The Edmonton Real Estate Blog

Confidence in Edmonton Real Estate Market Increases in June

The REALTORS® Association of Edmonton released their monthly report on the real estate market today, here’s our snapshot summarizing their stats: REALTORS® Association of Edmonton President, Geneva Tetreault had positive comments on the market: “The reality of what we are seeing in the market is that the slight hesitation from buyers that came with the […]

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Surprisingly Strong Real Estate Sales in Edmonton in June

Well, I wasn’t expecting this… there was a bit of a rebound this month. Sales of single family homes reached the second highest level in the past 8 years in Edmonton last month. 1109 single family homes sold in Edmonton in June, down 5.5% from last year’s peak. Considering that we’ve seen year over year […]

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Greater Edmonton Real Estate Prices Still on the Rise

For the first time this year we saw fewer new listings than we saw in the same month last year; according to numbers released by the REALTORS® Association of Edmonton today new listings were slightly down (2%) in the Greater Edmonton Area in May. While a 2% drop may not seem significant, when you consider […]

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Real Estate Prices Still on the Rise in Edmonton Amid Slower Sales

Our preliminary report on the Edmonton real estate market in May shows single family home sales were fairly average, but lower than we’ve seen for the past few years (especially last year). 906 single family homes sold in Edmonton in May, down nearly 18% from last year. Condo sales were ahead of most recent years […]

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The Phantom Listing Menace – Inventory and Prices on the Rise in Edmonton

Canadian Home and Mortgage Corporation (CMHC) released a report last week, focused on housing market risk factors such as overheating, acceleration in house prices, overvaluation, and overbuilding. They concluded that there is a low risk for all these factors in the Edmonton market. “While price growth has increased slightly since 2011, price increases remain in line with […]

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Real Estate Sales Just Average While Prices Continue to Rise in Edmonton

With the provincial election looming, there is certainly some uncertainty about the future of our province. So far this year the real estate market has been downright average in terms of sales, but well behind last year’s peak. Sales of single family homes remained right around the average level for this time of year. 853 homes […]

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Prices Still on the Rise in Greater Edmonton Area in March

The REALTORS® Association of Edmonton has released their monthly report on the real estate market in the Greater Edmonton area. “The fact that our prices did not have the dramatic increases seen over the past few years in other cities like Calgary, Toronto and Vancouver means we have not experienced the same overvaluation.” REALTORS® Association […]

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Edmonton Real Estate Market Surprisingly Above Average in March

ATB Financial officially adjusted their forecast for Alberta for 2015 yesterday, saying the continuing slump in oil prices means Alberta will see real GDP growth of only 0.8% this year. They expect further volatility in oil prices and further stress in the job market in the second quarter and fewer people to move to Alberta. […]

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Edmonton Real Estate Market Outperforms Surrounding Communities in February

  The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area (GEA) real estate market today, showing a slight increase in the overall average residential sale price even though sales are on the decline compared to a year previous. Our preliminary report for Edmonton only, showed the market was downright average. However, […]

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The Real Estate Market is Better Than You Think

The implications of tanking oil prices seem to be the only thing we’ve heard around here for months. “Slumping Sales,” “Housing Markets Hammered” and “Sales will Plunge” are just a few local headlines from the past week.  Well, when you really take a look at the numbers, instead of just a couple of year over […]

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Edmonton Real Estate Market Poised for Correction

Well, there’s certainly been lots of media interest in the real estate market lately, that means I have lots of quotes and opinions on the market to share in this month’s report. As we’ve been expecting, inventory is up and sales are down, in a pretty big way in the Greater Edmonton Area (GEA), but how […]

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Edmonton Real Estate Market off to a Slow Start in 2015

My preliminary look at the real estate market for January 2015 shows things are getting off to a pretty slow start, at least when it comes to sales. 349 single family homes sold in Edmonton in January, down 21% from the same time last year; it’s the fewest sales we’ve seen in the month of January […]

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Real Estate Sales Increase by 11% in Greater Edmonton in 2014

The real estate market in the Greater Edmonton Area (GEA) cooled off in December, as it usually does. As you can see from our market snapshot below, the market overall is still ahead of last year: The REALTORS® Association of Edmonton released their monthly report on the GEA real estate market, and summarized some annual stats […]

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Real Estate Market Finishes Strong in Edmonton in December

Happy New Year!! The real estate market closed out the year in Edmonton as it normally does, albeit with slightly higher sales than we typically see. 442 single family homes sold in Edmonton in December, up 5.74% from last December. Condo sales were considerably higher than we typically see in December. 278 condos sold in […]

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Average Real Estate Price Jumps in November in Greater Edmonton Area

We often see an increase in average prices at the end of the year in the Greater Edmonton Area and November was no exception. Demand for real estate remains strong, and even with a jump in new listings, strong sales have kept inventory lower than previous years. The REALTORS® Association of Edmonton released their monthly report […]

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Edmonton Single Family Homes Reach Record Price in November

Our preliminary look at the real estate market for November, 2014, shows single family home sales were well ahead of recent years, as they’ve pretty much been all year. There were 693 single family home sales reported in November, up 15.7% from last November. Condo sales were right inline with 2013 for the second month in […]

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Experts Agree: Edmonton’s the Place to Be

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Real Estate market yesterday showing an active real estate market. The Real Estate Investment Network (REIN) also released a report yesterday, showing Edmonton and Calgary as the best markets to invest in real estate in Canada, agreeing with other, recent, similar reports. […]

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Condo Prices Continue to Climb in October in Edmonton

Single family home sales in October were well ahead of last October in Edmonton. There were 842 sales of single family homes in October, up 11% from last October. Perhaps we will see a stronger than normal end to 2014.       Condo sales were slightly lower than last October in Edmonton, there were […]

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Metro Edmonton Real Estate Market Anything but Mediocre

There is quite a debate underway about our national housing situation. While some economists call the market “mediocre at best” in most cities other than Toronto, Vancouver and Calgary, Edmonton seems to be flying under their radar (as it often does). Meanwhile Federal Finance Minister Joe Oliver is down playing fears of a housing bubble in Canada, […]

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Record Single Family Home Sales in Edmonton in September

Single Family Home Sales Well, I wasn’t expecting to see an increase in single family home sales in September compared to August. September is one of the harder months to predict, but we typically see declining sales in the fall months. I especially wasn’t expecting to see a new record set for single family home […]