The Saskatchewan Realtors Association said sales are down over 50 per cent in April from a year ago, but it expects the industry to emerge with only a “few cuts and scrapes.”

Chris Guérette said she has two takeaways from a recent CMHC report that found low evidence of overbuilding in Saskatoon.

CMHC says it’s changed its overall rating of vulnerability for the Saskatoon housing market from moderate to low while evidence of overbuilding still exists in Regina.

Saskatchewan Realtors Association said sales to new listings ratio in Saskatoon was 38 per cent in January, indicating a slight lean towards a buyers’ market.

The report said a number of factors could explain the lower vacancy rate including more jobs added in Saskatoon and stricter mortgage qualification rules.

Royal Lepage is forecasting a slight rise in housing prices for 2020 as it says momentum is returning to the Saskatoon market.

Saskatchewan Realtors Association CEO Jason Yochim said Saskatoon’s housing numbers for November are encouraging.

The Saskatoon Region Association of Realtors says the housing market in the city has stabilized.

A new partnership will provide 22 families with secure housing. There will also be support to help create new opportunities for the families.

CMHC said higher construction costs, rising interest rates and regulatory impacts affected Saskatoon’s new housing market in 2019.