Weekly Real Estate Market Update, Mar. 17/17

The trend continues to indicate stability- that is very welcome news. Good to see this consistency holding week after week and almost done the first quarter of the year. Should lead to a healthy, balanced spring market. Inventory still high according to the last monthly numbers, but it's great to see sales and listing finding equilibrium. Steady as she goes! Which, for a province just emerging from a deep (8% GDP drop over two calendar years) recession is a good start.

I have a hard time believing you can buy a condo in Edmonton for under 40K - was it a mobile home?. Even 100K is low.

The last time the Edmonton real estate market bottomed in 2009 one bedroom condos were selling at 50K.

Were the lower priced apartments sold as a whole building? A crappy 10 unit building selling for $800k is not news.

A few under $40k!? What kinda condo are these and where?
Tony you should buy one.

I wouldn't be buying anything to do with real estate in Canada only selling it before the budget this Wednesday. Time will tell how many Chinese leave Canada after the Wednesday budget speech. I'm short the Canadian dollar in the futures market. Trudeau has it all figured out, he taxes capital gains a fifty percent bump to 75 percent but not principle residences. The public will take time to fathom this one but I already have. Everyone sells rented properties (after the fact, the feeble public were too stupid to sell before the budget) and the public floods into buying principle residences to avoid all increases in capital gains tax pushing up prices to the stratosphere in Toronto and Vancouver.

Tony, it's Wednesday already. How many real properties did you sell?

Utter nonsense. Tony is a troll. Can't even spell or write a sentence. Don't feed it.

I sold off everything before the 4:00pm budget all except one townhouse in Edmonton. Edmonton is illiquid unlike other cities where you can sell a house the same day you list in multiple offers.