Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 433 (437, 360, 101) # Sales: 188 (213, 161, 102) Ratio: 43% (49%, 45%, 101%) # Price Changes: 190 (170, 54, 95) Expired/Off-Market Listings: 176 (143, 530, 511) Net loss/gain in listings this week: 69 (81,-331, -512) Active single-family home listings: 2125 (2135, 2095, 2087) Active condo listings: 1887 (1838, 1784, 1730) Homes 4-week running average: $432 ($430k, $412k, $404k) Condos 4-week running average: $195 ($209, $212k, $219k) Looks like sales are starting the year off well ahead of last year, and the two years before that, and prices of single-family homes are following the 2018 trajectory. At the recent housing market forecast, Benjamin Tal of CIBC predicted a soft spring and more active summer and fall; so far it looks like it could be an active spring in Edmonton.   "Act as if what you do makes a difference. It does." - William James Posted by Liv Real Estate on
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Agreed! Houses are white hot right now. Huge gains!!

Posted by Tom on Thursday, January 21st, 2021 at 7:32pm

Houses up, condos down.

Posted by GM on Thursday, January 21st, 2021 at 8:47pm

Ouch. I didn't see the condo prices. Just one distressed seller who needs to sell below market hurts all condo prices in that neighbourhood. It's really a race to the bottom with condos. I don't understand why anyone would buy in that market thinking that prices would ever go up. Even in this red hot real estate market, condos are decreasing. I would say 95%+ of condo buyers will lose money.

Posted by Tom on Thursday, January 21st, 2021 at 10:16pm

What's your prediction for SFH prices in Edmonton over the next year?
I realize interest rates are low so lots of people want to buy now, but the Keystone XL pipeline just got cancelled so that's not great for Alberta.
Will we be higher a year from now, lower, or the same?

Just trying to get a feel for the real estate market in Edmonton and Alberta right now.


Posted by GM on Monday, January 25th, 2021 at 4:09am


We're still seeing a lot of pent-up demand for single-family homes, and the BoC has said they're going to keep rates low for the remainder of the year. However, if we want to see sustained demand, the market fundamentals need to improve, namely, employment. I could see single-family home prices increasing slightly this year, in the 1-2% range, but that's about it. Hope that helps,

Posted by Sara MacLennan on Tuesday, January 26th, 2021 at 1:35am

Thanks. Yeah, I don't see the job situation improving for quite a while.

Posted by GM on Wednesday, January 27th, 2021 at 12:49am

Re: Thanks. Yeah, I don’t see the job situation improving for quite a while.

{Comment truncated by the moderator. Tony, please refrain from using racial slurs/slang or we will block your comments.}

Posted by Tony on Wednesday, January 27th, 2021 at 9:52pm

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