PAUL JAMIESON
Realty Executives Challenge
201-6650 177 Street NW, Edmonton, Alberta
P: 780-919-5442F: 780-669-7933
Email
Realty Executives Challenge
201-6650 177 Street NW, Edmonton, Alberta
P: 780-919-5442F: 780-669-7933
Office Phone:
Mobile Phone:
Fax:
Email:
Tuesday, July 28, 2009 - Edmonton Market
Real estate
The bloom is definitely off the rose in Alberta’s resale housing market, according to projections by the Canadian Real Estate Association. In 2008, sales dropped off by 21 per cent. They’re expected to fall another 19.1 per cent in 2009. Sales of existing homes will recover in 2010, according to the association, but will remain below 2008 levels.
Resale prices fell in Alberta by just under one per cent. That’s expected to continue with a decline of 8.9 per cent in 2009 and a further drop of 1.1 per cent in 2010.
Edmonton new house price changes from StatsCan:
-12.3% (March 2008-March 2009)
-12.2% (February 2008-February 2009)
-8.2% (December 2007-December 2008)
-7.9% (November 2007-November 2008)
-7.7% (October 2007-October 2008)
-5.8% (September 2007-September 2008)
-5.7% (August 2007 – August 2008)
-5.3% (July 2007 – July 2008)
1.6% (June 2007-June 2008)
3.3% (May 2007-May 2008)
2.5% (April 2007-April 2008)
14.8% (February 2007-Feb. 2008)
-0.9% (January 2008-Feb. 2008)
$312,127 (April 2009 - down 7.2% from April 2008)
$309,032 (March 2009 - down 10% from March 2008)
$310,974 (December 2008 – 5.7% from December 2007)
$324,906 (September 2008 - down 5.6% from Sept. 2007)
$341,376 (June 2008 - down 2.6% from June 2007)
Single-family and multiple unit housing starts from Canada Mortgage and Housing Corp. statistics:
1,912 (January-June 2009, down 54% from 2008)
4,140 (January-June 2008)
Average monthly rent for two-bedroom apartment from CMHC statistics:
$1,059 (April 2009)
$1,035 (October 2008)
$1,000 (April 2008)
$958 (October 2007)
$877 (April 2007)
$808 (October 2006)
Vacancy rate:
4.7% (April 2009)
2.4% (October 2008)
3.4% (April 2008)
1.5% (October 2007)
1.1% (April 2007)
1.2% (October 2006)
posted in News
at Tue, 28 Jul 2009 14:38:36 -0600
Real estate in Canada: house sales and prices, apartment rents and housing starts
Last Updated: Wednesday, June 10, 2009 | 10:27 AM ET
CBC News
The bloom is definitely off the rose in Alberta’s resale housing market, according to projections by the Canadian Real Estate Association. In 2008, sales dropped off by 21 per cent. They’re expected to fall another 19.1 per cent in 2009. Sales of existing homes will recover in 2010, according to the association, but will remain below 2008 levels.
Resale prices fell in Alberta by just under one per cent. That’s expected to continue with a decline of 8.9 per cent in 2009 and a further drop of 1.1 per cent in 2010.
Edmonton new house price changes from StatsCan:
-12.3% (March 2008-March 2009)
-12.2% (February 2008-February 2009)
-8.2% (December 2007-December 2008)
-7.9% (November 2007-November 2008)
-7.7% (October 2007-October 2008)
-5.8% (September 2007-September 2008)
-5.7% (August 2007 – August 2008)
-5.3% (July 2007 – July 2008)
1.6% (June 2007-June 2008)
3.3% (May 2007-May 2008)
2.5% (April 2007-April 2008)
14.8% (February 2007-Feb. 2008)
-0.9% (January 2008-Feb. 2008)
$312,127 (April 2009 - down 7.2% from April 2008)
$309,032 (March 2009 - down 10% from March 2008)
$310,974 (December 2008 – 5.7% from December 2007)
$324,906 (September 2008 - down 5.6% from Sept. 2007)
$341,376 (June 2008 - down 2.6% from June 2007)
Single-family and multiple unit housing starts from Canada Mortgage and Housing Corp. statistics:
1,912 (January-June 2009, down 54% from 2008)
4,140 (January-June 2008)
Average monthly rent for two-bedroom apartment from CMHC statistics:
$1,059 (April 2009)
$1,035 (October 2008)
$1,000 (April 2008)
$958 (October 2007)
$877 (April 2007)
$808 (October 2006)
Vacancy rate:
4.7% (April 2009)
2.4% (October 2008)
3.4% (April 2008)
1.5% (October 2007)
1.1% (April 2007)
1.2% (October 2006)
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