Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 332 (399, 469, 464) # Sales: 318 (325, 304, 298) Ratio: 96% (81%, 65%, 64%) # Price Changes: 225 (275, 357, 363) Expired/Off-Market Listings: 195 (240, 263, 528) Net loss/gain in listings this week: -181 (-166, -98, -362) Active single-family home listings: 2626 (2745, 2814, 2861) Active condo listings: 2355 (2385, 2427, 2463) Homes 4-week running average: $447 ($450, $447, $439) Condos 4-week running average: $215 ($217, $220, $223)           Posted by Liv Real Estate on
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Looking good! Hopefully with this new South Africa variant, any rate increases in 2022 are off the table, and we'll see another big jump in SFD prices next year.

Posted by Tom on Thursday, November 25th, 2021 at 7:12pm

If they shut down the province again it will lead to a lot more bankruptcies. Most businesses are hanging on by their fingernails as it is.
The city's tax base will disappear and guess who will have to foot the bill.
If you think this year's property tax increase is outrageous, just wait until next year.

Posted by GM on Thursday, November 25th, 2021 at 8:00pm

If they do lockdown temporarily this winter, it'll certainly be accompanied by new government programs to pay the bills for everyone impacted. In fact, average income increased compared to pre-Covid because of all the spending. We'll be fine, and housing will surge again.

Posted by Tom on Thursday, November 25th, 2021 at 10:03pm

Just how many south Africans are coming to Edmonton? They hate cold weather. The stories you hear on the news get stranger and stranger. I'm sure everyone has just given up believing anything they print in the news. One day a variant is from Europe the next day its Africa and maybe tomorrow they'll tell us its from down under in Australia.

Posted by Tony on Friday, November 26th, 2021 at 12:01am

It's called Omicron. You should NOT call it by the African name, or whatever xenophobic name you want to give it. Stop it. Also I'm hearing rumours of a lockdown shortly before Christmas to avoid further spread by banning holiday gatherings.

Posted by Tom on Friday, November 26th, 2021 at 12:19am

Trudeau restricted flights to and from Africa. We're safe.

Posted by Tony on Saturday, November 27th, 2021 at 1:35am

I know many people (20+) in western Canada heading to a wedding in a different region of Africa. Pent up demand for Christmas travel is real. Inflation might now be the number one concern among Canadians so Governments will be careful with how much money they print.

The bank of Canada has one job - to target inflation!

Posted by Still employed in AB on Saturday, November 27th, 2021 at 3:22am

There's nothing Canada can do for inflation. Tiff Macklem has said that it's a global supply chain issue, and that prices will go back down when that's solved, and he's not in any rush to increase interest rates soon. He also has basically said that he won't raise rates before the US. And with this latest variant, the US bond market is now indicating that it's unlikely that the US feds will hike rates until the end of 2022, at the earliest. Any hypothetical rate increase will likely be in 2023 now IMO, and it'll be minimal (likely just 25 or 50 basis points) before the economy starts weakening again.

Posted by Tom on Saturday, November 27th, 2021 at 5:29am

This topic is curious. I found this article interesting.

Posted by Don Brown on Sunday, December 5th, 2021 at 10:36am

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