Category: Uncategorized
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New reports show cost of renting down in Calgary but up in Edmonton
Calgary renters are experiencing a slight decline in rental rates, with one-bedroom units averaging $1,692 in October 2024, down 0.9% from September and 2.2% from the previous year. Two-bedroom rentals also decreased to an average of $2,074. This decline is attributed to a surge in rental unit availability, with nearly 7,000 new units on the…
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Home Inspection Checklist Every Buyer Needs!
Roof Inspection – Look for signs of damage or aging – Conduct up-close assessments, not just visual checks – Ensure no unforeseen expenses post-purchase – Verify roof and structural warranties Foundation and Structure – Look for cracks, settling, or moisture infiltration – Assess structural integrity – Identify deferred maintenance issues early
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City of Edmonton recommends 8.1% tax hike for 2025
The City of Edmonton is proposing an 8.1% tax increase for 2025 to address a projected $34 million deficit, exacerbated by inflation and population growth. The increase aims to replenish the financial stabilization reserve and fund the 2025 election. City staff are also seeking $8.5 million in ongoing savings through cuts to phone contracts and…
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Edmonton leads in housing metrics
Edmonton Region is experiencing rapid population growth, surpassing 2023 levels in 2024, while maintaining housing affordability. Compared to cities like Calgary, housing prices in Edmonton remain competitive, with the region leading in new housing starts. Rental units are also among the most affordable in Canada. Construction costs are favorable, supporting a diverse housing supply, including…
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Alberta Raises Land Transfer and Mortgage Fees
Alberta government raised land transfer and mortgage registration fees effective October 20. Land transfer fees increased from $2 to $5/$5K property value.
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Central Alberta Home Prices Hit Yearly High
Central Alberta's average home price reached $418,830 in September, a notable increase from previous months. Sales units decreased to 468 in September, down from 516 in August, but up from 453 last year.
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Average central Alberta home price up, but Red Deer sees decrease
In Red Deer, the average sale price in September was $357,570, down from $384,758 in August and below the yearly high of $400,990 in May. A total of 139 units were sold last month, a decrease from 198 in August. The average days to sell a home was 36. In Q3 2024, the median price…
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Alberta: The Most Well-Priced Canadian Province
Alberta is the most affordable Canadian province for homebuyers from 2006 to 2024. House prices in Alberta increased by only ↑ 19% during this period, including inflation adjustments.
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Will Housing Market Ease for First-Time Buyers in H2?
High rates and affordability challenges persist, but recent data shows potential better times ahead for first-time buyers.25% of Canadians are saving to buy a home, with 35% being younger millennials and Gen Z.
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Blatchford Development Boosts Edmonton Housing
The Blatchford development is accelerating construction, enhancing housing availability in Edmonton. Edmonton's housing market shows a seasonal slowdown, yet remains stronger than last year.