Edmonton Real Estate- January 2022

Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for December 2021 increased 19.5% compared to December 2020 and decreased 27.6% from November 2021.

New residential listings increased 10.2% year-over-year from December 2020. However, new residential listings are down month-over-month, decreasing 33.8% from November 2021. Overall inventory in the GEA was down 14.1% from December of last year and decreased 22.6% from November 2021.

For December, single-family home unit sales are up 16.5% from December 2020 and down 29% from November 2021 at 790. Condo unit sales increased 25.6% from December 2020 and decreased 22.9% from November 2021. Duplex/rowhouse unit sales were up 16.8% year-over-year and down 34.3%…

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Richard Glover - MaxWell Polaris
Navi Lobana - MaxWell Polaris
Aditya Batra - MaxWell Polaris
Jun Ping (Fred) Xiang - MaxWell Polaris (WELCOME BACK)
Akhshat Sareen - MaxWell Polaris
Amar Joshi - MaxWell Elite Realty
 Jen Modry - MaxWell Challenge Realty
Levi Hooft - MaxWell Polaris
Jasman Bains - MaxWell Polaris
Omer Khan - MaxWell Challenge Realty
Adam Langenhoff - MaxWell Canyon Creek
Alex Pinnick - MaxWell Polaris
Danielle McGale - MaxWell Devonshire (Sherwood Park)
Esther Omale - MaxWell Grande Realty (WELCOME BACK)
 Amit Patel - MaxWell Polaris
Gurtej Sambi- MaxWell Polaris
Mouhamad Tarbine - MaxWell Progressive
Mark Dumesnil - MaxWell Challenge Realty

 

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Aditya Batra - MaxWell Polaris
Navi Lobana - MaxWell Polaris
Helen Berry - MaxWell Challenge Realty
Merianne Aldaca - MaxWell Challenge Realty
Owen Herklotz - MaxWell Challenge Realty
Emily Svanda - MaxWell Devonshire Realty (Sherwood Park)
Robert Savage - MaxWell Devonshire Realty
Richard Glover - MaxWell Polaris
Akhshat Sareen - MaxWell Polaris

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Calgary housing market expected to remain strong in 2022 after record-breaking 2021

 


City of Calgary, Jan. 25, 2022 – Housing market activity in 2022 is expected to moderate relative to record levels of activity in 2021, while remaining stronger than historical levels.

“Despite challenges with COVID-19, we are starting to see a turnaround in our job and migration numbers, and while interest rates are expected to rise, they remain relatively low. All these factors are expected to support strong housing demand into 2022,” said CREB® Chief Economist Ann-Marie Lurie.

“The biggest question will be whether supply can meet that demand. It will take time for housing to move out of…

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Predicting The Big Economic Stories of 2022 (part 2)

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Todd Hirsch, ATB Economics | January 21, 2022

   

Predicting the big economic stories of 2022 (part 2)

Yesterday’s Owl looked at three of the top five economic stories to watch in 2022, as highlighted in a special episode of ATB’s The Future Of podcast. Frances Donald, Global Chief Economist and Strategist at Manulife Investment Management joined me on the podcast and helped craft the list of stories.

Today, we round out the top five list with the two remaining economic stories to watch.

#4. Central banks taking action

With price pressures rising throughout the…

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Predicting The Big Economic Stories of 2022 (part 1)

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Todd Hirsch, ATB Economics | January 20, 2022

   

Predicting the big economic stories of 2022 (part 1)

One of the typical tasks of an economist is to predict what’s coming next. I recently had the chance to take on this task with Frances Donald of Manulife Investment Management in the latest episode of ATB Financial’s The Future Of podcast.

Frances and I came up with what we think will be five of the top economic stories to watch in 2022. Today’s Owl highlights the first three stories; tomorrow’s Owl will cover the other two.

#1:…

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City of Calgary, Jan. 4, 2022 – Thanks to exceptionally high sales in December, 2021 was a record year for home sales. Calgary sales reached 27,686 units this year, nearly 72 per cent higher than last year and over 44 per cent higher than the 10-year average.

“Concerns over inflation and rising lending rates likely created more urgency with buyers over the past few months. However, as is the case in many other cities, the supply has not kept pace with the demand, causing strong price growth,” said CREB® Chief Economist Ann-Marie Lurie.

As of December, the unadjusted benchmark price rose by nearly one per cent over last month and was sitting over 10 per cent higher than last year’s figures. Overall, the 2021 benchmark price rose by more than…

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