Category: Uncategorized
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Edmonton Luxury Real Estate: A Comparative Advantage
Edmonton's luxury market offers great value, with buyers' dollars stretching further compared to other cities.Resale homes offer significant value, especially compared to new homes, due to lower pricing competition.
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Demand Soars in Edmonton’s Competitive Housing Market
Edmonton is a seller's market, with strong housing demand and competitive conditions as of November 2024. Home prices in Edmonton remain elevated due to ongoing competition for limited housing inventory.
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Edmonton to Welcome 138 New Homes
The Canadian government is funding $9.2M to build 138 affordable homes in Edmonton. Projects include accessible housing for low-income families and individuals with disabilities, enhancing community spaces.
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Edmonton Leads Canada’s Rent Growth Trend
Rent for one-bedroom properties decreased by 2.1% in Early-Q4 to $1,400 but grew 16.7% annually. Edmonton ranks among cities with the fastest-growing annual rent for one-bedroom properties in Canada.
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Only two Canadian cities saw higher rent increases than Edmonton last month
Rent prices in Canada’s larger cities are declining, while smaller markets like Edmonton are seeing increases. A report from Zumper indicates that one-bedroom rents in Edmonton fell by 2.1% to $1,400, but rose 16.7% year-over-year. Saskatoon now has the fastest-growing rents, with a 16.8% annual increase. Two-bedroom rents in Edmonton decreased by 1.8% to $1,660,…
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Edmonton Faces 8.1% Property Tax Hike
Edmonton's property tax may rise by 8.1% in 2025, part of an ongoing budget adjustment.
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Edmonton Outpaces Canada in Housing Starts
Edmonton’s population growth continues to accelerate, surpassing 2023 levels, fuelling housing demand in 2024. Despite rising prices, Edmonton’s housing remains more affordable than many Canadian cities, including Calgary.
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Will the Rate Cut Ignite Edmonton’s Housing Market?
The Bank of Canada’s rate cut is expected to boost Edmonton’s housing market gradually. Edmonton’s affordability and stable demand position it as one of Canada’s promising Real Estate markets.
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Edmonton’s real estate market is red-hot with a 38% spike in sales
Lower interest rates are boosting Edmonton’s real estate market, with October sales rising significantly compared to last year. The Greater Edmonton Area reported 2,439 residential sales, a 10.5% increase from September and a 38.5% rise from October 2023. Apartment sales surged by 43.6%, while semi-detached and row/townhouse sales increased by 38.6% and 38.0%, respectively. The…
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Edmonton Proposes 8.1% Tax Hike for 2025
Edmonton recommends an 8.1% tax increase for 2025 to address a $34M deficit. Inflation and population growth make delivering services more expensive, driving the proposed tax hike.