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)

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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…

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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)

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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…

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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)


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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: 542 (611, 544, 433)
Sales: 422 (435, 388, 430)
Ratio: 78% (71%, 71%, 99%)
Price Changes: 320 (340, 288, 332)
Expired/Off-Market Listings: 226 (249, 326, 165)
Net loss/gain in listings this week: -106 (-73, -170, -162)
Active single-family home listings: 2337 (2371, 2340, 2320)
Active condo listings: 1513 (1506, 1512, 1567)
Homes 4-week running average: $516 ($510, $501, $510)
Condos 4-week running average: $234 ($233, $234, $235)

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Are you dreaming of owning your own home but struggling to navigate the challenging housing market? Well, we have some fantastic news for you! The Canadian government has recently announced some significant changes to mortgage policies that could make owning your dream home a whole lot easier. So, let's dive into what these updates are and what that means for you!

What Are the Key Updates?

Increased Price Cap for Insured Mortgages: The price cap for insured mortgages has been raised from $1 million to $1.5 million, effective December 15, 2024. This adjustment aims to reflect the current housing market realities and enable more Canadians to qualify for a mortgage with a down payment below 20 percent.

Expansion of Mortgage Amortizations: Starting…

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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: 611 (544, 433, 530)
Sales: 435 (388, 430, 470)
Ratio: 71% (71%, 99%, 89%)
Price Changes: 340 (288, 332, 344)
Expired/Off-Market Listings: 249 (326, 165, 196)
Net loss/gain in listings this week: -73 (-170, -162, -136)
Active single-family home listings: 2371 (2340, 2320, 2358)
Active condo listings: 1506 (1512, 1567, 1602)
Homes 4-week running average: $510 ($501, $510, $516)
Condos 4-week running average: $233 ($234, $235, $235)

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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: 544 (433, 530, 565)
Sales: 388 (430, 470, 460)
Ratio: 71% (99%, 89%, 81%)
Price Changes: 288 (332, 344, 337)
Expired/Off-Market Listings: 326 (165, 196, 205)
Net loss/gain in listings this week: -170 (-162, -136, -100)
Active single-family home listings: 2340 (2320, 2358, 2348)
Active condo listings: 1512 (1567, 1602, 1594)
Homes 4-week running average: $501 ($510, $516, $529)
Condos 4-week running average: $234 ($235, $235, $235)

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In August 2024, the Greater Edmonton real estate market once again demonstrated robust growth amidst evolving economic conditions. The benchmark price for single-family homes reached a record high of $476,700, marking a significant 7.6% increase from the previous year. Furthermore, apartment-style condos and townhouses witnessed remarkable growth, with prices surging by 10.6% to $197,700, and 14.8% to $269,800, respectively.

Despite a seasonally typical 12% decrease in sales from the bustling activity observed in July, sales in August notably increased 15% from last year, substantially exceeding typical levels for the season. Even with a 5% year-over-year increase in listings, strong demand has ensured that inventory levels remain below the norm. By…

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