Weekly Update, July 17/20

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 564 (546, 588, 608) # Sales: 347 (353, 400, 328) Ratio: 62% (65%, 68%, 54%) # Price Changes: 361 (402, 408, 311) Expired/Off-Market Listings: 176 (163, 412, 203) Net loss/gain in listings this week: 41 (30, -224, 77) Active single-family home listings: 3457 (3444, 3507, 3708) Active condo listings: 2328 (2319, 2301, 2367) Homes 4-week running average: $418k ($420k, $412k, $413k) Condos 4-week running average: $217k ($215k, $216k, $209k)

Have a great weekend! Posted by Liv Real Estate on July 17th, 2020

Looks like it's turning into a sellers market, with sales up, and prices up from last year!

Posted by Tom on Friday, July 17th, 2020 at 1:41am

Trudeau is planning to tax the sale of your primary residence. It's coming soon. Very soon.

https://torontosun.com/news/national/cmhc-spending-a-quarter-million-on-federal-home-equity-tax-research

Posted by GM on Friday, July 17th, 2020 at 6:36am

They bring in capital gains tax on the sale of principle residences then up the capital gains rate from 50 percent to 100 percent. The Chinese will be in tears.

Posted by Tony on Sunday, July 19th, 2020 at 3:55am

Weekly Update, July 17/20

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