There is talk of a bubble in the Canadian real estate market. Analysts have pointed out some “hot spots” that are causing some worry and some to say the national market is over valued. When you dig a little deeper you learn the concern is mainly about two markets: Toronto and Vancouver.
“When we look at the overall marketplace, there might [...]
Last week we posted a poll asking our readers what they thought would happen with the real estate market in Edmonton. It seems to me our readers are more optimistic than in the past – I’ve posted last year’s results as well:
1. The 2012 spring market in Edmonton will be:
Good 44%, Last year 31%
[...]
It’s beginning to look at lot like… 2010. For the second month in a row sales were right in line with two years ago in the greater Edmonton area, according to numbers released by the REALTORS® Association of Edmonton today. There were 1305 residential sales in the Greater Edmonton Area in February up significantly from 958 last month and 1154 last [...]
Our preliminary report shows that real estate stats were up in almost every category in Edmonton in February. Single family homes lead the way – there were 581 Single Family Home Sales in February compared to 450 last month and 485 last year.
In February there were 264 Condo Sales up from 184 last month and similar to 267 last year. [...]
This short and sweet video from the Globe and Mail talks about the benefits of paying down your mortgage instead of buying RRSPs.
Something to think about! [...]
Canada was the fastest growing country in the G8, Alberta was the fastest growing province in Canada, and Edmonton and Calgary were the fastest growing major cities when their growth was measured in the 2011 census, growing at an even faster rate than in the previous five year period.
The Capital Region — including municipalities such as Beaumont, Spruce Grove and [...]
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 [...]
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 [...]
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.
[...]
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. [...]
Edmonton Real Estate Market Weekly Update – April 27/12
Edmonton Real Estate Market Weekly Update – Star Wars Day
Edmonton Real Estate Market Weekly Update – May 11/12
Edmonton: The epicenter of North America
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.
©2005-2011 Coldwell Banker
Johnston Real Estate
