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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 614 (682, 643, 589)
Sales: 548 (561, 563, 513)
Ratio: 89% (82%, 88%, 87%)
Price Changes: 238 (246, 220, 239)
Expired/Off-Market Listings: 111 (107, 95, 209)
Net loss/gain in listings this week: -45 (14, -15, -133)
Active single-family home listings: 1519 (1441, 1370, 1318)
Active condo listings: 1894 (1896, 1865, 1810)
Homes 4-week running average: $486 ($484, $486, $482)
Condos 4-week running average: $238 ($235, $226, $221)
Posted by Sara MacLennan on
We seem to be taking a breather with SFD prices, though I suspect that prices will take another leap up later this Spring to closer to $550K as people try to buy before their 2.X% five year rate mortgage approval expires and they have to lock in at 4.x%. Bond yields on the five year are soaring this week, which means we're likely to leave five year mortgages under 4% behind as distant memory in a few months.
Posted by Tom on Friday, March 25th, 2022 at 12:43pmWhere I live in Markham, Ontario a whole slew of houses just went up for sale. The peak of the Canadian housing bubble was 3 weeks ago. Talk is the Bank of Canada is going to raise half a percent this April 13th. If the U.S. Fed raises half a point in May oil will air pocket.
Posted by Tony on Monday, March 28th, 2022 at 10:41amLeave A Comment