Don't let the media fool you. Our Edmonton real estate market is stronger than everyone would lead you to believe, and has had a significant turnaround from 30 days ago.
As of today there are 2,399 Single Family homes listed for sales. In the past 30 days 662 Single Family Homes were sold. That would give us a listings to sales ratio of 3.62:1, which is below the 4:1 ratio required for a neutral or balanced market.
With a ratio of 3.62:1 that means we will have upward pressure on valuations. Expect valuations to rise going forward.
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