Edmonton Real Estate Stats - February 2020
Following a slow start to the year, sales activity improved by eight per cent this month compared to last year. The gains in monthly sales was also met with a gain in new listings, but the new listings growth was not enough to derail the trends of ...
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Posted by Gerard Hagan on March 3, 2020 in Edmonton Real Estate Statistics
Real Estate Supply And Demand
Just like any other good or service, the price of real estate is affected by the law of supply and demand. At its most basic level, when demand for homes is high and supply is low, prices tend to higher, and when demand is low, prices tend to be ...
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Posted by Gerard Hagan on February 17, 2020 in Edmonton Real Estate
Edmonton Real Estate Stats - January 2020
January sales eased slightly compared to last year’s level. Thanks to a significant decline in new listings, inventory levels eased, and the market saw the months of supply ease to under nine months, improvement from last January levels which ...
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Posted by Gerard Hagan on February 3, 2020 in Edmonton Real Estate Statistics
Edmonton Real Estate Stats - December 2019
Stronger sales in the last three quarters helped offset earlier losses, resulting in stable sales activity this year. However, the market was divided with growth occurring mostly for product priced below $300,000.
While supply levels are adjusting, ...
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Posted by Gerard Hagan on January 8, 2020 in Edmonton Real Estate Statistics
Answers to the Most Common Mortgage Questions
Purchasing a home may be the largest and most complex transaction you'll make during your lifetime. It's not an easy process, with many things to take into consideration, the most notable of which is the mortgage.
Mortgages come in all shapes and ...
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Posted by Gerard Hagan on December 11, 2019 in Edmonton Mortgages
Edmonton Real Estate Stats - November 2019
November sales eased by nearly four per cent compared to the previous year making it one of the weakest Novembers since 2012. Despite the pullback, year-to-date sales remain relatively consistent with last year’s level. Edmonton has recently ...
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Posted by Gerard Hagan on December 4, 2019 in Edmonton Real Estate Statistics
Edmonton Real Estate Stats - October 2019
While the improvement in sales has helped contribute to the reduction in inventory levels, overall sales for the year remain comparable to last year and are still below what is considered the norm for the city.At the same time, new listings continue ...
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Posted by Gerard Hagan on November 11, 2019 in Edmonton Real Estate Statistics
Edmonton Real Estate Stats - September 2019
Following a one-month pullback in sales, September sales activity improved over last year’s levels and were just below long-term trends. Year-to-date sales are comparable to last year’s levels, but there has been a shift in the type of ...
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Posted by Gerard Hagan on October 14, 2019 in Edmonton Real Estate Statistics
What You Should Know Before Renting Your Home on Airbnb
How to Turn Your Rental into an Income Stream on Airbnb
With the "gig economy" on the rise and the ever-increasing presence of online platforms that bring buyers and sellers together, there has never been a better time to create a second source of ...
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Posted by Gerard Hagan on October 1, 2019 in Edmonton Real Estate
Edmonton Real Estate Stats - August 2019
Following several months of year-over-year gains, August sales eased in the region, keeping year-to-date sales just below typical levels of activity. While resale demand remains slightly lower than long term trends, the number of new listings ...
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Posted by Gerard Hagan on September 9, 2019 in Edmonton Real Estate Statistics
August 2019 Alberta Average Home Prices
Provincial sales eased in August compared to the previous year across all regions except Calgary and Lloydminster. However, slower sales were also met with a pullback in new listings, causing further year-over-year reductions in inventory levels and ...
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Posted by Gerard Hagan on September 8, 2019 in Edmonton Real Estate Statistics
July 2019 Alberta Average Home Prices
Recent improvements in fulltime employment combined with easing home prices and stable lending conditions is likely supporting some of the demand growth in the province. However, economic activity does vary by region as some areas continue to ...
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Posted by Gerard Hagan on August 27, 2019 in Edmonton Real Estate Statistics
How the 50-30-20 Rule Can Help You Save for a down Payment
Getting the cash together for a down payment is no easy task. In Canada, a minimum of 5% of the purchase price of a home is required for a down payment. For most people, this translates to a substantial chunk of cash, and one that will be ...
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Posted by Gerard Hagan on August 22, 2019 in Edmonton Real Estate Buying Tips
Edmonton Real Estate Stats - July 2019
July sales improved by over 10 per cent compared to last year, making it the best July since 2015. At the same time the new listings also eased, helping reduce inventory levels and reducing the oversupply in the market. While the months of supply ...
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Posted by Gerard Hagan on August 22, 2019 in Edmonton Real Estate Statistics
Edmonton Real Estate Stats - June 2019
“The real estate industry has seen a reduction in the number of listings in June,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “Prices, however, remain relatively flat across all categories of homes....
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Posted by Gerard Hagan on July 15, 2019 in Edmonton Real Estate Statistics
Questions to Ask a Contractor When Discussing Renovation Plans
Renovating your home is fun and exciting. It allows you to bring to life that great idea you've had stashed away, a vision to make your home truly your own.
While you may not lack the enthusiasm, you may not have the time or possess the ...
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Posted by Gerard Hagan on July 11, 2019 in Edmonton Home Renovations
Edmonton Real Estate Stats - May 2019
While the number of sales in the Edmonton real estate market gains steam with a modest percentage increase, the market remains sluggish. Uncertainty in regards to the national and global economy as well as mortage stress tests continue to play a ...
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Posted by Gerard Hagan on June 6, 2019 in Edmonton Real Estate Statistics
Millennials Earn More than Previous Generations - But Is It Enough?
According to a new Statistics Canada report studying the economic well-being across generations, millennials are earning more money than previous generations - but it may not be enough.
The data agency analyzed several factors, such as income and ...
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Posted by Gerard Hagan on May 28, 2019 in Edmonton Real Estate
Edmonton Real Estate Stats - April 2019
Prospective home buyers continue to remain on the sidelines and this is largely due policy including interest rates and borrowing requirements. However, signs point to lower mortgage interest rates this year which should bring some activity back ...
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Posted by Gerard Hagan on May 3, 2019 in Edmonton Real Estate Statistics
Edmonton Real Estate Stats - March 2019
Prospective home buyers continue to remain on the sidelines and this is largely due policy including interest rates and borrowing requirements. However, signs point to lower mortgage interest rates this year which should bring some activity back ...
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Posted by Gerard Hagan on April 3, 2019 in Edmonton Real Estate Statistics