register | confirm account | forgot password
Anu Khullar - RE/MAX River City
282 Calgary Trail NW, Edmonton, Alberta
P: 780-439-7000
F: 866-293-5424

Wednesday, May 19, 2010 - Preferred Market Interpretation - May

Excerpt from our monthly Preferred Newsletter:

2010 continues strong... But the overall impact of mortgage rate increases and rule changes have not been felt yet. The overall listing inventory, and lower list to sold ratio is an indicator of a slow down, and return to a heavy buyer‚??s market. Edmonton should have approximately 5000-5500 properties active on the market during summer for a balanced market, and we have over 8000! That said, the demand for homes under $400,000 and condos under $250,000 is very strong still and the impact of both interest rate increases and mortgage qualifying rule changes will have less of an impact in these more affordable price points. In an recent example from one of our great mortgage representatives we work with, the example client would likely choose a 5 year longer rate, as they could qualify for $280,000 instead of only $240,000 under the variable or shorter term options. The changes were designed with this in mind‚??to encourage people to be buying for the longer term and to discourage any flipping or market speculation. In for the long haul... These changes will continue to bring stability into our market, and specifically will help Edmonton continue to lead North America in economic recovery. We still have strong job growth, net in migration, and a great standard of living that attracts people to our great city. If you are considering a move anytime this year, give us a call today and we can discuss your plans with you and give you the best strategy to accomplish your goals.¬†

posted in News at Wed, 19 May 2010 22:37:11 +0000

iPhone MLS® Search
Button advertising your iPhone site
MLS® on your iPhone
MLS® Search Button
Button advertising your MLS® Search page
Map-based MLS® Search
Recent Blog Entries
Displays summaries of most recent blog items
Recent Blog Entries
Canada's Mortgage Rules Tightening - Jul 4, 2012

Effective July 9, 2012, the rules for government-backed insured mortgages will tighten in ...

Ice on Whyte festival - Jan. 12-22, 2012 - Jan 9, 2012

Join dozens of ice carvers as they descend on Edmonton this January for a sparkling tribute to the ...

The hot real estate topics for holiday parties 2012 - Nov 30, 2011

Want to be the one in the know at this year's holiday parties?† Well here are our hot topics with ...

November 2011 - Preferred Newsletter - Nov 30, 2011

How is your Christmas Shopping coming along? Still time to buy a new home for the best present ...

October 2011 - Preferred Newsletter - Nov 11, 2011

Ready for winter?Still hard to believe that winter and Christmas are right around the corner with ...

Data last Updated: 2022-08-11 at 22:25:30 GMT America/Edmonton
This site's content is the responsibility of Anu Khullar, licensed REALTOR® in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2022, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker