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EDMONTON REAL ESTATE NEWS ROUNDUP – July 27, 2012

The price of single family homes in Edmonton has been quite strong. REALTOR® Prez #yeg #yegre

So far this year, the price of single family homes in Edmonton has been quite strong. The average price of a single family home is higher than it was on January first, and higher than it was at this time last year. So, where does it go from here, and how does that impact your decision to buy or sell a home?

 

http://raeinfo.posterous.com/the-price-of-single-family-homes-in-edmonton

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Bank of Canada keeps interest rates on hold, cuts growth forecast

The Bank of Canada kept its overnight rate target at 1 per cent on July 17th, 2012. Borrowing costs have been unchanged at this level since September 2010. The text accompanying the announcement reiterated many of the same points that were in the June 5th…

 

http://creanews.ca/2012/07/17/bank-of-canada-keeps-interest-rates-on-hold-cuts-growth-forecast/

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RE/MAX and Sundance to the Rescue

A recent Global TV Trouble Shooter story in Edmonton (and Calgary) revealed a consumer had been waiting since 2007 for a hot air balloon flight they had purchased from another balloon company in Edmonton. RE/MAX recommended they be offered a flight as VIP’s on our balloon…

 

http://www.remax-western.ca/blog/remax-and-sundance-to-the-rescue/

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Another national commentator misrepresents our local housing market – #yeg #yegre

I am sure that Francis Fong, an economist with TD Bank, is very skilled and a reliable source of information. Fong is reported to have stated that housing construction in Canada remains at an elevated level that is “unsustainable” and that the pace of resale activity has begun to slow…

 

http://raeinfo.posterous.com/another-national-commentator-misrepresents-ou

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Booming Edmonton spurs new wave of shopping developments

“We’re in maybe the best situation we’ve been in ever in terms of vacancy rates in Edmonton,” said Doug Fogg, partner in the retail division at another real estate firm, Cushman & Wakefield. “They’re the lowest we’ve ever seen.” Fogg said developers are 

 

http://www.calgaryherald.com/business/Booming+Edmonton+spurs+wave+shopping+developments/6965786/story.html

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