Sales in the Greater Edmonton area were up 46% over last January! We don't expect the pace of sales to stay ahead of previous years for much longer, we're still dealing with pent-up demand due to extremely low-interest rates and people wanting more space for working and learning from home. The Bank of Canada has committed to keeping rates low for 2021, but the Alberta economy is not expected to get back to pre-pandemic levels for a couple of years, and a weak labour market is expected until the end of next year. Some fundamental shifts are needed (employment, migration) before improvements in the market will be sustainable. I'll update this post with the Greater Edmonton Area stats after the REALTORS® Association of Edmonton releases their report later this week.

City of Edmonton Stats

Single-family home sales in Edmonton started the year out strong! Up 37% over last year, 535 single-family homes were reported sold in January in Edmonton - the most we've seen in January since 2008. Posted by Liv Real Estate on
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All those sales... yet the prices don't change at all.

Posted by GM on Monday, February 1st, 2021 at 8:28pm

Price follows sales.

Posted by Karl hungus on Thursday, February 4th, 2021 at 8:13pm

Wow! We're booming! Just insanity.

Posted by Tom on Thursday, February 4th, 2021 at 9:05pm

Thanks for such an interesting blog and the given content is extremely good. Keep posting such an amazing blogs, Will definitely share with my friends.

Posted by Anar RubTech Pvt.Ltd. on Sunday, February 7th, 2021 at 7:28pm

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