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Friday, March 2, 2012 -

The REALTORS® Association of Edmonton reports that housing prices were up in all housing categories in February in the Edmonton area. The all-residential average1 price, at $329,911, was up 3.7% from January and up 5.7% when compared to the same month last year.Average prices in February were higher than the year-long average price for last year. Buyers seem to have confidence and REALTOR® offices are reporting solid traffic. This is lifting prices up and they are already higher than at the ... Full Article...
posted in General at Fri, 02 Mar 2012 14:03:56 -0700

Friday, December 23, 2011 -

Highlights of MLS® System activityNovember activity Record forthe month* % change fromNovember 2010Total MLS® System sales this month 1,236 -5.80%Value of total MLS® System sales - month $419 million -1.60%Value of total MLS® System sales - year $5.95 billion 2.00%Residential¹ sales this month $348 million -8.20%Residential average price $321,135 0.02%SFD² average selling price - month $365,734 0.21%SFD median³ selling price $348,000 -0.57%Condo average selling price $227,901 -0.63% ¹. ...
posted in General at Fri, 23 Dec 2011 10:57:06 -0700

Friday, December 23, 2011 -

December 2011: There were no surprises in the month-end Multiple Listing Service® sales figures for the month of November released by the REALTORS® Association of Edmonton. The all-residential average* sales price of $321,135 was up less than one percent from last month and last November. Single family detached homes sold on average for $365,734 which is marginally higher than last November and last month. Condominium average price ($227,901) was up 2.3% month-over-month (from $222,778) but ... Full Article...
posted in General at Fri, 23 Dec 2011 10:52:45 -0700

Tuesday, November 22, 2011 -

 November 22, 2011: In October the streets are overrun with ghoulish figures and scary characters but homeowners had no reason to fear the local housing market. Average prices for all types of residential property softened in October as part of the seasonal trend. In October the average* price of a single family detached home dipped lower than the two previous years and the previous month. The average price of a condo also dropped below the two previous same-month levels and was $15,500 below ... Full Article...
posted in General at Tue, 22 Nov 2011 11:18:20 -0700

Wednesday, August 10, 2011 -

August 2011, The average price of housing increased through July as compared to the previous month. The all-residential average price increased 1.1% to $334,054; up from $330,298 in June. Single family home prices increased 1.3% while condo prices rose 4.3% during the month.Residential sales in July were 1,441 up 3.6% compared to the same time last year. Residential listing activity dropped slightly in July to 3,038 units; down 210 units from June but up 193 units from the same time last year. ... Full Article...
posted in General at Wed, 10 Aug 2011 14:43:25 -0600

Tuesday, July 12, 2011 -

Economic and other external indicators point to a strengthening of the local real estate market. *Statistics Canada reported that Alberta boasted the highest spike in population in the first quarter with a 0.4% increase. *The Conference Board of Canada predicts that housing prices in Edmonton will increase from five to seven percent in the short term although local prices are currently down when compared to last year. *Although the Bank of Canada seems reluctant to raise interest rates because ... Full Article...
posted in General at Tue, 12 Jul 2011 13:17:43 -0600

Wednesday, June 1, 2011 -

Tthe average price of housing remained relatively stable through April as compared to the previous month. The all-residential average price decreased $310 to $327,415; down from $327,725 in March. Single family home prices decreased $425 while condo prices rose $1,305 (0.6%) during the month. Despite the activity the market is balanced without a distinct advantage for either buyer or seller. Prices and sales usually increase in the second quarter and REALTORS® are busy serving new and repeat ... Full Article...
posted in General at Wed, 01 Jun 2011 12:27:54 -0600

Monday, January 17, 2011 -

Effective March 18, 2011 Amortization change to max 30 Years on CMHC and GE mortgages, this will impact clients with less then 20% down payment Maximum 85% financing on refinances (equity take outs NOT on Purchases). Elimination of government insurance on lines of credit , this product was only available through one or two lenders, and it is important to note that HELOC?s (secured lines of credit) are still available up to 80%.
posted in General at Mon, 17 Jan 2011 12:55:05 -0700

