Discover the most up-to-date news and insights on the Edmonton & Area Real Estate market. With comprehensive market updates, valuable information on mortgages, and more, you can trust that you will be well-informed. Stay ahead of the curve by staying connected with us.

July 2024 Market Update

Looking for Edmonton real estate? Here's an easy-to-understand summary of Edmonton's housing market as of August 2, 2024. The Greater Edmonton Area (GEA) witnessed a total of 2,941 residential unit sales, a jump by 3.5% from previous month and a remarkable 27.1% from July 2023! That's a lot of Edmonton homes for sale.

New MLS listings in the GEA were 3,729, a 2.9% rise from June 2024 and a hefty 13.2% from July 2023. Yet, the overall housing inventory decreased by 1.4% since June and was 15.1% lower than in July 2023.

Breaking down the types of units sold, detached homes had a sales figure of 1,708, an increase by 2.8% from June 2024 and it was also 23.5% higher than in July 2023. The semi-detached and row/townhouse…

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Understanding Mortgage Rates and How They Affect You

Whether you're buying your first home or selling your current one, understanding mortgage rates is key to making informed decisions. In this blog, we'll explore what mortgage rates are, how they are determined, and their impact on homebuyers and sellers in Edmonton, Alberta.

What Are Mortgage Rates?

Mortgage rates are the interest rates charged by lenders on mortgage loans. These rates can significantly affect your monthly payments and the overall cost of your mortgage. Mortgage rates are determined by several factors, including the state of the economy, inflation, and the lender's own policies.

Fixed vs. Adjustable Mortgage Rates

When choosing a mortgage, you'll typically encounter two…

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How to Move Without the Stress: Tips for Moving to or in Edmonton, Alberta

Moving to a new home, especially in a city like Edmonton, Alberta, can be both exciting and overwhelming. Whether you’re a seasoned homeowner or a new resident, the process can be stressful. But with the right planning and mindset, you can turn it into a smooth experience. Here are some tried-and-true tips to help you move without the stress.

Plan Ahead

One of the most effective ways to reduce moving stress is to plan ahead. Start early and create a detailed moving timeline. Break down tasks week by week to ensure you don't miss anything important. This way, you can avoid the last-minute scramble and keep everything on track.

Key Steps in Your Moving Timeline:

  • 8…

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Your Ultimate Guide to Choosing the Perfect Home

Buying or building a new home is often the biggest financial commitment you'll make in your life. But with so many options available, how do you narrow them down to find the perfect fit? Whether you're a first-time buyer, part of a growing family, considering new home construction, or looking to purchase an existing home, this guide will help you refine your choices and prioritize your needs.

Building Your Dream Home

Building a home allows for unparalleled customization. You can tailor every detail to suit your lifestyle and preferences. Here are some key steps to consider:

Prioritize Each Room

Go through each room and write down what you want to prioritize. Think about how you use each space…

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Prevent Common Home Buying Mistakes

The thrill of purchasing a home in the vibrant city of Edmonton, Alberta is an experience like no other. However, there are some common pitfalls that buyers often fall into, which can inhibit their journey to homeownership. In this quick guide, we have identified the most common mistakes made by home buyers in the Edmonton real estate market, providing you with ten easily digestible points to help navigate the process confidently and efficiently.

  1. Not Reading the Contract Thoroughly: The excitement of buying a home can be incredibly overwhelming, often resulting in overlooked details or misunderstood terms within the contract. However, don't let your enthusiasm overshadow the legal aspects of the…

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Discover Millwoods Community in Edmonton, Alberta

Welcome to Millwoods, one of Southeast Edmonton's most vibrant and family-friendly communities! Whether you're considering a move or just visiting, Millwoods offers a rich blend of recreational activities, cultural landmarks, and community events that make it an ideal place for families and homebuyers. Compiled of a number of communities this area of Southeast Edmonton has lots to offer. Let's take a closer look at what makes Millwoods so special.

Key Attractions in Millwoods

Mill Woods Park and Recreation Centre

Mill Woods Park and Recreation Centre is the heart of the community, offering a wide range of indoor and outdoor activities for all ages. From swimming and sports to fitness classes…

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Welcome to Rapperswill (Newcastle) in Edmonton, Alberta

Nestled in the northwest part of Edmonton, Alberta, Rapperswill is a charming and rapidly growing community known for its unique blend of history, modern amenities, and family-friendly atmosphere. Whether you’re a new resident or a homebuyer considering making Rapperswill your new home, this blog will provide you with an in-depth look at what makes this community special.

A Brief History of Rapperswill

Rapperswill, also known as Newcastle, is a relatively new development in Edmonton, with its growth primarily taking off in the early 2010s. Despite its modern inception, the community has quickly established itself as a desirable place to live, thanks to its thoughtful planning and…

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June Real Estate Market Report: Edmonton, Alberta

June 2024 witnessed a mix of highs and lows in the Edmonton real estate market. A total of 2,847 residential unit sales were recorded, reflecting an 11.4% drop from May 2024, but interestingly, a 10.0% rise from June 2023. Although new residential listings saw a 14.2% plunge from May 2024, they were nonetheless 2.6% higher than June 2023.

From a type-of-residence perspective, detached units’ sales fell by 12.3% from the previous month but were 4.5% higher year-over-year. Semi-detached units witnessed a 5.9% decline month-over-month, but a year-over-year increase of 7.4%. Similarly, Row/Townhouse unit sales dropped by 6.5% compared to May 2024 but saw a significant year-over-year surge of 37.2%.

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Edmonton House Prices Over the Last 10 Years

The housing market is often a reflection of a city's economic health and demographic trends. Edmonton, known for its vibrant cultural scene and rich history, has seen its real estate market evolve significantly over the past decade. For homebuyers and real estate investors, understanding these trends is crucial for making informed decisions. Let's take a detailed look at how Edmonton house prices have changed over the last ten years, referencing data from the Edmonton Real Estate Board and Statistics Canada.

Overall Trends in Edmonton House Prices

 

 

 

 

 

The Peaks and Troughs

Over the past decade, Edmonton's housing market has experienced both high and low    points. The early…

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How to Choose the Perfect Area in Edmonton

Moving to a new city can be both exciting and overwhelming. Edmonton, Alberta, with its diverse neighbourhoods, is no exception. Whether you're a new resident or a potential homebuyer, finding the right area to call home is crucial. To help you make an informed decision, We've delved into the various districts of Edmonton, exploring each one in detail. and important criteria to consider when choosing where to live in Edmonton.

Key Neighbourhoods to Consider

1. Southwest Edmonton

Southwest Edmonton is known for its family-friendly atmosphere and excellent amenities. This area boasts beautiful parks, top-rated schools, and plenty of shopping centers. Neighbourhoods like Windermere and Terwillegar Towne…

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