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 [...]
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Edmonton: Most Affordable Major City in Canada
“We are heading back to the Waltons” – multi-generational homes of the future
Speakers at the Urban Development Institute Alberta conference spoke about the future of housing yesterday, saying grandparents will increasingly become part of our households.
“We’re heading back to the Waltons,” said Jonathan David Miller, a New York-based real estate analyst. “We’re going to see more of that and we’re going to see people living more in smaller places. North American economy [...]
Banff Western Connection – a REALTOR® Kum Ba Ya
Every two years the Banff Western Connection conference is held at the historic Banff Springs hotel. This “kum ba yah” is hosted by the Manitoba, Saskatchewan, Alberta and British Coloumbia real estate associations. (These associations represent their members and are not to be confused with the regulatory bodies). While it’s hosted by the western provinces it is anything [...]
Mortgage Rule Changes Positive for Canadian Banks…What about the Edmonton housing market?
First off I’d like to apologize for missing the discussion on the mortgage changes last week. Sheldon and I were enjoying a much needed winter break on a Caribbean Cruise and our internet access was difficult to say the least. Many people felt we were trying to hide something, but we simply weren’t able to comment.
Amortization Changes:
The recent changes to [...]
Edmonton Real Estate: The year in review, 2010
It was the best of times and the worst of times… the same can be said for the Edmonton real estate market over the past year. Even still I feel very fortunate to be lucky enough to be in this city during these unique times. While signs abound that there are underlying weaknesses in the world – and especially the American – economy, some [...]
Readers Predictions for 2011
On Tuesday we posted a poll asking our readers what they thought would happen with the real estate market in Edmonton. We’ve had 95 responses so far and they keep coming in. It seems to me our readers are more optimistic than in the past (certainly more so than the last poll we had in July).
Here are the results:
1. [...]
More Albertans Expect to Buy a Home Next Year
Gord McCallum at First Foundation Mortgages forwarded me a report from the Canadian Association of Accredited Mortgage Professionals called “Annual state of the Residential Mortgage in Canada.” Here are some highlights:
6.4% of Albertans indicated they were highly likely to purchase a home in the next year, the highest in the country and well above the overall average of 3.56% (only [...]
CREA VS The Bureau…Much Ado about nothing
It’s official, CREA (Canadian Real Estate Association) ratified an agreement with the competition bureau on behalf of its members. I’ve been mum on the subject here on the blog, up until now.
Propertywire.ca reported yesterday that the winds of change were blowing in St John’s where CREA had its meeting. They go on to say that "at the very least [...]
What to do when your appraisal is undervalue
Today’s post is written by David Luong who decided to join our team a few months ago. He has been an excellent addition to our brokerage and is licensed as both a real estate associate and an appraiser and has been working in the industry for about 4 years.
What to do when your appraisal is undervalue
Have you recently bought [...]
Canadian Housing Bubble Does Not Include Edmonton
As fears of a housing bubble rise again in Canada The Edmonton Journal set us straight the other day in an article commented about by "RoadRager" on this blog. The author, Gary Lampier took stats from a number of different reports and concluded that there is no bubble in Edmonton, although there very well may be one in Toronto, Vancouver [...]
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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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