RE/MAX Housing Outlook 2012 - Edmonton

Edmonton remains one of the most affordable large markets in Canada. While both sales and average price are expected to remain stable—on par with 2011 levels—the market is forecast to return to more balanced conditions. A projected increase in pent-up demand, prompted by the threat of higher interest rates, is expected to induce home buying activity in the latter half of the year. First-time buyers will once again lead the charge, while move-up purchasers slowly enter the market for mid-priced properties. Condominium values should stabilize, providing younger buyers with an opportunity to gain a foothold. Investors should continue to be a force, with condominium townhomes their investment of choice.

(Source: RE/MAX Western Canada - Dec 2011)

Did you know? Employment Rose in Alberta

Employment in Alberta rose by 7,500 and the unemployment rate slid from 5.4% in September to 5.1% in October. (Source: Alberta Government November 10, 2011) Employment is one of the factors that influences house sales.
 

Housing Affordability Remains Attractive in Alberta

The RBC Report on Housing Trends and Affordability dated August 2011 suggests that housing affordability remains attractive in Alberta. RBC reported that in the second quarter the affordability measures were the lowest of all the provinces. They stated that "Homebuyer demand has been stuck in low gear up to this point with existing home sales, new home construction, and home prices continuing to exhibit flat month-to-month trends." The RBC Housing Trends and Affordability August 2011 Report expects, "that robust economic growth and rising employment will shore up confidence in Alberta's housing market, thereby leading to stronger resale activity in the period ahead."  

Tuesday, February 21, 2012 - New Listing - E3289700

Just added this listing: "Look at this beautiful bi-level with double attached garage in cul-de-sac. The main floor includes: living room with gas fireplace and newer tiger wood premium laminate flooring; large kitchen with stainless steel appliances and newer laminate tile floor; 3 bedrooms on main level (with 2 more down) including master suite with en-suite & walk-in closet and main bathroom with jetted tub. The kitchen includes newer stainless steel appliances with double oven stove, built- ... Full Article...

  

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posted in Listings at Tue, 21 Feb 2012 05:00:00 -0700

Thursday, February 9, 2012 - New Listing - E3288544

Just added this listing: "Dreaming of a new home! Consider this fabulous home in Duggan close to schools, parking & shopping. A larger bungalow with 3 plus 2 bedrooms, large living area with dining room, eat-in kitchen, main floor laundry, master bedroom with 3 pc bathroom, two fireplaces (one on main & one on lower level) & a fabulous lower developed level. You'll appreciate the care that has been taken in this home keeping the cabinets, etc in pristine condition. Also, you'll be impressed wit ... Full Article...

  

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posted in Listings at Thu, 09 Feb 2012 05:00:00 -0700

Wednesday, February 1, 2012 - New Listing - E3287564

Just added this listing: "Beat the spring rush! Build your dream close to Beaumont in Clearwater Creek Estates. Clearwater Creek Estates has several nice homes in the development. This lot has 2.67 acres. Great location, minutes to Beaumont, Leduc, Nisku, International Airport and Edmonton."

  

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posted in Listings at Wed, 01 Feb 2012 05:00:00 -0700

Monday, January 30, 2012 - Just Sold - E3280987

Just sold this listing: "Dreaming of your own home? Look at this beautiful bungalow with 3 +1 bedrooms and double attached garage backing onto green space. Main living area includes living room (with gas fireplace & bay window) & dining room with new hardwood flooring, large kitchen with lots of extras including pantry, desk area, eating nook with bay window and patio door leading to deck overlooking back yard and green space. Main floor includes main bathroom, laundry room and 3 bedrooms inclu ... Full Article...

posted in Listings at Mon, 30 Jan 2012 05:00:00 -0700

Tuesday, January 3, 2012 - New Listing - E3284758

Just added this listing: "OWN YOUR HOME with this affordable and ready to move into home. This 3 bedroom townhouse offers lots of space and has been recently upgraded with newer laminate flooring on the main floor and carpet upstairs. Main floor includes kitchen with appliances including a built-in dishwasher, 2 piece bathroom, dining area & living area with patio doors leading to patio overlooking green area. Upstairs includes 3 bedrooms with main bathroom. Downstairs has more room for you and ... Full Article...

  

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posted in Listings at Tue, 03 Jan 2012 05:00:00 -0700

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