MARCH HOUSING STATISTICS: "Spring has come and the real estate market in Edmonton. " Edmonton, April 06, 2023  Last month, the Greater Edmonton Area (GEA) reported an astonishing 44.6% year-over-year decrease in residential sales compared to March 2022 - even with a surge of 42.1% from February 2023! Additionally, new listings dropped by 22%, although they experienced an increase of 32.3% since February of this same year. GEA inventory saw increases too; up 22.1 % from last... [read more]

BY 2025, 1.45 MILLION PEOPLE WILL WANT TO BUY HOMES IN CANADA. WHERE WILL ALL THESE NEW HOMEBUYERS LIVE? Guido K / March 17,2023   The latest report from Statistics Canada has exposed a difficult and inescapable truth—in order to have both cheaper housing costs and greater immigration, there needs to be considerable reform. Sadly, we cannot expect the two at once without this action. In order to welcome our influx of new residents, particularly in Vancouver and... [read more]

Edmonton Home Prices To Increase As Market Stabilizes: 2023 Forecast January 04, 2023 Despite increasing interest rates, Edmonton real estate could be worth more this time next year; however, condos may defy the projection. An upcoming forecast predicts these changes in value. According to a 2023 market survey forecast from Royal LePage, Edmonton's aggregate home price is estimated to increase by one percent - from $438,300 in the fourth quarter of 2022 up to an impressive... [read more]

   Edmonton housing market went up in November 2021   Edmonton is a quiet city and its real estate market is more balanced than most Canadian cities. I have lived in Edmonton since 2002 and have seen the ups and downs of the real estate market. When the housing crisis came from the USA and moved to Canada in 2008 we were not hurt by the crisis because our market was a strong market without many people owning a lot of houses. But the 2014 oil crisis was the one that... [read more]

WHAT IS CMHC?   Is Canada's national housing agency, and state-owned mortgage insurer. It was originally established after World War II, to help to return war veterans find housing, and is a wholly-owned Crown Corporation of the Government of Canada Ready to purchase a home in 2023? Get prepared now for the CMHC mortgage rules, so you're all set when it's time to make your big move. WHAT YOU NEED TO BE AWARE OF: 1) To receive a CMHC-insured mortgage, your... [read more]