Real Estate Market Cools Off in Edmonton in June – UPDATED

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area real estate market this week saying: “Average prices are remaining stable, however sales are slower than typical for this time of year,” says REALTORS® Association of Edmonton Chair Darcy Torhjelm. “With increasing inventory and days on market, couple with decreasing sales, sellers […]

Home Sales Pick Up in Edmonton in May – UPDATED

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton real estate market showing a slight decline in both prices and sales, and big increases in new listings and inventory. Here’s our snapshot of the market in May:   Edmonton Stats Our preliminary look at the Edmonton real estate market in May shows […]

Home Buyers Spent Less in Edmonton in April – UPDATED

Most of the big banks in Canada raised mortgage rates over the past few days, delivering another hit to our slow real estate market. While the increase might cause a small short-term surge in activity, as buyers look to take advantage of any rate holds they may have, the overall effect will likely decrease demand even further […]

Slow Spring Market in Edmonton – UPDATED

The REALTORS® Association of Edmonton released their report on the Greater Edmonton Area real estate market for March this week saying: “We generally see housing market activity increase at this time of year,” says Darcy Torhjelm, REALTORS® Association of Edmonton Chair. “Despite the year over year decreases, the market is still growing relative to February 2018 […]

How Rising Mortgage Rates Affect Renewals

Higher mortgage rates don’t just impact people in the market, for the first time in quite awhile, homeowners that need to renew their mortgages are looking at significantly higher rates than what they’ve been paying for the past five years. According to this Globe and Mail article, those who bought a house 5 years ago […]

Demand for Real Estate Cools in February in Edmonton – UPDATED

Here is our snapshot of the Greater Edmonton Area real estate market based on the monthly report released by The REALTORS® Association of Edmonton (Edmonton only comments and charts follow):   Edmonton Stats After a more active January, the real estate market cooled off a bit in Edmonton in February; single-family home sales were above […]

Real Estate Sales, Listings and Inventory up in Edmonton in January – UPDATED

These charts really tell the story about what is happening with the Edmonton real estate market. Sales are up 14% over last year, while inventory is up 7% over last year to the highest level we’ve seen in January in 10 years. A lot of buyers seem to have moved their purchase forward due to […]

New Mortgage Rules Boost Real Estate Sales in Edmonton in December – UPDATED

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton real estate market today: “2017 was a steady year for real estate in Edmonton and many of the surrounding municipalities, where sales and prices were quite stable for the majority of the year,” said Darcy Torhjelm, REALTORS® Association of Edmonton Chair. “For most […]

Edmonton Single Family Home Sales Jump in November – UPDATED

The REALTORS® Association of Edmonton has released their monthly report on the Greater Edmonton real estate market for November, so I’ve updated our monthly report (original Edmonton stats are at the end of this post). Residential sales were up 12.42% over last November, which the Association attributes to the upcoming mortgage rule changes. While I […]

Single Family Home Sales Strong in October – Updated

Today the REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area real estate market in October saying: “We continue to see stability in the all-residential average and median prices, and this stability has been primarily due to strong sales of single family homes, which are a staple of our marketplace,” explains James […]

Real Estate Optimism in Edmonton? What’s Up?

For the first time in a long time, I’m seeing a lot of positive headlines related to Edmonton, and Alberta as a whole, the economy and the real estate market. I don’t know about you, but I kind of forgot what that’s like! Here’s what people are saying… A report released Monday by the Real […]

Real Estate Prices Stable in Edmonton in September, Despite Lower Sales – UPDATED

UPDATE – The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Real Estate Market this week showing fairly stable prices amidst lower than normal sales. As we’ve been discussing on this blog all year, the big story in Edmonton is inventory, which is well above normal levels. Meanwhile, builders have been busy […]

Single Family Sales Steady in Edmonton in August – Updated

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area Market Today, saying: “Entry level buyers appear to be turning their attention to semi-detached product for the best value, as opposed to condominiums. Changes to mortgage rates and qualifying rules may be impacting these segments. In the current market there is […]

Condo Prices on the Rise in Edmonton in July, Despite Slow Sales – UPDATED

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Real Estate market this week:  “Inventory is still strong for buyers, and marginal adjustments in year-over-year prices indicate a stable market for sellers,” said James Mabey, REALTORS® Association of Edmonton Chair. “Sellers must remain patient but mindful of their positioning in the market […]

Single Family Homes Reach Record Price in Edmonton in June – Updated

Updated –  the REALTORS® Association of Edmonton has released their monthly stats on the Greater Edmonton Real Estate Market, and the average residential sale price has reached the highest level we’ve seen in at least 9 years. Meanwhile, demand is normal, and supply is exceptionally high. So here’s the deal… inventory is a leading indicator of […]

Slow Spring Market in Edmonton

We’ve been hearing lots of good forecasts for the Alberta economy lately, but the real estate market remains relatively slow in Edmonton. The real estate market tends to lag behind other economic factors, so I’m not surprised that the market is a little slow, even though the year started off showing lots of positive signs. The […]

Real Estate Market Slows Considerably in Edmonton in April – Updated

The REALTORS® Association of Edmonton has released their monthly report on the real estate market saying: “Average monthly prices across all categories have increased,” says James Mabey, REALTORS® Association of Edmonton Chair. “Despite slightly slower April sales, the spring buying season is off to a solid start.” I had a different interpretation of the numbers […]

Real Estate Sales up Slightly in Edmonton in March – UPDATED

The REALTORS® Association of Edmonton released their monthly report on the real estate market in Edmonton this week, saying: “We generally see activity in the housing market start to increase at this time of year,” says James Mabey, REALTORS® Association of Edmonton Chair. “Buyers can look forward to more inventory to choose from and sellers […]

Real Estate Sales on the Rise in Edmonton in February – Updated

Things are looking a lot better than last year in a few real estate categories in Edmonton this month, with supply coming down, and demand coming up. Sales were up over last year, and sales tend to be a leading indicator for prices – when sales go down, prices inevitably follow and when sales go […]

Real Estate Prices on the Rise in Edmonton in January – Updated

I’m going to change things up a bit…Normally I post a preliminary report on the Edmonton market on the first of each month, and a second report on the greater Edmonton area when the REALTORS® Association of Edmonton releases their stats. From now on I’m just going to publish one report on the 1st of […]