If you haven't heard it yet, the REALTORS® Association of Edmonton recently published their June market report entitled "Inventory beginning to stabilize while prices still rise". To sum it up in four words; "So far, so good".
Below is the complete transcript of the report. For a list of Homes For Sale In Edmonton, check out our new and improved Edmonton MLS Listings.
Edmonton, June 2, 2015: With new listings down over 2% from last May, we are finally starting to see the Edmonton Census Metropolitan Area (CMA) inventory begin to stabilize. Even with a wealth of residential property on the market (almost 30% more than last year), we are continuing to see price increases for all residential properties.
The Financial Post published an article last 13 May entitled "Canadian home prices rose slightly in April — but Toronto and Vancouver were basically flat: Teranet"
This story was met with really interesting response from readers with some commenting that "This bubble cannot inflate indefinitely as much as many Canadians think it will - forever". Let us know that you think in the comment section below.
Note: To access the Edmonton real estate market, visit our new and improved Edmonton MLS Listings. Updated daily for your convenience.
TORONTO — Canadian home prices rose in April from a month earlier, the fourth straight monthly increase, but the pace of the gains was slower than in March and the hot markets of Toronto and Vancouver were
Wrapping up our productive work week this Friday are some good news about Edmonton's real estate market. Since Team Leading Edge is on a roll let's keep the momentum going with these positive key indicators.
CDCNews | Edmonton reported last 2 April that "Average house costs in Edmonton reach record high". The report confirms that Edmonton is experiencing a real estate boom with "average family home remaining on the market for 44 days, down from 51 in March of last year". Houses sales have been pegged at north of 6%. Read more here.
Calgary Sun on the other hand had an article entitled "Edmonton looking pretty attractive " which was published last 19 July. The author Myke Thomas discuss how Edmonton homes are less expensive than those in Airdrie,