Found 5 blog entries tagged as Edmonton real estate market.

Ranked #86 of the best 100 cities in the world, Edmonton is celebrated for its fantastic choice of neighbourhoods, excellent infrastructure, high employment rates and overall positive quality of life. In addition, the Edmonton real estate market recorded massive year-over-year gains in 2021, with buyers eager to take advantage of ultra-low interest rates and steady home prices.

What can we expect from Edmonton’s thriving real estate market in 2022?

Here’s what you need to know.

Interest Rates Will Remain Low (For Now) 

2019 and 2020 saw Edmonton’s lowest mortgage interest rates in decades. While the Bank of Canada’s current policy rate is predicted to remain at a steady 0.25%, rates are expected to increase by 0.75% by the end of…

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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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Recent numbers released by the REALTORS® Association of Edmonton have revealed that Edmonton’s housing market is nothing short of thriving. In fact, despite early market uncertainties as a result of the recent pandemic, the capital region has experienced “record-shattering” home sales over the last several months.

Healthy Market Increases

In September alone, sales were up a whopping 35.55% from September 2019. While there was slightly less inventory available (down 15.15% from last year), the number of new residential listings on market is up both year over year and month over month (10.73% from 2019 and 5.90% from August 2020).

An Uptick in Single-Family Home and Condo Sales 

September also saw single-family home sales up nearly 50% from…

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Despite an unprecedented slow start to the year due to COVID-19, the Edmonton real estate market is in full swing. Current market statistics have revealed June to be a record month for home sales in and around the capital region.

According to the REALTORS® Association of Edmonton, the city’s total number of unit sales for June 2020 increased by over 13% compared to May 2019. What’s more, the recent easement of pandemic restrictions has resulted in a massive influx of buying activity – and a 77.27% increase in home sales from May 2020 to the end of June.

New listings are also on the rise, with month over month numbers increasing over 20% from the previous month and 16.57% from the previous year. While Edmonton’s inventory did see a slight…

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The New Year is just around the corner, and with it comes some great news for Edmonton home buyers. Here are five reasons why now is the right time to purchase a new Edmonton home:

1. Record-Low Home Prices 

According to a recent report released by the Canadian Real Estate Association, Edmonton’s benchmark home price has now reached the ultra-affordable low of $316,200. Having fallen 8.29% over the last several years, homes are now being sold at prices not seen since the buyer’s market of 2013 – where the benchmark price was only slightly less at $314,500.

Home buyers interested in detached single-family dwellings and townhomes can expect to see some particularly substantial savings compared to last year, with average prices dropping over…

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