Found 7 blog entries tagged as 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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Navigating the Edmonton Real Estate Market in June 2024: Key Insights for Home Buyers & Sellers

The latest updates from the Bank of Canada and the REALTORS® Association of Edmonton provide vital insights for anyone eyeing the Edmonton real estate market. Here's what you need to know.

Bank of Canada Rate Cut

On June 5, 2024, the Bank of Canada announced a 25 basis points reduction in its policy rate, bringing it down to 4.50%. This move is aimed at supporting economic growth and ensuring inflation stays within the target range. For home buyers in Edmonton, this means potential relief in mortgage interest rates, making home financing slightly more affordable.

More information here:…

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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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EDMONTON REAL ESTATE MARKET UPDATE - OCTOBER 2022

The housing market in Edmonton is transitioning once again.  We've already seen changes over the last 12 months; going from an aggressive sellers market, to what I'd consider a more balanced market today. Even though the frenzied market of earlier this year has slowed down, I feel this is a much more normalized market, one that we are used to here in Edmonton. There are a few factors that seem to be contributing to our current landscape, but before we get into that, let's take a look at some of the recent sales activity for the Edmonton market in the month of September.

Edmonton Real Estate Market For September 2022


edmonton-real-estate-market-update-rae

Infographic from the Realtors Association of Edmonton®

Average Price 

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Edmonton Real Estate Market Update - June 2022

It has been an interesting real estate market this year, and if you have been watching the headlines, it's probably been one of the more confusing times in real estate with so many different opinions... "interest rates are down"... "now up"... "it's a great time to buy"... "now it's not"... "its a great time to sell"... "now it's not"... "the market is up"... "now it's down"... If you're watching this and thinking "what the heck is going on", you are not alone. In this blog, I'm not only hoping to bring you up to speed on what has transpired this year, but give you some direction as to what we can expect moving forward. 

So, what has been going on in the Edmonton real estate market?

It has been a…

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Edmonton Real Estate Market Update December 2021

Well, here we are in early December, when the real estate market it typically heading into hibernation for the holidays, but not this year. For December, the market remains fairly active compared to your more typical year. So what gives? What is causing this continued activity? 


There are a couple things that I see driving this activity. I'll explain them below in a bit more detail.


1) Interest Rates - I feel this is probably the biggest reason why we are seeing a bit more activity than normal for this time of year. Over the last year, we have witnessed some of the lowest interest rates we have seen. Currently, they sit somewhere in the mid 2%'s, give or take depending on the person, and…

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How COVID-19 Helped Create a Surge in the Edmonton Real Estate Market                     

Starting in June 2020 and accelerating through July and August, the Edmonton Real Estate market saw an increase in sales activity since this time last year. Actually, we haven’t seen sales this high in the month of August in the greater Edmonton since the boom in 2006. So, what gives? We’re in the middle of a global pandemic, Alberta’s economy (and Canada’s economy for that matter) feels totally uncertain and the government policy changes and spending seem astronomical. So, WHAT GIVES?!

There are a few factors that I believe are at play here to help drive this sudden demand in our real estate market, but before I get to those let’s take a brief look back…

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