Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 548 (551, 584, 616) # Sales: 323 (319, 331, 323) Ratio: 59% (58%, 57%, 52%) # Price Changes: 532 (478, 455, 512) Expired/Off Market Listings: 227 (204, 224, 404) Net loss/gain in listings this week: -2 (28, 29, -111, 151) Active single family home listings: 4423 (4416, 4430, 4387) Active condo listings: 2544 (2538, 2495, 2474) Homes 4-week running average: $419k ($424k, $423k, $424k) Condos 4-week running average: $236k ($231k, $232k, $231k) Have a great weekend! Posted by Liv Real Estate on
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We're finally starting to see the search for yield in something tangible or non-rigged or non-manipulated or non-ponzi. Like I said before gold is rigged, the U.S. stock market is more overvalued than during the tulip bulb craze. High yield bonds carry more risk than ever. Earnings are falling in America making corporate bonds more risky. There isn't many places to put money but the longest bear market of all time (longer than the 33 year bear market in the Canadian dollar) that being the "spread" between single detached home prices and condo prices is finally starting to narrow. These spreads don't exist anywhere else in Canada just in Alberta. It's been almost 50 years since the spread was at normal levels.

Posted by Tony on Thursday, June 27th, 2019 at 10:23pm

I love when people say US equities are overvalued and they rise another 15%. Never bet against America.

Posted by Karlhungus on Friday, June 28th, 2019 at 12:36am

Agree with Karl. Lots of smart people end up outsmarting themselves at the expense of their investment portfolios. A diverse portfolio of American equities has always provided the best risk adjusted returns over a long enough investment horizon... no matter what the spread between the price of a house and condo is..........

Posted by Greg on Friday, June 28th, 2019 at 8:11pm

Spread between condos and SDH??? Heard it all now. People have been calling for a correction in equities for three years. In that time they have missed out on a 50% increase. The correction will come (as it does for everything) but I would rather have been along for the whole ride than sitting on the sidelines earning diddly squat. Good luck playing the spread Tony!

Posted by Stu on Sunday, June 30th, 2019 at 5:10am

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