Home prices falling in Regina, rising in Saskatoon

CBC News, Oct 15, 2014 While home prices continue to grow nationwide, including in Saskatoon, the situation in Regina was quite different in the third-quarter of 2014.

That's according to a report released this week from the realty company Royal LePage.

Across Canada, the average price of a home rose between 4.4 and 6 per cent year-over-year in the July-August period.

However, in Regina new construction is increasing the housing supply and that has slowed price growth, according to the company.

The average price of a standard, two-storey home actually decreased in neighbourhoods the north (down 14 per cent to $291,000) and the south (down 1 per cent to $401,900).

One area of growth? The condo market, where home prices increased 1 per cent in the third quarter, compared to a year earlier.

Meanwhile, home prices in Saskatoon were rising at different rates — from 0.2 per cent to 3.6 per cent —  depending on the neighbourhood.

The east-central neighbourhoods of Saskatoon had the home sales fetching the highest average prices — $429,000.

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