Low inventory is causing rapid growth in the average price of real estate in Edmonton. The interesting thing is that the inventory is low because there are fewer new listings than we typically see at this time of year, not because of increased sales.
As you can see below, the inventory of properties for sale is significantly lower than we typically [...]
Archive | Alberta’s Economy RSS feed for this section
Spring Real Estate Market Underway in Edmonton
The Story Remains the Same
Today the National Post published some statistics on the housing market from CREA (The Canadian Real Estate Association) citing that the home sales and new home listings are down year over year for the third consecutive month.
Economists remained divided as to the future of the Canadian housing market. Some believe that because levels of household debt are at an all-time [...]
Edmonton: A market on Investor’s Radar
According to a recent report by PwC and the Urban Land Institute, Calgary and Edmonton are once again the best places in Canada to invest in real estate.
The report says Canada is “not a bad place to be” enjoying “boring stability” compared to other, more volatile regions. However, as the nation’s continuing immigration surge shifts gradually toward Alberta and Saskatchewan, [...]
Edmonton Real Estate Market Weekly Update – Aug. 31/12
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 331 (395, 459, 405)
# Sales: 225 (235, 229, 212)
Ratio: 68% (59%, 50%, 52%)
# Price changes: 259 (243, 255, 248)
# Expired/Off Market Listings: 232 (161, 192, 125)
Net loss/gain in listings this week: -126 (-1, 38, 68)
Active single family home [...]
Demand for Condos Supported by Demographics
Genworth Canada released a report on the condo market in Canada today. They say rising prices of single family homes are pushing more first time buyers towards condos, and retirees are opting for the condo lifestyle as well. These factors along with population growth are expected to increase demand for condos in Canada for the next few years.
“This data corroborates our [...]
CMHC says Alberta will Buck the National Trend in 2012-2013
CMHC released its quarterly housing market report yesterday. Western Canada in general and Alberta specifically is forecast to lead the country in a number of categories.
According to the report, Alberta will continue to experience economic expansion with real GDP growth of 3.4% in 2012 and 3.2% in 2013. Major sectors of the economy are projected to grow this year with [...]
Edmonton home builders still hammering away
According to a press release by CMHC, housing starts in the greater Edmonton area increased in June to 1,050 units, up from 719 starts in June 2011. For the year-to-date, housing starts totalled 5,468 units, up from 4,051 during the first six months of 2011.
“Strong economic conditions, including higher levels of migration and employment, coupled with declining new home [...]
Edmonton adds 10,000 jobs
The Edmonton metro area created a staggering 10,000 new full-time jobs in the last month according to an article in the Edmonton Journal. To put that in perspective, the U.S. (with 300 times more people) created 80,000 jobs in the same time period, Calgary lost 1,200 and Alberta lost 8,600.
Could be a one month blip, but we are up 3.9% [...]
Edmonton Named “Best Deal in Real Estate” by Money Sense Magazine
”…in some cities, home prices are still reasonable, and buoyant economies mean prices are destined to rise higher. What you need is a system that can consistently spot good places to buy real estate—in good or bad economic times.”
Money Sense Magazine put together a list of Canadian cities where real estate is still a “good buy” and Edmonton made the [...]
Analysts Expect Tightening of Mortgage Rules Again This Year
Sheldon and I have long thought there would be another decrease in the maximum amortization period for mortgages this year. It makes sense since the Federal Government decreased the maximum amortization from 40 to 35 years a few years ago, and then further decreased it to 30 years last year – we always assumed the end goal was to go [...]
-
Edmonton Real Estate Market Weekly Update, May 3/13
- New Homes in Mature Neighbourhoods
-
Light The Bridge
-
Record Single Family Home Sales in Edmonton in April
About Us
The Edmonton Real Estate Blog is written by Sheldon Johnston and Sara MacLennan of Liv Real Estate; Sheldon is the Broker for Liv Real Estate and Sara is an associate - both are licensed in the Province of Alberta.
Aside from blogging, Sheldon manages the brokerage and assists clients buying and selling real estate in the Edmonton area, while Sara focuses on marketing and business development. If you're thinking of buying or selling real estate, or if you're interested in a career with one of Edmonton's most successful teams, contact them at blog@teamjohnston.com.
The opinions contained herein are those of the authors and are just that - their opinions. For legal information, consult a lawyer. For mortgage information consult a mortgage professional. For tax information consult an accountant. This information is not intended to solicit clients already under contract.
For more information about us visit our website.
Recent Testimonials
-
“He did a great Job. He was very helpful and was their to answer all the questions we had. He...”
Read More from
Chris and Shelby -
“If you are buying a property use Travis Dochuk. He is a great guy, and easy to work with. Lots...”
Read More from
Joe B -
“Everything about purchasing my first home was painless and that was mostly due to Beverly and her team at Liv....”
Read More from
Dorian Kowalski. Happy home owner! -
“She did an excellent job! She understood what we needed/wanted out of selling our home and she provided us with...”
Read More from
Lissa Klimke -
“I really appreciated Richard's friendly and approachable manner, he gave me just the right amount of guidance and help when...”
Read More from
Laura Roseman, Sherwood Park -
“Bill was absolutely fantastic to deal with and he made the process of buying our house quite stress free and...”
Read More from
Madan Murthy, Chappelle -
“Mira Wannous was a really helpful real estate agent. With her grand knowledge and patience, we finally bought our dream...”
Read More from
Mamoun & Awatif -
“Bev was an absolute delight to work with. She went above and beyond all my expectations when finding my family...”
Read More from
Pam Nording Millwoods -
“Richard was a honest , low pressure sales person ! It was an excellent experience dealing with him ! Highly...”
Read More from
John Kim Millious , The Ridge , Sherwood Park -
“Probably one of the most professional and nicest people that we have ever dealt with,including our home country of England. Always...”
Read More from
Mo and Jeannie Stone, St Albert. -
“I have recently purchased a commercial condominium through Sheldon Johnston of Liv Real Estate. As this was a new development,...”
Read More from
Sean Ivens - AMS -
“Bill was always ready to help during our search even when it seemed like we were running out of choices....”
Read More from
Tony & Wanda McElhatton, southside -
“Tracy understood my needs and the time pressure associated with the purchase of my new home. She took time out...”
Read More from
Ashley Zuzak, Leduc AB -
“I recently purchased a new home in Edmonton after relocating here from Calgary. I found Justin to be very well...”
Read More from
W. Fidyk, Cameron Heights -
“It was a pleasure working with Nathan Mol. He was very patient with us as we looked around the downtown...”
Read More from
Kelly Schulz, Oliver/Downtown, Edmonton -
“Bill Bhamra made my home buying experience easy. He was very easy to get a hold of, and took the...”
Read More from
Amanda, Edmonton
Client Testimonial for Nathan Mol 
Client Testimonial for Travis Dochuk
Client Testimonial for Beverley Hasinoff
Client Testimonial for Beverley Hasinoff
Client Testimonial for Richard Widynowski
Client Testimonial for Bill Bhamra
Client Testimonial for Mira Wannous
Client Testimonial for Beverley Hasinoff
Client Testimonial for Richard Widynowski
Client Testimonial for Justin Tazi
Client Testimonial for Sheldon Johnston
Client Testimonial for Bill Bhamra
Client Testimonial for Tracy Vipond
Client Testimonial for Justin Tazi
Client Testimonial for Nathan Mol 
Client Testimonial for Bill BhamraTestimonial data verified by RealSatisfied
