Things are improving when it comes to real estate in Estevan. 

"The good news is it's a more active market than it was in 2016, we're still seeing downward pressure in prices. I don't know if we've found our new normal for pricing yet, there's still a lot of inventory and a limited amount of buyers but it is a more active market than it was a year ago so that's good news," explained Lynn Chipely the Owner of Century 21 Real Estate in Estevan. 

"If you look back 3 years ago we're probably doing 50% of the business that we were doing in 2013, that was our peak and we've been monitoring what we've done compared to that. It's certainly a big change and we're all getting used to it and how to work in it and make sure we're doing pricing correctly to ensure that product keeps selling." 

There is still a lot of property available to rent. 

"I manage a number of units and most of them are fairly new units and they seem to be the most popular because they are new of course and the rent rates have come down considerably as well so they tend to stay full. The older buildings are feeling the pinch and certainly if they're not keeping them up or renovating them or making them more attractive, it's much more difficult to rent these older units," she shared.

"Estevan's a pretty steady place and we're seeing a certain amount of confidence in the market and that's good to see but I think we may still see some downward pressure on pricing until we are back to a normal amount in the inventory, we're certainly still carrying a lot more inventory than probably we need to."