Chris Reid REALTOR®| Century 21 Leading Edmonton

RESIDENTIAL STATISTICS – CITY OF EDMONTON MARCH 2021

The REALTORS® Association of Edmonton has released the March 2021 Residential Statistics – City of Edmonton. Another strong month reported for home sales in Edmonton. Residential home sales up 103% over March of 2020. Average home sales price up 4.6% from February of 2021 and up 14.4% from March 2020. Average days on market has dropped from 62 days to 43.

The biggest jump in March 2021 home sales is the selling price of single family homes up 13.9% from last year, averaging out to $470,381. Duplexes and row housing prices are up 11.5% to $360,093. Finally Condo sales are up slightly by 2.8% to an average of $221,855.

The rates on home loans are being nudged higher by a rising interest rate, on Canadian five-year government bonds. Several of Canada’s major banks hiked their fixed-rate mortgage rate. As a result, the rates most borrowers pay are now higher by as much as .25% on loans with five-year terms. There are expectations rates will continue to rise, so homebuyers and homeowners may need to move fast to lock in the best rate. If you’re looking to purchase a home, try to lock a low rate now because you’ll be able to hold onto it for up to 120 days.

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MARCH 2021 RESIDENTIAL STATISTICS - CITY OF EDMONTON

A very strong residential market in the City of Edmonton as the March 2021 numbers are released by the REALTORS Association of Edmonton.

2021 vs 2020 RESIDENTIAL STATISTICS – CITY OF EDMONTON. Left Column 2021 Numbers, Right Column 2020

CHBA- Edmonton Region 2021 Awards of Excellence

Canadian Home Builders – Edmonton Region 2021 Awards of Excellence in Housing

So excited to be a finalist for the Canadian Home Builders Association- Edmonton Region 2021 Awards of Excellence in Housing. In the category of Builder/ REALTOR® Co-operation! Good luck to all the 2021 finalists click here to see a full list of finalists!

Since 1943, the Canadian Home Builders’ Association (CHBA) has been “the voice of Canada’s residential construction industry.” Representing one of the largest industry sectors in Canada, our membership is made up of over 8,500 companies – including home builders, renovators, land developers, trade contractors, product and material manufacturers, building product suppliers, lending institutions, insurance providers, and service professionals.

CHBA seeks a strong and positive role for the housing industry in Canada’s economy and in the life and development of our communities. In addressing this goal, we support the business success of our members. We work to ensure Canadians have access to homes that meet their needs at a price they can afford to pay, and that the interests of homebuyers and homeowners are understood by governments. And we provide information to Canadians to help them become more informed and confident when they buy a new home, or hire a renovator to improve their existing one.

Canadian Home Builders Association Housing Awards 2021 Finalists have been announced! Check out the best in Canadian new homes and spaces, renovations, communities, and residential marketing.

RESIDENTIAL STATISTICS – CITY OF EDMONTON March 2021

Finalist for CHBA Awards of Excellence