Strathcona County Acreage Sales in November 2024: A Thriving Market

by Christina Reid

Strathcona County Acreage Sales - Real Estate Market Chris Reid Edmonton Realtor

The market of Strathcona County acreage sales has experienced a significant transformation. As we reflect on the data from November 2024, a clear picture emerges: an invigorated market that is swiftly adapting to the changing demands of home buyers and investors alike. This blog post delves into the nuances of Strathcona’s acreage sales, offering insights that are crucial for both potential buyers and current homeowners.

Bar graphs below are interactive

Strathcona County -Acreage Listings

The influx of new listings in November 2024 increased by 52.94%, with 26 new properties hitting the market. This increase in inventory is a positive development, as it provides more options for buyers and helps stabilize prices in a dynamic market environment. Throughout the year, the total number of new listings rose by 14.64% to 603, ensuring a steady supply in response to growing demand.

Average Asking Price Trends

Average Acreage List Price

While the number of sales showed impressive growth, the pricing dynamics offer a mixed view. The average asking price for acreages saw a slight dip of 5.92%, settling at $938,000. Conversely, the year-to-date figures paint a more stable picture, with a modest increase of 2.47% from the previous year, bringing the average asking price to $908,000.

Strathcona County –Acreage Sales

November 2024 marked a period of extraordinary growth in the number of properties sold in rural Strathcona, witnessing a staggering 150% increase compared to November 2023. The total properties sold throughout the year also rose by 30.36%, with 365 properties changing hands, up from 280 the previous year. This surge reflects a robust demand and a thriving market, underscoring the growing allure of spacious, rural living.

Acreage Average Sale Price

The average sale price in November 2024 stood at $714,000, marking an 8.78% decrease from November 2023. However, looking at the year-to-date data provides a reason for optimism, as the average sales price saw a 6.02% increase from the previous year, highlighting the long-term value retention and appreciation potential of properties in the area.

The ask-to-sell ratio, an indicator of how close the final sale price is to the listed price, stood at 0.974, improving by 4.23%. This suggests that properties are selling closer to their asking prices, a sign of a healthy market where buyers are willing to meet sellers’ valuations.

Strathcona Acreages Average Days on Market

The efficiency of the market has also improved, with properties spending less time on the market. The average number of days on market until sale was significantly reduced by 47.77%, with properties selling in about 82 days compared to 89 days in the previous year. This increase in market velocity indicates a higher turnover rate, facilitating quicker sales and benefiting both sellers and buyers.

A Year of Dynamic Change and Opportunities

As we analyze the Strathcona acreage sales market, it’s evident that 2024 has been a year of dynamic changes and significant opportunities. The substantial increase in sales volume, combined with the nuanced shifts in pricing and market efficiency, paints a picture of a vibrant and evolving market landscape.

For those considering an investment in the area, the current trends offer promising potential for both short-term gains and long-term prosperity. Rural Strathcona continues to attract a diverse array of buyers, drawn by its natural beauty, spacious properties, and the promise of a serene lifestyle away from urban hustle.

Conclusion

The acreage sales in Strathcona County reflect a robust and adaptable real estate market. With an increasing number of properties sold, a healthy pace of sales, and a market that continues to attract significant interest, the outlook for acreage sales in Strathcona is overwhelmingly positive. Whether you are a potential buyer looking to make a rural move or a seller considering listing your property, the current market conditions are ripe with opportunity.

As we look forward to 2025, the trends established in November 2024 will undoubtedly influence the market’s trajectory. With strategic planning, informed decision-making, and an understanding of the local market dynamics, stakeholders can look forward to a prosperous year in the Strathcona real estate market.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

Looking to Buy or Sell Acreages in Strathcona County?

Whether you’re a buyer eager to find your perfect rural retreat or a seller ready to capitalize on this favourable market, I’m here to help. Reach out to explore available properties or to discuss your goals.

CONTACT ME HERE with your questions regarding Strathcona County Acreage Sales

Strathcona County Website

2 December 2024

Choose the Right Builder for Your New Home in Edmonton

by Christina Reid

Choose the right builder when planning to build your dream home in Edmonton. One of the most critical decisions you’ll face is choosing the right builder. A reputable and skilled builder can bring your vision to life, ensuring a smooth process and a quality outcome. But with so many options available, it can be challenging to determine who to trust with such an important project.

This guide will walk you through the key considerations and steps to help you choose the right builder for your new Edmonton home.

Why Choosing the Right Builder is Crucial

The builder you select will significantly impact your home’s quality, design, and construction timeline. A trustworthy builder ensures:

Structural Integrity: Your home meets all building codes and safety standards.
Customization: Your design preferences are incorporated effectively.
Timeliness: The project stays on schedule without unnecessary delays.
Budget Control: Costs remain within your planned budget.
Customer Experience: A stress-free and transparent building process.

In Edmonton’s booming housing market, where new home construction is a popular choice for buyers, finding a builder that aligns with your goals is critical. Let’s delve into the steps for choosing the best builder for your needs.

1. Identify Your Needs and Budget

Before reaching out to builders, clarify your requirements:

Type of Home: Are you building a single-family home, a townhouse, or a luxury estate?
Design Preferences: Do you want a custom-built home, semi-custom, or a pre-designed model?
Budget: Determine your financial limits, keeping in mind land costs, materials, and upgrades.

By defining these factors, you’ll narrow down your list to builders specializing in the type of home you want within your price range.

2. Research Edmonton Builders

Edmonton has a diverse range of home builders, from large companies to smaller custom firms. Start your search to choose the right builder by:

Checking Reviews: Look for online reviews on platforms like Google, Houzz, or the Better Business Bureau.
Asking for Recommendations: Talk to friends, family, or real estate professionals for trusted builder referrals.
Browsing Portfolios: Visit builders’ websites to view their completed projects and ensure their style aligns with yours.
Exploring Communities: Many Edmonton builders specialize in specific neighbourhoods. Drive through new home communities to observe quality and designs.

