Posthaste: These two cities are now the top-searched spots for real estate in Canada via financialpost
The proportion of searches on the Royal LePage website for properties in Edmonton have quadrupled since before the pandemic. Between January and June of 2023, unique searches for homes in Edmonton reached 2 per cent of total searches, compared with 0.5 per cent in 2019.made up 1.9 per cent, more than double the percentage during the same period in 2019.
“Canadians are grappling with expensive home prices in a high-cost borrowing environment. These challenges are tempting homebuyers to migrate to communities where housing is more affordable,” said Tom Shearer, owner of Royal LePage Noralta Real Estate in Edmonton. Cheaper real estate is part of the appeal. According to Royal LePage the aggregate price of a home in Edmonton was $434,400 in the second quarter of 2023, and $643,200 in Calgary, compared to a national aggregate price of $809,200.Article contentwas up almost 7 per cent from the year before, according to the Calgary Real Estate Board.
The city also set a record for home sales in June, up 11 per cent from the year before, with apartment sales up 48 per cent. The numbers for July come out today.This bucks the national trend, where home sales have began to ease or even decline because ofCalgary real estate agent Matt Halladay told The Canadian Press that some homes are selling the same day they are listed, and sometimes sight unseen.“The most I’ve heard of, on one that we lost out on, was 26 offers.
“Calgary’s impressive population growth and relatively affordable position will likely keep this trend going over the back half of the year,” he said.
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Posthaste: These two cities are now the top-searched spots for real estate in CanadaRoyal LePage says Edmonton and Calgary are now the top\u002Dsearched cities for home hunters in Canada. Read more
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Posthaste: These two cities are now the top-searched spots for real estate in CanadaRoyal LePage says Edmonton and Calgary are now the top\u002Dsearched cities for home hunters in Canada. Read more
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Posthaste: These two cities are now the top-searched spots for real estate in CanadaRoyal LePage says Edmonton and Calgary are now the top\u002Dsearched cities for home hunters in Canada. Read more
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Posthaste: These two cities are now the top-searched spots for real estate in CanadaRoyal LePage says Edmonton and Calgary are now the top\u002Dsearched cities for home hunters in Canada. Read more
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Posthaste: These two cities are now the top-searched spots for real estate in CanadaAccording to Royal LePage, the aggregate price of a home in Edmonton was $434,400 in Q2 of 2023, and $643,200 in Calgary
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Posthaste: These two cities are now the top-searched spots for real estate in CanadaRoyal LePage says Edmonton and Calgary are now the top\u002Dsearched cities for home hunters in Canada. Read more
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