Edmonton Real Estate Market Predictions For 2023 Featured Image

Often referred to as Canada’s Festival City, Edmonton is celebrated for its vibrant arts and culture scene, incredible choice of neighbourhoods and excellent infrastructure. It’s also rated one of the top cities in Canada for employment rates, affordable housing and overall positive quality of life. 

What can we expect from Edmonton’s thriving real estate market in 2023?

Here’s what you need to know. 

Climbing Interest Rates Expected to Stabilize 

When it comes to mortgage interest rates for 2023, economists are on the fence.Though the Bank of Canada (BOC) increased its rate seven times last year (including an entire percentage point in July), some experts are hopeful current rates are here to stay. Other economists predict a continuing…

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Of course, no investor enters the Edmonton real estate market with the intention to fail. Yet, regardless of how hard they try, many find themselves attending endless networking events and meetings with nothing to show for it in their bank accounts.

What exactly does it take to become a successful Edmonton real estate investor? How do highly successful real estate investors differentiate themselves from the rest?

The answer lies in these eight simple habits:

Habit 1 = They Know Success is a Decision.

The first step to becoming successful in Edmonton real estate is making the decision to do so. Regardless of whether you have minimal experience or money, adopting a decision-driven mindset is critical if you want to thrive. For instance,…

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Investing in multi-family real estate is one of the best strategies for Edmonton investors wanting to benefit from additional monthly income and slow and steady property appreciation.

But that’s not all.

Here are 11 key advantages to invest in multi-family real estate in Edmonton:

What Is Multi-Family Housing? 

Simply put, multi-family housing refers to two or more units contained within one building or group of buildings. A broad term, multi-family real estate extends across various home styles, price points, locations and includes duplexes, triplexes, fourplexes, apartment-style condos and townhomes.

1. Strong Rental Demand in Edmonton

Regardless of any transitional ups and downs of the last 24 months, Edmonton’s economy…

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Historically, the Canadian real estate market has always been considered safe in terms of minimal investment risk and maximum long-term yields. However, some markets tend to be “safer” (i.e. more profitable) than others when it comes to increasing net worth, generating steady cash flow, building equity and hedging against inflation.

As one of the fastest-growing cities in Canada, Edmonton remains one of the country’s leading markets in terms of investment and development prospects. According to recent reports, Edmonton has also been ranked one of the top three most affordable cities across the nation, allowing it to remain an enticing destination for both home buyers and investors alike.

But that’s just the start.

Here are the top reasons…

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Manufactured home communities have become increasingly popular among Edmonton real estate investors over the last several years, and it’s not hard to see why! Aside from high returns, reduced maintenance and general affordability, these units are consistently in high demand among Edmonton home buyers.

Whether you’re an experienced real estate investor wanting to diversify your portfolio or an aspiring beginner looking for a low-risk way to get your foot in the door, here are the top reasons to consider investing in a manufactured home community.

Types of Manufactured Home Ownership 

Before diving in, it’s important to note there are two types of manufactured home ownership through which an investor can benefit:

Home and Lot Ownership…

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Are you thinking about buying your first home in Edmonton? Did you know buying a home that doubles as an investment property can make first-time homeownership all the easier? While many homebuyers will opt to wait until they’ve purchased their first, second or third home before entering Edmonton’s real estate investment market, there are many advantages to beginning your real estate investment journey now.

Here are our top reasons why your first home should also be an investment property:

1. It’s Easier to Get a Mortgage 

Buying a home with a rental income suite (sometimes referred to as a secondary suite) can make it easier to qualify for a mortgage. This is because the Canada Mortgage and Housing Corporation (CMHC) allows first-time…

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Are you a current real estate investor that owns one or more rental properties in Edmonton? Here are seven simple tips for making your property stand out in our city’s lucrative rental market.

1. Improve Your Property’s Curb Appeal 

First impressions are everything; be sure to make a good one on prospective tenants by improving your property’s curb appeal. A few easy and affordable ideas include:

  • Removing weeds and debris from the property.
  • Ensuring the lawn and surrounding greenery are healthy and well maintained.
  • Pressure washing the home’s exterior.
  • Removing any chipped or cracked paint, repaint as needed.
  • Fixing broken screens.
  • Updating outdoor hardware (light fixtures, door locks and handles, mailbox, house numbers,…

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Despite any uncertainties over the last 12 months, Edmonton’s real estate market continues to thrive with more activity than the month of January has seen in over a decade.

According to new numbers released by the REALTORS® Association of Edmonton (RAE), the city’s total residential sales for January 2021 were up 5.9% from December and 47.1% from January 2020. New residential listings also saw a healthy boost, with a year-over-year increase of 8% and a month-over-month climb of 87.9%. Although overall inventory in the capital region decreased by 17% from last year, the number of available homes on the market saw a 5% boost from December of 2020.

Edmonton Condominium Sales Up 44% 

Edmonton condo sales, in particular, saw record numbers in…

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Despite any transitional ups and downs, 2020 was a record year for real estate in Canada. As a result, Edmonton’s healthy buyer’s market conditions (combined with record-low mortgage rates) have created favourable opportunities for budding real estate investors looking to secure a fantastic deal on their first investment property.

That is, of course, if they know what to look for.

If you’ve been thinking of investing in Edmonton’s lucrative real estate market, here are four things to consider when choosing the right property.

See our previous post: Why Now Is the Best Time to Buy an Edmonton Home and Take Advantage of the Lowest Mortgage Interest Rates in Decades

The Right Neighbourhood 

We’ve said this before – but we think it…

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Whether you’re a seasoned real estate investment pro or a first-time investor just starting out, understanding Edmonton’s real estate (investment) market is critical if you hope to secure the right property, at the right price, for a lucrative return.

And what better way to effectively navigate your first (or next) real estate investment than by partnering with a knowledgeable expert who knows both the market and the industry, inside and out?

What is a Real Estate Investment REALTOR®, Exactly? 

For starters, a REALTOR® differs from an agent in that a REALTOR® is a licensed member of the Canadian Real Estate Association (CREA). As such, they are expected to uphold specific standards, as well as a particular code of ethics, and undergo…

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