3. Verify Credentials and Experience

A professional builder should have proper credentials, a solid track record, and extensive experience in the Edmonton market. Key factors to check include:

Licensing and Insurance: Ensure the builder is licensed to operate in Alberta and carries adequate insurance.
Membership in Associations: Builders affiliated with organizations like the Canadian Home Builders’ Association (CHBA) demonstrate a commitment to industry standards.
Years in Business: Experienced builders are more likely to handle challenges effectively.
Warranty Coverage: Builders must provide a new home warranty under the Alberta New Home Buyer Protection Act, covering structural defects, materials, and labor.

4. Assess Communication and Transparency

Effective communication is essential for a smooth building experience. Evaluate the builder’s:

Responsiveness: Are they prompt in returning calls and emails?
Transparency: Do they provide clear and detailed contracts, estimates, and timelines?
Willingness to Listen: A good builder values your input and strives to meet your expectations.

Schedule consultations with potential builders and ask questions about their process, pricing, and how they handle unexpected challenges.

5. Visit Model Homes and Past Projects

Nothing beats seeing a builder’s work in person. Many Edmonton builders offer model homes or open houses, providing a firsthand look at their craftsmanship, design quality, and attention to detail. Pay attention to:

Finishes and materials used
Floor plan functionality
Quality of fixtures and fittings
Overall aesthetics and durability

6. Understand the Building Process

Every builder has a unique process, and understanding it will help you decide if they’re a good fit. Key elements to discuss include:

Design Options: What level of customization is available? Can you make changes to existing floor plans?
Timeline: How long will it take to complete your home, and what factors could delay progress?
Materials: Do they use high-quality, energy-efficient materials suitable for Edmonton’s climate?
Contractors: Are subcontractors hired, and how are they selected?

Builders who outline their process in detail demonstrate professionalism and commitment to transparency.

7. Compare Costs and Value

While cost is an essential factor, choosing a builder solely based on the lowest quote can be risky. Instead, focus on value for money by considering:

Included Features: Some builders may offer upgraded finishes, appliances, or energy-efficient features in their standard packages.
Potential Up-charges: Ask for a breakdown of upgrade costs and avoid surprises during construction.
Financing Options: Does the builder work with preferred lenders or offer financing incentives?

Request a detailed estimate and ensure all costs are clearly defined before signing a contract.

8. Check References

Speaking with past clients is one of the most effective ways to gauge a builder’s reliability and quality of work. Ask for references and inquire about:

Their overall experience with the builder
How issues were resolved during construction
Whether the home was completed on time and within budget
Their satisfaction with the final product

A builder with a solid reputation will have no hesitation in providing references.

9. Visit Job Sites

If possible, visit an active job site managed by the builder. This will give you insights into their construction practices, site organization, and attention to safety protocols. Well-maintained job sites often indicate professionalism and high standards.

10. Consider Long-Term Support

Your relationship with the builder doesn’t end when your home is completed. Consider their after-sales support, including:

Warranty Service: How efficiently do they address warranty claims?
Maintenance Guidance: Do they provide tips for maintaining your home?
Customer Support: Are they available to answer questions or provide assistance post-construction?

Builders committed to long-term customer satisfaction are worth prioritizing.

Choosing the right builder for your new Edmonton home is a significant decision that requires careful research and consideration. By following the steps outlined above, you’ll be well-equipped to find a builder who understands your needs, aligns with your budget, and delivers a high-quality home that you’ll cherish for years to come.

Remember, your home is one of the most significant investments you’ll ever make. Taking the time to select a reputable and experienced builder will ensure your dream home becomes a reality without unnecessary stress or complications.

Want to choose the right builder in the Edmonton area? Contact Chris Reid Edmonton REALTOR®

For more insights into Edmonton’s real estate market, follow me on Facebook, Instagram, and YouTube. Stay updated on the latest new build opportunities and exclusive deals!

Purchasing New Construction Homes in Edmonton- Top 10 Benefits

by Christina Reid

Whether you’re a first-time buyer or looking to upgrade, purchasing new construction homes in Edmonton is a decision that comes with numerous advantages. Here are the top 10 benefits of choosing a new build home in this dynamic city. Edmonton is a thriving city with a real estate market that continues to grow, offering diverse housing options for potential homeowners. Among these options, new construction homes stand out for their modern features, energy efficiency, and customizability.

1. Modern Features and Design

New construction homes in Edmonton are designed with modern aesthetics and functionality in mind. Builders prioritize open-concept layouts, contemporary finishes, and cutting-edge architecture to meet the preferences of today’s buyers. Whether you want sleek kitchens, spacious living areas, or spa-like bathrooms, a new home has it all.

2. Energy Efficiency

Energy efficiency is one of the biggest draws of new builds. Homes constructed in the last few years are equipped with energy-saving features like advanced insulation, high-performance windows, and energy-efficient HVAC systems. These features not only reduce your environmental footprint but also cut down on utility bills.

3. Low Maintenance Requirements

Buying a new home means you won’t need to worry about immediate repairs or replacements. Everything from the roof to the plumbing and electrical systems is brand new, which significantly reduces maintenance costs in the first few years. This benefit is particularly appealing to busy professionals and families.

4. Customization Opportunities

One of the most exciting benefits of purchasing new construction homes is the ability to personalize your space. Builders in Edmonton often offer customizable options, allowing you to choose everything from flooring and cabinetry to countertops and paint colours. This level of customization ensures your home reflects your unique style and preferences.

