Municipalities surrounding Edmonton have growth spurt

Edmonton, June 3, 2014: Members of the REALTORS® Association of Edmonton list and sell homes on the local Multiple Listing Service® (MLS®) from dozens of towns and counties in the local area. REALTORS® are active in every community from Wetaskiwin to Westlock and from Wabamun to Cold Lake. This month we report on average prices in some of the larger centres as well as Edmonton; but first the Census Metropolitan Area (CMA) numbers. 

In May, the average price of a single-family detached (SFD) property in the CMA was up 2.2% to $438,279. The all-residential average price was $371,871; up 1.6% from April. Throughout the CMA, the average price for a condominium dipped 0.13% from April to $251,688.

There were 2,137 adjusted all-residential sales (1,979 reported) in May 2014 compared to 1,998 sales in April. There were 3,388 residential properties listed in May compared to 2,978 last month. The overall sales-to-listing...

Edmonton Real Estate - Alberta – Vibrant, under control, and affordable: what’s not to like?

Alberta’s housing markets continued to be among the stronger ones in Canada,

supported by a booming economy, rapidly rising population, and attractive

affordability. First-quarter home resales were 9.0% above the 10-year

average, which contributed to keeping demand-supply conditions fairly tight

in the province’s largest markets. Activity stabilized in the past two quarters,

however, thereby indicating that trends remain under control with few signs

of overheating. While generally up solidly from a year ago, home prices

were tame in the first quarter. With no added pressure coming from prices,

housing affordability remained predominantly flat in the first quarter. RBC’s

measures rose only slightly by 0.1 percentage points to 32.6% for detached

bungalows and 0.4 percentage points to 20.2% for condominium apartments,

while the measure for two-storey homes was unchanged...