New condo prices in Edmonton were up yearly in Q2 2025.
Prices are more than 28% higher than the low reached in Q1 2022.
Since Q1 2017, prices have grown by 9.2%.
The market has shown a clear recovery trend since mid-2021.
Edmonton’s condo sector is benefiting from renewed buyer confidence.
Category: Uncategorized
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Edmonton’s New Condo Sector Gains Momentum
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ਡਾਊਨ ਪੇਮੈਂਟ ਲਈ ਤੁਹਾਨੂੰ ਕਿੰਨਾ ਰਕਮ ਚਾਹੀਦੀ ਹੈ
ਡਾਊਨ ਪੇਮੈਂਟ ਉਹ ਮੁਢਲੀ ਰਕਮ ਹੁੰਦੀ ਹੈ ਜੋ ਘਰ ਖਰੀਦਣ ਸਮੇਂ ਦਿੱਤੀ ਜਾਂਦੀ ਹੈ, ਜੋ ਕਿ ਘਰ ਦੀ ਕੀਮਤ ਵਿੱਚੋਂ ਘਟਾ ਲਈ ਜਾਂਦੀ ਹੈ ਅਤੇ ਬਾਕੀ ਰਕਮ ਮੋਰਟਗੇਜ ਰਾਹੀਂ ਦਿੱਤੀ ਜਾਂਦੀ ਹੈ। ਘਰ ਦੀ ਕੀਮਤ ਅਨੁਸਾਰ ਘੱਟੋ-ਘੱਟ ਡਾਊਨ ਪੇਮੈਂਟ ਵੱਖ-ਵੱਖ ਹੁੰਦੀ ਹੈ: $500,000 ਤੱਕ ਦੇ ਘਰ ਲਈ 5% ਅਤੇ ਇਸ ਤੋਂ ਵੱਧ ਕੀਮਤ ਵਾਲੇ ਘਰ ਲਈ ਪਹਿਲੇ $500,000 'ਤੇ 5% ਅਤੇ ਬਾਕੀ ਰਕਮ 'ਤੇ 10%। ਜੇਕਰ ਡਾਊਨ ਪੇਮੈਂਟ 20% ਤੋਂ ਘੱਟ ਹੋਵੇ, ਤਾਂ ਆਮ ਤੌਰ 'ਤੇ ਮੋਰਟਗੇਜ ਲੋਨ ਇੰਸ਼ੋਰੈਂਸ ਲਾਜ਼ਮੀ ਹੁੰਦੀ ਹੈ, ਜੋ ਖਰੀਦਦਾਰ ਦੀ ਨਹੀਂ, ਸਗੋਂ ਲੈਂਡਰ ਦੀ ਸੁਰੱਖਿਆ ਕਰਦੀ ਹੈ। ਇੰਸ਼ੋਰੈਂਸ ਪ੍ਰੀਮੀਅਮ 0.6% ਤੋਂ 4.5% ਤੱਕ ਹੋ ਸਕਦੇ ਹਨ, ਜੋ ਜਾਂ ਤਾਂ ਪਹਿਲਾਂ ਹੀ ਭਰ ਸਕਦੇ ਹੋ ਜਾਂ ਮੋਰਟਗੇਜ ਵਿੱਚ ਸ਼ਾਮਲ ਕਰ ਸਕਦੇ ਹੋ। ਵੱਡੀ ਡਾਊਨ ਪੇਮੈਂਟ ਨਾਲ ਮੋਰਟਗੇਜ ਦੀ ਰਕਮ ਅਤੇ ਵਿਆਜ ਦੀ ਲਾਗਤ ਘੱਟ ਹੁੰਦੀ ਹੈ।
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Simple Strategies To Save On Your Mortgage
Buying a house is a significant investment that impacts financial strategies. To become mortgage-free faster, consider strategies like finding the best mortgage through brokers who offer multiple options, choosing a home at the lower end of your price range, and opting for a variable rate mortgage for potential savings. Applying tax refunds to the mortgage can also reduce the payoff time and interest. Additionally, selecting the right insurance is crucial for protecting your investment. Consulting a financial advisor can help tailor decisions to your goals.
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Tariffs Shaking up Canadian Mortgage Plans!
Canadians juggle mortgages amid rates, tariffs, and economic uncertainty.
Rates split opinions: 32% expect increases, 27% decreases, 29% think they’ll stay steady.
Experts say advice is key to making confident, informed mortgage choices aligned with goals.
Bank of Canada warns 2025–26 payments may rise 6–20%, varying by mortgage type.
Experts urge personalized advice for renewals; builder confidence remains below 25/100 for all home types.
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Edmonton Home Sales Climb in Early-Summer
Edmonton avg. detached price: $565,496 YTD
Detached sales ↑ 2.6% YoY; prices ↑ 6.4% YoY
New listings ↑ 16.3% vs. June 2024.
Despite a slowdown in townhomes, Edmonton’s housing market remains steady and opportunity-rich.
Greater Edmonton Area offers opportunities as inventory grows into year's second half -
BC Approves New Mortgage Act to Safeguard Borrowers
Slide 1
Big news 🏡: BC is replacing the old Mortgage Brokers Act with the new MSA.Slide 2
MSA = stronger consumer protections, clearer broker rules, and tougher enforcement ✅.Slide 3
It officially kicks in October 13, 2026, after a 15-month transition period ⏳.Slide 4
Expect higher standards, better disclosure, and advice designed for YOUR best interests 💬.Slide 5
During transition, always check your broker is registered using BCFSA’s “Find a Broker” tool 🔍. -
Will Surrey Hit Its 5-Year Housing Target?
Surrey exceeded its 2025 housing target by 53%, delivering 6,488 net new units.
The provincial five-year target is 27,256 units; Surrey is ahead after year one.
Over 13,100 units have permits issued and are progressing through construction stages.
More than 45,100 rezoned units await construction, showing strong future development potential.
Surrey implemented 30+ process improvements to fast-track approvals and support housing delivery. -
7 ways to get onto the property ladder in 2025
First-time buyers face affordability challenges, especially in London and the South East, but various schemes can help. Options include low deposits from £5,000, Lifetime Isa bonuses, high loan-to-income mortgages, First Homes discounts, rent history-based loans, Rate Reducer deals on new builds, and shared ownership. 0% deposit mortgages exist but carry higher costs. Waiting for potential base rate cuts may improve affordability.
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Edmonton in Mid-Summer: Increased Home Choices for Buyers
Nearly **4,400** homes listed in July
Listings ↓ **7.8%** year-over-year
Home sales dipped ~0.5% MoM
Buyers gain more market power
Avg. price: ~$460K, ↑5% YoY -
Happy Labour Day
Happy Labour Day!
Labour Day is a chance to honor and appreciate the hard work and contributions of workers in various industries.
It's a chance to look back at workers' rights achievements and labor rights progress over time.
Sending warm wishes on Labour Day to honor the dedication and contributions of workers everywhere.
May your Labour Day be filled with rest, rejuvenation, and the satisfaction of a job well done.