Canada Mortgage and Housing Corporation (CMHC) just released their national housing market outlook for 2024, which included a positive forecast for Edmonton. 

"The positive outlook is likely to continue in the short term, supported by employment gains across various sectors...Moreover, relative housing affordability and lower living costs in Edmonton are anticipated to continue attracting both international and interprovincial migrants, leading to higher population growth. The house market is projected to remain active over the forecast horizon, supported by strong demand fundamentals." 

If you have any questions, or would like to discuss what this might mean for you, please do not hesitate to contact us!

60 Views, 0 Comments

Read Full Post

Even though we just got that huge (and much needed) dump of snow, spring is just around the corner! There are so many awesome things happening in our great city this month, and we wanted to share a few of you favourites with you!

60 Views, 0 Comments

Read Full Post

Don't let neglect turn into costly repairs! Scheduled home maintenance isn't just about keeping up appearances; it's about protecting your investment and ensuring you space remains safe & comfortable. From checking your HVAC system to inspecting for leaks and maintaining your outdoors spaces, regular upkeep can prevent small issues from snowbailling into major headaches down the line. Stay ahead of the curve and sav yourself time, money and stress!

64 Views, 0 Comments

Read Full Post

Sales volumes last month absolutely skyrocketed compared to same month last year! Single-family homes sales were up 51% compared to January 2023, and 25% versus December.

Inventory levels are extremely low at the moment (12.1% lower than same month last year) - and with the possibility of interest rate reductions  on the horizon, buyers are trying to get in before things might really go crazy.

For further information on how the current market might be affecting your real estate situation, please do not hesitate to reach out to our team!

72 Views, 0 Comments

Read Full Post

While February might not be everyone's favourite month in Edmonton, there are some awesome events to check out around the city! The YEGListings Group wanted to outline a few of them for you here!

52 Views, 0 Comments

Read Full Post

As I'm sure most of you have heard, the Bank of Canada decided to hold its benchmark interest rate steady at 5% yesterday. This marks the 4th interest rate hike in a row, and suggests that cuts may be on the horizon. 

For any questions, or if you'd like to discuss how this might affect your real estate decisions, please do not hesitate to reach out to us!

 

75 Views, 0 Comments

Read Full Post

 The Realtors Association of Edmonton just had their 2024 Housing Forecast, so we wanted to break down some key elements of what was discussed.

With all of the factors heading into this year (e.g. increased migration to Alberta, potential for significant interest rate decreases and shortage of detached single-family homes), this could be a very exciting year in the real estate world.

If you have any questions, or would like to discuss any of the above in further detail, please do not hesitate to reach out to the YEGListings Group!

89 Views, 0 Comments

Read Full Post

With no apparent relief from elevated interest rates on the horizon, the shortage of inventory is helping keep sales volumes (and average sales prices) at reasonable levels. Sales volumes are up across the board versus same month last year, but down compared to Sept 2023.

For more information on how this has impacted your property, or any other questions, reach out to the YEGListings Group!

74 Views, 0 Comments

Read Full Post