5. Warranty Protection

All new builds come with a comprehensive warranty that covers structural elements, electrical systems, and more. In Alberta, the New Home Buyer Protection Act ensures that builders provide warranties for up to 10 years. This peace of mind is invaluable for homeowners, eliminating the stress of unexpected repair costs.

6. Smart Home Technology

New construction homes are often pre-wired for smart home systems, including security features, automated lighting, and climate control. These technologies not only make life more convenient but also increase the resale value of your property in the future.

7. Energy Rebates and Incentives

The Alberta government and local builders frequently offer incentives and rebates for energy-efficient homes. These programs can make purchasing a new construction home in Edmonton even more affordable. From solar panel rebates to energy-efficient appliance credits, there are financial perks for environmentally conscious buyers.

8. Prime Neighbourhoods

Many new construction homes are located in emerging neighbourhoods in Edmonton that boast excellent amenities. From parks and schools to shopping centres and public transit, these communities are designed for convenience and quality of life. Popular areas for new builds include Windermere, Keswick, and Chappelle Gardens.

9. Higher Resale Value

When it comes time to sell, new construction homes tend to have a higher resale value. Buyers are drawn to modern designs, energy-efficient features, and low-maintenance properties. Investing in a new build today can pay off in the future when you decide to move.

10. Builder Incentives and Promotions

Many Edmonton builders offer attractive incentives to buyers, such as free upgrades, discounted closing costs, or even no-interest payment plans for a set period. These promotions make it easier to afford a dream home with premium features.

Purchasing new construction homes in Edmonton is more than just a financial investment—it’s an investment in your lifestyle and future. With benefits ranging from energy efficiency and modern designs to customizable features and warranty protection, it’s easy to see why more buyers are choosing new builds. Whether you’re searching for a family-friendly neighbourhood or a trendy urban community, Edmonton’s real estate market has something to offer everyone.

Ready to find your dream home? Contact Chris Reid at Century 21 Leading to explore the latest new construction properties in Edmonton!

If you’re looking to learn more about new construction homes in Edmonton, follow me on Facebook, Instagram, or YouTube for expert insights and updates on the market.

Would you like additional content or a specific focus on certain neighbourhoods or builder promotions? Let me know!

Edmonton New Home Builders - Trends and Market Updates • 25 November 2024

Purchasing New Construction Homes – A Buyer’s Guide

by Christina Reid

Embarking on the journey of purchasing new construction homes is both exciting and intricate. This comprehensive guide will walk you through each step, from selecting a builder to closing the deal, ensuring you’re well-prepared to make informed decisions.

1. Assess Your Financial Readiness

Before diving into the home-buying process, it’s crucial to evaluate your financial situation:

Budgeting: Determine how much you can afford by analyzing your income, expenses, and savings. Consider using online mortgage calculators to estimate monthly payments.
Credit Score: A higher credit score can secure better mortgage rates. Review your credit report and address any discrepancies.
Pre-Approval: Obtain a mortgage pre-approval to understand the loan amount you’re eligible for, which strengthens your position when negotiating with builders.

2. Select a Real Estate Agent Specializing in New Constructions

Even when buying directly from builders, having a real estate agent can be beneficial:

Advocacy: An agent represents your interests, helping you navigate contracts and negotiations.
Market Knowledge: Agents provide insights into market trends, ensuring you make informed decisions.

3. Research and Select a Reputable Builder

Choosing the right builder is paramount:

Credentials: Verify the builder’s licenses and certifications. Ensure they adhere to local building codes and standards.
Experience: Look for builders with a proven track record in constructing homes similar to your desired style and budget.
References: Request testimonials from previous clients and, if possible, visit completed projects to assess quality.
Warranties: Inquire about structural and appliance warranties to safeguard your investment.

4. Select the Ideal Location

The location of your new home influences your lifestyle and property value:

Community Amenities: Consider proximity to schools, healthcare facilities, shopping centres, and recreational areas.
Future Development: Research planned infrastructure projects that could enhance or detract from the area’s appeal.
Resale Value: Neighbourhoods with steady appreciation rates are preferable for long-term investment.

5. Choose the Right Floor Plan and Customizations

Tailor your home to fit your needs:

Layout: Assess the functionality of different floor plans, considering factors like family size and lifestyle.
Upgrades: Decide on essential upgrades versus those that can be postponed. Be mindful of how customizations impact the overall budget.
Energy Efficiency: Opt for features that reduce utility costs, such as energy-efficient windows and appliances.

6. Understand the Contract and Builder’s Agreement

Before signing, ensure clarity on all terms:

Scope of Work: The contract should detail all inclusions, from materials to finishes.
Timeline: Establish a construction schedule with milestones and completion dates.
Change Orders: Understand the process and costs associated with making changes after construction begins.
Dispute Resolution: Familiarize yourself with procedures for addressing potential disagreements.

7. Secure Financing

Finalize your mortgage:

Loan Options: Explore various mortgage products to find one that aligns with your financial goals.
Interest Rates: Lock in favourable rates to protect against market fluctuations.
Closing Costs: Prepare for additional expenses, including appraisal fees, insurance, and taxes.

8. Monitor the Construction Process

Stay engaged throughout the build:

Regular Updates: Schedule site visits and meetings with the builder to track progress.
Inspections: Hire independent inspectors at key stages to ensure quality and compliance.
Communication: Maintain open lines with the builder to promptly address concerns.

9. Conduct a Final Walkthrough When Purchasing New Construction Homes

Before closing, ensure the home meets expectations:

Punch List: Document any issues or incomplete work for the builder to address.
Systems Check: Test all appliances, HVAC systems, and fixtures.
Warranty Information: Collect all relevant documents and understand coverage terms.

