Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 693 (513, 580, 497) # Sales: 238 (230, 226, 181) Ratio: 34% (45%, 39%, 36%) # Price Changes: 382 (387, 315, 299) Expired/Off Market Listings: 403 (150, 188, 127) Net loss/gain in listings this week: 52 (133, 166, 89) Active single family home listings: 3767 (3731, 3650, 3560) Active condo listings: 2213 (2194, 2134, 2073) Homes 4-week running average: $421k ($417k, $427k, $419k) Condos 4-week running average: $212k ($206k, $207k, $214k) Have a great weekend!   Posted by Liv Real Estate on
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With mortgage rates set to fall further if you can rent out a resale apartment or a resale townhouse you're looking at a yearly return of 10 to 15 percent which beats a GIC or U.S. high yield bonds or losing everything in the U.S. stock market when the ponzi implodes.

Posted by Tony on Thursday, April 4th, 2019 at 8:11pm

Great idea Tony.... until the tenant completely wrecks your place and skips town without paying the rent.
Or worse, won't pay rent but refuses to leave. Tenancy laws are not there to protect the landlords.

Posted by GM on Thursday, April 4th, 2019 at 11:21pm

If the average condo price = $200K, you'd need a rental income of $1700 pm, a free mortgage, zero condo fees, zero maintenance expense and zero insurance to get a 10% return. And that does not take into account the opportunity cost of the $200K, which cannot be less than $4K annually, which would have to be added to the rent quoted above.

People, if you want to invest, rather than buy a home, don't do it in the Edmonton housing market. Learn from 2008.

Posted by Ed on Friday, April 5th, 2019 at 12:05am

200k condo
Rent for 1700 a month

That's only achievable in Edmonton actually anywhere else it is impossible to get 200k condo ...

What about 5 x leverage with mortgage..math is different with that

Posted by Lez on Friday, April 5th, 2019 at 1:33am

Tony, the return from mortgage pay down excluding appreciation would be about 2-3% only.

Posted by Wally on Friday, April 5th, 2019 at 2:47am

If the NDP win again, sell everything.

Posted by GM on Friday, April 5th, 2019 at 6:47am

Where else can you get properties for 200 or 300k....and rent it out ?

Posted by Le on Saturday, April 6th, 2019 at 2:17am

Where did you get this 1700 rent for a 200k condo from? You can rent a very nice townhouse for 1400.

Posted by Wally on Saturday, April 6th, 2019 at 4:10am

Looks like QE4 and a fake commodities boom compliments of a falling American dollar with zero interest rates. You want to own rental properties, long term bonds, gold, silver, oil, base metals, American stocks "short term" before the ponzi implodes and possibly Bitcoin.

Posted by Tony on Saturday, April 6th, 2019 at 8:35pm

Falling American dollar??? It's at its all time high. Perhaps you mean the Canadian dollar, which is falling and heading lower.
Zero interest rates? Where? I'd sure like to get a mortgage for 0% interest. Please tell me where I can get this.

Posted by GM on Tuesday, April 9th, 2019 at 5:03am

Right around the corner with the trade deal with China that will destroy the U.S. dollar.

Posted by Tony on Thursday, April 11th, 2019 at 6:29am

A trade deal with China is going to destroy the US dollar???

The US doesn't have morons doing their negotiating like Canada does. Their deal will benefit the US or they won't sign it. Unlike Canada.

Posted by GM on Friday, April 12th, 2019 at 5:57am

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