First Blush Blog

June 2019 Stats with Scarlett

Posted on Jul 28, 2019

Average sale prices have decreased slightly by 0.70% month over month and 3.71% from June 2018. Total sales were up 0.56% compared to this time last year.
New listings dropped 18.03%, and overall inventory is down 11.68% since last year.

Single family home prices decreased 4.45% year over year and down 1.76% from May 2019. Condo prices are also down...

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Mortgage Qualification Just Got Easier

Posted on Jul 28, 2019

What is the a "Stress-Test" and how does it impact Canadians? Over the last few years new mortgage rules were implemented requiring all borrowers to qualify for a mortgage using a "minimum qualifying rate". Rather than obtaining a mortgage approval based on the interest rate offered by a lender, borrowers have to pass a "stress-test" by qualifying...

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May 2019 Stats with Scarlett

Posted on Jun 08, 2019

Inventory has decreased by 7.28% compared to May 2018 and has increased 6.06% compared to last month. The number of sales have gone up 4.04% compared to this time last year and 17.64% from last month on average. This indicates we are starting to move towards a more balanced market for overall residential activity in Edmonton. Single Family sales in...

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April Stats with Scarlett

Posted on May 10, 2019

Edmonton CMA Stats

Unit sales across all residential categories went up compared to March 2019. Single family homes saw an increase in sales of 43.68%, Condo sales were up 38.21%, and Duplex/Row Housing sales went up 34.06% month over month. Year over year sales are up 3.43% compared to April 2018, but year to date sales are down 8.44% compared to...

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Where The Dogs At?

Posted on May 09, 2019

Edmonton has some awesome off-leash dog parks where pups can play, run, swim, and socialize with new friends! I’ve compiled the Top 5 Best Dog Parks in Edmonton to take your fur-baby!

1. Mill Creek Ravine North and South
The ravine flows into the North Saskatchewan River and runs north-south from Connors Road to Argyll Road. This one is our go-to par...

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March 2019 Stats with Scarlett

Posted on Apr 04, 2019

Stats with Scarlett

Now that we are into spring market we're about to see a lot of listings come up and buyers will be on the hunt! Average selling prices are down about 5% from last year and so are the number of sales (about 13% from last year). Inventory remains high so we are still in a buyers market. With that said, every community and sub-marke...

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