market: Edmonton winning economic battle with Calgary EDMONTON JOURNAL - 12/05/12 06:16 AM

EDMONTON - Edmonton’s economy and housing market have been improving and are outperforming Calgary on several fronts, according to an analysis from the Conference Board of Canada.
These yardsticks include faster economic and house price growth this year, along with more housing starts in four of the past five months. The city’s housing markets should remain buoyant, fuelled by healthy population advances, said Robin Wiebe, senior economist with the board’s Centre for Municipal Studies.
Edmonton’s relatively large public administration sector — twice the size of Calgary’s as a share of total output — helps balance the local economy and has … (7 comments)

market: Investing in Real Estate – What You Should Know - 09/05/12 11:53 AM
The facts about Real Estate Investment, you be the Judge!
ü  Proven Concept – Just compare investing in Real Estate versus other investments and you will see the difference.  Most common investments can maybe give you a 10% return, whereas the price of Real Estate on average has doubled every 10 years, that’s about a 60% annual return on your money.  FACT 95% of all millionaires made their money through Real Estate investment!
ü  Real Estate is a Real Asset – Real Estate can be seen and touched, you have a sense of pride of ownership!  Not just a … (5 comments)

market: Edmonton real estate heats up with weather - 06/06/12 04:55 AM
Median price of detached home reaches highest point in five years By Lewis Kelly, edmontonjournal.comJune 4, 20121. Single family dwelling average selling price for the month: May 2012: $388,762; April 2012 $382,384; May 2011 $378,246; Month-over-month percentage change: 1.7%; Year-over-year percentage change: 2.8%.
Photograph by: Greg Southam
EDMONTON - The median price of a single-detached home in the city reached its highest point in five years in May, numbers from the Realtors Association of Edmonton released Monday show. The figure of $370,000 is up almost four per cent year-over-year.
“While housing prices are higher in Edmonton than last month, they are … (2 comments)

market: Lamphier: Developer envisions The Pearl as jewel of Edmonton condo towers - 11/17/11 04:34 AM

Prices up to $2 million expected in 35-storey downtown building aimed at affluent buyers with taste for city living By Gary Lamphier November 16, 2011
EDMONTON — Is there a market for $2 million condos in a city where the average unit currently sells for about $224,000?
Regency Developments thinks so, and the low-profile, family-run Edmonton firm is putting its money where its mouth is.
Regency’s 35-storey Pearl condo project — on the south side of Jasper Avenue at 120th Street — is expected to be the tallest, most luxurious condo tower in the city by the time it’s completed in … (1 comments)

market: Local housing market figures make homeowners smile - 10/18/11 07:20 AM
Edmonton, October 4, 2011:
The owners of single family homes in Edmonton and area have seen the value of their property increase more than many other investments. While the stock market and dollar have plunged recently and interest on savings accounts is minimal, local homeowners are seeing a five percent increase in the value of their residential property this year. Compared to prices on December 31, 2010, a single family dwelling has increased on average* 5.1% and a condo has increased 4.7%."REALTORS® remain optimistic about the future of the local market," said REALTORS® Association of Edmonton President Chris Mooney. "In January, … (1 comments)

market: First Quarter Housing Sales on Normal Track; Prices Up - 04/13/11 04:23 AM
Edmonton, April 5, 2011: REALTORS® expect the local real estate market to follow a well-worn annual sales track. However, like the stock market, large external forces can skew the market. In 2010, the threat of increased mortgage rates and a change to mortgage qualification rules accelerated sales in the first quarter and caused a sales slump in the following months that took all summer to work through. This year there are no external influences on the market and it is operating normally again.
According to the REALTORS® Association of Edmonton, residential sales in the first quarter are normal for this … (0 comments)