(*Note, the graph legend will be updated shortly to show 2019, but the new numbers are still charted on graph(s) above).
Have a great weekend:)
Posted by Liv Real Estate
on
6 Responses to Weekly Market Update, Jan. 4/19
The replacement cost of the resale townhouses is about 2 to 3 times what they sell for today. Edmonton should be promoted as a retirement destination because of the low cost of living as well as low taxes and no surtaxes or supersurtaxes.
Posted by Tony on Monday, January 7th, 2019 at 8:29pmRetirement destination ? Hell , there are so many places with lower cost of living and better climate .
Posted by Andrii on Monday, January 7th, 2019 at 11:45pm2 to 3 times replacement cost ??? How..... Like if one is for sale for 250k...it is built for 750?
Posted by Leslie on Tuesday, January 8th, 2019 at 2:00amWow - condos seem to be in a free fall. Is this a buying opportunity, or is there more bad news to come?
Posted by Smitty on Tuesday, January 8th, 2019 at 4:46amDoes anyone have any stats on the rental market in Edmonton? What do vacancy rates look like? This seems like it could be a time to buy and have some positive cashflow because of the low purchase price.
Thanks for all of this useful information!
Hi!
Posted by Caroline on Friday, January 11th, 2019 at 1:12amIn a down real estate market, it would be nice to have access to the average/mean number of days on market to sell a house or condo. Just a thought...
Thanks for the suggestion - we include that information in our monthly reports.
Posted by Sara MacLennan on Sunday, January 27th, 2019 at 6:09amLeave A Comment