Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 635 (458, 432, 464) # Sales: 203 (216, 197, 190) Ratio: 32% (47%, 46%, 41%) # Price Changes:  266 (251, 236, 230) Expired/Off-Market Listings: 337 (156, 145, 135) Net loss/gain in listings this week: 95 (86, 90, 139, 13) Active single-family home listings: 3161 (3117, 3060, 3019) Active condo listings: 1977 (1924, 1880, 1837) Homes 4-week running average: $425k ($429k, $417k, $415k) Condos 4-week running average: $208k ($206, $202k, $201k) Have a great weekend!

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Once again demand for real estate is up and supply is down on a year over year basis in the greater Edmonton area. But, before we start to see home prices increase, we will need to see improvement on the employment side of things, according to Senior market analyst at CMHC Heather Bowyer: “Overall we’re seeing the Edmonton market operate below pre-recession levels,” she says. “Even looking on the labour side of the market — what really drives housing demand — we’re seeing lower employment, specifically full-time... If we see those fundamentals improve, then we can expect to see housing demand improve, but it will be a while still before we see conditions we saw during the boom periods in Edmonton.” With that said, the BoC cut rates this week, which…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 458 (432, 464, 513) # Sales: 216 (197, 190, 150) Ratio: 47% (46%, 41%, 29%) # Price Changes:  251 (236, 230, 217) Expired/Off-Market Listings: 156 (145, 135, 350) Net loss/gain in listings this week: 242 (90, 139, 13) Active single-family home listings: 3117 (3060, 3019, 2954) Active condo listings: 1924 (1880, 1837, 1754) Homes 4-week running average: $429k ($417k, $415k, $410k) Condos 4-week running average: $206 ($202k, $201k, $199k) Have a great weekend!

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 432 (464, 513, 403) # Sales: 197 (190, 150, 155) Ratio: 46% (41%, 29%, 38%) # Price Changes:  236 (230, 217, 225) Expired/Off-Market Listings: 145 (135, 350, 208) Net loss/gain in listings this week: 90 (139, 13, 40) Active single-family home listings: 3060 (3019, 2954, 2916) Active condo listings: 1880 (1837, 1754, 1723) Homes 4-week running average: $417k ($415k, $410k, $415k) Condos 4-week running average: $202k ($201k, $199k, $201k) Have a great weekend!

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 464 (513, 403, 355) # Sales: 190 (150, 155, 153) Ratio: 41% (29%, 38%, 43%) # Price Changes:  230 (217, 225, 200) Expired/Off-Market Listings: 135 (350, 208, 159) Net loss/gain in listings this week: 139 (13, 40, 43) Active single-family home listings: 3019 (2954, 2916, 2891) Active condo listings: 1837 (1754, 1723, 1690) Homes 4-week running average: $415k ($410k, $415k, $414k) Condos 4-week running average: $201k ($199k, $201k, $206k) Have a great weekend!

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 513 (403, 355, 353) # Sales: 150 (155, 153, 124) Ratio: 29% (38%, 43%, 35%) # Price Changes:  217 (225, 200, 177) Expired/Off-Market Listings: 350 (208, 159, 206) Net loss/gain in listings this week: 13 (40, 43, 23) Active single-family home listings: 2954 (2916, 2891, 2856) Active condo listings: 1754 (1723, 1690, 1664) Homes 4-week running average: $410k ($415k, $414k, $413k) Condos 4-week running average: $199k ($201k, $206k, $213k) Have a great weekend!

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Supply is down, demand is up compared to last year - will this trend continue? If it does, we should start to see prices moving upward. A few interesting reports came out this month, first, the federal first time home buyers incentive has been declared a "flop" by Sherry Cooper, chief economist at Dominion Lending Centres. With that said, Edmonton has had the second-most applications in the country, so perhaps it's helping first time buyers overcome the stress test in our market a bit. I would think hard about sharing a chunk of my equity with feds before I applied for that program. The other interesting news is that the vacancy rate has dropped, even with tons of new rental units being built in the city; 40% of condos in Edmonton are designated as…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 403 (355, 353, 433) # Sales: 155 (153, 124, 109) Ratio: 38% (43%, 35%, 25%) # Price Changes:  225 (200, 177, 211) Expired/Off-Market Listings: 208 (159, 206, 180) Net loss/gain in listings this week: 40 (43, 23, 144) Active single-family home listings: 2916 (2891, 2856, 2849) Active condo listings: 1723 (1690, 1664, 1643) Homes 4-week running average: $415k ($414k, $413k, $399k) Condos 4-week running average: $201k ($206k, $213k, $227k) Have a great weekend!

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 355 (353, 433, 182) # Sales: 153 (124, 109, 110) Ratio: 43% (35%, 25%, 60%) # Price Changes:  200 (177, 211, 152) Expired/Off-Market Listings: 159 (206, 180, 660) Net loss/gain in listings this week: 43 (23, 144, -588) Active single-family home listings: 2891 (2856, 2849, 2770) Active condo listings: 1690 (1664, 1643, 1581) Homes 4-week running average: $414k ($413k, $399k, $402k) Condos 4-week running average: $206k ($213k, $227k, $222k) Have a great weekend!

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 353 (433, 182, 123) # Sales: 124 (109, 110, 105) Ratio: 35% (25%, 60%, 85%) # Price Changes:  177 (211, 152, 71) Expired/Off-Market Listings: 206 (180, 660, 171) Net loss/gain in listings this week: 23 (144, -588, -153) Active single-family home listings: 2856 (2849, 2770, 3120) Active condo listings: 1664 (1643, 1581, 1795) Homes 4-week running average: $413k ($399k, $402k, $412k) Condos 4-week running average: $213k ($227k, $222k, $226k) Have a great weekend!

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