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)


685 Views, 0 Comments

Read Full Post

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…

1451 Views, 0 Comments

Read Full Post

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)

672 Views, 0 Comments

Read Full Post

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)

736 Views, 0 Comments

Read Full Post

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)

552 Views, 0 Comments

Read Full Post

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)

652 Views, 0 Comments

Read Full Post

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…

1361 Views, 0 Comments

Read Full Post

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)

679 Views, 0 Comments

Read Full Post

As the leaves begin their annual transformation, Edmonton's real estate market is still going strong. In September 2024, the benchmark price for single-family homes escalated by 9% year-over-year to an impressive $476,500. This upward trajectory was most pronounced in multifamily dwellings, with apartment-style condos and townhouses witnessing a 10% and 12% increase to $197,900 and $267,800, respectively.

Sales in the greater Edmonton area were up 10% compared to last September, well above the seasonal norm. Inventory remained well below traditional levels, with 5,692 active listings at the end of the month, dwindling by 13% from last year. We're in a persistent seller's market wIth 2.5 months of supply.

The Bank of Canada cut its benchmark rate by…

2983 Views, 0 Comments

Read Full Post

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)


681 Views, 0 Comments

Read Full Post