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
Greater Edmonton’s Real Estate Market Steady In December
Residential real estate sales were right in the normal range in the greater Edmonton area in December. There were 878* residential sales compared to 784 last December and 1133 last month. We certainly noticed higher than normal activity on our listings with many showings over the holiday season. So it feels like 2012 will start off strong in the sales [...]
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. [...]
I love Yegdt: downtown x-posed
I frequently get asked what’s happening downtown, especially with the ARENA buzz. What will prices do? What areas will be most affected? I get asked this at industry functions outside of Edmonton on a regular basis as well. I get these questions at the Y in the change room, at Yoga, at Starbucks and so on. This level of buzz [...]
Edmonton Area Condo Builders Get Busy in October
According to a press release from CMHC, condo builders are ramping up production in Edmonton. Edmonton area builders started almost three times as many new condos in October this year as they did last year. There were 786 multi-family units started in October, compared to 271 last year (most of these were apartment style – 550 units were started compared [...]
New Home Upgrades Worth Paying For, Part 4: Lot features
There are 5 main factors that affect the value of your home: location, the home itself, the market conditions, your pricing strategy, and how well its marketed. Of course, the most important factor is location, and this means the lot itself, the neighbourhood, the city and the province. What can be tricky is deciding if a “premium” lot offered by [...]
Condo Construction Ramps up in Edmonton
According to a report released yesterday by CMHC, condo builders were quite busy in Edmonton in July. Housing starts in the greater Edmonton area amounted to 1,034 units in July compared with 949 last year. For the year-to-date, housing starts totalled 5,085 units, down from 6,328 units tallied in the first seven months of 2010. Multiple unit starts reached 555 units in [...]
Size Does Matter
I have been misled at times in my younger life that size doesn’t matter, but when you are looking at building on a lot it really does matter. A few months back a property in the University area came up that was perfect for a building a duplex on. Technically it was a lot and a half and [...]
Condo Act Changes Coming in Alberta
This weekend the Alberta chapter of CCI (Canadian Condominium Institute) had a conference here in Edmonton. While Sara was one of the presenters and presented on real estate trends I got the chance to sit in on some other presentations.
I often hear complaints from condo owners that are not involved in their condo associations and I realized at the [...]
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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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