“We are in the middle of our busiest season for real estate,” says James Mabey, REALTORS® Association of Edmonton Chair. “More sellers are entering the market and are motivated to move their properties before the summer months, which provides the best selection of properties for buyers who are actively looking and taking advantage of the increased number of listings typical for this time of year.”New listings and inventory jumped up in May (to the highest levels we've seen in ten years), and for the first time this year we finished out the month with more listings than we had on the market last year. For the first few months of this year, we saw lower supply and higher demand than last year, but that trend has now reversed.
Notley was why oil prices declined too? Put any govt in power and it would not change anything. Notley did not need to put in that carbon tax, because her Kinder Morgan pipeline is going to be a pipe dream. I do not think the alternative is going to be better but Notley needed to see with her rose colored glasses off to be re-elected you cannot add more taxes. Wont mention a few other policies. Now a mandate she started will come to short order.Posted by Vault on Thursday, June 1st, 2017 at 8:13pm
This market will explode once Notley is gone.Posted by GM on Friday, June 2nd, 2017 at 3:16am
When Notley will be gone, the new government will not borrow like crazy, the gov jobs will be reduced and real estate will collapse... The only thing keeping the market stable is the money borrowed by NotleyPosted by Bubu on Friday, June 2nd, 2017 at 4:07am
No panic guys! This stagnation in prices is gonna be temporary just 4 to 5 more years and prices will start to pick up again. Just be patient that's real estate 20 to 30 years sometimes to see real price increases. What happened in Vancouver and Toronto the last few years already happened in Alberta from 2001 to 2007 when prices doubled and even tripled so it's reasonable to think this cycle will not happen for another 20 to 30 years counting from 2007Posted by Wally on Friday, June 2nd, 2017 at 5:41am
The Chinese buyers have been chased away from Vancouver. Now they're chasing them away from Toronto. Perhaps they'll now focus their buying on Calgary and Edmonton. That is, before Nutley puts the kaibosh on it and puts in a house purchase tax.Posted by GM on Monday, June 5th, 2017 at 4:59am