Regina realtors seeing 'pullback' in home sales, association says
Housing supply levels are at their lowest point in Regina in the past decade, according to the Saskatchewan Realtors Association (SRA).
There were 631 home sales recorded across Saskatchewan in January, which is a decline of 16 per cent year-over-year, the SRA explained in its latest update on market conditions.
Of those sales, 134 were in Regina, which was slightly below long-term trends.
“Rising lending rates paired with ongoing inflationary pressures are impacting what individuals can afford, and our market has struggled to see improvements in supply levels in lower-priced homes,” SRA CEO Chris Guérette said in a news release.
“Prospective buyers impacted by rate hikes are also faced with less choice in the more affordable segment of our market. Without question, these factors are contributing to a pullback in sales activity.”
With only 287 new listings in the Queen City, housing supply levels are at their lowest point since 2010.
The majority of the inventory decline is being driven by homes priced below $300,000, according to the SRA.
Provincially, homes priced over $300,000 did experience an inventory boost but did little to lessen the overall inventory situation across Saskatchewan.
The benchmark price of a home in Regina was reported as $312,200 in January.
This is down one per cent from the same time last year and significantly above the January 2021 benchmark of $291,300.
CTVNews.ca Top Stories
Han Dong resigns from Liberal caucus amid foreign interference allegations
Han Dong has announced he will be sitting as an independent MP after being the subject of foreign interference allegations.
Former prime minister Stephen Harper says Canada needs a 'Conservative renaissance'
Canada needs a 'Conservative renaissance,' former prime minister Stephen Harper said Wednesday, but he cautioned that Pierre Poilievre should wait until an election before telling Canadians how he might run the country.
Biden is coming to Canada: Here's what we know about his visit
U.S. President Joe Biden is coming to Canada Thursday evening, kicking off his short but long-awaited overnight official visit to Canada. Here's what CTV News has confirmed about what will be on the agenda, and what key players are saying about the upcoming visit.
Canada's relationship with the U.S. needed rebuilding post-Trump says Ambassador Hillman
Canada's Ambassador to the U.S. Kirsten Hillman says the country’s relationship with its American counterparts required rebuilding after the Trump administration.
WeightWatchers appears set to close dozens of Canadian locations Sunday
WW International appears set to close dozens of its roughly 118 WeightWatchers locations across Canada on March 26 in what may be part of a restructuring strategy.
Police find 2 more bodies at site of Old Montreal fire; first victim identified
The death toll from last week's massive fire in Old Montreal has risen to four, Montreal police confirmed. Julien Levesque, a police spokesperson, said Wednesday evening that two more bodies were retrieved from the historic building that went up in flames last Thursday.
Top 4 quirky consumer complaints received in 2022: BBB
The Better Business Bureau (BBB) says it receives tens of thousands of complaints from consumers across Canada each year, but once in a while a "quirky" one will take them by surprise.
What are the predictions for Canada's real estate market this spring?
The Canadian real estate market has been sluggish since last year, when prospective buyers started putting off plans to purchase homes as the Bank of Canada aggressively hiked interest rates eight consecutive times. But realtors see many edging toward a purchase once more.
More than half of Canadians OK with telling lies to spare others’ feelings: Poll
According to a new poll conducted by Research Co., more than half of Canadians surveyed said it is permissible to lie to spare someone’s feelings.
Saskatoon
-
Sask. projects $1B surplus, will use cash to pay debt instead of further funding boosts
Saskatchewan is projecting a $1 billion surplus in the coming year and plans to spend just as much in paying down the province's debt.
-
Accused in Ally Moosehunter homicide cross-examined by the crown
The man charged with first-degree murder in the death of Ally Moosehunter took the stand Wednesday for cross-examination by the crown.
-
Funding for distance learning, capital projects included in record $3.1B education budget
The Government of Saskatchewan is committing over $20 million for online learning as part of its record $3.1 billion education budget for the 2023-2024 fiscal year.
Winnipeg
-
More nurses resign from sexual assault program at HSC
A day after four nurses resigned from a department at the Health Sciences Centre, more have followed suit.
-
Major risk of flooding on Red River this spring, predicts Manitoba government
There is a major risk of flooding on the Red River this spring, according to Manitoba’s Hydrologic Forecast Centre
-
Police release picture of suspect in assault case
Winnipeg police are looking for the public's help in trying to identify a suspect in an assault case.
Calgary
-
Battle between UCP, NDP too close to call as provincial election inches closer: ThinkHQ
A new political poll surveying Albertans ahead of May's provincial election shows a deep divide within the province, with the governing United Conservative Party and Alberta's New Democrats fighting neck and neck for support.
-
Ashley Ryan, wife of fallen EPS officer, drops puck at charity game for mental health
Wearing her husband's police jacket, Ashley Ryan walked to centre ice at a charity hockey game in Spruce Grove, Alta., Wednesday night. She, a paramedic, then dropped the puck on the matchup that Brett was planning to referee.
-
Only 27 per cent of Alberta knee replacement surgeries were done on time in 2022: CIHI
If you were an Albertan waiting for a knee replacement in 2022 and you're still waiting, you're not alone.
Edmonton
-
Ashley Ryan, wife of fallen EPS officer, drops puck at charity game for mental health
Wearing her husband's police jacket, Ashley Ryan walked to centre ice at a charity hockey game in Spruce Grove, Alta., Wednesday night. She, a paramedic, then dropped the puck on the matchup that Brett was planning to referee.
