Steady Growth Indicates Positive Outlook for 2024 Edmonton, February 25/2024, The residential property market in the Greater Edmonton Area (GEA) witnessed robust activity in January 2024. Total unit sales soared to 1,439, marking a notable increase of 17.5% compared to December 2023 and a significant surge of 46.8% from January 2023. Meanwhile, new residential listings reached 2,195, showing a substantial uptick of 49.3% from December 2023, although slightly down by 2.3% from January... [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]

"Despite concerns about interest rates, the shortage of inventory is driving up average sale prices."   November 3, 2023: The total number of residential units sold in the Greater Edmonton Area (GEA) real estate market for October 2023 was 1,812. This represents a 12.0% decrease compared to September 2023 but a 21.0% increase when compared to October 2022. Additionally, there were 2,753 new residential listings in October, which is 8.8% lower than in September 2023, but... [read more]

"EDMONTON Real Estate: Sales, Prices, and Inventory Take a Small Dip This Month Due to Seasonal Trends" DECEMBER 26,2023:  In November 2023, a total of 1,637 homes were sold in the Greater Edmonton Area (GEA) real estate market. This was a 9.1% drop from October 2023, but a notable 28.5% increase compared to November 2022. The number of new homes listed was 2,126, which is 20.8% lower than October 2023 but 7.9% higher than November 2022. The overall housing supply in the... [read more]

"Evolving Trends in the Canadian Mortgage Landscape"                       In recent years, Canadians have faced challenges with the significant increase in interest rates and inflation. This has led to tough times for many individuals, prompting them to reconsider their real estate plans, whether it involves buying or selling property. Earlier this month, the Bank of Canada made its final... [read more]