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Canada-U.S. house price gap widens

Please keep in mind while reading the following article that the Canadian average price is bieng bolstered by historicly high prices in Vancouver and Toronto. As of August 30 2011 the average Edmonton home ( detached, condominium and duplex / townhouse)

September newsletter and Stats.

Market activity for the month of August 2011 July Change from June 2011 to July 2011 August Change from July 2011 to August 2011 New Listings 3,038 -222 -6.8% 1,897 -1,141 -37.5% Active listings 8,421 -11 -0.1% 8,343 -78 -0.9% Sales 1,441 -327 -18% 1,507

Re/Max bricks and motar report State of the market

Below is an excerpt from the Re/Max 2009 bricks and mortar report on the state of the market.For the full report click here . I think that it sheds light on, and summarizes, the market behavior of late. Economic stability, rock-bottom interest rates and

Finnancial crisiss in Canada

Why are we as Canadians weathering this financial storm so much better than the rest of the world? I realize that this article from Newsweek by Fareed Zakaria is from February 7th, however provides some good insight into why we as Canadians are not seeing

So where is the market going? Is this a typical year ?

Firstly the economic crisis that has gripped the globe has undoubtedly had an effect on Edmonton, a city that is largely dependent on the oil sector. Layoffs due to expansion projects put on hold by the large oil companies primarily in the oil sands,

Foreclosures an urban myth

This is an article taken from the Alberta Realtor association (AREA) Update of March 10 2009. For Canadians, it’s mind-boggling to hear about the prices foreclosures are going for in the United States. Fifty thousand dollars for a 5-bedroom, 3-bathroom,