Edmonton Housing Market

Here's the Edmonton housing market in December 2016. Single family homes have seen an increase in price but take on a huge dive in sales volume. 

Average sale prices for single family homes are up 1.76% compared to November 2015. However, numbers from the REALTORS® Association of Edmonton suggests a decrease in sales volume at 11.41% compared to this time last year. The decrease in jobs, Edmontons economy and the increase of those moving out of province can account for these numbers. Many changes made from the Bank of Canada this year has challenged first time home buyers and homeowners looking to upgrade. ​

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