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: 331 (419, 421, 443)
Sales: 324 (359, 426, 401)
Ratio: 98% (86%, 101%, 91%)
Price Changes: 179 (246, 273, 275)
Expired/Off-Market Listings: 146 (286, 350, 177)
Net loss/gain in listings this week: -139 (-226, -355, -135)
Active single-family home listings: 1950 (2020, 2075, 2199)
Active condo listings: 1274 (1301, 1301, 1386)
Homes 4-week running average: $520 ($521, $525, $530)
Condos 4-week running average: $234 ($238, $235, $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: 419 (421, 443, 410)
Sales: 359 (426, 401, 390)
Ratio: 86% (101%, 91%, 95%)
Price Changes: 246 (273, 275, 253)
Expired/Off-Market Listings: 286 (350, 177, 163)
Net loss/gain in listings this week: -226 (-355, -135, -143)
Active single-family home listings: 2020 (2075, 2199, 2236)
Active condo listings: 1301 (1301, 1386, 1408)
Homes 4-week running average: $521 ($525, $530, $533)
Condos 4-week running average: $238 ($235, $234, $238)


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Real Estate sales in the Greater Edmonton area rose 37% in October, compared to last year - the most we've seen in October since at least 2008. With only a 7% increase in new listings from last year, inventory at the end of the month was down 18%, establishing a predominant seller's market with a scant two months of supply. The Edmonton market has favoured sellers for nearly two years, a trend reinforced by the recent Bank of Canada's interest rate announcement, which sparked additional activity from buyers anticipating future price escalations. The benchmark prices reflect tight market conditions, with single-family homes increasing 9% to $473,700, condos up 11% to $195,900, and townhouses climbing 14% to $268,300. 

Edmonton's economic outlook is…

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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: 421 (443, 410, 546)
Sales: 426 (401, 390, 434)
Ratio: 101% (91%, 95%, 79%)
Price Changes: 273 (275, 253, 276)
Expired/Off-Market Listings: 350 (177, 163, 171)
Net loss/gain in listings this week: -355 (-135, -143, -59)
Active single-family home listings: 2075 (2199, 2236, 2262)
Active condo listings: 1301 (1386, 1408, 1419)
Homes 4-week running average: $525 ($530, $533, $532)
Condos 4-week running average: $235 ($234, $238, $238)

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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: 443 (410, 546, 510)
Sales: 401 (390, 434, 412)
Ratio: 91% (95%, 79%, 81%)
Price Changes: 275 (253, 276, 328)
Expired/Off-Market Listings: 177 (163, 171, 337)
Net loss/gain in listings this week: -135 (-143, -59, -239)
Active single-family home listings: 2199 (2236, 2262, 2248)
Active condo listings: 1386 (1408, 1419, 1402)
Homes 4-week running average: $530 ($533, $532, $527)
Condos 4-week running average: $234 ($238, $238, $233)

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Have you heard the latest buzz from the Bank of Canada? They've recently lowered their key policy rate by 50 basis points to 3.75 percent. While we're still on the lookout for new rates from the banks, this drop might just bring some delightful savings your way if the banks decide to follow suit. Let’s crunch some numbers to see what this could mean for you.

Say, you have a mortgage of $400,000 for example: Under the old rate of 4.44%, on a 25-year mortgage with a 5-year term, you stood to pay approximately $2,200 in principal interest. If banks adjust their rates down to 3.94%, your principal interest would potentially decrease to about $2,091. This means not only less monthly expenditure but also a decrease in your final mortgage balance, allowing…

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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: 410 (546, 510, 461)
Sales: 390 (434, 412, 493)
Ratio: 95% (79%, 81%, 87%)
Price Changes: 253 (276, 328, 308)
Expired/Off-Market Listings: 163 (171, 337, 170)
Net loss/gain in listings this week: -143 (-59, -239, -112)
Active single-family home listings: 2236 (2262, 2248, 2321)
Active condo listings: 1408 (1419, 1402, 1477)
Homes 4-week running average: $533 ($532, $527, $523)
Condos 4-week running average: $238 ($238, $233, $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: 546 (510, 461, 542)
Sales: 434 (412, 493, 422)
Ratio: 79% (81%, 87%, 78%)
Price Changes: 276 (328, 308, 320)
Expired/Off-Market Listings: 171 (337, 170, 226)
Net loss/gain in listings this week: -59 (-239, -112, -106)
Active single-family home listings: 2262 (2248, 2321, 2337)
Active condo listings: 1419 (1402, 1477, 1513)
Homes 4-week running average: $532 ($527, $523, $516)
Condos 4-week running average: $238 ($233, $233, $234)

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Are you planning to buy property in Alberta? Starting October 20, 2024, be prepared for a significant shift in land title registration costs due to the introduction of a new Land Titles Registration Levy.

What Is Changing?

The province of Alberta is introducing a new Land Titles Registration Levy, announced in Budget 2024, to replace the current Variable Fees for transferring land and registering mortgages. Under the new structure, buyers will face a flat levy of $5.00 per $5,000 of property value AND $5.00 per $5,000 of mortgage value, along with a $50 flat fee for each, affecting land transfers, mortgage registrations, and certain caveats.

How will this affect you as a buyer?

Previously, land transfers incurred a fee of $50 plus $2.00 for…

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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: 510 (461, 542, 611)
Sales: 412 (493, 422, 435)
Ratio: 81% (87%, 78%, 71%)
Price Changes: 328 (308, 320, 340)
Expired/Off-Market Listings: 337 (170, 226, 249)
Net loss/gain in listings this week: -239 (-112, -106, -73)
Active single-family home listings: 2248 (2321, 2337, 2371)
Active condo listings: 1402 (1477, 1513, 1506)
Homes 4-week running average: $527 ($523, $516, $510)
Condos 4-week running average: $233 ($233, $234, $233)

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