Marla Janzen is an award winning SASKATOON REAL Estate expert she takes action to sell her client's homes and find them the perfect new place to live while negotiating the best terms and price possible. She loves what she does and takes great pride in providing excellence in customer service to all of her clients.

She is one of our wonderful  TRUSTED SASKATOON REAL ESTATE EXPERTS listed on the SASKATOON DIRECTORY and loves to provide Trusted Tips that help the public!

Marla Janzen from century 21 Fusion is the realtor for BC Based home builders Westbow Construction's Radius at The Legends condo project in Warman SK, and she invited the Trusted team up for a tour around the show condos and to meet the owner of Westbow Construction Dick Westeringh. We figured we would take along our video camera so you could see for yourself why living in Warman should be a consideration for anyone thinking about moving!  

Here Marla shares a tip on buying a house in every major Canadian city:

How much you need to earn to buy a house in every major city

Many say property is the best investment you can make. Bursting housing bubbles and mortgage scandals aside, they’re usually right.

The price of making that investment varies widely in Canada, depending on where you live. We looked at how much you need to earn to buy an average-priced house in every major Canadian city.

To get these numbers, we consulted Adrian Williams, a Toronto mortgage broker, and used his calculator found here. He explained that to calculate the income required you need to know the purchase price, down payment, rate, utilities – mortgage qualifying must include a minimum of $100 a month for heating costs – and taxes.

We got the average purchase price per city from the Canadian Real Estate Association (they fluctuate. These prices were effective at the end of December. To see the absolute latest click here and input your city), and Williams provided the property tax rates. At his suggestion we used a 2.99% interest rate, which is the average qualifying rate for a 5-year fixed term. We used a down payment of 10% of the purchase price and calculated $100 a month for utilities.

According to Williams, “Other factors that will be included with mortgage qualification are the total monthly payment obligations from credit card, LOC’s, personal & car loans, car lease and other types of credit that require a monthly payment.”

Here is what you need to earn to buy a house in every major Canadian market. (Numbers are rounded to the nearest dollar.)

Vancouver

Average price: $819,336

Monthly mortgage payment: $3,570

Property tax: $251

Income required: $147,023

Jobs in Vancouver

Calgary

Average price: $465,047

Mortgage mortgage payment: $2,026

Property taxes: $236

Income required: $88,578

Jobs in Calgary

Edmonton

Average price: $365,520

Mortgage payment: $1,592

Property tax: $244

Salary required: $72,617

Jobs in Edmonton

Regina

Average price: $331,161

Monthly mortgage payment: $1,443

Property tax: $378

Income required: $72,028

Jobs in Regina

Saskatoon

Average price: $349,322

Monthly mortgage payment: $1,522

Property tax: $366

Income required: $74,546

Jobs in Saskatoon

Winnipeg

Average price: $270,605

Monthly mortgage payment: $1,179

Property tax: $274

Income required: $58,235

Jobs in Winnipeg

Ottawa

Average price: $357,887

Monthly mortgage payment: $1,559

Property tax: $336

Income required: $74,820.28

Jobs in Ottawa

Toronto

Average price: $587,505

Monthly mortgage payment: $2,560

Property tax: $354

Income required: $113,009

Jobs in Toronto

Montreal

Average price: $344,273

Monthly mortgage payment: $1,500

Property tax: $237

Income required: $68,884

Jobs in Montreal

Halifax

Average price: $264,447

Monthly mortgage payment: $1,152

Property tax: $266

Income required: $56,929

Jobs in Halifax

Find Marla Online at http://www.century21.ca/marla.janzen   she is a Century 21 Fusion Realtor Sakatoon based at 703 Circle Drive, Saskatoon..or checkout her listing in REAL ESTATE SASKATOON here on www.trustedsaskatoon.com, Marla Janzen is TRUSTED SASKATOON REAL ESTATE EXPERT.

The decision to purchase your home is one of the most important decisions you will ever make, and will also be one of your largest investments. Done right, it can also be one of the most exciting and fulfilling times in your life! Kari Calder a saskatoon Realtor with Century 21 Fusion is there to help you through the process, and provide you and your family with the peace of mind that comes with knowing that you have a realtor working with your best interests in mind.  

Here Kari shares a tip on Canada’s real estate market: 

A look at Canada’s real estate market

Data was just released by the Canadian Real Estate Association (CREA) for Canadian home sales and pricing for 2014 and the real estate market in Canada has been prospering. Home sales across the country show a 7.1% increase from last year. The data also showed that the resale market continues to be strong with the strongest activity for the month of October since 2009.

