Edmonton Real Estate Blog

Benefits Of Buying A Home In The Winter

Buying a home in the winterFor many people, Winter is the least favorite season. The roads are slippery, dressing up takes longer, and leisurely strolls to the local cafe become a hassle, especially when its 30 below with the windchill. And let's not forget having to put on those winter tires!

If you're seeking to get a great deal on a home, however, the winter season could be a blessing.

Here are some of the benefits of buying a home in Edmonton in the winter:

Fewer buyers to compete with

During winter, people are less keen on venturing out to search for a home. The poor weather conditions make the entire process more cumbersome. Unsurprisingly, most homes are sold in late spring and throughout the summer....

Edmonton Real Estate Stats - December 2018

“The real estate market in 2018 experienced record-high inventory levels, rising interest rates and the effect of the mortgage stress test, resulting in lower sales all property categories,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “It was a challenging market for both buyers and sellers and it appears 2019 will be similar.”

The Edmonton Census Metropolitan Area (CMA) real estate market marked a year of stable average and median prices, decreasing sales, and increasing inventory.

Edmonton Real Estate Stats December 2018

Average days on market increased for most categories, indicating it continues to be a buyers’ market for the Edmonton CMA.