Alberta’s Population Boom Fuels Edmonton Real Estate Upswing – June 2024 Snapshot
Posted by Liv Real Estate on
In June 2024, the Greater Edmonton real estate market sustained its momentum, with a 10% increase in sales compared to the previous year, totalling 2,846 properties. This growth occurred alongside a modest 1% rise in new listings, tightening inventory levels significantly to 5,947 listings—a 17% year-over-year decrease. With only 2.1 months of supply, Edmonton's market dynamics firmly favour sellers, a trend that has persisted for over a year.
The backdrop to this market condition is Alberta’s notable population growth, reaching 4.85 million by April 1, 2024, an increase of 1.0% from the first quarter of 2023. This demographic trend is expected to keep real estate demand elevated well into the future.
Housing starts in Alberta were up 32% in May…
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