According to Gregory Klump, CREA chief economist, while the strength of national sales activity is far from being a Canada-wide phenomenon, it extends beyond Vancouver, Calgary and Toronto.

October sales were up from last year in close to 70% of all local markets. Greater Vancouver saw the greatest increase with Fraser Valley, Victoria, Calgary, and Greater Toronto following. Combined sales in these 5 markets account for almost 40% of national sales activity.

The home price index increased by 5.51% in October from last year. Price gains have been steady between 5-5.5% since the start of the year.

Although gains have been seen in the top 5 markets, prices in the Saskatoon real estate market were flat as were Ottawa, Montreal, Moncton and Regina actually saw a decrease of 3.4%.

The national home price average in October was $419,699 showing a 7.1% increase from sales last year. If you exclude Toronto and Vancouver’s markets from the data, the adjusted national average is $330,596 with an increase of 5.4%. Compared to Saskatoon‘s current average at $362,037.

If you are interested in investing in the real estate market or have questions about our current local market, please contact me today and I’d be more than happy to discuss the market in detail.

 

Contact me today to ensure that you have a great REALTOR® working for you and ensuring that your investment is a smart one.

  

Kari Calder is one Saskatoon's top Century 21 Fusion real estate agents. Kari can assist with all of your Saskatoon buying and selling real estate needs and she is a TRUSTED SASKATOON REALTOR

The decision to purchase your home is one of the most important decisions you will ever make, and will also be one of your largest investments. Done right, it can also be one of the most exciting and fulfilling times in your life! Kari Calder a saskatoon Realtor with Century 21 Fusion is there to help you through the process, and provide you and your family with the peace of mind that comes with knowing that you have a realtor working with your best interests in mind.

Statistics Canada just released a new report that Saskatchewan’s population could top 1.5 million people by 2038.

Stats Canada issues its population projections every five years, outlining seven possible scenarios for population growth in Canada and the provinces.  Its projections for Saskatchewan range from the province having a population of anywhere from 1,174,000 people to 1,527,000 people by 2038.  The lower growth projections are based on population trends dating back to Saskatchewan’s zero-growth period of the 1990s and early 2000s, while the higher growth scenarios are based on Saskatchewan’s strong population growth trends in recent years.

Stats Canada issued it’s last population projection in 2005 and 4 out of the 6 scenarios saw SK decreasing it’s population over the next 25 years. Even the most optimistic scenario saw SK growing to 1,064,000 by 2031. Today, the population sits at more than 1,120,000 people.

 

Saskatchewan is continuing to grow and remain strong. Over the past seven years the population has grown by 120,000 people.

If you are thinking of making a move to Saskatoon or area, contact me and I will be dedicated to making your move a smooth one.

Kari Calder

Saskatoon real estate agent

Century 21 Fusion

Kari@saskatoonrealestate.net

Contact me today to ensure that you have a great REALTOR® working for you and ensuring that your investment is a smart one.

 

 

Kari Calder is one Saskatoon's top Century 21 Fusion real estate agents. Kari can assist with all of your Saskatoon buying and selling real estate needs and she is a TRUSTED SASKATOON REALTOR

The decision to purchase your home is one of the most important decisions you will ever make, and will also be one of your largest investments. Done right, it can also be one of the most exciting and fulfilling times in your life! Kari Calder a saskatoon Realtor with Century 21 Fusion is there to help you through the process, and provide you and your family with the peace of mind that comes with knowing that you have a realtor working with your best interests in mind.

The decision to purchase your home is one of the most important decisions you will ever make, and will also be one of your largest investments. Done right, it can also be one of the most exciting and fulfilling times in your life! Kari Calder a saskatoon Realtor with Century 21 Fusion is there to help you through the process, and provide you and your family with the peace of mind that comes with knowing that you have a realtor working with your best interests in mind.

Here she shares a tip on Avoiding Unexpected Maintenance Costs: 

Kari Calder Saskatoon Real Estate Agent

Century 21 Fusion

kari@saskatoonrealestate.net 

Kari Calder is one Saskatoon's top Century 21 Fusion real estate agents. Kari can assist with all of your Saskatoon buying and selling real estate needs and she is a TRUSTED SASKATOON REALTOR