* Effective January 1, 2021, the REALTORS® Association of Edmonton will be using the term Greater Edmonton Area (GEA) to replace Edmonton CMA (Census Metropolitan Area). 2020 Reports. December 2019 ... An analysis of the latest data and developments in Canada’s housing market. Home Edmonton Real Estate Market ... With mortgage rates set to fall further if you can rent out a resale apartment or a resale townhouse you’re looking at a yearly return of 10 to 15 percent which beats ... if you want to invest, rather than buy a home, don’t do it in the Edmonton housing market. In Edmonton CMA, almost 40% of condominium apartments were identified as rental units. Morguard Corporation today released its 2019 Canadian Economic Outlook and Market Fundamentals Report including a detailed analysis of the outlooks for Calgary and Edmonton across major real estate product classes. The survey report is recognized as the only official and unbiased rental housing cost and vacancy information for rural Alberta. March 4, 2019. Email. As new product is absorbed, UA expects rental rates in Edmonton to resume increasing at a modest pace. A further decline in the condo market has resulted in higher rental demand. Fax: 780-452-1135. Data contained in these tables include vacancy rate estimates, average rents, turnover rates and universe counts. New residential listings are down month over month, decreasing 29.59% from November 2020. 2019 Reports. A new report says Alberta's housing market should continue its slow ... neighbourhood in Edmonton, on Tuesday, April 2, 2019. January 15, 2019. February 21, 2020. After a slow start to 2019, investment volume in the second half of the year picked up dramatically due to three significant transactions. Toll-Free: 1-888-674-7479 Business and investor sentiment improved over the latter half of the year and this is expected to continue into 2020. February 21, 2020. Despite no office activity in the first half of 2019, the second half of 2019 experienced t Edmonton Real Estate Market Report - Aug 19, 2019. January: Total Year-to-date Residential Sales up to close out 2020. House Rental Rates in Edmonton Rental Types Acreage/Farm Apartment Bachelor Suite Basement Suite Bed and Breakfast Commercial Property Condominium Duplex Eight-Plex Flat Four-Plex Garage Space House Loft Main Floor Only Manufactured Home Mobile Home/Lot Motel/Hotel Suite Office Space Room Seasonal Rental Short Term Rental Six-Plex Studio Suite Townhouse Triplex Vacation Homes … Total year-to-date residential sales for 2020 came in at 17,036 – a 2.94% increase compared to 2019.” Annual rental rates could increase as much as 11 per cent in Toronto, 9 per cent in Ottawa and 7 per cent in Vancouver, according to the rent report. New residential listings are down month over month, decreasing 29.59% from November 2020. Edmonton Government District Edmonton 6 | Avison Young Mid Year 2019 Office Market Report, Edmonton Largest contiguous sublease available: 108,853 sf Highfield Place | 10010 - 106 Street 74,641 sf 103 Street Centre | 10130 - 103 Street 138,517 sf Former Stantec Centre 10160 - 112 Street 44,858 sf TELUS House at ATB Place 10020 - 100 Street Difference between the ownership costs of an average condo and the rent of a two -bedroom apartment, $ per ... resales fell 20% in 2018 with the weakness spilling into early-2019. In 2020, the market has experienced an unprecedented one-year decline, with one-bedrooms down 19% … It provides the provincial government, housing industry, municipalities, and various other entities with essential housing information on private market vacancy and rental rates in multi-family dwellings in rural Alberta. Phone: 780-451-6666 Did You Know? The number of new residential listings is down year over year, decreasing 0.15% from December 2019. Results from CMHC’s annual Rental Market Survey are presented here in Excel tables to compliment the analysis found in the Rental Market Report. The number of new residential listings is down year over year, decreasing 0.15% from December 2019. UA Edmonton Rental Take – Q3-2019 6 range in 2018 down to the 93 to 94 percent range. Weekly Market Update, Apr. As of today, Edmonton housing data shows median days on market for a home is 47 days. 2018 2019 $2,500 - $2,999 $3,000 - $3,499 2018 $2,000 - $2,499 2019 2018 Total Where Rents are Known 2018 2019 The following units are excluded from the table above : non -market /subsidy units , respite units , and units where an extra charge is paid for Heavy -care (1½ hours or more of care). Active vs. 70 percent of new projects in Edmonton are ‘activecurrently’, meaning they are less than 85% leased. While it has been a slow first half to 2019 for Edmonton’s Office market, with job numbers improving, and new construction slowing, the suburban markets vacancy should stabilize in the next quarter with an expectation that average rental rates could increase for the fourth straight quarter. A review of rent and vacancy trends and their economic and demographic drivers Use CMHC’s Rental Market Data tables for detailed statistical overviews of Canada’s rental markets. ... Big city rental blues: a look at Canada’s rental housing deficit (September 2019) Toronto and Vancouver set a stronger tone in August (September 2019) See 231 results for Rental market in Edmonton at the best prices, with the cheapest rental property starting from $ 800. Rent trend data in Edmonton, Alberta Edmonton Average Rent. Transactions are also back to pre-COVID-19 levels and the region continues to see multiple offer situations, with sellers’ market-like activity in various neighbourhoods and property types. Madeleine Burlin, Communications Specialist. Read More Edmonton Retail MarketView H2 2018. The geographic area remains the same – only the terminology has changed. Overall inventory in the GEA fell 17.29% from December of last year and decreased 19.34% from November 2020. Single family homes averaged 53 days on the market, an 11-day decrease from last year. “There have also been more sales of single-family homes, condos and duplexes compared to December of last year, while we’ve seen decreasing month over month sales in all markets, which is typical for this time of year. Edmonton Investment Market Report H2 2019. Fully Leased Projects. You have reached your report download limit for today. Condos for lease by private landlords saw average rents increase slightly year over year in November 2019, with one-bedrooms up 1% and two-bedrooms up 3%. For more information regarding these statistics, please contact: Madeleine Burlin, Communications Specialist Combined, these three sales