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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Working with a knowledgeable real estate agent can help reduce the stress of moving to a new area. I’m part of a network of trusted professionals located all over North America. If you need a referral for an agent in another area, I’d be happy to connect you to one! 

Thinking about moving? With more Canadians relocating for family, lower costs, and remote work, now’s a great time. Mortgage rates are shifting—let’s make your move happen! Whether selling or finding a trusted agent in your new area, I’m here to help. 🏡

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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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Let's break down the important factors for Sellers, Buyers, and Investors based on the market data from the Greater Edmonton Area (GEA) real estate report.

The Market is Shifting - Is Now the Right Time to Sell? While we saw an 11.8% decrease in residential unit sales from July, the market is still 15.8% higher than last year! Detached homes in Edmonton are still holding strong with a 12.5% year-over-year increase in sales and prices up 10.2% over August 2023. If you’re considering selling, now could be the perfect time to take advantage of the upward trend.

🔑 Key Stats for Sellers:
• Average Detached Home Price: $546,101 (+10.2% YoY)
• Days on Market: 35 days (up slightly but still competitive!)
• Inventory is down, meaning less competition for your home!

With new listings on the rise (+7.7% YoY), there are more options for buyers in the Edmonton market, despite a slight monthly dip. Semi-detached and apartment condo sales are up, offering diverse opportunities for first-time homebuyers or those looking to upsize.

📈 Key Stats for Buyers:
• Semi-Detached Home Prices: $414,526 (+10.9% YoY)
• Apartment Condos: $203,742 (+5.1% YoY)
• More homes available with inventory up from last year!

Now could be the perfect time to find your dream home before the market heats up again.

Despite a cooling market from July, we are seeing significant year-over-year growth in property prices, with row/townhouse prices up 14.7% and detached homes up 10.2%. If you're looking to expand your portfolio, now is the time to capitalize on rising prices and growing demand.

📊 Investment Highlights:
• Row/Townhouse Prices: $290,569 (+14.7% YoY)
• Detached Homes: $546,101 (+10.2% YoY)
• Apartment Condos: $203,742 (+5.1% YoY)
• Consistent demand, with unit sales still up 15.8% from last year.

Let’s explore your options in this thriving market!

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