Liv Real Estate Blog

June Market Report

The real estate market in Edmonton is a tale of two time frames; when we look at the stats year over year things look very good, but compared to just a few months ago, things have really slowed down. This, of course, is actually good news because overheated markets are not good in the long run. Interestingly, Calgary sales are down about 2% from last year, while my preliminary look at the market shows sales of single-family homes and condos are still up in Edmonton (13% and 18%, respectively). “As expected, higher interest rates are starting to have an impact on home sales. This is helping shift the market toward more balanced conditions and taking some of the pressure off prices,” said CREB® Chief Economist Ann-Marie Lurie. “While we are starting to see…

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Weekly Market Update Jul.1/22

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 681 (700, 776, 803)
Sales: 415 (441, 465, 455)
Ratio: 61% (63%, 60%, 57%)
Price Changes: 568 (602, 592, 643)
Expired/Off-Market Listings: 412 (249, 235, 190)
Net loss/gain in listings this week: -146 (10, 76, 158)
Active single-family home listings: 3376 (3331, 3257, 3150)
Active condo listings: 2382 (2499, 2410, 2448)
Homes 4-week running average: $480 ($486, $480, $478)
Condos 4-week running average: $233 ($237, $237, $233)

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Weekly Market Update Jun.24/22

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 700 (776, 803, 756)
Sales: 441 (465, 455, 449)
Ratio: 63% (60%, 57%, 59%)
Price Changes: 602 (592, 643, 642)
Expired/Off-Market Listings: 249 (235, 190, 290)
Net loss/gain in listings this week: 10 (76, 158, 17)
Active single-family home listings: 3331 (3257, 3150, 2975)
Active condo listings: 2499 (2410, 2448, 2377)
Homes 4-week running average: $486 ($480, $478, $481)
Condos 4-week running average: $237 ($237, $233, $239)

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Weekly Market Update Jun.17/22

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 776 (803, 756, 741)
Sales: 465 (455, 449, 408)
Ratio: 60% (57%, 59%, 55%)
Price Changes: 592 (643, 642, 435)
Expired/Off-Market Listings: 235 (190, 290, 147)
Net loss/gain in listings this week: 76 (158, 17, 186)
Active single-family home listings: 3257 (3150, 2975, 2942)
Active condo listings: 2410 (2448, 2377, 2358)
Homes 4-week running average: $480 ($478, $481, $483)
Condos 4-week running average: $237 ($233, $239, $236)

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Weekly Market Update Jun.10/22

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 803 (756, 741, 861)
Sales: 455 (449, 408, 479)
Ratio: 57% (59%, 55%, 56%)
Price Changes: 643 (642, 435, 508)
Expired/Off-Market Listings: 190 (290, 147, 190)
Net loss/gain in listings this week: 158 (17, 186, 192)
Active single-family home listings: 3150 (2975, 2942, 2754)
Active condo listings: 2448 (2377, 2358, 2294)
Homes 4-week running average: $478 ($481, $483, $488)
Condos 4-week running average: $233 ($239, $236, $236)

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Weekly Market Update Jun.3/22

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 756 (741, 861, 834)
Sales: 449 (408, 479, 460)
Ratio: 59% (55%, 56%, 55%)
Price Changes: 642 (435, 508, 439)
Expired/Off-Market Listings: 290 (147, 190, 149)
Net loss/gain in listings this week: 17 (186, 192, 225)
Active single-family home listings: 2975 (2942, 2754, 2559)
Active condo listings: 2377 (2358, 2294, 2213)
Homes 4-week running average: $481 ($483, $488, $493)
Condos 4-week running average: $239 ($236, $236, $236)

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May Market Update

Sales have come down from the record-high levels earlier this year, but they are still up from last year. The Bank of Canada announced another 50 basis point rate hike last week and warned of another one to come, to rein in inflation. You may recall, earlier in the year, I shared opinions from economists that said the housing market can withstand rate hikes if they are in small increments (ie 25 basis points at a time). Today's hike was the second 50 basis point hike so far this year and will further reduce demand. Meanwhile, listings continue to come on the market well above normal levels causing inventory to climb from well below normal to a more typical level for this time of year. We're still in a seller's market, but I don't expect that to continue…

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Weekly Market Update May 27/22

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 741 (861, 834, 920)
Sales: 408 (479, 460, 554)
Ratio: 55% (56%, 55%, 60%)
Price Changes: 435 (508, 439, 442)
Expired/Off-Market Listings: 147 (190, 149, 246)
Net loss/gain in listings this week: 186 (192, 225, 120)
Active single-family home listings: 2942 (2754, 2559, 2380)
Active condo listings: 2358 (2294, 2213, 2110)
Homes 4-week running average: $483 ($488, $493, $499)
Condos 4-week running average: $236 ($236, $236, $231)

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Land Title Delays: What You Need to Know

Land title transfers are seriously delayed at the moment; according to the Alberta Registries Site, they are currently registering Land Title Documents received on February 16th and Survey Plans/Documents received on March 9th, which places the current processing times well above the industry standard. Below we dive into what land titles are, why they are important, the cause of these delays, the issues the delay may cause and what home buyers and sellers can do to protect themselves. 

What is a Land Title?

A land title is a document that proves ownership of a piece of land and the specific interests (such as mortgages, caveats and easements) registered on them. When a home is bought or sold, the land title is transferred to the new owner, which…

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REALTORS® Association of Edmonton, Young Professional of the Year 2022: Deidre Harrison

We had a lot to celebrate this year at The 2022 REALTORS® Ball. One of Liv Real Estate’s own was recognized for their professional excellence. We are proud to share that Deidre Harrison is this year's recipient of The Young Professional of the Year Award from the REALTORS® Association of Edmonton. 

The REALTORS® Association of Edmonton’s Young Professional of the Year Award recognizes a young REALTOR® for their positive contributions to the real estate industry through hard work, determination and leadership. The recipient of this award has distinguished themselves as a leader in the industry through their achievements, professional values and ethics and their success in various challenges throughout their career. 

Those who know Deidre, her…

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