Those wanting to sell their home in the new year will be met with some not-so-good news. With an excess of houses up for sale, the Edmonton housing market forecast hints at slower sales and lower prices.
According to real estate firm, Royal LePage, the median home price in Edmonton is expected to decrease 1.9 percent to $378,691 near the end of 2019.
The Realtor Association of Edmonton has come to a similar conclusion, showing single family homes sold for an average price of $421,715 in November. This is 4.55 percent lower than the previous year.
Condominium prices fared even worse, averaging at $218,443,...
In a recent poll conducted by real estate listings company, Zoocasa, 52 % of homeowners expressed negative sentiment towards cannabis and its potential impact on property values.
With the recent passing of the federal Cannabis Act, Canada is heading into uncharted territory. The act will allow Canadians to purchase and grow up to four plants in their homes for personal use.
There is a very real sense of trepidation among Canadians when it comes to the potential effects of cannabis on property values, and rightfully so; an individual's personal residence is usually the largest investment they will make.
Among the findings of the poll:
57 % believe that growing the legal amount in a home would devalue the...
Congratulations on the purchase of your new home! Now that you’ve unpacked all the boxes and set up your furniture how you like it, there are some easy home maintenance jobs you can do that will help improve your home’s energy efficiency and reduce your energy bills.
1. Seal the windows and doors.
Give all your windows and doors a visual inspection inside and outside of the home. If you’ve noticed any cracks or damaged seals, they could be allowing energy to escape. Your windows are the number one culprit for energy loss in the home, so you want to install new weather stripping and caulking right away. If your windows are noticeably warped, damaged or very old, you should contact some ...
“Compared to 2017, listings and inventory are increasing, which means there is plenty for buyers to choose from this year,” says REALTORS® Association of Edmonton Chair Darcy Torhjelm. “As we close out the year, average prices are decreasing slightly, likely due to the slower winter sales season and higher inventory levels, so sellers will need to be patient and flexible when it comes time to negotiate.”
Average days on market increased for most categories, indicating it continues to be a buyers’ market for the Edmonton CMA.
More Edmonton & Area Market Statistics...