Sask Investments

02/18/2024

If you own a rental property in Saskatchewan, I highly recommend that you become a member of the Saskatchewan Landlord Association.

For immediate release:

The Canada Mortgage and Housing Corporation (CMHC) is reporting rental market vacancy at 2.4% in Saskatchewan’s cities with populations over 10,000 people. Regina has a vacancy rate of 1.4%, compared to 3.2% in the year prior, with Saskatoon slightly higher at 2%, compared to 3.4% last year.

“Saskatchewan is experiencing significant population growth and our rental market can’t build units fast enough to keep up with demand”, stated Association CEO Cameron Choquette. “There are areas of our major cities with vacancy below 1%, which effectively means there are no places left to rent.”

CMHC’s Rental Market Report examines the purpose-built rental market and condominium apartment market annually, surveying rental housing providers from large municipalities across the province. The report indicates that across the province, rents have risen 8.2% on average from October 2022 to October 2023.

Rent increases cover the inflationary challenges that are facing rental housing providers such as increased property taxes, utilities, debt-servicing costs, and insurance. Even amidst these rent increases, Saskatchewan remains the most affordable province across the country.

“This report demonstrates that much more needs to be done to encourage and prioritize rental housing development so that we can capitalize on population growth and have enough homes for the people of Saskatchewan”, Choquette said. “We’re recommending that PST be removed from purpose-built rental construction and that the Government of Saskatchewan invest in a program that supports the renovation and retrofitting of existing rental stock”.

It is important to note that the report only includes rental structures that are privately initiated and have at least three rental units, which leaves out rental units such as basement suites and duplexes. The report can be viewed here: https://buff.ly/3ugZZQo

For more information:

Cameron Choquette
Chief Executive Officer
[email protected] / (306) 327-8460

02/18/2024

I tend not to post things like this but this accomplishment I'm proud of because it's was a lot of work and sacrifices in 2023.

Thanks to...

the many great professionals and staff at the Century 21 Fusion office.

my clients who have put their trust in me to represent them.

my family and friends for their continued support.

Cheers!

11/05/2023

Saskatoon making the list!!

A year of investing pragmatically and strategically means turning from the flash to the proven in Western Investor’s annual pick of the best places to buy real estate in 2024

08/16/2023

https://realestatemagazine.ca/average-rents-in-canada-reach-record-high-in-july/

The average asking rent in Canada reached $2,078 in July, as per the latest National Rent Report from Rentals.ca and Urbanation

07/20/2023

Flipping houses can be a reasonably lucrative property investment strategy that is simple enough to replicate. However, there are many risks involved so it is essential to get prepared before you can succeed.

With the continued success and popularity of HGTV-style property shows, more and more people are considering house flipping. Essentially, they buy a fixer-upper property, fit it up and make improvements, then sell for a profit. It can be a reasonably lucrative property investment strategy that can b...

07/18/2023

Saskatchewan's two largest cities remain two of Canada's most affordable places to rent. According to a report...

06/23/2023

When buying a home, most people believe financing is as simple as just getting a mortgage. However, there many considerations you may want to take into account when financing real estate, including CMHC financing.

When buying a home, most people believe financing is as simple as just getting a mortgage. However, there many considerations you may want to take into account when financing real estate. Are you considering vendor financing or would you prefer to get a mortgage? Would you prefer to finance your hom...

06/16/2023

Property insurance is one way to protect your real estate investment that most people have some familiarity with. Title insurance, however, is quite a different story.

Buying real estate is an expensive investment. Therefore, ensuring you are protecting your investment to the best of your ability makes sense. Property insurance is one way to protect your real estate investment that most people have some familiarity with. Title insurance, however, is quite a differ...

06/08/2023

Sales exceeded expectations in May 2023, and more new listings hit the market. Inventory, however, continues to remain challenging...

May is often one of the busiest months for the Saskatoon real estate market, with great weather and an eagerness to move before summer holidays begin. May 2023 was no exception. Sales continued to exceed expectations and more new listings hit the market. Inventory continues to remain challenging, th...

06/01/2023

Whether you are looking to upgrade to a larger property, relocate to a new neighbourhood, or simply want to free up some extra cash, selling your home can be a smart financial decision in achieving your goals.

Selling a home is a major decision that requires careful thought and consideration. However, there are many reasons why you may be considering this major change. Whether you are looking to upgrade to a larger property, relocate to a new neighbourhood, or simply want to free up some extra cash, selli...

05/25/2023

While the conventional path of securing a mortgage through a bank or broker may seem like the obvious choice, it's worthwhile to explore alternative approaches such as vendor financing, also known as seller financing.

If you have been researching real estate investment, you have likely encountered dozens of unfamiliar terms. This is often especially true when investigating different ways of financing real estate. Of course, you could consider the conventional route and finance your home through a bank or a broker...

05/18/2023

Not all properties are created equal when it comes to generating revenue, and you’ll want to find one that maximizes your potential for a return. Here are some of my best tips for finding a profitable investment property.

Making a profit in real estate investment is more complex than buying a property and collecting rent. There are many steps to take along the way to generating revenue, each with unique challenges. From renovating your investment property to finding good tenants , there’s quite a lot you’ll need ...