Before I get to the stats for August I do want to discuss a couple of reports that were released this week. The first by a "centre-left" think tank about the Canadian housing market. The report called "Canada’s Housing Bubble – An Accident Waiting to Happen" suggests that at least 6 of Canada’s major markets [...]
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Edmonton Real Estate Sales Continue to Decline in June
Edmonton residential real estate sales went from record highs last June, to record lows this June. Only 699 single family homes sold in Edmonton in June compared to 1092 last June. Sales of single family homes have stayed right in line with 2008 levels, as we’ve been predicting all year:
Condos followed a similar pattern, well [...]
New Home Construction Finally Slows in Edmonton
After months of gains new home builders in the greater Edmonton area finally slowed down in May. Starts are still way up over the last few years, but decreased from June:
Edmonton New Home Starts May 2010
The Housing Now Report released today by CMHC shows a decrease in multi-family starts this month as well. It will [...]
Get Ready for the Headlines
Earlier this year the media and real estate associations reported confidently that sales were significantly higher than 2009. Wait a minute, wasn’t the first quarter of 2009 precipated by the plunge of the financial markets in the last quarter of 2008? When we saw those reports we tried to cool some jets and explain that [...]
Edmonton Vacancy Rates on the Rise
CMHC (Canada Mortgage and Housing Corporation) released their semi-annual rental market report today showing that vacancy rates have risen (no surprise there). Highlights from the report:
Average vacancy rate for all urban centres in Alberta increased from 4.6% in April 2009 to 6% in April 2010
The highest vacancy [...]
Investing in your kid’s real estate
It’s that time of year again, when parents start looking for homes for their children to live in while attending a college or university in the Edmonton area. TD Canada Trust recently released a report showing that 10% of Canadian parents would consider buying a condo for their adult children, and our experience shows [...]
The Dreaded Stampede
Every time there is a real estate seminar in town things go nuts around here. Investors crawl out of the wood work like a smashed ant hill. The mortgage brokers go nuts with applications from would be future Gazillionaires. We get inundated with calls and emails: "can I get 100% financing on that?" or, [...]
Edmonton Home Builders Ramp Up Production Again
CMHC released their housing starts report today showing that Edmonton home builders are very busy once again… There were 1047 starts in April compared with 355 last April. After four months Edmonton builders have started 3439 units compared to 1116 last year. Construction started on three times as many single family homes (620) in [...]
Canadians Paying off Mortgages Quickly
A new study by Canada Mortgage and Housing Corporation (CMHC) shows that Canadians are well informed about mortgage options and intend to pay down their mortgages quickly. A recent survey polled 2500 active mortgage users in Canada and turned up some interesting results:
89% looked online for mortgage info
84% researched mortgage terms and conditions before [...]
First Quarter Report will be sent to subscribers on Monday April 19
We'll be sending out our First Quarter Report to subscribers tomorrow (Monday April 19) at 1pm. If you'd like a free copy subscribe before we send it out! The report is a close look at what is happening in the Edmonton real estate market, comparing the first quarter of 2010 to past year with charts [...]
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Edmonton Home Sellers Stand Their Ground
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Market Value – Just How Much is That Home Worth?
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Prices Catch up to the Market
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Weekly Update on the Edmonton Real Estate Market
Photos on flickr
About Us
The Edmonton Real Estate Blog is published by Coldwell Banker Johnston real estate.
The authors, Sara MacLennan and Sheldon Johnston are both licensed real estate associates in the province of Alberta.
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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