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Friday, January 22, 2010 - Edmonton Housing Market Outlook 2010

Richard Goatcher is the Senior Market Analyst at Canada Mortgage and Housing Corporation (CMHC), who spoke at the Housing Forecast Seminar this January about Edmonton Housing Market Outlook. His thoughts are concluded below: Richard Goatcher stated that full-time job creation is needed to sustain demand for housing. In 2009, there was a negative employment growth ? Richard (CMHC) is predicting employment growth will return in 2010. In 2009, unemployment numbers were the highest since 1997. ... Full Article...
posted in General at Fri, 22 Jan 2010 14:31:07 -0700

Thursday, January 21, 2010 - Market Summary

Larry Westergard, President of REALTORS Association of Edmonton, spoke at the 2010 Housing Forecast Seminar. I've concluded some of his topics / stats / thoughts below.MLS System Market ForecastLarry Westergard, President (2010)REALTORS Association of Edmonton2009 was a recovery year. Prices and sales peaked in May 2007 and slipped back slightly in 2008. We are starting to rebalance. The global recession was upon us, but we are better off in Alberta than in other parts of Canada and the ...
posted in General at Thu, 21 Jan 2010 13:17:31 -0700

Monday, January 18, 2010 - Hot Design Trends for 2010

Guy St. Germain, Edmonton Region President of Canadian Home Builders Association, spoke at the 2010 Housing Forecast Seminar and gave us an insiders look at HOT DESIGN TRENDS FOR 2010! Guy?s message about the housing market in Edmonton was simply this, ?Cautious Optimism ? It?s a slow road to recovery.? He touched on how the job market remains weak and how Edmonton has flat job growth. Personal income growth has stalled and debt to disposable income ratio has risen to 145%. He did, however, ... Full Article...
posted in General at Mon, 18 Jan 2010 12:49:18 -0700

Wednesday, January 6, 2010 - Update from Edmonton Real Estate Board

December Results Create Positive Year-end Residential sales through the Edmonton Multiple Listing Service® were at the second highest level ever for December (after a record number of sales in 2006 of 1,074). Sales of single family homes, condominiums, duplexes and other residential property totalled 948 units for the month. Total sales of all types of real estate for December was 1,066, also a second place finish for monthly sales.The price of residential property remained stable in December ... Full Article...
posted in General at Wed, 06 Jan 2010 15:10:53 -0700

Tuesday, January 5, 2010 - Edmonton Property Taxes Increase

Edmonton property taxes increase 5% overall. The typical Edmonton house assessed at $361,500 can expect to see a tax increase of about $70 for 2010. Homeowners will also notice an annual increase of about $68 in fees for sewer and garbage service. FIND OUT MORE...
posted in General at Tue, 05 Jan 2010 16:26:41 -0700

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