The real estate market finished out the year strong with the most sales we've seen in the Greater Edmonton Area (GEA) in December since 2007. After a rocky start, total sales in 2020 finished 3% ahead of 2019, with single-family homes in the communities outside of Edmonton - particularly St. Albert and Sherwood Park - seeing the largest gains. The benchmark price for single-family homes was up 4.1% compared to last December, while apartment-style condos continued to see declines (3.5% down from last year). The REALTORS Association of Edmonton® will hold their annual forecast on January 13 and will include a forecast from Benjamin Tal of CIBC World Markets Inc., who happens to be my favourite economist, and I will be liveblogging the event right here. Don't miss it!
Where I live the bottom end of the resale apartment market cost the same as Edmonton today way back in 1972 before inflation took off in 1973 and 1974. I lived in Scarborough, Ontario back then.Posted by Tony on Thursday, January 7th, 2021 at 1:02am