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Scott H. & Rita W.
When I was ready and decided it was time to sell my home and upgrade to a new one, I immediately thought of and called upon Mike.  He is a real estate agent who really knows how to assist clients, and identify their needs in buying and selling a home.  He continually strives to stay informed of real estate and market changes. He fully understand the tools of the industry to buy and sell a...
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Ruth & Larry K.
We were very pleased with Mike's efforts with the sale of our house. Our house was sold within three months in a slow market by his hard work. Since we have all been members of the Military, it seemed like he was part of our family and wanted the best for us. We're very glad we had him representing our interests and would sincerely recommend him to others. I hope he will still...
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The Edmonton Real Estate Blog, Market Information, Advise & Opinion

 

RE/MAX Edmonton Housing Market Outlook 2016


Here is the summary of Edmonton's market according to RE/MAX stats and it looks pretty good for our area.

 

RE/MAX 2016 Housing Market Outlook image

 

National Summary RE/MAX Housing Market Outlook image

 

Edmonton RE/MAX Housing Market Outlook 2016 page 1 image

Edmonton RE/MAX Housing Market Outlook 2016 page 2 image

 

If you are interested in the report for all of Canada, please download it from here

If you have further questions about our Edmonton market or plan on moving to another city, please contact me & I can find you an awesome REALTOR®  who will work hard for you.

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Edmonton Housing Starts Peaking in 2012

Here is something I received from the REALTORS® Association of Edmonton. A very interesting report stating Edmonton is doing great according to CMHC

 

Edmonton Housing Starts Fall 2012

Housing starts are on the rise and not expected to level out until 2013 according to the Canada Mortgage and Housing Corporation(CMHC). Their Fall 2012 Edmonton Housing Outlook forecasts an increase of housing starts in the Edmonton Census Metropolitan Area to 12,000 units in 2012. That is up 28 percent from the 9,332 starts in 2011.

The CMHC cites low mortgage rates (around 3% or so), job growth, and increased migrations as the reasons behind the growth. At the same time, the lower supply in the resale market and declining rental vacancies have increased the demand of new builds.

2012 single detached starts are expected to be 12 percent higher than in 2011 with a dip of two percent in 2013. Multiple family starts are expected to end up a whopping 48 percent higher in 2012 with over 6,400 starts compared to the 4,315 in 2011. The CMHC predict multiple family starts will drop 17 percent in 2013. (please note, those are starts, not increase of prices)

Although new home starts (by the way, I can also show you new built homes) are predicted to cool off, modest increases in home sales and pricing are still expected through 2013. The slight increase in mortgage rates coupled with employment growth predicted for 2013 means the market should remain fertile. To the end of August, average employment in Edmonton increased 3.2 per cent, representing the addition of over 20,000 jobs.

 

I also have the Fall 2012 edition of CMHC's Housing Market Outlook - Edmonton is now available and can be accessed by clicking this link.

 

Do you also agree with CMHC that Edmonton's housing is doing much better then most of the country?

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