Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 450 (235, 89,218) # Sales: 120 (113, 68, 158) Ratio: 27% (48%, 76%, 72%) # Price Changes: 248 (167, 71, 178) # Expired/Off Market Listings: 245 (720, 174, 306) Net loss/gain in listings this week: 85 (-598, -153, -246) Active single family home listings: 2999 (2958, 3293, 3401) Active condo listings: 1809 (1762, 1983, 2031) Homes 4-week running average: $ 414k ($431k, $423k, $424k) Condos 4-week running average: $216k ($214k, $205k, $205k) The REALTORS® Association of Edmonton held their annual forecast seminar this week and predicted another year of high inventory and low demand, which will put more pressure on prices in the region - this article summarizes the forecast well. Have a great weekend! Posted by Liv Real Estate on
Email Send a link to post via Email

There’s just way too many costs associated with the home buying process now and everyone wants their cut, realtors 5% on sale and purchase so that’s 10% if you move, banks and mortgage penalties, CMHC with their insurance, land transfer tax, and now jumping through hoops to get approved and now higher interest rate costs. If you factor these in youd have to stay someplace at least 4 years to make owning worthwhile on an average 250k condo. You could be easily be at 30 grand in these built in costs. It’s crazy.

Posted by Curtis on Friday, January 11th, 2019 at 2:42am

Received my 2019 property tax assessment from the City this week for my rental unit. Value is down 11% in one year, bringing the two year drop to 14%. Cash flow positive or not, I’m losing gross amounts of money.

This is pretty typical of any condos right now, and it’s a great reminder that RE is just another asset class that that can go up, down, or sideways and certainly isn’t some magical asset that never goes down. Plus there’s a ton of pain in the butt factor- my financial portfolio never asks for a special assessment, and there’s never an issue collecting rent.

Posted by T-Rev on Saturday, January 12th, 2019 at 2:08am


This is true. Even in a normal real estate market it's very difficult for the average person to truly turn a profit once you factor in all costs including time and the opportunity cost of your money..

Factoring in how leveraged the average rental owner is a 14% loss on the property is likely close to a 100% loss for most people's overall net worth... Sad but true

Posted by Greg on Saturday, January 12th, 2019 at 4:49am

It's getting very ugly out there. Nothing is selling. I can't remember it ever being this bad.

Thanks Notley.
Thanks Trudeau.

Posted by GM on Sunday, January 13th, 2019 at 7:52pm

The housing market definitely isn't doing well. When speaking to friends/family about their house sales, many of them have indicated that showings are consistent but, because the buyers have so many options so there is a lower chance the house will sell. The only houses that are actually moving are the ones that have been undervalued, due to the seller being in a tough spot. I think it also has to do with mortgages being harder to qualify for so there are less buyers in the market place.


Posted by MG on Wednesday, January 30th, 2019 at 10:41pm

Leave A Comment

Please note that your email address is kept private upon posting.