CIBC ranks Canadian cities for economic growth and today announced Toronto leads the country with Edmonton coming in a close second place. Toronto lead the country for the second year in a row, showing the fastest economic momentum with strong population growth, employment and housing starts.
Edmonton ranked second in CIBC’s measure or economic momentum, up from 11th in the 2011 [...]
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Edmonton Second in Canadian Metro Economic Activity Index Rankings: CIBC
Is Alberta Headed for Another Boom?
Personally, I prefer slow and steady growth, but there are many suggesting our province is headed for another boom. The Edmonton Journal published an article yesterday with some interesting information called: “Energy Revival Fuelling Another Alberta Boom.” Highlights include:
The Royal Bank predicts Alberta’s rate of growth will outpace all provinces except Saskatchewan this year and next.
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Vacancy Rates Decline in Edmonton
CMHC released their bi-annual report on the rental market in Edmonton yesterday showing decreasing vacancy rates and increasing rents. Increased net migration and job creation explain the changes to the rental market. The vacancy rate dropped from 4.2% in October 2010 to 3.3% in 2011.
The average monthly rent for a 2-bedroom apartment increased to $1,034 from $1,015 in October 2010. [...]
How Sustainable is Edmonton?
Maybe this is an unfair question but it is one that is going to come up time and again, especially as the population of Edmonton grows. This is something we have blogged about from time to time but we’ve never had a sustained conversation about making our communities more sustainable.
Today Sara and I attended a seminar hosted by Alberta [...]
Alberta Economic Indicators Strong in October
The provincial government puts out monthly and quarterly reports on the economy on their web site. I don’t often publish the highlights on the blog, but there are some interesting numbers this month so I thought I’d summarize:
Jobs: In September 2011, Alberta’s unemployment rate was 5.4%, down from the 5.6% recorded in August (the national rate [...]
Edmonton housing is definitely afforadable
At the risk of pissing some people off, “Edmonton housing is definitely affordable” is my title. Although I believe housing in Edmonton is affordable, I do let both sides of the argument present their case. As is often the case, people with a positive outlook on just about anything are less radical than the negative, and I’m sure we’ll [...]
Edmonton: Most Affordable Major City in Canada
Unlike most other major centres across Canada, housing affordability in Alberta remained stable in the first quarter of 2011, according to the latest Housing Trends and Affordability report issued by RBC Economics Research.
RBC’s housing affordability measure in Canada’s largest cities is as follows: Vancouver 72.1%, Toronto 47.5%, Montreal 43.1%, Ottawa 39.0%, Calgary 35.9% and Edmonton 31.5%. That means it taks [...]
New Home Construction in Edmonton Drops in February
According to a report released by CMHC today, housing starts in the greater Edmonton area dropped in February for the fifth consecutive month,on a year-over-year basis.
Highlights from the report:
Construction started on 489 homes in February, down from 642 last year
360 single family homes were started in February, down 26% from last year
[...]
Alberta Venture magazine – buyer beware
I’ve posted on the topic of buying real estate in the states before, however Alberta Venture magazine recently ran a pretty comprehensive article on the subject; they looked at some of the things that Canadians should take into consideration when buying stateside. I am quoted in the article as an antagonist to purchasing real estate in the US but I [...]
Is Edmonton Affordable?
A few readers have referenced an affordability study that has popped up in a number of newspapers today, so I thought I would check it out. The “7th Annual Demographia International Housing Affordability Survey” rated the affordability of 235 housing markets around the world. They rated markets by dividing gross annual median household income by median house price and defined [...]
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Edmonton Real Estate Market Weekly Update – Jan. 6/12
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Edmonton Real Estate Market Weekly Update – Jan. 20/11
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Edmonton Real Estate Market Weekly Update – Jan. 13/12
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What’s going on with Condo Prices in Edmonton?
Photos on flickr
About Us
The Edmonton Real Estate Blog is written by Sheldon Johnston and Sara MacLennan of Coldwell Banker Johnston real estate; both are licensed real estate associates 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.
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