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
Federal budget to include grocery rebate for lower income Canadians: sources
The 2023 federal budget will include a one-time "grocery rebate" for Canadians with lower incomes who may be struggling with the rising cost of food, CTV News has confirmed.
3 children killed in Nashville school shooting, suspect dead
Three children were killed in a shooting at a private Christian school in Nashville, Tennessee, on Monday morning before police 'engaged' the suspected attacker, leaving the suspect dead, local officials said.
Sask. judge grants bail for sisters who say they were wrongfully imprisoned for nearly 30 years
A Saskatchewan judge has granted bail to two sisters who have spent nearly 30 years in prison for what they say are wrongful murder convictions.
MP Han Dong threatens legal action against Global over foreign interference report
Han Dong is threatening legal action against Global News and its parent company Corus Entertainment after the media outlet published an allegation the Toronto MP spoke to a Chinese diplomat about delaying the release of two Canadians.
'Sudden and devastating' Calgary house explosion injures 10 people
The Calgary Fire Department says at least 10 people were injured in a 'sudden and devastating' explosion in the city's northeast on Monday that completely destroyed one home.
These 3 items could cost you more starting this April
Whether it's gas, food or booze, consumers can expect to pay more for these goods next month. Two of the biggest changes include the federal carbon tax will increase to $65 per tonne of greenhouse emissions, up from $50, and the federal beverage alcohol duty that will increase by 6.3 per cent, which both come into effect on April 1.
Advocate questions whether Air Canada has 'cultural problem' after issue with teen's wheelchair
Flying over the Grand Canyon was a highlight for the Gellisen family during their trip to Phoenix, but their flight home to Toronto was a much different experience, with several family members forced off of the flight over tensions related to a teen's wheelchair.
'Rigorous' cost management needed as $5B Centre Block renovation proceeds: AG report
Despite delayed decision-making by parliamentarians, Canada's massive renovation of Parliament Hill's Centre Block is being effectively managed so far, according to a new audit. However, 'rigorous' cost management will be needed as the work proceeds, cautions auditor general Karen Hogan.
Quebec girl, 9, dies after snow fort collapses behind residence
A nine-year-old girl has died after a snow fort collapsed in a forest behind a rural Quebec home.
Saskatoon
-
Sask. judge grants bail for sisters who say they were wrongfully imprisoned for nearly 30 years
A Saskatchewan judge has granted bail to two sisters who have spent nearly 30 years in prison for what they say are wrongful murder convictions.
-
Change proposed to high-collision Saskatoon intersection
City administrators are calling for a design change on Main Street and Clarence Avenue that would prevent vehicles from using Main Street as a thoroughfare rather than 8th Street.
-
Two Saskatoon teens arrested after allegedly fleeing police in stolen car
Two teens were arrested on Saturday morning after allegedly evading police in a stolen car.
Winnipeg
-
Manitoba launching new park reservation system today
Manitoba’s new park reservation system is launching on Monday.
-
Federal budget to include grocery rebate for lower income Canadians: sources
The 2023 federal budget will include a one-time "grocery rebate" for Canadians with lower incomes who may be struggling with the rising cost of food, CTV News has confirmed.
-
‘When are we going to see action?’: The changes needed for Manitoba’s cannabis rules
Nearly five years after the legalization of marijuana in Canada, one local cannabis retailer feels Manitoba should be more proactive and flexible when it comes to regulating pot sales in our province.
Calgary
-
'Sudden and devastating' Calgary house explosion injures 10 people
The Calgary Fire Department says at least 10 people were injured in a 'sudden and devastating' explosion in the city's northeast on Monday that completely destroyed one home.
-
School bus involved in crash on southern Alberta highway
Police are investigating after a school bus, loaded with students on their way to school, was involved in a crash near Coalhurst.
-
LIVE @ 11:45 A.M. MT
LIVE @ 11:45 A.M. MT | Edmonton hosts funeral for officers killed in the line of duty; families thank Canadians for support
The appreciation and respect shown by the public after two Edmonton Police Service officers were killed in the line of duty has not gone unnoticed, their families said in a statement ahead of the regimental funeral on Monday.
Edmonton
-
LIVE @ 11:45 A.M. MT
LIVE @ 11:45 A.M. MT | Edmonton hosts funeral for officers killed in the line of duty; families thank Canadians for support
The appreciation and respect shown by the public after two Edmonton Police Service officers were killed in the line of duty has not gone unnoticed, their families said in a statement ahead of the regimental funeral on Monday.
-
In Pictures: Remembering Constables Travis Jordan and Brett Ryan
On March 27, a regimental funeral will be held for Edmonton Police Service Constables Travis Jordan and Brett Ryan who were killed in the line of duty on March 16, 2023.
-
What you need to know about the regimental funeral Monday
The procession for two Edmonton police officers who were killed in the line of duty is scheduled to leave the Alberta Legislature grounds toward Rogers Place at approximately 11:45 a.m.
Toronto
-
Teen who died after Toronto subway station stabbing remembered as kind, good friend
A 16-year-old who died after an apparently unprovoked stabbing at a Toronto subway station is being remembered as a kind person who enjoyed spending time with family and friends.
