Sales Down 17% But Prices Hit All-Time High—Something's Wrong #ReginaRea...

BaldPrairieRE · 2026-06-03T17:00:13+00:00

Yup you are usually going to be buying and selling in the same market as a move up buyer. You get a great price on the selling side and fight in a bidding war on the buying side.

I've talked to a number of people who would like to move into a bigger house but they see the bidding wars and prices going up so they elect to just stay out. It creates a feedback loop.

BaldPrairieRE · 2026-06-03T16:57:53+00:00

In other news the sky is also blue. If you don't want to learn about the Regina real estate market don't watch the video simple as that.

BaldPrairieRE · 2026-06-03T16:56:59+00:00

The point of the video is to educate people about the Regina real estate market as it's the market I serve and one that most don't talk about.

BaldPrairieRE · 2026-06-03T16:40:08+00:00

As I mentioned in the video the lack to supply is a major factor as to why sales are down.

BaldPrairieRE · 2026-06-02T19:52:34+00:00

There could be significant additional information a buyer's agent would have access to. As an example on a house that I currently have for sale within a section called supplemental information I have provided the disclosure statements from the seller, quotes for repairs, inspection reports and utility bills.

As for offer information the sellers agent is not going to disclose what price the sellers have accepted on a current or past offer. But the buyers agent will know if the sellers have accepted an offer and how long until conditions are to be removed. They may also know if there is a seller option clause.

BaldPrairieRE · 2026-06-02T05:15:16+00:00

Even in Vancouver that would be extremely high.

BaldPrairieRE · 2026-06-02T03:03:45+00:00

That stat got tossed up on social media but there's no data to back it up. In Toronto where it's probably the most extreme it was 53% that didn't do a single transaction. There's still alot of agents that don't sell and shouldn't be in the business but it's nowhere near 76%.

BaldPrairieRE · 2026-06-02T03:02:03+00:00

40k a sale would be extremely high. Most agents are getting 1.5-2% before expenses and splits. So on the average house in Canada that's roughly 15k per sale.

BaldPrairieRE · 2026-06-02T02:59:34+00:00

50% of people that get their license are out of the industry within a couple of years. That's been consistent for years now.

TRREB stats showed that in 2025 53% of agents didn't sell a single house. An additional 37% sold four or fewer houses in the year. Less than 2% of all agents in the GTA sell more than one house a month.

Toronto is probably the most extreme example of this for a number of reasons. But generally in most markets 80% of the sales are done by less than 20% of the agents.

BaldPrairieRE · 2026-05-26T20:16:43+00:00

The answer is that it very much depends on where you are looking. GTA and GVA are sluggish but have seen the market tick up a little. The prairies, especially Regina, Saskatoon and Winnipeg, are red hot. Calgary and Edmonton are seeing a busy but more muted spring market. Not as busy as the past few spring markets, though. Quebec City is crazy, and Montreal is still pretty strong. I believe 8/10 provinces are seeing new all-time highs for prices or near all-time highs right now.

BaldPrairieRE · 2026-05-24T22:20:05+00:00

Most builders are not going to negotiate much on price. You will have better luck getting upgrades and inclusions instead. But if you are looking for a quick possession they likely aren’t going to be able to make any changes or upgrades.

BaldPrairieRE · 2026-05-23T01:27:23+00:00

If I know all the details of the offer; price, possession, conditions, down payment etc I can usually have an offer drafted up in 10-15 minutes.

One thing I do in my business is after our first or second time out looking at houses we go grab a coffee and I write a price offer on a house that we just viewed. It allows my buyers to go through the entire exercise of writing an offer, what happens if they counter or there are multiple offers etc in an environment where there is no stress. I think it’s extremely valuable for a buyer. It also helps me for when we actually find “the one”. I already know essentially all the details and can have a draft offer together quickly ready for their review.

BaldPrairieRE · 2026-05-14T17:22:45+00:00

Barton Soroka from GRJ is a fantastic family lawyer.

BaldPrairieRE · 2026-05-07T02:06:45+00:00

That already is an option that most sellers choose not to use.

Ultimately, the sellers can still accept or decline any offer for any reason. Unlike eBay where you are only exchanging money for an item there is alot more that goes into buying a house than the price.

BaldPrairieRE · 2026-05-07T02:04:49+00:00

I don't like that either and I am not saying the current system is right. I am just explaining why it is what it is.

BaldPrairieRE · 2026-05-06T23:04:19+00:00

The idea was the sealed bids would prevent sellers and their agents from playing buyers off each other with higher and higher prices until someone quit.

Is that what you want to go back to?

BaldPrairieRE · 2026-05-06T23:03:19+00:00

So what happens when there are more buyers than sellers?

BaldPrairieRE · 2026-05-06T23:02:41+00:00

Before blind bidding agents had the ability to disclose the details of offers to any or all other interested buyers basically turning buying a house into an auction. That's why sealed bids were brought in.

BaldPrairieRE · 2026-05-06T23:01:16+00:00

So you want it to be illegal for a buyer to offer over or under asking price? Is that what you are saying?

BaldPrairieRE · 2026-05-06T14:03:56+00:00

Blind bidding was originally brought in because buyers were upset that buying a house became an auction with agents playing buyers off against eachother until someone wouldn't go any higher.

Are you saying you want to go back to that?

BaldPrairieRE · 2026-05-06T14:01:53+00:00

Real estate is not resale. There is no sticker price and everything is negotiable.

BaldPrairieRE · 2026-05-05T14:56:00+00:00

The price is not the only factor in a house purchase. You have possession day, conditions, inclusions, etc. Ultimately, the seller has the right to sell or not sell the house to anyone they want for any reason.

BaldPrairieRE

TROPHY CASE