Edmonton’s strong housing sales could create inventory woes

Edmonton's housing market is experiencing strong sales but facing inventory challenges, leading to rising prices. In September, residential sales dropped 12.6% from August but were still 10% higher than the previous year. The average price for homes increased to $440,366, up 1.2% from August and 11.7% from last year. Migration is driving demand, while inventory levels have decreased significantly. The city is working to boost housing supply through reduced regulations and increased construction activity to maintain affordability amidst these pressures.