EDMONTON REAL ESTATE 2021 YEAR END RESULTS – JFSELLS.COM

Check out the latest results and 3 year summary of activity for the Greater Edmonton Area – December is up sharply for Single Family Detached in 2022, many feel lower inventory is driving this value increase even in the light of COVID & rising mtg rates! See full details in links enclosed:

DEC_2021_CREA_EDMO_Stats
PORTRAIT_MonthlyStatsBoard_DEC_2021
 2021-12_Edmonton_Statistics



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So what's going on in 2022? 

I don't know!

We know that the Canadian real estate market has pushed through the pandemic like our city's snowploughs coming down Whoop Up Drive in tandem after one our southern Alberta blizzards. There's plenty of speculation as to why so many people were buying homes--from 'they had lots of money saved up from not being able to travel' to 'many were working from home and homeschooling and realized they needed more space'.  

According to canadianmortgagetrends.com house prices are expected to rise in 2022 but not as severely as they did in 2021. Tight supply of homes is one good reason for that as there's not as many homeowners who want to sell as there are people who'd like to buy. Bank rates are eventually…

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