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🏦 Attention Mortgage Holders!

With the Bank of Canada cutting rates by 50 basis points, what’s next for your mortgage payments? Could this mean a lower monthly payment for you? Contact me and let’s explore your refinancing options.

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Greater Edmonton Real Estate Market Update – September 2024

Whether you're a Seller, Buyer, or Investor, here's what you need to know!

With average prices up 1.2% month-over-month and 11.7% higher compared to last year, now is a great time to capitalize on the demand for properties. Detached homes are selling for an average of $552,684, up 11.9% year-over-year! Plus, inventory is lower, creating competition among buyers.

Despite higher prices, there are more opportunities to find your dream home with 3,215 new listings hitting the market. While detached home sales dipped slightly this month, they are still 8.2% higher than last year, so act fast as homes are selling in about 37 days on average.

Row/Townhouse unit sales are up a significant 25.9% from last year, and prices have risen 9.6%! The market for condos is showing resilience with a 2.2% increase year-over-year, making it a great time to explore investment opportunities in multi-unit residential properties.

Even with interest rate cuts, we’re seeing a typical fall market slowdown, but strong year-over-year growth continues. Now’s the time to evaluate your real estate goals and make informed decisions!

Contact me to discuss how you can take advantage of these predictable patterns!

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Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.