represents a monthly gain of almost two percent.
CTVNews.ca Top Stories
McGill University seeks emergency injunction to dismantle pro-Palestinian encampment
McGill University has filed a request for an injunction to have the pro-Palestinian encampment removed from its campus.
'State or state-sponsored actor' believed to be behind B.C. government hacks
The head of British Columbia’s civil service has revealed that a “state or state-sponsored actor” is behind multiple cyber-security incidents against provincial government networks.
Spectacular aurora light show to be seen across Canada Friday night
A rare and severe solar storm is expected to bring spectacular displays of the northern lights, also known as aurora borealis, across much of Canada and parts of the United States on Friday night.
Which Canadian cities have the highest and lowest grocery prices?
Where you live plays a big factor in what you pay at the grocery store. And while it's no secret the same item may have a different price depending on the store, city or province, we wanted to see just how big the differences are, and why.
Swarm of 20,000 bees gather around woman’s car west of Toronto
A swarm of roughly 20,000 bees gathered around a woman’s car in the parking lot of Burlington Centre.
U.S. says Israel's use of U.S. arms likely violated international law, but evidence is incomplete
The Biden administration said Israel's use of U.S.-provided weapons in Gaza likely violated international humanitarian law but wartime conditions prevented U.S. officials from determining that for certain in specific airstrikes.
Barron Trump declines to serve as an RNC delegate
Former U.S. President Donald Trump's youngest son, Barron Trump, has declined to serve as a delegate at this summer’s Republican National Convention, according to a senior Trump campaign adviser and a statement from Melania Trump's office.
Mother assaulted by stranger while breastfeeding baby in her car: Vancouver police
A person was arrested in East Vancouver Thursday after allegedly entering a car while a mother was breastfeeding her four-month-old boy.
'We have laws': Premier Smith says police action justified in Calgary
The actions, including the decision to use non-lethal force, to disperse pro-Palestinian protesters from the University of Calgary campus were justified, Alberta Premier Danielle Smith said Friday.