What can we expect to see happening with Edmonton real estate in 2021? That depends who you ask.
While we wait for the annual expert reviews and predictions (usually in early February; watch for our coverage), we’ve mostly been hearing from economists and the realty firms that the 2021 activity and pricing across the country should be similar to 2020 or “up” slightly. That means a price increase of somewhere between 4% and 6% nationally according to some. Here in Edmonton, it should translate to about 2%, putting the YEG average price somewhere in the high-300’s.
Factors currently shaping the real estate market here include COVID-19, low interest rates, oversupply of apartment-style condos (downward pull-on overall pricing) and continued strong demand for single family homes with more space for offices and gyms, large, fenced yards for dogs, kids and food gardens.
Thinking of listing? Right now, could be a great time to do so! Looking for a new place with more space (for the swanky home office and gym)? I know where you can find it.
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