Outdoor Pool Schedule and Sportsplex Maintenance Details

Click here for information.

"Steady as she goes."

Rob Reynar, the Manager of Operations and Member Services for the Association for Regina Realtors, said that's how he would describe Moose Jaw and region's 2017 housing market.

In total, just over 600 homes were sold in 2017, which is level compared to previous years, but there was also less demand . Pricing was affected too.

"I think the most notable thing for Moose Jaw and Region was maybe pricing," Reynar said. "We saw prices bounce around a lot this year. They were up they were down and at the end of the year we did see prices down year over year. Although it's not a level that I think most would be overly concerned about."

Reynar added that this ultimately amounted to market trends based on macro economics, which was only a couple of percentage points, but it will be interesting to watch for in 2018. Most of these changes aren't too alarming; as previously mentioned, they amount to current market trends.

Although it was a normal year, Reynar believes there was one big bombshell from 2017.

"I think the significant story to come out of 2017 from the housing market was the federal government changes in the qualification rules for mortgages," he said. "Getting that extra stress test for those going for high ratio mortgages or say a buyer with five percent down having to qualify for a higher rate than they normally would in past years. That's certainly had an impact."

With these new mortgage rules and a high inventory in the market putting pressure on pricing, it should be interesting seeing what the 2018 housing market has in store.

More Local News

Helping More Students Graduate

Saskatchewan's 2016/2017 high school graduation rate shows there was a slight increase compared to last year. It showed in 2015/2016, stats were at 75.6% and moved up to 76.5% in the recent rates,…

Spray Park Closed for Serpentine Work

Here's a little something to keep in mind for the little ones this week. The spray park in Crescent Park is closed for the next couple days. The city is still working on the Serpentine and since…

Outdoor Pool Schedule and Sportsplex Maintenance Details

Click here for information.

Cultural Centre Board Defends RuBarb Eviction

The Cultural Centre Board is striking back at RuBarb Productions after the local theatre group was evicted from the City-owned building. Last week, RuBarb held a press conference saying they were…

Former City Manager Files Lawsuit Against Moose Jaw

The City of Moose Jaw is preparing to defend itself in court after having a lawsuit brought against them by former City Manager Matt Noble. You may remember the story of Matt Noble and his surprise…

Short Line 101 Makes Return to WDM

In 2015, the Short Line 101 made its last trip around the Western Development Museum. Immediately after the decision was made to shut down the line, fundraising efforts were made to bring back the…

Province Announces Another Bump to Minimum Wage

Saskatchewan minimum wage is about to take a bump. The province announced that last week it'll go up 10 cents per hour, reaching $11.06 an hour on October 1st. The latest increase is a result of an…

City Awaits Outsiders Look at Local Operations

Waiting for a report on how they can move forward, Moose Jaw Mayor Fraser Tolmie is pleased with a planning session that council had earlier this month with the author of "13 Ways to Kill Your…

Habitat For Humanity Holds 2nd Spring Gala

Hours of sawing wood, hammering nails, inserting insulation and a lot of painting all contribute to families being able to own their own home. Saturday night saw residents of Moose Jaw coming out to…

High Street Resurfacing Begins July

High Streets Weekly Construction Update has come out, and we're getting closer and closer to a smooth high street ride. The preparations for paving, which included trenching, compaction, sewer…

Brain Injury Can Happen Anywhere

Anyone, Anywhere, Anytime. That's where a brain injury can happen. June is brain injury awareness month Canada, and while it's a year-long effort to get the word out on prevention and programs to…

DiscoverMooseJaw.com is Moose Jaw's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login