Wednesday, January 12, 2011 -

The average price for a single family detached home in December was $355,270, down about $10,000 as compared to the price in November. The average condo price dropped less than $6,000 to $223,454. The marginal price reduction (down 0.45%) continued a SFD slide that started in June when average prices were over $390,000. Condo prices peaked at $252,700 in April and have continued a relentless march downward since then.The REALTORS® Association of Edmonton released month end and year end results ... Full Article...
posted in General at Wed, 12 Jan 2011 14:20:40 -0700

Monday, November 29, 2010 -

November 2010:Month-over-month price drop brings properties to 2009 housing price levelsAlthough the all-residential average price dropped 3% in October, average prices are almost exactly what they were a year ago. Single family dwellings were sold on average for $365,691 which is just $1,434 less (-0.39%) than October 2009. Condos sold in October for about $2,000 less (-0.9%) than a year earlier at an average price of $235,893.Stability is the key word for the Edmonton housing market. Prices ... Full Article...
posted in General at Mon, 29 Nov 2010 09:56:36 -0700

Wednesday, August 25, 2010 -

Edmonton, August 4, 2010: While the summer temperatures rose in July, housing prices cooled and prices for all types of residential properties dipped slightly according to figures released by the REALTORS® Association of Edmonton. Single family dwelling prices slid 3.1% while condo prices were down 1.5% and duplex/rowhouse prices dipped just less than one percent. The all-residential average price dropped just 1.7%. The number of homes in the inventory is giving buyers' choice. As a result many ... Full Article...
posted in General at Wed, 25 Aug 2010 11:07:21 -0600

Monday, July 5, 2010 -

Edmonton, July 5, 2010: REALTORS® report normal client activity in the Edmonton real estate market with listings, showings and sales. The residential inventory is approaching record levels set in 2007 but prices held steady in the second quarter with the expectation that they will soften as usual through the fall and early winter.  There was less external pressure on the market from incentives or rate changes last month and as a result the market seems to be operating in a normal controlled ... Full Article...
posted in General at Mon, 05 Jul 2010 11:16:02 -0600

Wednesday, April 7, 2010 -

Edmonton buyers and sellers remain optimistic Housing figures released by the REALTORS® Association for March and the first quarter of 2010 show that resale housing prices are up; listings and sales are up. There is consumer confidence in this market and both buyers and sellers appear eager to enter the housing market. Prices are up about 10% from a year ago and sellers are eager to take advantage. Buyers are aware of higher mortgage rates ahead and are getting into the market before the rates ... Full Article...
posted in General at Wed, 07 Apr 2010 09:46:15 -0600

Tuesday, February 16, 2010 -

FYI, NO CHANGE TO DOWN PAYMENT REQUIREMENTS OR AMORTIZATION, READ BELOW FOR THE CHANGES THAT WERE ANNOUNCED TODAY. Government of Canada Takes Action to Strengthen Housing Financing The Honourable Jim Flaherty, Minister of Finance, today announced a number of measured steps to support the long-term stability of Canada's housing market and continue to encourage home ownership for Canadians. "Canada's housing market is healthy, stable and supported by our country's solid economic fundamentals," ... Full Article...
posted in General at Tue, 16 Feb 2010 18:32:03 -0700

Thursday, February 4, 2010 -

Single family homes sold through the Edmonton Multiple Listing Service® System sold on average for the same amount in January as at year-end while condominium prices dipped 2%. Month-to-month sales slowed by 6.8% as compared to December but the number of new listings in January doubled the December numbers. The average* residential price was $314,783 for January, down 1.4% from last month and down just 0.7% from a year ago. Single family home prices on average were stable increasing minutely ... Full Article...
posted in General at Thu, 04 Feb 2010 15:47:20 -0700

Sunday, January 3, 2010 -

Total sales through the Edmonton and area Multiple Listing Service® system to the end of November have surpassed total year end sales in 2008. The total value of all types of property sold to the end of November is $6.64 billion. The same figure at the end of December 2008 was $6.42 billion. There have been 20,355 property sales so far as compared to 19,448 at year-end 2008.Both sales and the value of sales have exceeded our expectations this year. We anticipated sales levels would be the same ... Full Article...
posted in General at Sun, 03 Jan 2010 14:58:28 -0700

