Found 5 blog entries tagged as Edmonton real estate.

 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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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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Are you in search of homes for sale or other real estate opportunities in Northeast Edmonton? Here’s what you need to know.

About Northeast Edmonton 

Northeast Edmonton is defined by 97th Street to the west, Edmonton city limits to the north and east and Yellowhead Trail to the south. A handful of neighbourhoods south of Yellowhead Trail and north of the North Saskatchewan River are also part of greater Northeast Edmonton.

Many of Northeast Edmonton’s more mature neighbourhoods, such as those closest to the North Saskatchewan River Valley, started as separate towns or villages before amalgamating with the Greater City of Edmonton. For instance, what we now know to be the Beverly area, was once the Town of Beverly, (whose sign still marks the…

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Looking to buy or sell a home in the Edmonton area? Good news! Edmonton’s real estate market is demonstrating some noticeably positive activity. While much of this bounce-back can be attributed to the province’s re-opening, buyers and sellers are eager to take advantage of the many perks our current market has to offer.

1. Ultra-Low Interest Rates 

With Canada’s interest rates sitting at a historic low of 0.25%, the Edmonton real estate market has seen an influx of buyers eager to secure an affordable fixed or variable mortgage at a great rate. While the Bank of Canada has cut its key overnight interest rate three times in light of COVID 19, experts predict that rates will stay low even as the pandemic ends.

2. A Buyers (and Sellers)…

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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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