Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 495 (566, 581, 648) # Sales: 285 (264, 247, 266) Ratio: 58% (47%, 43%, 41%) # Price Changes: 528 (553, 485, 567) # Expired/Off Market Listings: 262 (302, 307, 565) Net loss/gain in listings this week: -52 (0, 27, -183) Active single family home listings: 4720 (4741, 4729, 4672) Active condo listings: 2905 (2930, 2934, 2958) Homes 4-week running average: $429k ($429k, $422k, $436k) Condos 4-week running average: $242k ($250k, $230k, $244k) Has single family home inventory finally peaked in Edmonton? I hope so! Have a great weekend! Posted by Liv Real Estate on
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Inventory not going down. Not good.

Posted by GM on Thursday, August 23rd, 2018 at 10:22pm

Come UCP, it will be worse.

Posted by Mike on Thursday, August 23rd, 2018 at 10:58pm

Remember the day before the US election results where every "expert" - without exception - was telling us to sell all of our stocks if Trump won because the stock market would plunge on a Trump presidency?

I do.

Posted by GM on Friday, August 24th, 2018 at 11:01pm

It was common knowledge if Trump won the election U.S. stock market would drop 50 percent and if Hillary won the election U.S. stocks would drop 20 percent. Trump the fed and the central bankers turned the stock market into a three ring circus sideshow after he was elected. A 100 percent rigged pure ponzi with zero relationship to the real economy. Trump should be impeached for this alone yet no central bankers get arrested and the ponzi continues. At the same time the central bankers monkey hammer gold and silver constantly. In theory the U.S. stock market should have the biggest crash in history a crash even deeper than the 89 percent drop from the '29 crash as the world economies deteriorate year after year. All the 401k's will be toast as well as the people who buy and hold.

Posted by Tony on Sunday, August 26th, 2018 at 4:34am

What the hell are you talking about?
US GDP is about to hit 5%. Obama said that 4% was impossible.
Strongest economy in several decades. That's why the stock market is on a tear. There is no "ponzi scheme".
You've obviously invested all your money in gold and silver and watched helplessly as the market took off without you, while your precious metals plunged in value.

Posted by GM on Sunday, August 26th, 2018 at 9:11pm

Hey Mike,
As soon as we're allowed to. Note - does not publish sales prices of homes in Edmonton, they do in many American cities but not here. Yet.

Posted by Sara MacLennan on Monday, August 27th, 2018 at 1:55am

The most interesting development in the RE industry is the Supreme Court's TREB decision and it's impact on the industry across Canada.

So far, brokers in Toronto are falling all over themselves to make the data public.

What will EREB do?

Posted by GPC on Monday, August 27th, 2018 at 4:16am

Please limit the discussions to real estate matters. Many of the discussions posted are not related to the topic ( the USA economy, US politics, and Canadian politics., etc.)

Posted by jon on Monday, August 27th, 2018 at 5:49am

Sara, When are you guys publishing sales prices of Edmonton homes...just like
Would be a nice first here.

Posted by Mike on Monday, August 27th, 2018 at 7:22am

Well it's not surprising that TREB is threatening to sue their own members who publish Real Estate data without password protection.

A shame they refuse to see that this is a great opportunity for the industry and it's a shift that's going to happen whether they like it or not.

Posted by GPC on Wednesday, August 29th, 2018 at 5:51am

Jon you sound disgruntled! The economies of the world are fairing a lot better than anyone anticipated despite tariffs, China tension etc. I think you will get your correction at some point in the medium term but it isn't because of a 'ponzi' scheme. We are in the tail of the longest bull run in share market history. History says that it will correct eventually.

Posted by Stu on Wednesday, August 29th, 2018 at 6:19am

Stock market crash is long overdue for sure. There is no economical basis for the growth of stocks compared to actual growth of economy. How much does it come down or when (tomorrow? next week? next month or next year?) is anybody's guess.

Posted by a common guy on Wednesday, August 29th, 2018 at 9:10pm

The economies of the developed world are going along quite well in terms of growth. The stock market will always front run the economies. Of course there will be a correction. there always is. However the people saying the Dow will be at 1,000............. good luck with that. And good luck with your day trading!

Posted by Stu on Thursday, August 30th, 2018 at 2:27am

We're in the longest bear market rally in history... you'll learn. We might see DOW 1,000 again when this perpetrated ponzi implodes. I've been in the stock market since the late 1970's and day trading since the days of discount brokers. I'm telling you this market will fall harder than the 89 percent fall in the ''29 crash.

Posted by Tony on Thursday, August 30th, 2018 at 6:26am

We might see the Dow at 1000? Where do these tin foils come from? You'll never see it at 10,000 let alone 1000

Posted by Karlhungus on Thursday, August 30th, 2018 at 7:09am

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