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 (433, 437, 360) # Sales: 249 (188, 213, 161) Ratio: 55% (43%, 49%, 45%) # Price Changes: 175 (190, 170, 54) Expired/Off-Market Listings: 145 (176, 143, 530) Net loss/gain in listings this week: 56 (69, 81,-331) Active single-family home listings: 2148 (2125, 2135, 2095) Active condo listings: 1940 (1887, 1838, 1784) Homes 4-week running average: $422 ($432, $430k, $412k) Condos 4-week running average: $210 ($195, $209, $212k) This week, a new survey revealed what I think all of us already know: Albertans are less confident in the housing market and the economy than the rest of Canada.
When it came to real estate, 45 per cent Canadians felt the housing market was strong. Albertans were also more confident with 32 per cent optimistic about real estate.
I have to admit, it kind of feels like all 32% of the Albertans feeling good about the housing market are out shopping for houses right now. Sales are well above recent years, and agents are very busy with showings, especially in the lower price ranges. I've heard stories about agents lined up out front of listings with their clients; in this weather, those are some serious buyers!  

“You Don’t Have To Be Great To Start, But You Have To Start To Be Great.” – Zig Ziglar Posted by Liv Real Estate on
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Looks great! We're continuing our climb upwards!

Posted by Tom on Friday, January 29th, 2021 at 1:20am

Looks to me like we're going down.

Posted by GM on Friday, January 29th, 2021 at 7:39pm

Re: Looks to me like we’re going down.

The Chinese are continuing to buy up all the new projects and everything sells out the first day or hour the sales office opens. Albertans someday will figure it out. Canadian home prices to rise sharply on the back of brand new home sales.

Posted by Tony on Saturday, January 30th, 2021 at 4:00am

GM: I'm looking at year over year price increases for SFD

Posted by Tom on Saturday, January 30th, 2021 at 4:48am

Tom, the chart shows we are way below 2018 prices.

Posted by GM on Sunday, January 31st, 2021 at 5:34am

GM: I mean compared to last year.

Posted by Tom on Sunday, January 31st, 2021 at 9:35pm

I could have sold my home for more money 15 years ago.
Prices have stayed the same or gone down for that long.

Posted by GM on Tuesday, February 2nd, 2021 at 5:43am

Hopefully it will go up; I sold my SFH in Calgary back in 2017 at the highest, and it has been going down since. That September, I also manager to sell a condo in Calgary for $300K, just break even then; now that condo only worth $190K.

While here in GTA (outside Toronto), my SFH market value is 1.2, almost double in 4 years. I just give up, I don't understand why it goes up so much, but just glad I am on the right side of the fence.

Posted by Jason (Toronto) on Thursday, February 4th, 2021 at 2:32am

Jason, buy a property in Edmonton or Calgary. It will immediately cash flow.

Posted by GM on Thursday, February 4th, 2021 at 10:14pm

It's very easy to understand what is going on.
Justin Trudeau's goal is to completely destroy Alberta. He has been working on this goal ever since he got into office. His goal is to make Quebec and to a lesser extent Ontario economic powerhouses and make Alberta an economic wasteland. His plan is working.

Posted by GM on Friday, February 5th, 2021 at 6:32am

Sure, we know that. Even Biden is moving to EV, I own a Tesla 3 Long Range for couple of years now and can understand the benefit. But it still cannot explain why house price goes up so much in GTA, my neighbor just sold his house at a whooping 1.38 million. I mean how can anyone afford it.

I lived in Edmonton and Calgary for quite a while, it's nice cities except it's a bit cold. At $400,000, any people with a decent income can afford it. Here, a average condo costs at least half a million and that is with COVID crisis. Everyone ask me to buy properties to invest, but I just have no gut to do it.

Posted by Jason (Toronto) on Friday, February 5th, 2021 at 6:56am

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