10. Close the Deal

Finalize the purchase:

Review Documents: Carefully examine all closing paperwork for accuracy.
Funds Transfer: Ensure all financial transactions are completed as per the agreement.
Obtain Keys: Once everything is in order, receive the keys to your new home.

11. Post-Move Considerations

After moving in:

Home Maintenance: Establish a routine to keep your home in optimal condition.
Community Engagement: Get involved in local events to integrate into the neighbourhood.
Feedback: Provide reviews for your builder to assist future buyers.

By following this structured approach, you can navigate the complexities when purchasing new construction homes with confidence and clarity.

Contact Chris Reid – Century 21 Leading with more questions on Purchasing New Construction Homes

Housing Starts in Edmonton, Alberta: First Half of 2024

by Christina Reid

Housing starts in Edmonton Chris Reid Realtor

Housing Starts in Edmonton, Alberta: First Half 2024

1. Overview of Housing Starts to June 2024

Housing starts, defined as the commencement of construction on new residential units, serve as a vital indicator of economic health and housing market vitality. In Edmonton, 2024 witnessed a notable increase in housing starts, signalling robust construction activity and a response to growing housing demand.

According to the Canada Mortgage and Housing Corporation (CMHC), Edmonton recorded a significant rise in housing starts during the first half of 2024, marking the second-highest level since 1990. This surge was primarily driven by an influx of interprovincial migration and favoruable economic conditions.

CMHC

2. Economic Factors Influencing Housing Starts

Several economic elements contributed to the uptick in housing starts:

Population Growth: Edmonton experienced substantial population growth, attracting residents from other provinces due to its affordable housing and strong job market. This demographic influx heightened the demand for new housing developments.
CMHC
Employment Opportunities: The city’s diverse economy, encompassing sectors like energy, technology, and education, provided ample employment opportunities, further enticing individuals and families to relocate to Edmonton.
Interest Rates: While national interest rates remained relatively stable, Edmonton’s housing market benefited from local lending conditions that facilitated financing for new construction projects.

3. Demographic Trends and Housing Demand

The demographic composition of Edmonton played a crucial role in shaping housing demand:

Young Professionals and Families: The city attracted a significant number of young professionals and families seeking affordable housing options and quality of life, leading to increased demand for single-family homes and townhouses.
Immigration: International immigration contributed to population growth, with newcomers seeking rental accommodations and entry-level housing, thereby influencing the types of housing starts initiated.

4. Types of Housing Starts

The surge in housing starts encompassed various residential types:

Single-Family Homes: There was a notable increase in single-family home constructions, catering to the preferences of families and individuals seeking more space.
Multi-Family Units: Developers focused on multi-family units, including condominiums and apartments, to meet the needs of young professionals and immigrants.
Purpose-Built Rentals: A significant portion of new constructions were purpose-built rental units, addressing the growing demand for rental housing in the city.
CMHC

5. Policy and Regulatory Impacts

Government policies and regulations significantly influenced housing starts:

Municipal Incentives: The City of Edmonton implemented incentives to encourage developers to undertake new projects, including expedited permitting processes and tax benefits.
Zoning Regulations: Adjustments in zoning laws facilitated higher-density developments, allowing for more efficient land use and increased housing supply.
Affordable Housing Initiatives: Policies aimed at promoting affordable housing led to collaborations between the government and private developers to construct units accessible to lower-income residents.

6. Challenges Faced For Edmonton Housing Starts

Despite the positive trends, the housing market faced several challenges:

Construction Costs: Rising material and labor costs posed challenges for developers, potentially impacting the affordability of new housing units.
Supply Chain Disruptions: Global supply chain issues led to delays in construction timelines and increased costs for building materials.
Labor Shortages: The construction industry grappled with labor shortages, affecting the pace of new housing developments.

7. Future Outlook

Looking ahead, several factors are expected to influence housing starts in Edmonton:

Sustained Population Growth: Continued population growth is anticipated to drive demand for new housing, prompting ongoing construction activity.
Economic Diversification: Efforts to diversify Edmonton’s economy may lead to increased employment opportunities, further attracting residents and boosting housing demand.
Policy Developments: Future government policies, particularly those related to housing affordability and urban development, will play a crucial role in shaping the housing market.

8. Conclusion

The year 2024 marked a period of significant growth in housing starts for Edmonton, driven by economic prosperity, demographic shifts, and supportive policies. While challenges such as rising construction costs and labor shortages persist, the city’s housing market remains resilient, poised to meet the evolving needs of its residents.

As Edmonton continues to grow and evolve, the housing sector will play a pivotal role in shaping the city’s future, ensuring that it remains a vibrant and inclusive place for all its inhabitants.

References:

Canada Mortgage and Housing Corporation. “Fall 2024 Housing Supply Report.”
CMHC
Edmonton Global. “Edmonton leads in housing metrics.”
Edmonton Global
CityNews Edmonton. “‘Record-setting’ number: Edmonton celebrates increase in housing starts.”
CityNews Edmonton
REALTORS® Association of Edmonton. “Monthly Market Statistics Update.”
Realtors of Edmonton
Nesto. “Edmonton Housing Market | 2024 Home Prices.”
Nesto
WOWA. “Edmonton Housing Market Report: Nov. 5th, 2024 Update.”
Wowa

Edmonton Real Estate News • 11 November 2024

Real Estate Investment Edmonton and Alberta in 2025

by Christina Reid

Real Estate Investment Edmonton and Alberta in 2025

Is real estate investment in Edmonton and Alberta the way to go? As we approach 2025, investors are closely examining markets across Canada to identify the next big opportunities in real estate. Alberta, and specifically Edmonton, have emerged as regions with substantial growth potential. With a diversified economy, a young and growing population, and an evolving real estate landscape, Edmonton offers unique investment avenues. In this blog, we will explore the most promising real estate investment opportunities in Edmonton and Alberta for 2025.

1. Multifamily Housing: Real Estate Investment in EdmontonMeeting the Demand of a Growing Population

Edmonton is one of the youngest cities in Canada, with a median age significantly lower than the national average. This youthful demographic is contributing to strong demand for rental properties. The multifamily sector, including apartment buildings and townhouses, presents a lucrative investment opportunity due to several key factors:

High Rental Demand: Edmonton’s population continues to grow, fuelled by interprovincial migration and international immigration. Many of these newcomers prefer renting over buying, creating a sustained demand for rental properties.
Affordability Challenges: Rising interest rates and stricter mortgage regulations are pushing potential homebuyers towards the rental market. Investing in multifamily housing allows investors to capitalize on consistent rental income streams.
Government Incentives: The Alberta government has rolled out various incentives for developers and investors in the multifamily housing sector, making it more attractive to create rental units, particularly affordable housing.

Overall, investing in multifamily properties in Edmonton offers a balanced mix of income stability and potential appreciation, particularly in neighbourhoods close to transit and amenities.

2. Commercial Real Estate: Medical and Office Spaces

Alberta’s healthcare sector is expanding rapidly, creating demand for medical office spaces. In Edmonton, there is a growing trend of healthcare professionals, including nurse practitioners, establishing independent clinics. This shift is driven by the increasing need for accessible healthcare and a focus on preventive care.

Medical Offices: Investing in commercial spaces tailored for medical use can be highly profitable. Demand is driven by the aging population and the expansion of healthcare services beyond traditional hospitals. Nurse practitioners, physiotherapists, and other healthcare providers are looking for modern, well-located office spaces.
Flexible Office Spaces: With the hybrid work model becoming more entrenched post-pandemic, there is a rise in demand for flexible and shared office spaces. Investors can explore opportunities in creating co-working environments that cater to small businesses and professionals seeking adaptable workspaces.

Investing in commercial real estate in Edmonton’s core areas, particularly near hospitals and major transportation hubs, can yield strong returns due to high occupancy rates and long-term leases.

3. Industrial Real Estate: Capitalizing on E-commerce Growth

Alberta’s industrial real estate market, particularly in Edmonton, has shown resilience and growth. The continued rise of e-commerce and logistics has driven demand for warehouses and distribution centres. Edmonton’s strategic location as a transportation hub makes it a prime spot for industrial investments.

Warehouse and Distribution Centres: The shift towards online shopping has led to increased demand for large industrial spaces. Investors can look at properties in industrial parks on the outskirts of Edmonton that have good connectivity to major highways.
Manufacturing Facilities: Alberta’s focus on diversifying its economy includes investments in advanced manufacturing. This sector requires specialized industrial spaces, providing investors with opportunities in leasing or developing facilities designed for manufacturing needs.

The industrial sector offers strong potential for growth, driven by the consistent demand from e-commerce, logistics, and manufacturing companies.

4. Acreages and Rural Properties: The Rise of Lifestyle Investments

There has been a noticeable trend towards rural living, especially post-pandemic, as people seek more space and a quieter lifestyle. Alberta’s rural areas, including Parkland County and Strathcona County, offer excellent opportunities for investing in acreages.

Rural Acreages: Investors can explore purchasing acreages for development or resale. The demand for larger properties has increased, especially among families looking to move away from urban centers while still remaining within commuting distance of Edmonton.
Agricultural Land: Alberta’s strong agricultural industry presents another avenue for investment. Farmland and agricultural properties offer stable returns, as demand for locally sourced food and sustainable farming practices grows.

Rural properties can offer a higher return on investment, especially as the trend of moving to the outskirts continues to grow. This is an excellent option for investors looking to diversify their portfolios with properties that appeal to a lifestyle-driven market.

5. Downtown Revitalization Projects: Leveraging Urban Development

Edmonton’s downtown core has been undergoing significant revitalization in recent years, with new developments focused on mixed-use properties that combine residential, commercial, and entertainment spaces. This transformation is creating exciting investment opportunities in the heart of the city.

Mixed-Use Developments: These projects offer the potential for both residential rental income and commercial leasing. As Edmonton’s downtown becomes more vibrant, demand for residential units in these developments is expected to rise.
Luxury Condos and High-Rise Apartments: There is a growing market for high-end condos, especially among young professionals and retirees looking for modern amenities and a central location.

Investing in downtown properties can be particularly profitable as the area becomes a cultural and economic hub, attracting both residents and businesses.

6. Short-Term Rentals: Tapping into the Tourism Market

The tourism industry in Alberta is making a strong comeback, and Edmonton is emerging as a popular destination for events, festivals, and sports. This resurgence presents an opportunity for investors in the short-term rental market.

Vacation Rentals: Platforms like Airbnb and VRBO have made it easier for investors to manage short-term rentals. Properties located near popular attractions, such as West Edmonton Mall, Rogers Place, and the Edmonton River Valley, are particularly well-suited for this market.
Event-Driven Demand: Edmonton hosts several large events, including concerts, sports tournaments, and cultural festivals. Properties catering to visitors during these peak times can generate significant income.

Investing in short-term rental properties requires careful consideration of local regulations, but the potential for high returns makes it a compelling option for 2025.

7. Residential New Builds: Capitalizing on Homebuyer Preferences

New home construction remains a strong segment in Edmonton’s real estate market. Many buyers are opting for newly built homes due to their modern features, energy efficiency, and customization options.

Single-Family Homes: There is steady demand for single-family homes, particularly in suburban areas like Windermere, Glenridding, and Chappelle Gardens. These neighbourhoods are popular among families looking for larger homes with good schools and amenities.
Townhouses and Duplexes: These offer an affordable entry point for both buyers and investors. Townhouses and duplexes are particularly appealing due to their lower maintenance costs and increasing popularity among first-time homebuyers.

