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

Posted by Corey Sylvester on January 22nd, 2025

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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Bank of Canada Policy Rate Announcement July 12 2023

Posted by Corey Sylvester on July 12th, 2023

Bank of Canada Interest Rate Announcement - July 12, 2023

As widely expected for today's rate announcement, the Bank of Canada has raised their policy rate to 5%. Another .25% mirroring the last increase back on June 7th. This is now the 10th rate increase since early 2022.  Image sourced from Bank of Canada website: https://www.bankofcanada.ca/2023/07/fad-press-release-2023-07-12 The Bank of Canada stated that "Canada’s economy has been stronger than expected, with more momentum in demand. Consumption growth has been surprisingly strong at 5.8% in the first quarter. While the Bank expects consumer spending to slow in response to the cumulative increase in interest rates, recent retail trade and other data suggest more…

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5 REASONS TO PURCHASE A HOME IN THE WINTER

Posted by Corey Sylvester on November 3rd, 2022

5 Reasons to Purchase a Home in the Winter

When it comes to the home-buying process, there are many things to consider. One of the most important factors is the time of year. Many people think that buying a house in the winter is a bad idea, but we are here to tell you that there are several benefits to doing so! I hear things like, "I don't want to have to move in all the snow", or "there are only bad homes that nobody wants for sale in the winter". And although the first is a fair point, the second is not always the case. In this blog post, we will discuss 5 reasons why you should purchase a home in the winter, and it might just make that move in the snow well worth it!

Less Competition

One of the best reasons to buy a house this time of year,…

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5 Tips for Selling Your Home During The Holidays

Posted by Corey Sylvester on December 8th, 2021

5 Tips For Selling Your Home During The Holidays

Selling your home during the holidays is no easy task. The busyness of the holidays aside, the market has typically cooled a bit as most buyers have decided to wait until after the holidays before the continue to pursue their purchase. Nevertheless, Sometimes life just puts you in a position where you need to keep trying to sell, or put your home up for sale during the holiday season. And believe it or not, there are still buyers out during this time of year! maybe not as many, but they are out there. People always need to buy homes, and that's a fact.

As I mentioned in the video above, there are a few tips that can help you manage expectations for having your home listed for sale during the…

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Riverbend Market Update - March 2021

Posted by Corey Sylvester on April 7th, 2021

Riverbend Real Estate Market March 2021

Hello Everyone! As we enter our spring market, I wanted to give a quick update as to what we've seen so far in Riverbend for homes sales. I'm sure you've all heard about how busy the real estate market is, and maybe you've considered making your move and striking while the iron is hot! And this might very well just be the right move... depending on what you're selling. The market is very active, and certain demographics and price points are incredibly active right now. While others... not so much.  I'll give a quick version of where we are seeing our highest activity, as well as which markets are struggling. 

The reality is most of the real estate news you hear is Canada wide. The reality is, there are two…

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Edmonton Real Estate Market Forecast 2021 - Part 4

Posted by Corey Sylvester on March 2nd, 2021

In part 4 of our series on the RAE Housing Forecast Seminar 2021, we drill down on the purpose of the seminar: forecasting the year ahead. A bold thing to do in light of the uncertainty we all faced last year, and the aftershocks that a global pandemic has the potential to send into 2021. 

“As you can imagine, putting a forecast together for 2021 has had unique challenges,” said Realtors Association of Edmonton Chair Tom Shearer. “We have witnessed varying degrees of confidence for what 2021 has in store, and economic perspectives on what may happen next vary considerably.”

Last year many economists were forecasting a drop in year-over-year and unit sales, volumes, and prices of homes. But, Shearer says, in the majority of major markets,…

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January 2021 Real Estate Market Update - Infographic

Posted by Corey Sylvester on February 4th, 2021

Edmonton Real Estate Market Snapshot For January 2021

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Edmonton Real Estate Market Forecast 2021 - Part 3

Posted by Corey Sylvester on February 3rd, 2021

Opportunity In Crisis

With all of the uncertainty in Alberta surrounding the Keystone Pipeline and the oil industry, part three in our series on the RAE Housing Forecast Seminar 2021 is a welcome look forward into 2021 with an eye on trends that are keeping existing businesses in growth-mode, and why Edmonton has an incredible amount of potential to become an economic powerhouse for a wide variety of emerging and established industries many of us have never even considered.

“Over the past year, I’ve seen a lot of uncertainty, hardship and loss, definitely,” admitted Lynette Tremblay, Vice President, Strategy & Innovation, at Edmonton Global (the economic development organization, not the local news outlet). “But I’ve also seen triumph and…

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Edmonton Real Estate Market Forecast 2021 - Part 2

Posted by Corey Sylvester on January 29th, 2021

A Sense Of Hope

With the trajectory of the Covid-19 understandably dictating people’s comfort level when it comes to entering a stranger’s home, not to mention the effect it has on their work, this winter has, unsurprisingly, slowed things down a bit with the current rise in virus cases, but this slow-down will not last, Benjamin Tal, CIBC World Markets’ Deputy Chief Economist suggested during his presentation for the Realtor’s Association of Edmonton’s 2021 housing forecast. 

“There is reason to believe that the situation will improve,” Tal said, “In fact, it might improve much faster than people expect, and it will be stronger than people expect.” 

Some of the things that give us an advantage during this phase of lockdowns is that most…

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A 20/20 Perspective

Posted by Corey Sylvester on December 29th, 2020

A look back at 2020

A little while ago, a friend of mine shared one of those Facebook memories from four years ago. Oh, those pesky Facebook memories. We’ve all seen and shared them this year; snapshots of birthday parties or family dinners or concerts or tropical vacations. Photos of ourselves that seem to be from another world, doing things we miss terribly with people we miss even more. Those have been hard to see.

But this memory was a bit different.

This was a video of two women who had composed a hilarious song about how terrible of a year 2016 had been and how happy they were that it was finally coming to an end. And, I suppose, 2016 was bad wasn’t it? The polarization of people’s world views had escalated to a degree that no one could…

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