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: 461 (542, 611, 544)
Sales: 493 (422, 435, 388)
Ratio: 87% (78%, 71%, 71%)
Price Changes: 308 (320, 340, 288)
Expired/Off-Market Listings: 170 (226, 249, 326)
Net loss/gain in listings this week: -112 (-106, -73, -170)
Active single-family home listings: 2321 (2337, 2371, 2340)
Active condo listings: 1477 (1513, 1506, 1512)
Homes 4-week running average: $523 ($516, $510, $501)
Condos 4-week running average: $233 ($234, $233, $234)


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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: 542 (611, 544, 433)
Sales: 422 (435, 388, 430)
Ratio: 78% (71%, 71%, 99%)
Price Changes: 320 (340, 288, 332)
Expired/Off-Market Listings: 226 (249, 326, 165)
Net loss/gain in listings this week: -106 (-73, -170, -162)
Active single-family home listings: 2337 (2371, 2340, 2320)
Active condo listings: 1513 (1506, 1512, 1567)
Homes 4-week running average: $516 ($510, $501, $510)
Condos 4-week running average: $234 ($233, $234, $235)

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Are you dreaming of owning your own home but struggling to navigate the challenging housing market? Well, we have some fantastic news for you! The Canadian government has recently announced some significant changes to mortgage policies that could make owning your dream home a whole lot easier. So, let's dive into what these updates are and what that means for you!

What Are the Key Updates?

Increased Price Cap for Insured Mortgages: The price cap for insured mortgages has been raised from $1 million to $1.5 million, effective December 15, 2024. This adjustment aims to reflect the current housing market realities and enable more Canadians to qualify for a mortgage with a down payment below 20 percent.

Expansion of Mortgage Amortizations: Starting…

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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: 611 (544, 433, 530)
Sales: 435 (388, 430, 470)
Ratio: 71% (71%, 99%, 89%)
Price Changes: 340 (288, 332, 344)
Expired/Off-Market Listings: 249 (326, 165, 196)
Net loss/gain in listings this week: -73 (-170, -162, -136)
Active single-family home listings: 2371 (2340, 2320, 2358)
Active condo listings: 1506 (1512, 1567, 1602)
Homes 4-week running average: $510 ($501, $510, $516)
Condos 4-week running average: $233 ($234, $235, $235)

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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: 544 (433, 530, 565)
Sales: 388 (430, 470, 460)
Ratio: 71% (99%, 89%, 81%)
Price Changes: 288 (332, 344, 337)
Expired/Off-Market Listings: 326 (165, 196, 205)
Net loss/gain in listings this week: -170 (-162, -136, -100)
Active single-family home listings: 2340 (2320, 2358, 2348)
Active condo listings: 1512 (1567, 1602, 1594)
Homes 4-week running average: $501 ($510, $516, $529)
Condos 4-week running average: $234 ($235, $235, $235)

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In August 2024, the Greater Edmonton real estate market once again demonstrated robust growth amidst evolving economic conditions. The benchmark price for single-family homes reached a record high of $476,700, marking a significant 7.6% increase from the previous year. Furthermore, apartment-style condos and townhouses witnessed remarkable growth, with prices surging by 10.6% to $197,700, and 14.8% to $269,800, respectively.

Despite a seasonally typical 12% decrease in sales from the bustling activity observed in July, sales in August notably increased 15% from last year, substantially exceeding typical levels for the season. Even with a 5% year-over-year increase in listings, strong demand has ensured that inventory levels remain below the norm. By…

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