POSTS BY DATE: MAY 2010
Posted on Jun 3rd, 2010 by Shawna
Realtors face relaxed housing market with stable pricing.
Edmonton, June 2, 2010: The housing market was relaxed in May with slightly lower sales than last year and prices generally stable. Despite the sales drop, the current sales figures compare favourably with levels set in 2008.
"Financial incentives, changes to mortgage qualifying rules and the threat of increasing mortgage rates caused the local market to peak a little earlier this year," said Larr... read more...
Posted on Jun 3rd, 2010 by Shawna | 1 Comment
April is the start of the busy second quarter for real estate, and resale housing sales were down over the same month last year according to a report issued by the REALTORS® Association of Edmonton.
Mortgage changes do not dramatically effect housing prices.
Average* prices of single family houses moved down compared to a month ago but were up by 8.2% from last year. Condominium average prices moved up from last month and were up 7.0% from April 2009.... read more...