Edmonton’s Real Estate Market Outlook For 2021
Posted by Terry Paranych on
Good news, Edmonton! The Edmonton real estate market will continue to benefit from high-demand, low-interest rates and steady home prices in the year ahead.
Edmonton’s Real Estate Market to Remain Balanced
According to experts, Edmonton’s real estate market will remain balanced throughout 2021. Despite market uncertainty in 2020 due to the COVID 19 pandemic, average home prices increased 1% from $361,152 in 2019 to $364,820 (2020). Our outlook for 2021 sees yet another (minor) increase of 2% in average sale prices to $372,116, a key indicator home buyer demand in our city continues to remain strong.
Who’s Buying Real Estate in Edmonton
Move-Up Buyers – Move-up buyers are currently the driving force behind home buyer demand in Edmonton, a…
1338 Views, 0 Comments