Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 406 (367, 402, 337) # Sales: 197 (209, 222, 192) Ratio: 49% (57%, 55%, 57%) # Price Changes:  365 (385, 399, 322) Expired/Off-Market Listings: 481 (544, 210, 243) Net loss/gain in listings this week: -272 (-386, -30, -98) Active single-family home listings: 3751 (3769, 3992, 4028) Active condo listings: 2033 (2015, 2149, 2137) Homes 4-week running average: $415k ($414k, $413k, $416k) Condos 4-week running average: $216k ($226k, $224k, $217k) Have a great weekend!   Posted by Liv Real Estate on
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Thanks for the info! It looks like real estate prices have hit bottom (hopefully!). Do you have any predictions for next year?

I have a condo I'm renting out in the deep southwest and it's been falling in value substantially every year since 2014. I paid $500,000 for a large two bedroom/bath in 2014. I tried selling it for a $100,000 loss earlier this year, but no one was interested. I rent it out now until the market comes back and I could hopefully break even.

What do you think about the market for large newer condos in Windemere? Will we see a climb soon?

Posted by tom on Saturday, November 9th, 2019 at 4:08am

I didn't know it was possible to even find a renter. Even with no mortgages rental losses are commonplace at the end of each year. Revenue Canada will only allow so many years of rental losses as a tax deduction.

Posted by Tony on Wednesday, November 13th, 2019 at 11:02pm

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