Edmonton, June 4, 2007: Pessimistic market watchers are peering into the future for any sign of a market slowdown in Edmonton. According to the REALTORS® Association of Edmonton the market remains buoyant with a billion dollars worth of residential sales in May.
EDMONTON - There were long faces at City Hall on Wednesday, as Edmonton residents, already battling mosquitoes and dandelions, dealt with another unpleasant rite of spring -- property taxes.
Every bird loves its own nest, the saying goes, and Canadians are proving no different.
Low interest rates and attractive financing options are making home ownership increasingly popular compared to renting, even though home prices have risen faster over the past two decades, according to a Statistics Canada report released yesterday.
EDMONTON - Stick a pin anywhere in a map of the Edmonton area and you'll hit a rich vein of stories about the surging real estate market.
Hit Allendale with that pin and you'll find a mature city neighbourhood where the buying, selling and new construction is impossible to ignore. For Sale signs sprout like dandelions along tree-lined avenues. Rejuvenated bungalows sit aside handsome new homes selling for $600,000 or more.
The trickle-down effect of the runaway housing market has a growing number of people, from all walks of life, finding themselves homeless, hopeless ... or both
EDMONTON - With two young children in tow, single mother Kelin Donnelly feels none of the hopefulness she's heard is important in the search for a place to live.
We certainly shouldn't gloat over anyone else's misfortune, but when we look at the stark differences between housing markets in the U.S. and Canada, maybe it's permissible to be grateful that sometimes, boring is better.
The latest news for Canadians is that the value of homes continue to rise, not a heck of a lot outside of the West, but still, to rise. At the same time, housing construction is declining only gently. This is just about what you'd hope for if you wanted to see our housing boom end without bringing on a serious economic slowdown.
EDMONTON Housing price increases will moderate here if our market continues to follow Calgarys, a developer predicted today at the Edmonton Real Estate Forum.
Edmonton, May 2, 2007: The REALTORS’® busy season is April, May and June as homebuyers plan for moves over the summer. Last year over 30% of all home sales in the year took place in the second quarter. REALTORS® with the Edmonton Real Estate Board expect that trend to continue despite steady price increases.
“The average price for a single family home continues to increase in a very active market,” said Carolyn Pratt, president of the EREB. April 2007 residential sales were 20% higher than the previous April. “There is a strong demand for housing and market value is an elusive target. Our members must constantly balance the buyer and seller requirements to ensure good value in each transaction.”
The average price of a home in the U.S. has fallen to a two-year low, with declines in almost half of all U.S. cities. Do you think Canada's real estate market will follow suit?111 votes
