The Edmonton Real Estate Blog
secondary-suites

Edmonton Secondary, Garage and Garden Suite Grants

Did you know the City of Edmonton offers grants to build secondary suites? The city will match up to $20,000 in money spent upgrading and creating new Secondary Suites in compliance with health and safety standards. This is an excellent incentive for those interested in becoming landlords in Edmonton. There are of course some restrictions: The […]

maximize-rental-rates

5 Tips to Make Your Units Stand Out for Top Rent

As demand for condos in Edmonton has been cooling off for the past couple of years and vacancy rates for rental properties rising, property managers need to go the extra mile to fill empty units. Rental spaces don’t just sell themselves, you have to make sure that when prospective tenants come knocking that you’ve done […]

monthly-real-estate-report

Greater Edmonton Real Estate Market Stable in August

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Real Estate Market today showing sales in the normal range for this time of year, but lower than the past few years. “Alberta’s economy has been under enormous pressure for some time, but the residential real estate market in the Edmonton Census […]

Edmonton-real-estate-report

Real Estate Market Typical in August, Albeit Slower than the Past Few Years

The single family home market in Edmonton is performing a bit better than the condo market, all things considered. With a high inventory of resale apartment condos competing with glitzy new downtown highrises, where many sales are not reported through the MLS® system (builders often sell directly), selling a condo in Edmonton can be a bit […]

monthly-real-estate-report

Greater Edmonton Real Estate Prices Remain High Despite Sluggish Sales

The REALTORS® Association of Edmonton released their monthly report on the greater Edmonton real estate market this week with some unexpected results. The overall average residential price continued to rise to a new record high in July, while sales decreased, and inventory increased on a year over year basis. Here’s our snapshot on the market […]

Edmonton-real-estate-report

Real Estate Prices Hang Tight in Edmonton in July Amidst Lower Sales

We continue to see buyers getting more house for their buck in Edmonton in July, along with slower sales and higher inventory than last year. It’s starting to look a bit like 2009, when the first half of the year was pretty normal in terms of sales, and the second half slowed down quite bit. […]

monthly-real-estate-report

Buyers Getting More Bang for Their Buck in the Greater Edmonton Area

The greater Edmonton area real estate market looked a lot like May, in June with similar numbers of sales, inventory and days on market. Prices remain stable on a year over year basis, as they’ve been since February. “Although June’s residential unit sales are up slightly over May, we did not see the numbers set […]

monthly-real-estate-update-canada

Condo Prices up in Edmonton in June

After a rather promising May, the real estate market in Edmonton was a bit of a let down in June, the only bright spot being condo prices. Sales of single family homes were down 16% from last June (934 single family home sales were reported). Condo sales have been sluggish all year and although we […]

monthly-real-estate-report

Inventory of Homes on the Market Continues to Rise in the Greater Edmonton Area

The inventory of homes on the market continued to climb in the Greater Edmonton area in May, up 12% from last May and 45% from two years ago, but still significantly lower than the record levels we saw in 2008. Residential sales were 5.3% lower than last May, but I don’t think we’ve hit our […]

Edmonton-real-estate-report

Edmonton Single Family Home Sales Up From Last Year in May

For the first time this year, single family homes sales are ahead of last year in Edmonton! Say what? Condos are another story but we’ll get to that in a minute. There were 931 single family home sales reported on the MLS® in May in Edmonton, up 2.8% from last May and in the normal […]

monthly-real-estate-report

Edmonton Area Home Sellers Hang Tight as Prices Hold Steady in April

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Real Estate market today showing stable prices and rising inventory, a continuing trend for 2015. There are a few factors at play in the market right now. The first factor I’ll mention, which I’ve written about a few times, is that there are […]

Edmonton-real-estate-report

Warm April Weather Brings Cooler Home Sales to Edmonton

Our preliminary market report for April shows single family homes sales in Edmonton in April were slightly below average for this time of year. 798 single family home were reported sold in April, down 6.4% from last year. Condo sales were quite slow in Edmonton in April, 354 condos were reported sold, down nearly 13% […]

monthly-real-estate-report

Real Estate Prices Steady in Greater Edmonton Area With Inventory on The Rise

The REALTORS® Association of Edmonton released their monthly report on the real estate market today showing a growing inventory of homes on the market and steady prices. Looking at the first quarter of 2016, sales were down 6.9% compared to the first quarter of 2015. With that being said, many homes are selling with multiple offers, one […]

Edmonton-real-estate-report

Luxury Sales Boost Average Price of Edmonton Single Family Homes in March

A big rebound in the average price of single family homes in Edmonton in March was due in large part to an increase in luxury sales, including two sales over $3million. The market as a whole was surprisingly strong in Edmonton in march; 731 single family homes were reported sold in Edmonton in March, just […]

monthly-real-estate-report

Real Estate Prices Stable in Greater Edmonton Area, Despite High Supply & Low Demand

  Based on year over year comparisons, we’ve seen lower sales and higher inventory every month for over a year, and yet, prices are holding relatively stable in the greater Edmonton area. The REALTORS® Association of Edmonton released their monthly report on the real estate market in the Greater Edmonton area today, pointing out the substantial increase […]

Edmonton-real-estate-report

Preliminary Real Estate Market Report; Feb. 2016

Single family home sales picked up to about the level we saw in 2011 and 2009 in Edmonton in February. 479 single family homes sold in Edmonton in February, down 8.8% from the same month last year. Condo sales meanwhile fell below the levels we’ve seen for the past 8 years; 220 condos sold in […]

monthly-real-estate-report

Home Buyers Can’t Find What They’re Looking For, in Edmonton

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area real estate market today, saying buyers in the Edmonton area are being a little more cautious these days: “Sales volumes are down, relative to the same time last year,” REALTORS® Association of Edmonton Chair Steve Sedgwick explains. “It is likely that home […]

Edmonton-real-estate-report

Real Estate Market Correcting in Edmonton in January

Single family home sales were a little sluggish in Edmonton in January, ok maybe a lot sluggish… 308 single family homes sold in Edmonton in January, down 12% from last January and the lowest total since I’ve been keeping track (2005) and maybe longer. I don’t think many people will find this surprising, considering the […]

monthly-real-estate-report

Chart Topping Inventory of Homes on the Market in December

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area real estate market today and gave some comments on the year as a whole: “2015 was a steady year for real estate in Edmonton. Edmonton and the surrounding areas experienced a decline in sales due to economic uncertainty, but we saw […]

monthly-real-estate-update-newyear

Home Buyers Get More Home for Their Buck in Edmonton in December

As we’ve seen all year, the real estate market in Edmonton in December was pretty average, albeit well below 2014 levels. 379 single family homes were reported sold in Edmonton, down 14% from a year previous and right around the same level we saw in 2010, ’11 & ’12. Condo sales were significantly down in […]