register | confirm account | forgot password
Home-Time Realty
Box 1050, Tofield, Alberta
P: 780-662-4623
F: 780-662-4686

Friday, January 12, 2018 - Expect a level, buyer's market in 2018

Jessee and Kevin attended the 2018 REALTORS® Housing Forecast Seminar Wednesday at the Shaw Conference Centre.  REALTORS® Association of Edmonton Chair Darcy Torhjelm said the strength in the Edmonton market is single family homes between $375,000 and $425,000.  

You can expect the average price of a home to be $437,744 and Condo prices to average $243,390 which will be a slight decrease in pricing from 2017.

John Rose with the City of Edmonton sees a potential 3% growth in the Edmonton economy.  New housing starts have rebounded back to the third quarter 2014 levels.  The rise in the price of Oil isn't having a big an impact here at home because of pipeline constraints -- the pipelines are at capacity.

Brent Weimer from CMHC says the economic and demographic outlook for Edmonton should show a 1.5% to 2% increase in jobs for 2018-2019.  He sees Edmonton as a buyers market.  Prices will remain stable but with increased inventory, the days on market will increase.  

Doug Porter from BMO Bank of Montreal feels the new mortgage rules (Jan 1-18) will likely dampen the market.  His single biggest concern is the outlook for NAFTA and potential changes.  Mortgage interest rates will likely increase 3 times in 2018 -- possibly a 1/4 point increase next week.

posted in General at Fri, 12 Jan 2018 02:39:20 +0000

Photo and business card details widget
Home-Time Realty
Agent Photo
TelephoneOffice Phone:
Email MeEmail:
Recent Blog Entries
Displays summaries of most recent blog items
Recent Blog Entries
Congrats to Home-Time Realty trophy winner - Aug 7, 2018

Congrats to Brian MacKeach of Sturgeon County, winner of the Cars-Stock-Original 1980-2000 ...

Tofield Sodbuster Rodeo!! - May 23, 2018

We're proud to support the Tofield Sodbuster Rodeo....June 1-2-3.   Like and Follow our Facebook ...

Huge corner lot - Well kept home in Tofield - Apr 18, 2018

Well kept 3 bedroom bungalow on huge corner lot (75 ft x 140 ft) in the Town of Tofield, 30 minutes ...

Original Hardwood - 2 Storey in Viking - Apr 18, 2018

Clean, spacious and well maintained, this 4 bedroom 2 bath, 2 storey home has large windows for ...

Close to Town - Room to Roam north of Tofield - Apr 18, 2018

Country living, close to Town and adjacent to Paved Secondary HWY 834. 5 Bedroom 1.5 Storey home ...

Data last Updated: 2020-09-20 at 15:03:32 GMT America/Edmonton
This site's content is the responsibility of HOME-TIME REALTY, licensed brokerage in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2020, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker