Both Edmonton and Calgary experienced a rise in seasonally adjusted home sales in August. However, the momentum appears to be shifting between the two cities. Edmonton is seeing continued strength, while Calgary’s market is showing signs of cooling off.

A September Edge Realty report suggests that Calgary’s market could cool in the short term as inventory continues to rise although long-term prospects...

Despite the recent apparent good news from Canada’s Labour Force Survey for August 2024, showing an increase in a net total of 22,000 jobs, some underlying trends behind those numbers raise concerns about the Canadian labour market. 

Job creation has stalled and unemployment figures continue to rise, as immediate and more long-term economic pressures suggest Canada’s labour market could face...

In Edmonton, the year-over-year comparisons highlight a strong overall performance. Residential sales and prices remain elevated compared to last year, signalling continued interest despite a month-over-month slowdown after a very strong July market.

Total Residential Market

Sales

In August 2024, according to the Realtors® Association of Edmonton, the Greater Edmonton Area saw 2,591 residential sales,...