Downtown Edmonton Economic Report

The following report from Collier’s International shows that there is almost no vacancy for office space across Canada. The "Edmonton" section of the report is below, and discusses a number of the factors currently driving the Edmonton economy and housing market. A very interesting read… DOWNTOWN DYNAMICSDemand for office space has been stronger than expected […]

Another red flag on Alberta’s economy

An article posted today in the Edmonton Sun seems the Toronto Dominons at it again.  A couple of weeks ago, Edmonton was the place to be for the next 25 years, before that Edmonton was on the bubble watch and now it looks like we’re going ot bust.  All I know is I’m getting everything […]

Edmonton economic information

As often as we can we publish relevant economic data and articles about Edmonton and Alberta.  I think its safe to say that one of the best sources for information on Edmonton is the combined website of Economic development and Tourism for Edmonton.  www.edmonton.com is not only a fantastic source for statistical information on Edmonton.  […]

Edmonton transportation

Normally its easy to poke at cities like Calgary and Vancouver where commute times are climbing and range in hours not minutes.  Well the city of Edmonton has finally woken up, smelled some coffee and decided to order half a cup.  Is it half full or half empty, I’ll leave up to you but according […]

Edmonton House Prices to Lead Nation

Today TDFinancial Group released a special report, predicting that the national average of home prices is expected to rise at close to 4% annually over the next 25 years. What a bold prediction! I mean, it’s not like the average Canadian house price hasn’t increased by about that same amount over the last 25 years. […]

Edmonton will stand strong and proud

  Edmonton’s real estate market keeps moving.  Sept 11, 2001 I sat in the west end YMCA stunned by the horrendous sights occurring before my eyes.  Sickened to my stomach and a full schedule ahead of me.  If I did not have numerous previous commitments that day I would have canceled my appointments and wallowed […]

Scotiabank Bets on Edmonton

TD may be watching for a bubble to burst in Edmonton’s housing market, but Scotiabank sees only good things for our future. They are expanding their Edmonton operations saying no collapse is on the horizon – the "long-term trend is up." Here is part of the article from the Edmonton Journal: Scotiabank expands Edmonton operationSeven […]

Waiting for the bubble to burst

Housing bubble in Edmonton…hmmm…A stockmarket analyst’s dream…Then maybe people will swing their money back to thestock market to over pay on price to earnings ratios on stocks and mutual funds,that they as investors have no control over. Is there a bubble here in the city of champions? Prices are certainlygoing up, but in my opinion […]

Edmonton’s “Housing Bubble”

Every few months for the past 6 years someone in the media has screamed the word "housing bubble." Mass fear and panic spreads as countless media outfits jump on the bandwagon and spread the word. And then the stats come out, prices haven’t dropped, sales haven’t slumped and everyone forgets it ever happened. If I […]

City to cut spending

I guess its really no surprise but of course its never a happy day when you know the standard level of service is dropping.  Rising labour and material costs have put other projects on hold which is all part of the balance of how interelated things are.  Hopefully there will be more money for all […]

Edmonton Housing Prices Continue Upward Climb

The Edmonton Real Estate board has just released the market stats for August, 2006. I must say I’m surprised; I thought the increases would not be as big as they are – August set all new records. The average condo now costs over $200,000, and duplex and condo prices are up almost 15% in one […]

Western Canada Housing Bubble an Exaggeration

The other day we published an article from the Ottawa Business Journal which implied that there is a housing bubble in Edmonton and especially Calgary and Vancouver, based on a report from TD Canada. Well we found a new article with some more information on that report that refutes the idea that Edmonton’s bubble is […]

A Condo With Room for Your Horse!

Ok, I’m a horse lover so I may be a little biased here, but this is a great idea! Imagine owning a condo, with your horse in the back yard, and over 7km of trails to ride on. Plus, they’ll bring your horse right to your door when you’re ready to ride! Whoa…are we in […]

TD Warns of Potential Housing Bubble in Western Canada

Everyone knows property prices have gone through the roof in Calgary in Vancouver, and they are at new record-setting levels in Edmonton every month. TD Economics now says there is potential for a bubble in western Canada. The important thing to note is that they state that in Edmonton “affordability remains surprisingly good.” TD warns […]

Average Edmonton Home Now Costs Over $318,000

The most interesting bit of info in this article, is that the average home in Edmonton (not greater Edmonton) now costs over $318,000. Especially when 5 years ago only 6% of homes in Edmonton sold for over $300,000. So what does it all mean? Has the cost of housing inflated in Edmonton too quickly – […]

New homes in Edmonton, a safe investment?

Many times as a real estate agent I’ve been told by prospective buyers “we’re going to build.” This is a desire I completely understand, however I’ve often had mixed emotions about this. In certain cases I’ve been convinced that is the best alternative for my clients due to their needs and their ability to pay […]

Properties for sale in Edmonton

These hot new properties were listed by us today in Edmonton. Don’t wait to long – they won’t last. West Edmonton, 4lvl split with 1871 square feet on 3 levels. 4th level is mostly developed. Park like back yard, 3 full baths, 5 bedrooms and within walking distance of one of Edmonton’s most popular schools. […]

Alberta Land Titles Backlog

Brisk house sales cause backlog in land titlesLast Updated: Friday, August 11, 2006 | 4:14 PM MTCBC News People buying homes in Edmonton and Calgary are now waiting three weeks or more for their mortgage and land title paperwork to clear the system.Normally, the wait is two to six days. Eoin Kenny, spokesman for Alberta’s […]

New Office Building in Downtown Edmonton – First in 17 Years

So we’re finally getting some new office space in downtown Edmonton. It’s been a long time since something commercial has gone up – 17 years to be exact – a sure sign that this city is growing. Commercial rents are up 70-100% in the downtown core, further evidence of the tight market. It’s a three-story […]

Edmonton House Price Worries

The article below discusses the concern on pricing in Edmonton. I’d be worried if my home was in Vancouver, Toronto, or Calgary but right now our market still holds good value for buyers compared to other markets in Canada, and Alberta, especially when you consider employment, taxation and the province’s fiscal position. It may be […]