Investing in new builds offers the advantage of low maintenance costs and the potential for strong appreciation, particularly in rapidly growing neighbourhoods.

8. Sustainable and Green Buildings: The Future of Real Estate

Sustainability is becoming a key consideration for both developers and buyers in the Edmonton real estate market. Green buildings and energy-efficient homes are gaining popularity as people become more environmentally conscious.

Energy-Efficient Homes: Properties with features like solar panels, energy-efficient windows, and smart home systems are in high demand. These features not only reduce utility costs but also align with buyers’ preferences for sustainable living.
LEED-Certified Commercial Buildings: Investing in green commercial real estate, such as LEED-certified office buildings, can attract businesses looking to reduce their carbon footprint and appeal to environmentally conscious consumers.

Sustainable properties often command higher rents and resale values, making them a smart investment for the future.

9. Affordable Housing: Addressing the Growing Need

The demand for affordable housing in Edmonton is on the rise, driven by increasing living costs and economic uncertainty. This market segment presents an important investment opportunity, particularly for those interested in socially responsible investing.

Government Programs and Incentives: The Alberta government offers various incentives for the development of affordable housing. Investors can take advantage of these programs to reduce costs and enhance profitability.
Partnerships with Non-Profit Organizations: Collaborating with non-profits to develop affordable housing can provide stable returns while also fulfilling a community need.

Investing in affordable housing can offer steady income and lower vacancy rates, as demand in this segment remains high.

Why Edmonton and Alberta Are Top Picks for 2025

Edmonton and Alberta’s real estate markets are poised for growth in 2025, driven by a combination of economic diversification, population growth, and evolving buyer preferences. Whether you are a seasoned investor or new to the market, there are ample opportunities to explore across various asset classes.

By focusing on multifamily housing, commercial spaces tailored for healthcare, industrial properties, rural acreages, downtown revitalization projects, short-term rentals, new home construction, green buildings, and affordable housing, investors can find promising avenues that align with their financial goals. Edmonton’s strategic location, young population, and supportive government policies create a dynamic environment for real estate investments.

For those considering entering the Edmonton real estate market, now is an opportune time to explore these diverse opportunities and position yourself for success in 2025.

Considering investing in Edmonton? Contact CHRIS REID

🌐 Sources

Britannica – Edmonton | History, Facts, Map, & Points of Interest
TheMichaelBlank – The Future of Real Estate Investment
[NewsWire – Real Estate in 2025: Mixed outlook opens doors to new investment opportunities](https://www.newswire.ca/news-releases/real-estate-in-2025-mixed-outlook-opens-

Fort Saskatchewan Home Sales Statistics • Fort Saskatchewan Home Sales Statistics • 8 November 2024

Fort Saskatchewan Real Estate Market Statistics- October 2024

by Christina Reid

Fort Saskatchewan Real Estate Statistics Chris Reid Edmonton

Fort Saskatchewan Real Estate Market Statistics – October 2024

The Fort Saskatchewan real estate market has shown remarkable growth and resilience in 2024, reflecting broader trends across the Edmonton Metropolitan Region. The numbers paint a clear picture of a community that is becoming increasingly popular among homebuyers, driven by a combination of favourable market conditions and intrinsic appeal. This analysis aims to unpack the performance of the Fort Saskatchewan housing market in 2024, highlighting key trends and what they mean for potential buyers and sellers.

Bar Graphs Below Are Interactive

Fort Saskatchewan MLS® Listings

Although the analysis shows fluctuations in new listings on a monthly basis—with a decrease of 20.55% YTD in 2024 compared to 2023—this has not hindered the overall market activity. The reduced number of new listings may have contributed to the competitive nature of the market, leading to quicker sales and higher prices.

Fort Saskatchewan Average List Price

The average asking price in Fort Saskatchewan has seen a steady increase, reaching $469K YTD in 2024, which is up by 6.67% from 2023. Comparing the monthly statistics, the average asking price in October 2024 was $474K, which shows a 13.40% rise from $418K in the previous year. This growth in asking prices reflects a healthy market where homeowners can expect their property values to appreciate, making it a promising investment opportunity.

Fort Saskatchewan Home Sales

2024 has been a standout year for property sales in Fort Saskatchewan. Year-to-Date (YTD), there have been 701 properties sold, which marks a significant 33.78% increase from the same period in 2023, when 524 properties were sold. This substantial uptick is a strong indicator of increased demand and a robust housing market. Notably, in October alone, there was an astonishing 93.94% increase in sold properties compared to October 2023, with 64 homes changing hands.

Fort Saskatchewan Average Home Sale Price

The average sale price also reflects positive growth. YTD in 2024, the average sale price was $443K, up 11.47% from $397K in 2023. The monthly figures for October show an even more impressive growth, with the average sale price reaching $451K, up 10.92% from the previous year. This steady increase in sale prices is a clear sign that Fort Saskatchewan remains an attractive locale for both first-time buyers and seasoned investors.

The average ask to sell ratio stands at 0.996 YTD in 2024, indicating that homes are selling very close to their asking prices. This ratio is a modest increase from 0.982 in 2023, suggesting that sellers are getting what they ask for, and buyers are willing to meet these prices due to the perceived value in the Fort Saskatchewan market.

Fort Saskatchewan -Average Days on Market

In terms of market efficiency, the average days on market until sale have decreased significantly, which is an encouraging sign for sellers. The average number of days a property stays on the market has dropped by 26.56%, down to 47 days in 2024 from a higher figure in the previous year. This decrease suggests that properties are moving faster, likely due to increased buyer demand and a competitive market environment.

