Dave Dry Edmonton Real Estate

The banks have started to roll back interest rates. RBC has raised its five year rate to 3.39% from 2.99% early, this promotional rate was initially intended to end  February 29. BMO has also increased its rates on 5 year closed mortgages from 2.99% to 3.45%.  Other banks and lenders are expected to follow suit in the next few ...

DecemberChange from to November 2011 December 2011 January Change from toDecember 2011 January 2012New Listings1,085-715-39%2,4411,35655.5%Active listings5,316-1,272-19%5,30313-0.24%Sales827-257-23%881546.1%Average Sale price*House and Condo ...

Mortgage rates hit an all time low with BMO offering a five year fixed rate of 2.99% the lowest rate in modern Canadian history. TD and RBC followed suit by cutting their 4 year rates to 2.99%. Now here is where a good thing can go south quickly. These look like good deals however there are somethings to check out. Payment flexibility: are you ...

Today I attended the 2012 version of the Realtors Housing forecast. This is an event hosted by the Realtors association of Edmonton where a number of presenters recap the previous year, but more importantly look to the year ahead. The resounding message from all the presenters was that Real Estate is regional, some of what is being reported in ...

  November Change from  to October 2011 November 2011   Change from  to November 2011 December 2011 New Listings 1,800 -366 -16.8% 1,085 -715 -39% ...

 This an interesting article. I agree with most points, I think that given current developments in Iran in regards to the strait of Hormuz this may increase the price of oil sooner rather than later. This could really fire up the Edmonton market.  Taken from the Edmonton Journal Business section December 31, 2011Calgary, Edmonton will ...

Kelowna, BC (December 6, 2011) ; Canadian residential real estate defied conventional logic and outperformed expectations in 2011, posting another solid year of housing activity virtually across the board. The trend is expected to carry forward into 2012 as Canadians continue to demonstrate their faith in homeownership, despite concerns over ...

R.B.C. This week came  out with their housing trends and afford ability report for 2011. It puts Alberta as the most affordable place in Canada to own a home.   R.B.C has compiled statistics from across the country and created a comprehensive document. If you are into graphs and statistics this may just be the thing for ...

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) price is $324,217 that is down 8.5% from a high of $354,718 in July of ...

 Since the beginning of the week we have seen stock markets falling, how will this affect the housing market in Edmonton? Stock markets are the indicator of confidence in the economy. Investors have, in the last week sold in response primarily to the degrading of the US credit rating, this in turn was in response to a feeling that the ...