Monday, April 27, 2009 -

April 2009. The average price of single homes in Edmonton area has hovered around the $350,000 mark for the first quarter of this year.At the beginning of January the average price for a SFD was $ 351,870.  The price varied slightly and at the end of March the average SFD price was $349,716, up 0.7% from the previous month.  Condo prices were a little more volatile but popped up 1.6% in March to $230,469, after a 5% drop in February.  The average price of a duplex/rowhouse was $ 276,776.With ... Full Article...
posted in General at Mon, 27 Apr 2009 16:02:14 -0600

Tuesday, February 24, 2009 -

Alberta REALTORS® OpposeLand Transfer TaxesConcern: Land Transfer Tax = Home Buyers? TaxLand transfer tax, or more appropriately called Home Buyers? Tax, is a tax that would be paid by the buyer when property is sold. This tax has been discussed in several Alberta municipalities and was recently mentioned in a Calgary Herald article that spoke of additional sources of revenue the City of Calgary was considering to fund affordable housing, one of which was a land transfer tax. BackgroundHome ... Full Article...
posted in General at Tue, 24 Feb 2009 12:14:27 -0700

Tuesday, January 20, 2009 -

I forecast Slow and Steady for 2009 Housing SalesI am confident that, despite the global economic uncertainty, Edmonton and area can expect a reasonably good year ahead.Buyer reluctance will continue through the first part of the year. But confidence will return in the latter part of the year and sales will pick up. I predict that total residential sales through the Multiple Listing Service® will be down slightly when compared to 2008 figures. Sales in 2008 totalled 17,317 and REALTORS® expect ... Full Article...
posted in General at Tue, 20 Jan 2009 11:32:12 -0700

Tuesday, January 6, 2009 -

As we move into 2009 and despite what others are saying, please as Albertans chant the following:? We have to work on the positive. The fact is that the best market remains between your own ears. We CAN be contrarian, we do NOT have to watch the ongoing barrage of bad news nor listen to people that have been wrong all year anyhow. It is a fact that stock markets historically returned within 2 years after collapses, it is a fact that your cash flow property still does - well - cash flow. Facts: ... Full Article...
posted in General at Tue, 06 Jan 2009 12:56:03 -0700

Friday, November 7, 2008 -

FYI Despite global economic unrest and uncertainty in other North American housing markets, Edmonton and area seems to be maintaining an even keel according to figures released by the REALTORS® Association of Edmonton. October residential resale figures were lower than last October but within the normal range for this time of year. Overall prices were down but single family residences gained slightly in price.Sales typically slow in the fourth quarter and this year is no exception. Stronger ... Full Article...
posted in General at Fri, 07 Nov 2008 13:06:22 -0700

Saturday, October 4, 2008 -

FYIWe in the real estate industry have been kept busy with strong sales of homes through the Multiple Listing Service® in the past three months. September residential sales were up 65.9% from the same month in 2007 and built on year-over-year sales increases in July and August.Edmonton and area, may be the only housing market in western Canada that has increased sales in the third quarter. After peaking at record sales numbers in early 2007 the market slowed through the first half of this year. ... Full Article...
posted in General at Sat, 04 Oct 2008 12:09:54 -0600

Wednesday, October 1, 2008 -

U.S Bailout ???Has anyone really explained the U.S. government bailout to you? Me neither! Let me see if I have this right. Let's say the $700 billion does not represent homes. It represents the bad home loans that have been securitized into paper instruments that are supposed to (look) like a good investment note. The problem is, the cat is now out of the bag, and everyone knows they are not a good investment; in fact they are at risk. Now enters the government with a rescue plan.Here is an ... Full Article...
posted in General at Wed, 01 Oct 2008 10:01:59 -0600

Thursday, September 18, 2008 -

August residential sales up 18.6% over last year. In August, homebuyers are distracted by warm weather, vacations and back-to-school preparations. Never-the-less, the REALTORS® Association of Edmonton reports that residential sales were up 18.6% in August as compared to August 2007. New listings were down for the month compared to last year resulting in a net drop of 889 properties available on the Multiple Listing Service® (MLS®) dropping below the 10,000 mark for the first time since March. ... Full Article...
posted in General at Thu, 18 Sep 2008 18:16:30 -0600

Wednesday, July 30, 2008 - The New Website!

Today marks the first day of the new website. The new site offers a wealth of fresh industry information that's constantly being updated. Have a great time checking it out!
posted in General at Wed, 30 Jul 2008 13:27:18 -0600

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