The trends observed in 2024 serve as a testament to Fort Saskatchewan’s growing appeal and its market’s resilience. For prospective buyers, the data underscores the importance of entering the market sooner rather than later, as prices show a consistent upward trajectory. Sellers can also feel optimistic about listing their properties, given the favourable selling conditions and the likelihood of achieving desirable sale prices.

Fort Saskatchewan’s real estate market in 2024 has demonstrated significant growth, resilience, and buyer interest. With sales and prices on the rise, the local market offers substantial opportunities for both buyers and sellers. As the year progresses, it will be interesting to see how these trends evolve, especially in response to broader economic conditions and local developments. For now, Fort Saskatchewan remains a promising area for real estate investment and homeownership, reflecting the vitality and potential of the broader Edmonton area real estate landscape.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

Are you considering buying or selling or just interested in more information on the real estate market in Fort Saskatchewan? CONTACT ME HERE

City of Fort Saskatchewan Website

St. Albert Real Estate Market Stats • 8 November 2024

St. Albert Real Estate Market Statistics – October 2024

by Christina Reid

St. Albert Real Estate Sales Chris Reid Edmonton Realtor

St. Albert Real Estate Market Statistics – October 2024

St. Albert’s real estate landscape has demonstrated remarkable growth and resilience throughout 2024. This blog delves into the underlying trends, statistics, and market dynamics that have shaped one of Alberta’s most vibrant housing markets over the year. By analyzing data from the REALTORS® Association of Edmonton, we can pinpoint how St. Albert stands out in the regional context and forecast future directions.

Bar Graphs Below Are Interactive

St. Albert New Listing Count

Despite robust sales, the number of new listings in St. Albert has only slightly increased. In 2024, there were 1,718 new listings, a modest 1.36% increase from 1,695 in 2023. This relative stability in new listings, coupled with high sales growth, suggests a tightening market where demand outpaces supply.

St. Albert Real Estate- Average List Price

The average asking price in St. Albert has seen a steady rise. By October 2024, the average asking price stood at $533K, which is a 5.70% increase from $505K in 2023. This uptrend is supported by a 6.38% year-to-date increase, signalling sustained seller optimism and buyer willingness to invest at higher price points.

The average ask-to-sell ratio, a key indicator of market balance and negotiation power, stands at 0.988 for 2024, slightly up from 0.982 in 2023. This shift suggests that while buyers are still in a strong negotiating position, sellers are gaining ground, likely due to the limited inventory and increasing property values.

St. Albert Home Sales

The year-to-date (YTD) data for 2024 reveals a significant upswing in property transactions in St. Albert. As of October, the total number of sold properties reached 1,332, marking a 24.95% increase compared to the same period in 2023. This surge is even more pronounced when looking at the monthly data for October 2024 alone, which saw 119 properties sold—a 40.00% rise from October 2023. Such vigorous activity underscores a growing buyer interest and a healthy market that rebounds strongly.

St. Albert Average Sale Price of Homes

The average sale price of homes in October 2024 was $474K, up 14.68% from the previous year. Overall, the year-to-date average sale price also increased by 8.76% to reach $497K. These numbers not only reflect the premium quality of St. Albert homes but also the area’s appeal to homebuyers seeking long-term value.

St. Albert Housing Market Days on MLS®

The market’s liquidity, as measured by days on market until sale, has adjusted to 44 days down from 60 October 2023. Properties are moving faster, indicating that buyers are eager and prepared to close deals swiftly in a competitive market environment.

St. Albert’s real estate market in 2024 is characterized by strong growth, rising prices, and a healthy turnover of properties. These trends reflect both the desirability of the area and the robust economic fundamentals supporting the housing market. As we look forward, potential buyers should consider the market’s trajectory and recognize that St. Albert represents a sound investment in a steadily appreciating community.

Prospective sellers, on the other hand, can feel optimistic about entering the market, given the favourable conditions for securing advantageous sale terms. The forecast for 2025 and beyond remains positive, with expectations of continued growth in both property values and market activity.

In conclusion, whether you are looking to buy or sell in St. Albert, the current trends offer promising opportunities. With strategic planning and a keen understanding of market dynamics, stakeholders can effectively navigate this vibrant real estate landscape.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

Interested in buying or selling in the St. Albert real estate market CONTACT CHRIS REID

St. Albert Website

Parkland County Real Estate Market Statistics • 8 November 2024

Parkland County Acreage Sales Statistics October 2024

by Christina Reid

Parkland County Acreage Sales Statistics Chris Reid Realtor

Parkland County Acreage Sales Statistics – October 2024

## Parkland County Acreage Sales: Trends and Insights for 2024

Nestled in Alberta, just west of Edmonton, Parkland County offers a blend of rural charm and modern convenience, making it a sought-after destination for those looking to escape the city’s bustle without sacrificing amenities. As 2024 unfolds, the Parkland County real estate market has experienced significant shifts, offering both opportunities and challenges for buyers and sellers. This article will analyze the latest data on sold properties, average asking prices, days on market, and more to provide a comprehensive overview of the current real estate trends in Parkland County.

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Parkland County Acreage Listings

The dynamics of new listings and inventory levels also provide key insights into the market. Although there was a slight decrease in new listings with 937 in 2024 compared to 979 in 2023, this 4.29% drop hasn’t dampened the market enthusiasm, as evidenced by the rising sales and prices. It may, however, indicate a tightening market with fewer new properties becoming available, potentially leading to increased competition among buyers.

Parkland County Average List Price

As demand grows, so does the value of acreage properties. The average asking price has seen a steady climb, reaching $721K in 2024, up by 7.25% from the previous year. This is part of a continuing trend of rising property values, with a significant jump of 11.69% in average asking prices from $634K in 2023 to $709K in 2024. The rising prices are indicative of a competitive market where buyers are willing to pay a premium for the unique blend of rural tranquility and accessibility that Parkland County offers.

