2013 Edmonton housing forecast called “Restrained”

The Realtors Association of Edmonton forecasted “restrained” growth on the resale housing market for 2013 in the Oil City. This comes after continued economic and housing growth in 2012, which is something  expected to continue through this year. An article published in the Edmonton Journal says the REA has projected single-family home prices to increase […]

Where do you stand, future Edmonton first-time home buyer?

An interesting article appeared in the Vancouver Sun early in the month from Peter Simpson that used a survey tabulated by the Canada Mortgage and Housing Corp. The survey asked a myriad of questions concerning potential first-time home buyers found that housing affordability in Vancouver is turning into a problem. But Vancouver might not be […]

Edmonton’s continued growth a double-edged sword for first-time home buyers

There’s no question Edmonton has been one of the strongest markets in North American and it will continue to grow as long as long as there’s oil and manufacturing job available. But as Edmonton’s economy and housing market is expected to continue to grow in 2013, what will this mean for first time home buyers […]

Re/Max weighs in on Edmonton’s market, and it’s good news

Re/Max, an international real estate company, came out with its 2012 report, and said Edmonton’s real estate market was “quite healthy.” It’s a moderating trend, slow and steady so to speak, with a report showing that residential sales should improve over 17,500 in 2013. In 2012, sales are expected to finish around the 17,100 range, […]

Edmonton keeps growing and building

As Edmonton’s population continues to grow, so does start of new builds. New home starts sustained its growth like the Canadian Mortgage and Housing Corporation said it would back in August, beginning work on 1,304 homes in the Edmonton area the CMHC said in a report. That number is up from 820 starts from the […]

Canadian home prices up; Sales drop

Royal LePage, one of Canada’ largest real estate agencies, announced its third quarter report recently and has reviews the Ministry of Finance was probably looking for when they dropped the maximum amortization period for insured mortgages from 30 years to 25 years. Despite the sale prices for a detached Canadian home is up, there’s been […]

CMHC forecasts moderate growth for Edmonton in 2013

Last week, the Canadian Mortgage and Housing Corporation painted a pretty picture of continued growth in Edmonton, which couldn’t be said for the rest of the country. Its report released every quarter, noted housing starts and resales in Edmonton are expected to increase again in 2013, topping the 11,000 unit mark, which they forecast to […]

Buyer’s Market in Edmonton?

They may not be building homes, but houses are being sold. A Tuesday report from Reuters said both housing permits and non-housing permits in British Columbia and Alberta were both down in June. But in July, Dave Cooper from the Edmonton Journal is reporting that housing sales are up while the price of homes is […]