Is it a good time to sell a house in Edmonton?

Is It a Good Time to Sell a House in Edmonton?

Timing plays a crucial role in the success of selling your home. If you’re considering putting your house on the market in Edmonton, you might be wondering whether now is the right time. Let’s explore the current market conditions, seasonal trends, and tips to ensure your sale is a success.

Understanding Edmonton’s Current Real Estate Market

As of early 2025, Edmonton’s real estate market remains balanced, with an increasing demand for homes. Key factors impacting the market include:

Interest Rates: Recent rate decreases have affected buyer affordability and demand as buyers have been waiting for lower rates. Many buyers are now entering the market as their mortgages come up for renewal, and we…

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5936 South Terwillegar Blvd

5936 South Terwillegar Boulevard

Southwest Edmonton Real Estate

New Listing in South Terwillegar, Edmonton AB.

Discover this gorgeous half duplex in the highly sought-after community of South Terwillegar! Nestled on a quiet street near parks, walking trails, and a serene community pond, this home offers the perfect blend of tranquility and convenience. Meticulously maintained with recent upgrades, it’s move-in ready as well as affordable. The main floor boasts a bright and spacious living room, dining area, and an upgraded kitchen featuring a gas range, island with a stainless countertop, and ample storage. Upstairs, you’ll find two primary suites, each with its own ensuite bathroom and walk-in closet—ideal for families or shared living. The…

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January 2025 Edmonton Real Estate Market Update

January 2025 Edmonton Real Estate Market Update

As the hangover of our holiday festivities and failed (or perhaps successful) resolutions begins to fade, Edmonton’s 2025 real estate market presents to us a dynamic landscape for buyers and sellers. For those of us with an eye towards savvy investment opportunities, here's an overview of current trends and projections to help navigate the market effectively.

Current Edmonton Real Estate Market Overview

Most will remember the seller’s market that dominated 2024, with an average residential price of $431,839—a 7.7% increase from 2023. We also saw a sales transaction volume that increased by 27.5% during this period as well.

Predictions for 2025

Market

Experts anticipate a seller's market to…

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New Canadian Mortgage Rule Changes

New Canadian Mortgage Rule changes

Major Mortgage Reforms Set to Make Homeownership More Accessible for Canadians

In a move to help more Canadians achieve their dream of owning a home, the federal government announced major mortgage reforms on September 16, 2024. These reforms are aimed at addressing the rising costs of homeownership, especially for younger generations like Millennials and Gen Z, who often face affordability challenges. Here’s a breakdown of the key changes and what they mean for homebuyers.

1. Extended Mortgage Amortizations

Starting August 1, 2024, first-time homebuyers purchasing newly built homes, including condos, can take advantage of 30-year insured mortgage amortizations. The goal of this change is to reduce the size…

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Interest Rate Update

Interest Rate Update From The Bank Of Canada - December 11, 2024

How the Bank of Canada's Recent Rate Cut Affects Canadian Homebuyers

The Bank of Canada recently reduced its overnight rate to 3.25%, signalling efforts to support economic growth and keep inflation near its 2% target. This decision and the broader economic context offer both opportunities and considerations for prospective homebuyers in Canada.

What's Happening in the Economy?

Globally, the economic landscape is mixed. The U.S. economy remains strong, with high consumer spending and a solid labour market, while growth is slower in Europe and China. Canada's economy grew by 1% in the third quarter, falling short of projections due to weaker business investments, exports, and…

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10728 67 St

10728 67 Street, Edmonton AB

Located in the community of Capilano

New listing

$600,000

This renovated bungalow is a stunning, move-in-ready home nestled in the highly sought-after community of Capilano, just steps from the Edmonton River Valley. Perfect for those who love the outdoors, this location offers easy access to tranquil walking/biking trails, nearby shopping, schools, and convenient public transit. From the moment you arrive, the well-maintained landscaping and charming curb appeal draw you in. Inside, the open floor plan creates a welcoming flow, with a spacious living room and dining area leading out to a serene backyard patio. The newly upgraded kitchen is perfect for any chefs. Down the hall, you’ll find two generously sized…

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506, 7951-96 ST

506, 7951-96 Street, Edmonton AB

New Listing

Community of Ritchie

This bright, south-facing penthouse offers almost 1,700 sq. ft. of beautifully upgraded space. It features two private balconies with breathtaking Mill Creek Ravine views. The open kitchen boast, quartz countertops, a stylish backsplash, under-cabinet lighting, upgraded appliances, and an eating bar. Ceramic and cork flooring run throughout. The spacious living/dining area has a gas fireplace and 16-ft floor-to-ceiling windows, flooding the space with natural light. The primary bedroom includes a reading nook, spa-like ensuite with double shower, and cedar-lined walk-in closet w/California Closet organizers. The second bedroom serves equally well as a guest room or office. The loft…

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2136 Austin Link SW

2136 Austin Link SW, Edmonton AB

Ambleside, Southwest Edmonton

New listing

$464,900

This is your chance to own a rare and unique half duplex in the highly desirable community of Ambleside! Boasting a stunning walkout basement with a gorgeous pond view, this home offers peaceful surroundings and modern comfort. With 3 spacious bedrooms and 2.5 bathrooms, it’s perfect for families, those looking to grow or modest downsize. The main floor’s open concept design creates a bright and inviting atmosphere, ideal for both relaxing and entertaining. The unfinished basement is a blank canvas, waiting for your personal touch! Recent upgrades include beautiful hardwood on the main floor, newer appliances, luxury vinyl on the second floor, new HWT,…

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84 Bonin Crescent

84 Bonin Crescent

Coloniale Estates, Beaumont AB

Price - $550,000

Welcome to Coloniale Estates! This stunning family home sits on a large pie-shaped lot, featuring one of the most impressive backyard retreats you’ll find—ideal for BBQs, outdoor entertaining, and creating lasting memories. The beautifully updated 2-story home offers spacious living areas and thoughtful design throughout.

Upon entering, you'll find a versatile front office or flex space, perfect for work or study. Continue into the open-concept kitchen, living, and dining area, where large patio doors open to a custom deck and showcase the expansive backyard. The kitchen features stainless steel appliances, a corner pantry, and a center island, making it a hub for family…

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1029 73 Street

1029 73 Street NW, Edmonton AB

Southeast Community of Menisa in Millwoods

Price - $450,000

Welcome to Unit 1029, 73 Street NW, an exceptional bungalow nestled in the heart of Menisa, one of Millwoods' popular communities in South Edmonton. This home offers the perfect blend of comfort, convenience, and family-friendly living.

As you enter this spacious bungalow, which boasts over 1,700 sq ft on the main level, you're greeted by a bright and airy front living room. The large window frames a picturesque view of mature trees in the front yard, offering a tranquil start to your day. The dining area is generous in size, making it ideal for hosting family gatherings, especially during the holidays.

The kitchen is both functional and stylish,…

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