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

New Listings: 608 (648, 581, 539)
Sales: 477 (527, 511, 495)
Ratio: 78% (81%, 88%, 92%)
Price Changes: 274 (283, 271, 224)
Expired/Off-Market Listings: 157 (210, 164, 142)
Net loss/gain in listings this week: -26 (-89, -94, -98)
Active single-family home listings: 2247 (2180, 2169, 2148)
Active condo listings: 1520 (1495, 460, 1441)
Homes 4-week running average: $521 ($524, $527, $518)
Condos 4-week running average: $242 ($239, $236, $231)

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

New Listings: 648 (581, 539, 659)
Sales: 527 (511, 495, 536)
Ratio: 81% (88%, 92%, 81%)
Price Changes: 283 (271, 224, 227)
Expired/Off-Market Listings: 210 (164, 142, 129)
Net loss/gain in listings this week: -89 (-94, -98, -6)
Active single-family home listings: 2180 (2169, 2148, 2139)
Active condo listings: 1495 (1460, 1441, 1444)
Homes 4-week running average: $524 ($527, $518, $522)
Condos 4-week running average: $239 ($236, $231, $230)

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The Greater Edmonton real estate market has showed remarkable resilience and growth in May 2024. Sales increased by 18% compared to last year, with a total of 3,220 properties changing hands. This growth has outpaced the addition of new listings, which rose by 10%, leaving the inventory at a decreased level of 5,836 listings - a 17% reduction from the previous year. This has solidified Edmonton's status as a seller's market, with only 1.81 months of supply.

The Bank of Canada decreased interest rates by 0.25% yesterday, yet fixed mortgage rates are expected to remain stable for the near term.

Vigorous demand for housing has been caused by the level of interprovincial and international migration to Alberta. Last year, Alberta experienced…

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

New Listings: 581 (539, 659, 660)
Sales: 511 (495, 536, 506)
Ratio: 88% (92%, 81%, 77%)
Price Changes: 271 (224, 227, 306)
Expired/Off-Market Listings: 164 (142, 129, 122)
Net loss/gain in listings this week: -94 (-98, -6, 32)
Active single-family home listings: 2169 (2148, 2139, 2036)
Active condo listings: 1460 (1441, 1444, 1424)
Homes 4-week running average: $527 ($518, $522, $518)
Condos 4-week running average: $236 ($231, $230, $234)

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In a strong seller's market where competition is fierce, and sellers often receive multiple offers, home buyers can feel the pressure to make their offer shine and stand out among a sea of multiple offers. It's even become common for buyers to consider going condition-free to catch the seller's eye, but hold on—there are risks involved in this bold strategy.

Today, we're shedding light on the risks that come with writing unconditional offers. It's all about safeguarding your journey and ensuring your dream home doesn't turn into a nightmare. So, let's explore how to make informed choices that truly resonate with where you want to Liv.

Understanding Conditions:

Conditions are like safety nets woven into your offer, protecting both you and the…

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

New Listings: 539 (659, 660, 602)
Sales: 495 (536, 506, 534)
Ratio: 92% (81%, 77%, 89%)
Price Changes: 224 (227, 306, 246)
Expired/Off-Market Listings: 142 (129, 122, 204)
Net loss/gain in listings this week: -98 (-6, 32, -136)
Active single-family home listings: 2148 (2139, 2036, 1980)
Active condo listings: 1441 (1444, 1424, 1348)
Homes 4-week running average: $518 ($522, $518, $516)
Condos 4-week running average: $231 ($230, $234, $233)

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

New Listings: 659 (660, 602, 596)
Sales: 536 (506, 534, 539)
Ratio: 81% (77%, 89%, 90%)
Price Changes: 227 (306, 246, 248)
Expired/Off-Market Listings: 129 (122, 204, 119)
Net loss/gain in listings this week: -6 (32, -136, -62)
Active single-family home listings: 2139 (2036, 1980, 1968)
Active condo listings: 1444 (1424, 1348, 1333)
Homes 4-week running average: $522 ($518, $516, $512)
Condos 4-week running average: $230 ($234, $233, $232)

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

New Listings: 660 (602, 596, 610)
Sales: 506 (534, 539, 557)
Ratio: 77% (89%, 90%, 91%)
Price Changes: 306 (246, 248, 254)
Expired/Off-Market Listings: 122 (204, 119, 117)
Net loss/gain in listings this week: 32 (-136, -62, -64)
Active single-family home listings: 2036 (1980, 1968, 1990)
Active condo listings: 1424 (1348, 1333, 1282)
Homes 4-week running average: $518 ($516, $512, $500)
Condos 4-week running average: $234 ($233, $232, $228)

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The Greater Edmonton Area is fortunate to have a diverse and thriving local farmers' market scene, which offers an abundance of fresh, locally grown produce, delicious baked goods, handmade crafts, and so much more. Whether you're a food lover, a supporter of local businesses, or simply looking for a fun outing, Edmonton and surrounding community farmers' markets have something for everyone. Let's explore some of the top farmers' markets in the area:

1.  124 Grand Market

Flagship Westmount Location: 108 Avenue between 123 Street and 124 Street
May 11 to October 5
Thursdays, 4 pm - 8 pm

124 Grand in Oliver: 102 Avenue & 124 Street
June 4 to October 1
Sundays, 11 am - 3 pm

This market is a must-visit destination for those who love all things…

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In April 2024, the Greater Edmonton real estate market was characterized by high demand and record-setting prices. April witnessed a remarkable 54% increase in sales from the previous year, with a total of 3,128 transactions. This surge not only reflects robust demand but also highlights the increased interest in the Greater Edmonton area as a place to live and invest. A critical factor in this seller's market is the stark 1.75 months of supply, substantially below average and the lowest we've seen in April since I've been keeping track in 2008 (the only other times we've fallen below 2 months of supply was in February and March of 2022).

Inventory Dynamics and Market Pressures

With new listings up by 12% over the last year, relief in the tight…

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