Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 457 (452, 511, 461) # Sales: 189 (206, 189, 177) Ratio: 41% (46%, 37%, 38%) # Price Changes: 206 (250, 197, 215) # Expired/Off Market Listings: 178 (145, 155, 393) Net loss/gain in listings this week: 90 (101, 167, -109) Active single family home listings: 2778 (2743, 2688, 2571) Active condo listings: 2222 (2145, 2089, 2003) Homes 4-week running average: $444k ($442k, $456k, $443k) Condos 4-week running average: $235k ($234k, $225k, $222k) Looks like sales will be lower than last February when the monthly totals are calculated next week, perhaps single-family home prices have already peaked for this year? That would be…

31 Views, 45 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 452 (511, 461, 459) # Sales: 206 (189, 177, 174) Ratio: 46% (37%, 38%, 38%) # Price Changes: 250 (197, 215, 212) # Expired/Off Market Listings: 145 (155, 393, 163) Net loss/gain in listings this week: 101 (167, -109, 122) Active single family home listings: 2743 (2688, 2571, 2632) Active condo listings: 2145 (2089, 2003, 2042) Homes 4-week running average: $442k ($456k, $443k, $429k) Condos 4-week running average: $234k ($225k, $222k, $226k) Well if this article doesn't prove real estate markets are local, I don't know what does: "Canadian home sales, listings slump in January with arrival of new mortgage rules." In…

27 Views, 14 Comments

Solar rebates have arrived!  On June 21, 2017, the Government of Alberta officially opened the rebate program to homes and businesses in Alberta.

Alberta Residential and Commercial Solar Program

Energy Efficiency Alberta, a third-party organization, has been designated to distribute multiple rebate programs, including the Residential and Commercial Solar Program and other rebates to help you save money on Energy Efficiency upgrades. The solar rebate is funded by a $36 million-dollar pool generated from carbon tax revenues. The rebate is allocated on a first-come, first-serve basis subject to your time of application.

Funding

The residential rebate provides $0.75/W up to $10,000 or 30% of eligible system costs. The commercial rebate provides $0.75/W…

43 Views, 4 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 511 (461, 459, 474) # Sales: 189 (177, 174, 179) Ratio: 37% (38%, 38%, 38%) # Price Changes: 197 (215, 212, 257) # Expired/Off Market Listings: 155 (393, 163, 187) Net loss/gain in listings this week: 167 (-109, 122, 108) Active single family home listings: 2688 (2571, 2632, 2562) Active condo listings: 2089 (2003, 2042, 1987) Homes 4-week running average: $456k ($443k, $429k, $426k) Condos 4-week running average: $225k ($222k, $226k, $222k) There have been 16 sales of single-family homes over $1million in the past 30 days, which explains at least in part, the drastic increase in the average price this week.

30 Views, 9 Comments

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 461 (459, 474, 458) # Sales: 177 (174, 179, 133) Ratio: 38% (38%, 38%, 29%) # Price Changes: 215 (212, 257, 196) # Expired/Off Market Listings: 393 (163, 187, 225) Net loss/gain in listings this week: -109 (122, 108, 100) Active single family home listings: 2571 (2632, 2562, 2491) Active condo listings: 2003 (2042, 1987, 1946) Homes 4-week running average: $443k ($429k, $426k, $406k) Condos 4-week running average: $222k ($226k, $222k, $227k) Have a great weekend!

36 Views, 2 Comments

These charts really tell the story about what is happening with the Edmonton real estate market. Sales are up 14% over last year, while inventory is up 7% over last year to the highest level we've seen in January in 10 years. A lot of buyers seem to have moved their purchase forward due to rising mortgage rates. The average price is up 0.64% over last year and the median price is down 2.9%: Our preliminary stats on the Edmonton real estate market in January showed:

  • Single-family home sales were up 12% over last January, while condo sales were up 29%
  • Single-family prices were up 3.2% to $438,852 and condo prices were down 8.9% to $221,736
  • The average price per square was equal to last year at $281 for single-family and down $18 to…

35 Views, 0 Comments