-
Trucker pleads guilty to careless driving in 2020 death of activist outside pig slaughterhouse
A truck driver has pleaded guilty to careless driving causing the death of a 65-year-old animal rights activist.
-
Hamilton school experiences second bomb threat in under a week
For the second time in under a week, police were called to a Hamilton school that received a bomb threat.
Ottawa
-
Federal budget to include grocery rebate for lower income Canadians: sources
The 2023 federal budget will include a one-time "grocery rebate" for Canadians with lower incomes who may be struggling with the rising cost of food, CTV News has confirmed.
-
'Rigorous' cost management needed as $5B Centre Block renovation proceeds: AG report
Despite delayed decision-making by parliamentarians, Canada's massive renovation of Parliament Hill's Centre Block is being effectively managed so far, according to a new audit. However, 'rigorous' cost management will be needed as the work proceeds, cautions auditor general Karen Hogan.
-
NHL commissioner in Ottawa to meet with officials, attend Senators game
NHL Commissioner Gary Bettman is in Ottawa today with a schedule that includes meeting with the mayor, officials from the National Capital Commission and attending the Senators game against the Florida Panthers.
Vancouver
-
Investigation underway after fire in Vancouver’s Chinatown deemed suspicious
A fire in Vancouver’s Chinatown neighbourhood on Sunday evening is being investigated as suspicious.
-
Burial plots in Metro Vancouver are now so expensive, they're being compared to real estate
Burial plots have become such a hot commodity in Metro Vancouver, one spot in a Burnaby cemetery is being sold privately online for $54,000.
-
Federal budget to include grocery rebate for lower income Canadians: sources
The 2023 federal budget will include a one-time "grocery rebate" for Canadians with lower incomes who may be struggling with the rising cost of food, CTV News has confirmed.
Montreal
-
Police find 6th and 7th bodies inside site of Old Montreal fire
Police say they have found the sixth and seventh bodies inside a building in Old Montreal that burned down 11 days ago.
-
Quebec proposes extending nurses' bonuses to June
Treasury Board President Sonia LeBel is proposing the bonuses paid to nurses — which are set to expire next Thursday — be extended at least through June.
-
Federal budget to include grocery rebate for lower income Canadians: sources
The 2023 federal budget will include a one-time "grocery rebate" for Canadians with lower incomes who may be struggling with the rising cost of food, CTV News has confirmed.
Vancouver Island
-
NEW
NEW | Nanaimo man charged in shooting at downtown homeless camp
A 37-year-old Nanaimo man has been charged in connection with a shooting earlier this month at a homeless camp in the city's downtown core. Craig Truckle of no fixed address was arrested without incident around 11 p.m. Wednesday by Nanaimo RCMP patrol officers. He was charged the following morning with one count of pointing a firearm without a lawful excuse.
-
New cancer centre coming to Nanaimo: B.C. Health Minister
If you live anywhere on Vancouver Island and get diagnosed with cancer, chances are you'll be making a trip to the South Island.
-
Vancouver Island farmers struggle to deal with threatened elk species
Farmers in the Cowichan Valley are losing crops and dealing with property and field damage caused by Roosevelt Elk, which have become a regular fixture on some farms in the area.
Atlantic
-
Federal budget to include grocery rebate for lower income Canadians: sources
The 2023 federal budget will include a one-time "grocery rebate" for Canadians with lower incomes who may be struggling with the rising cost of food, CTV News has confirmed.
-
Woman named in emergency alert turns herself in, released without charge: N.S. RCMP
A woman who was the subject of an emergency alert in Nova Scotia Sunday night turned herself in to police and was released without charge.
-
HMCS Montreal departs Halifax for Indo-Pacific operation
A Royal Canadian Navy frigate departed Halifax today as part of the federal government's wider strategy of boosting its presence in the Indo-Pacific region.
Northern Ontario
-
Sudbury murder trial hears closing arguments
Closing arguments are being heard at the Sudbury courthouse Monday in the trial for the man accused of killing Renee Sweeney in 1998.
-
Why lettuce prices are likely to rise again in Canada next month
Lettuce prices are likely to rise next month and could stay high into the summer, agriculture experts say, as flooding in a key California farming area becomes the latest example of extreme weather's effect on the food chain.
-
3 children killed in Nashville school shooting, suspect dead
Three children were killed in a shooting at a private Christian school in Nashville, Tennessee, on Monday morning before police 'engaged' the suspected attacker, leaving the suspect dead, local officials said.
Kitchener
-
Cashier at St. Marys Foodland stops fraud at counter: Stratford police
Stratford police are praising a cashier at a St. Marys Foodland that recognized a case of fraud and helped stop it.
-
Trucker pleads guilty to careless driving in 2020 death of activist outside pig slaughterhouse
A truck driver has pleaded guilty to careless driving causing the death of a 65-year-old animal rights activist.
-
Five people charged in Brantford home invasion
Police say four men entered the home armed with airsoft guns.