As Canadians navigate an evolving economic climate—marked by inflation, interest rate uncertainty, and ongoing trade tensions—many are wondering how these forces will impact the Edmonton housing market.

One key factor now entering the conversation is tariffs. Tariffs on imported goods, particularly construction materials, are driving up costs for homebuilders. This means that the price of new builds is likely to increase, which can have a ripple effect on the entire housing market.

For homeowners, these changes could influence mortgage renewal rates as inflationary pressures might push the Bank of Canada to adjust its key rate. For buyers, acting sooner rather than later might be a wise decision, especially with pre-construction opportunities that allow you to lock in today's prices.

Real estate continues to be a reliable investment—even in uncertain times. Demand for housing in Edmonton and Sherwood Park remains strong, and owning property remains one of the most effective ways to build long-term wealth.

👉 Thinking about buying, selling, or renewing your mortgage? Watch my latest video where I break it all down—and reach out with your questions.

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The real estate market is buzzing, and if you’ve been thinking about selling your home, now is the perfect time! 📈 Home prices have increased 10.5% year over year, and detached homes are selling 2.5 weeks faster than just last month. With the MLS Home Price Index up 12.3%, sellers are seeing record-high returns.

Why Is the Spring Market So Hot?

• High Demand, Low Inventory: Buyers are eager to purchase, and available homes are selling fast.

• Prices Are Climbing: The longer you wait, the more competition you'll face from new listings.

• Interest Rates Matter: Many buyers are locking in mortgages before further rate changes.

What Does This Mean for You?
If you're a homeowner looking to sell, this could be your best chance to maximize your return before inventory increases. Listing now means standing out in the market, attracting more buyers, and potentially selling for top dollar.

Thinking of selling? Let's chat! I’ll provide a free home evaluation and expert strategy to get your home sold quickly and profitably. Don’t wait—spring is the season to make your move!

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The Bank of Canada has reduced its policy rate by 25 basis points to 2.75%, signaling a shift in the real estate landscape. With inflation hovering near the 2% target and economic growth outpacing expectations at 2.6% in Q4 2024, past rate cuts have already boosted consumer spending and housing activity. However, rising trade tensions and new tariffs from the U.S. could slow future growth, impacting both buyer sentiment and business investment. The labour market remains stable, but signs of slowing job creation suggest that economic momentum may wane in the coming months.

For sellers, this rate cut presents an opportunity to capitalize on motivated buyers who are eager to secure financing before further economic uncertainty affects market confidence. With inflation expected to rise to 2.5% by March, waiting too long could mean missing out on today’s demand and favorable conditions.

For buyers and investors, this shift means lower borrowing costs but also potential price adjustments as the market reacts to economic shifts. Strategic decision-making is key.

🏡 Thinking about listing your home? Now is the time to maximize your sale price while demand remains strong! Let’s discuss how today’s announcement impacts your selling strategy. Call me today!

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There were 1,825 residential unit sales in the Greater Edmonton Area (GEA) real estate market during February 2025, a 14.3% monthly increase from January 2025 and a 7.1% decrease from February 2024. New residential listings amounted to 2,723, up 13.2% from January 2025 and down 0.4% from the previous year. Overall inventory in the GEA increased 11.4% month-over-month, though levels remain lower year-over-year, decreasing 13.4% from February 2024.

The total number of Detached units sold was 1,015, an increase of 18.6% over the previous month and 12.3% lower than the previous year. Semi-detached sales increased 7.5% month-over-month and 11.4% higher year-over-year, moving 215 units last month. Row/Townhouse unit sales increased 23.4% compared to January 2025 and recorded 3.9% more sales than February 2024. Apartment Condominium unit sales were down 9.2% from the previous year and 0.3% from the previous month.

Total residential average prices came in at $449,554, increasing 2.6% from the previous month and reflecting an overall growth of 10.5% compared to February 2024. Detached home prices averaged $567,913, an increase of 1.2% from January 2025 and 11.9% higher than the previous year. Semi-detached units sold for an average of $420,786, a decrease of 0.1% from the last month and showing an increase of 8.9% year-over-year. Row/townhouse prices were down 3.5% from January 2025 but measured 9.1% higher than last year, with an average selling price of $300,818. Apartment Condominium average prices rose 7.3% from January 2025 to $217,373 and ended the month 19.9% higher than the previous year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA was $428,800, increasing 2.3% from January 2025 and up 12.3% from February 2024.

Detached homes averaged 39 days on the market, a significant 12-day decrease from January 2025. Semi-detached homes decreased by 11 days, with properties averaging 26 days on the market. Row/townhouses decreased nine days to 28, while Apartment Condominiums averaged 48 days on market, reflecting a nine-day decrease as well. Overall, all residential listings averaged 37 days on the market, equating to an 11-day month-over-month decrease and a 13-day decrease compared to February 2024.

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