-
'We are a natural gas province': Smith says Alberta needs power plants, not wind and solar
Alberta's premier assured a ballroom of rural leaders Wednesday that she does not want to see the province move away from electricity generated from fossil fuels, while complaining about solar panels covering farm land.
-
EPS announces death of constable
The Edmonton Police Service announced the death of an officer on Tuesday.
Toronto
-
Ontario will table its 2023 budget Thursday. Here’s what you need to know
This is what you need to know about the 2023 Ontario budget being tabled Thursday.
-
Ontario 4-year-old diagnosed with brain tumour after doctors believed it was a virus
An Ontario mother and father say their four-year-old was recently diagnosed with a brain tumour after doctors believed his symptoms were a flu-like virus for months.
-
'I feared for my life': Toronto man shot by police wants bodycam footage of incident released
A Toronto man who was shot multiple times by a police officer while he was walking his dog last month says more could have been done to de-escalate the situation that almost left him dead.
Ottawa
-
NEW THIS MORNING
NEW THIS MORNING | Here's what you need to know about day one of President Biden's visit to Ottawa
Ottawa police and the city of Ottawa have warned residents and visitors will see an increased police presence across the downtown core on Thursday and Friday, and there will be "significant traffic and transit disruptions" during the visit.
-
Sutcliffe not ruling out public funding for new Senators arena
As the sale of the Ottawa Senators heats up, the city's mayor isn't ruling out public funding for a new downtown arena for the team.
-
Pedestrian struck and killed by a vehicle in Chelsea, Que.
Emergency crews responded to the collision involving a pedestrian on Highway 105 near the Chem. Ditchfield intersection in Chelsea at approximately 5:15 p.m. Wednesday.
Vancouver
-
Sellers targeted B.C. minors via Snapchat to sell nicotine and THC vaping products, police say
Police on Vancouver Island have busted a vaping operation where nicotine- and THC-filled e-cigarettes were sold to youth at middle and high schools.
-
Poisoning suspected in deaths of 2 dogs in B.C. community, RCMP say
Dog owners in Trail, B.C., are being urged to keep their pets inside as Mounties investigate the deaths of two family dogs believed to have been poisoned with strychnine.
-
Vanier Park tent encampment residents refuse to leave
Residents of a tent encampment on Vancouver’s west side are defying orders to leave, despite being given 24 hours' notice to vacate the area.
Montreal
-
Police find 2 more bodies at site of Old Montreal fire; first victim identified
The death toll from last week's massive fire in Old Montreal has risen to four, Montreal police confirmed. Julien Levesque, a police spokesperson, said Wednesday evening that two more bodies were retrieved from the historic building that went up in flames last Thursday.
-
School board welcomes Quebec probe into sexual abuse
At least one school board is welcoming news of an investigation into allegations of sexual violence at schools.
-
Plante says Quebec budget ignores Montreal's housing needs
The mayor of Montreal says she only had two requests of the Quebec government and one of them was ignored. Despite new buildings going up in Montreal, Mayor Valerie Plante says it's harder than ever for some people to find a place to live.
Vancouver Island
-
Shortage of cold and flu medicine still plaguing Island pharmacies
A lack of cold and flu medicine – especially for kids – persists at pharmacies across Vancouver Island and across the province.
-
Historic Point Ellice House closing in Victoria
A well-known historic site and museum in Victoria is closing its doors due to what it calls a lack of funding. On Wednesday morning, Point Ellice House Museum and Gardens announced it was closing down effective immediately.
-
Saanich police bust ring allegedly selling vape products at Greater Victoria schools
More than $100,000 worth of vaping products have been seized by Saanich police detectives who say the items were being marketed and sold at schools throughout B.C.'s capital region.
Atlantic
-
Transportation Safety Board report on sinking cites lax federal rules on stability
A Transportation Safety Board of Canada report has linked the fatal sinking of a Nova Scotia scallop dragger in 2020 to years of federal inaction on the imposition of stricter stability standards for fishing vessels.
-
Nova Scotia Teachers' Union calls for government action on school violence
Students at a Halifax-area school where two staff members were stabbed Monday returned to class Wednesday afternoon.
-
Weather statements issued in the Maritimes ahead of snow Thursday
Environment Canada has issued special weather statements in the Maritimes ahead of a spring mix of snow and rain arriving Thursday.
Northern Ontario
-
Family sues OPP, others, for more than $2M after woman dies in Sudbury, Ont., jail
The family of a woman who died by suicide in November 2020 while incarcerated at the Sudbury Jail is suing police and other officials for more than $2 million.
-
An abundance of job options at Northern College career fair
Northern College said it hopes the Ontario government will consider funding its trade programs -- this after being left out of a $224 million funding announcement for skilled trade centres.
-
Northern Ont. police find driver unconscious at the wheel, motor running
Ontario Provincial Police responding to a different call March 17 discovered a driver slumped over the wheel in a running parked car on Main Street in the Town of Thessalon.
Kitchener
-
Ont.’s police watchdog investigating after Centre Wellington man seriously injured
Ontario’s police watchdog is investigating a crash near Belwood Lake that saw a 43-year-old Centre Wellington man transported to hospital.
-
'I'm going to die': Officer recalls night Beau Baker died
Remembering the night he fatally shot Beau Baker outside a Kitchener apartment on Brybeck Crescent in April 2015, Waterloo Regional Police Service (WRPS) Staff Sgt. Eric Boynton - who was a patrol officer at the time - testified he was worried about Baker killing himself or others.
-