Canada's 'least exciting' homes market continues steady growth
Edmonton’s real estate may be cooling from its peak in the spring, but it will remain one of the strongest markets until the end of 2022, a new report forecasts.
Edmonton Real Estate: Affordability Pushes Condo Sales Up 22%
The affordability factor continues to drive condominium buying activity in the Edmonton real estate market, with year-to-date sales (January-August 2022) up almost 23 per cent over 2021 levels, according to RE/MAX Canada’s 2022 Canadian Condominium Report. Nearly 5,000 condominium apartments and townhomes changed hands in the eight-month period, up from just over 4,000 during the same time in 2021 as buyers adjust their expectations due to higher mortgage rates. Despite the increase in sales, values in the city remain relatively flat, sitting at just over $234,000.
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7 Paint Colours Set to Be Big in 2023
Unlike with last year’s near consensus on shades of green as the Color of the Year, the major paint companies’ 2023 selections are more of a mix. But these colors all seem to fall into one of three categories: soft neutrals, warm pink shades and rich, deep blue-greens. Let’s take a look at the paint colors you can expect to see more of in the coming year.
Life Changes
As you look back at the past few years, you'll discover that despite the challenges we faced, life continued to move forward. Kids got older. People took on new hobbies. Careers changed.
As a result, a house may no longer be as ideal for its owners as it was when they originally purchased it. That can be true even if the owners have only been living there for a short while.
If you ever find yourself in a home that no longer fits your needs, there are a couple of things you can do.
You can renovate or otherwise upgrade your property so that it’s more aligned with your requirements. Or, you can find a new, “more perfect” home.
No matter which option you choose, please give me a call. As your real estate agent, I can help.
For example, if you need to renovate, I may be able to recommend a good contractor. And, of course, if you need to find a new home, I can help you make that happen too.
Just know that I’m here to help ensure your home continues to be the ideal place for you.
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Featured Listing
Great value found in this large home with a fully finished basement (4 BEDROOMS / 4 BATHS). Over 2,100 sq ft of finished living space! Features BRAND NEW FLOORING - vinyl plank & upper floor carpeting, 9' Ceilings, and upgraded sound proofing & insulation. Spacious kitchen with Pantry & Granite Countertops.
Central location with WEST facing BACKYARD with oversized Deck & Porch.
October Housing Statistics: "Residential Listings See Large Decrease for October"
- Single-family home unit sales were down 22.59% from October 2021 & averaged $462,858, a 2.7% year-over-year increase.
- Condo unit sales saw a decrease of 14.7% from October 2021 & sold for an average of $224,252, seeing a small decrease of 0.3% year-over-year.
- Duplex/rowhouse unit sales were down 27% year-over-year with prices increasing 3.7% from October 2021, selling at $372,027
Sarah Leib
t. 780-913-8322
e. sarahl@remax.net
www.sarahleib.com
Brokerage: Re/Max River City
BUY - SELL - INVEST with PURPOSE
TOP 5% MEMBER REALTORS® Association of Edmonton 2017 - Present
*Based on qualifying volume and/or units
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