Parkland County Acreage Sales

The year 2024 has been remarkable for acreage sales in Parkland County. By October, the county had seen a significant increase in property transactions, with a total of 60 properties sold, marking a substantial 22.45% rise from October 2023. This trend is mirrored in the year-to-date (YTD) data, which shows a 14.26% increase in sold properties, climbing from 484 in 2023 to 553 in 2024. Such figures underscore a thriving market that is attracting more interest from potential homeowners and investors seeking spacious, rural living options.

Parkland County Acreage Average Sale Price

The average sales price provides another lens through which to view the market’s strength. October 2024 recorded an average sale price of $609K, reflecting a modest increase of 1.56% from October 2023. However, the YTD average sales price shows a more robust growth of 8.05%, rising from $548K in 2023 to $593K in 2024. This trend suggests that while monthly fluctuations are relatively minor, the overall trajectory for acreage property values is upward.

The average ask-to-sell ratio has remained steady, moving from 0.962 in 2023 to 0.972 in 2024. This slight increase reflects a market where sellers are achieving sales very close to their asking prices, indicating strong buyer agreement on property values.

Parkland County Acreage Days on Market

One of the metrics closely watched by real estate professionals is the days on market until sale, which offers a gauge of market velocity and buyer urgency. In 2024, properties in Parkland County have been selling faster, with the average days on market decreasing to 154, a notable 20.31% faster than the previous year. This decrease suggests that properties are being snapped up more quickly, a sign of high demand in the acreage market.

The Parkland County acreage market in 2024 has demonstrated vibrant growth and robust activity, making it an attractive option for those seeking space and serenity without straying too far from urban amenities. With sold properties on the rise, increasing property values, and a market dynamic characterized by quick sales and efficient transactions, Parkland County stands out as a prime location for buyers looking for rural real estate investment opportunities and for sellers to capitalize on the increasing property values.

Prospective buyers and sellers are encouraged to stay informed and consider these trends when making real estate decisions in this increasingly popular area. As we move towards 2025, the market’s resilience and the growing interest in acreage properties suggest a continued upward trajectory, promising opportunities for those ready to engage with the Parkland County real estate market.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

If you would like more information on buying and selling in Parkland County CONTACT CHRIS REID

Parkland County Website

Home Sale Statistics Edmonton • 8 November 2024

Edmonton Real Estate Market – Home Sales October 2024

by Christina Reid

Edmonton Real Estate Market – October 2024

As we wrap up 2024, the Edmonton real estate market continues to show positive growth. December has been a particularly noteworthy month, marking significant increases in key metrics like average sale price, number of sold properties, and market activity compared to the previous year. Here’s a breakdown of the latest trends and data that are shaping the local real estate market.

Edmonton’s real estate market has shown impressive growth through the year 2024, demonstrating a robust recovery and sustained demand across various property types. This detailed analysis provides insights into the performance of the market, helping potential buyers, investors, and industry stakeholders understand the key trends and factors driving the local real estate dynamics.

Below Graphs Are Interactive.

Edmonton New MLS® Listings

New Listings

The total number of new listings in 2024 shows a healthy market activity with 25.4K new listings year-to-date, which is a 10.77% increase from the 23.8K listings in 2023. The consistent supply of new properties helps maintain a balanced market, ensuring that both buyers and sellers have ample opportunities to engage.

Average List Price Edmonton Real Estate Market

Property values have also seen a steady increase. The average asking price in 2024 rose by 4.15% year-to-date, reaching $472K compared to $460K in 2023. This trend is indicative of the market’s healthy appetite, where buyers are willing to invest in higher-priced properties, influenced by both the quality of listings and competitive market conditions.

Home Sales In The Edmonton Real Estate Market

Growth in Sold Properties

The year 2024 has been marked by a significant increase in property sales. As of October, Edmonton has witnessed a remarkable 33.66% rise in sold properties compared to the same period in 2023, with 1.78K properties sold in the month alone. Year-to-date (YTD), the market has seen 17.9K properties sold, marking a 27.67% increase from the 14.0K properties sold by October 2023. This surge reflects a growing buyer confidence and an invigorating market environment.

Edmonton Average Home Sale Price

The average sale price tells a similar story of growth, where the monthly figures for October show a price of $419K—a 10.91% increase from $378K in October 2023. The year-to-date average sale price stands at $407K, up by 7.83% from the previous year. These figures highlight the increasing property values, providing lucrative opportunities for sellers and a sign of a strengthening market for buyers.

The ask to sell ratio, a critical metric measuring the difference between the listing price and the final sale price, shows a marginal improvement, indicating that properties are selling closer to their asking prices, a sign of a seller’s market.

Edmonton Real Estate Market -Average Days

How quickly a property sells is a crucial metric in gauging market health. In 2024, Edmonton has seen a favourable shift in days on market and ask-to-sell ratios:

The efficiency of the market has improved as properties are spending less time on the market. The average days on market until sale has decreased by 20.29%, dropping from 74 days in 2023 to 55 days in 2024. This faster turnover reflects a market where demand meets supply efficiently, benefiting sellers with quicker sales and buyers with a variety of choices.

The Edmonton real estate market in 2024 illustrates a healthy and vibrant environment, marked by a significant increase in property sales, rising prices, and efficient market transactions. These trends not only benefit current homeowners but also provide promising opportunities for potential buyers and investors.

As the market continues to evolve, staying informed with the latest data and trends will be crucial for anyone looking to engage with the Edmonton real estate market, ensuring strategic decision-making and successful investments.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

Looking to buy or sell in Edmonton? CONTACT CHRIS REID

City of Edmonton Website