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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 298 (352, 332, 399)
Sales: 235 (336, 318, 325)
Ratio: 79% (95%, 96%, 81%)
Price Changes: 183 (233, 225, 275)
Expired/Off-Market Listings: 191 (501, 195, 240)
Net loss/gain in listings this week: -128 (-485, -181, -166)
Active single-family home listings: 2255 (2347, 2626, 2745)
Active condo listings: 2201 (2201, 2355, 2385)
Homes 4-week running average: $437 ($444, $447, $450)
Condos 4-week running average: $213 ($221, $215, $217)
Posted by Sara MacLennan on
America is looking at hyperinflation as Jerome Powell does nothing about inflation. People can still afford homes in America but the windows is closing on the middle class. Soon the middle class will be shut out of the housing market in America forever. Interest rates will rise forever as real negative interest rates will make hyperinflation accelerate. Company pensions from the past will be worthless in the future. This is where the American and Canadian government will steal all the wealth. Only time will tell if contagion spreads worldwide due to the fallout at Evergrande. New Zealand, Australia and Canada will be in the crosshairs.
Posted by Tony on Saturday, December 11th, 2021 at 9:58amHyperinflation? Like 1000% a year?? Seems a bit dramatic even a few years or a decade at 10% would dramatically cut debt ratios.
Posted by Still employed in AB on Saturday, December 11th, 2021 at 3:23pmInflation?
Posted by GM on Monday, December 13th, 2021 at 8:47pmBring it on. It'll do wonders for my mortgage.
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