Edmonton demand sees prices rise
Edmonton is seeing increased interest and the population growth is pushing prices higher. The Realtors Association of Edmonton has released new figures that show a 14 per cent rise in the total value of the city’s real estate sales with the level of new listings slightly down on last year as is the time taken to complete a sale. The average price of a single-family home in Edmonton increased 4.3 per cent in August compared to the same time last year and now stands at $435,430. A condo will average $262,273 which is up 7.5 per cent year over year. With the ratio of sales to new listings at 67 per cent it is still very much a sellers’ market in the city.