Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 756 (741, 861, 834)
Sales: 449 (408, 479, 460)
Ratio: 59% (55%, 56%, 55%)
Price Changes: 642 (435, 508, 439)
Expired/Off-Market Listings: 290 (147, 190, 149)
Net loss/gain in listings this week: 17 (186, 192, 225)
Active single-family home listings: 2975 (2942, 2754, 2559)
Active condo listings: 2377 (2358, 2294, 2213)
Homes 4-week running average: $481 ($483, $488, $493)
Condos 4-week running average: $239 ($236, $236, $236)




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Sales have come down from the record-high levels earlier this year, but they are still up from last year. The Bank of Canada announced another 50 basis point rate hike last week and warned of another one to come, to rein in inflation. You may recall, earlier in the year, I shared opinions from economists that said the housing market can withstand rate hikes if they are in small increments (ie 25 basis points at a time). Today's hike was the second 50 basis point hike so far this year and will further reduce demand. Meanwhile, listings continue to come on the market well above normal levels causing inventory to climb from well below normal to a more typical level for this time of year. We're still in a seller's market, but I don't expect that to continue…

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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: 741 (861, 834, 920)
Sales: 408 (479, 460, 554)
Ratio: 55% (56%, 55%, 60%)
Price Changes: 435 (508, 439, 442)
Expired/Off-Market Listings: 147 (190, 149, 246)
Net loss/gain in listings this week: 186 (192, 225, 120)
Active single-family home listings: 2942 (2754, 2559, 2380)
Active condo listings: 2358 (2294, 2213, 2110)
Homes 4-week running average: $483 ($488, $493, $499)
Condos 4-week running average: $236 ($236, $236, $231)


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Land title transfers are seriously delayed at the moment; according to the Alberta Registries Site, they are currently registering Land Title Documents received on February 16th and Survey Plans/Documents received on March 9th, which places the current processing times well above the industry standard. Below we dive into what land titles are, why they are important, the cause of these delays, the issues the delay may cause and what home buyers and sellers can do to protect themselves. 

What is a Land Title?

A land title is a document that proves ownership of a piece of land and the specific interests (such as mortgages, caveats and easements) registered on them. When a home is bought or sold, the land title is transferred to the new owner, 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: 861 (834, 920, 727)
Sales: 479 (460, 554, 536)
Ratio: 56% (55%, 60%, 74%)
Price Changes: 508 (439, 442, 378)
Expired/Off-Market Listings: 190 (149, 246, 148)
Net loss/gain in listings this week: 192 (225, 120, 43)
Active single-family home listings: 2754 (2559, 2380, 2202)
Active condo listings: 2294 (2213, 2110, 2050)
Homes 4-week running average: $488 ($493, $499, $500)
Condos 4-week running average: $236 ($236, $231, $233)


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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: 834 (920, 727, 719)
Sales: 460 (554, 536, 496)
Ratio: 55% (60%, 74%, 69%)
Price Changes: 439 (442, 378, 333)
Expired/Off-Market Listings: 149 (246, 148, 126)
Net loss/gain in listings this week: 225 (120, 43, 97)
Active single-family home listings: 2559 (2380, 2202, 2034)
Active condo listings: 2213 (2110, 2050, 2035)
Homes 4-week running average: $493 ($499, $500, $500)
Condos 4-week running average: $236 ($231, $233, $235)


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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: 920 (727, 719, 766)
Sales: 554 (536, 496, 555)
Ratio: 60% (74%, 69%, 72%)
Price Changes: 442 (378, 333, 336)
Expired/Off-Market Listings: 246 (148, 126, 128)
Net loss/gain in listings this week: 120 (43, 97, 83)
Active single-family home listings: 2380 (2202, 2034, 1854)
Active condo listings: 2110 (2050, 2035, 2012)
Homes 4-week running average: $499 ($500, $500, $494)
Condos 4-week running average: $231 ($233, $235, $240)

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Edmonton Real Estate sales in April are almost always higher than in March, but this year it appears as though the market has peaked quite early. Many buyers moved their purchase decisions earlier in the year as interest rates are on the rise. Meanwhile, listings are pouring on the market, no doubt fueled by rising prices, but this rising inventory is what will keep prices in check in the coming months. I will update this post later this week, when the REALTORS® Association of Edmonton releases their monthly report on the real estate market. 

Edmonton Stats

 1343 single-family homes were reported sold in Edmonton in April, up 14% from last year but down 17% from last month. The average price of a single-family home in…

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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: 727 (719, 766, 786)
Sales: 536 (496, 555, 507)
Ratio: 74% (69%, 72%, 65%)
Price Changes: 378 (333, 336, 279)
Expired/Off-Market Listings: 148 (126, 128, 207)
Net loss/gain in listings this week: 43 (97, 83, 72)
Active single-family home listings: 2202 (2034, 1854, 1725)
Active condo listings: 2050 (2035, 2012, 1949)
Homes 4-week running average: $500 ($500, $494, $492)
Condos 4-week running average: $233 ($235, $240, $243)

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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: 719 (766, 786, 659)
Sales: 496 (555, 507, 565)
Ratio: 69% (72%, 65%, 86%)
Price Changes: 333 (336, 279, 251)
Expired/Off-Market Listings: 126 (128, 207, 194)
Net loss/gain in listings this week: 97 (83, 72, -100)
Active single-family home listings: 2034 (1854, 1725, 1622)
Active condo listings: 2035 (2012, 1949, 1878)
Homes 4-week running average: $500 ($494, $492, $487)
Condos 4-week running average: $235 ($240, $243, $243)

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