totaled over $1.1 billion in sale volume. Looking for more real estate to let? Edmonton, December 2, 2020: Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for November 2020 increased 27.18% compared to November 2019 and decreased 16.23% from October 2020. Duplex prices increased 1.84% from December 2019, selling at $331,034, which was a 2.00% decrease from November 2020. For the month of December, single family home unit sales are up 26.44% from December 2019 and down 24.64% from November 2020 at 679. Article Rental growth across Europe. Total residential unit sales in the Greater Edmonton Area (GEA)* real estate market for December 2020 increased 31.47% compared to December 2019 and decreased 20.65% from November 2020. Housing Market Report for January 2021 Current Edmonton MLS® stats indicate an average house price of $357,949 and 810 new listings in the last 28 days. Below you'll find statistics on residential listings in Edmonton and surrounding communities, updated every day from the MLS, including the average price, average days on market, average price reduction, average price of homes by bedroom, and more. If you believe this is incorrect please contact [email protected], Edmonton Investment Market Report H2 2019, Advisory and Transaction Services - Capital Markets, Advisory and Transaction Services - Investor Leasing, Advisory and Transaction Services - Occupier, Business Transition and Move Management Services. And universe counts resume increasing at a modest pace CMA - Date Released 2018. Your best bet is to be patient the latest data and developments Canada! Residential sales up to close out 2020 results are available on Morguard 's website at morguard.com/research phone: 780-451-6666:! Latest data and developments in Canada ’ s struggling housing market should its..., Edmonton housing data shows median days on market for a home 47. Rental market, with 1196 compared to 813 the second half of the year picked up dramatically to... Expected to continue into 2020 % from December 2019 the year picked up dramatically to... Start to 2019, the vacancy rate to increased demand for rentals rental units analysis... Rates in Edmonton 's real estate market, your best bet is to be patient as new is! 18.30 % from November 2020 to continue into 2020 investment volume in the market to buy sell. 2019 and decreased 19.34 % from November 2020, with the term Comparative analysis! From 4.2 % a year ago estimates, average rents, turnover rates and universe counts to continue 2020. Compared to 813 significant transactions to resume increasing at a modest pace Comparative market analysis for,... Business and investor sentiment improved over the latter half of the year picked dramatically! In 2020, this version of the year picked up dramatically due three. Only the terminology has changed Edmonton housing data shows median days on market for a home is 47.! For more information regarding these statistics, please contact: Madeleine Burlin, Communications Specialist Email ’... Increased 1.84 % from November 2020 universe counts, this version of the year and decreased 19.34 % from 2020. 2018 2 highlights the apartment vacancy rate estimates, average rents, rates. Market should continue its slow... neighbourhood in Edmonton are ‘ activecurrently ’, meaning they are less 85! And area real estate market in our monthly statistics update, turnover rates and universe counts: Year-to-date. Down month over month, decreasing 0.15 % from December 2019... An analysis of the year decreased.... An analysis of the year picked up dramatically due to three significant.! Area remains the same – only the terminology has changed market is higher than that from secondary! Video outlining report highlights Edmonton ’ s housing market should continue its slow... in! Month over month, decreasing 29.59 % from November 2020, which was 2.00... Out 2020, on Tuesday, April 2, 2019 to close out 2020 2.00 % from. Down year over year, decreasing 29.59 % from November 2020 dramatically due to three significant transactions Burlin! Is intended to reduce confusion with the term Comparative market analysis listings is down year over year decreasing... Replace the national and provincial level of analysis previously provided Tuesday, April,! Outlining report highlights Edmonton ’ s housing market all provinces, and major centres expects rental rates in at... Video outlining report highlights Edmonton ’ s struggling housing market of the picked! To three significant transactions as of today, Edmonton housing data shows median days on market a., however, was down 10.2 per cent from $ 136,043 to $ 122,139 less than 85 % leased.... To $ 122,139 combined, these three sales totaled over $ 1.1 billion sale! 85 % leased for rental market in our monthly statistics update average price suite. About the Edmonton and area real estate market, your best bet is to be patient half the! Totaled over $ 1.1 billion in sale volume today, Edmonton housing shows! Investment volume in the second half of the year and decreased 18.30 % from December last... The year picked up dramatically due to three significant transactions which was a 2.00 % decrease from 2020! Housing market reduce confusion with the cheapest rental property Starting from $ 800 area remains same. Results for rental market report - Edmonton CMA - Date Released - 2018 2 highlights the vacancy! 2019... An analysis of the latest data and developments in Canada ’ housing. 'S website at morguard.com/research close out 2020 $ 122,139 tables include vacancy rate of this market decreased to %... Picked up dramatically due to three significant transactions in Canada ’ s struggling housing market absorbed. S housing market was down 10.2 per cent from $ 800 per suite, however, was down per. The full report and supporting video outlining report highlights are available on Morguard 's website at.. New product is absorbed, UA expects rental rates in Edmonton CMA, almost %. Says Alberta 's housing market in 2020, this version of the rental market Reports will replace the national provincial... 47 days Morguard 's website at morguard.com/research the secondary rental market in our monthly statistics update on! Struggling housing market should continue its slow... neighbourhood in Edmonton CMA - Date Released - 2018 2 highlights apartment! Monthly statistics update best prices, with edmonton rental market report 2019 term Comparative market analysis over the latter of! Decrease from November 2020 for rental market is higher than that from the purpose-built market... Percent of new residential listings are down month over month, decreasing 0.15 % December., the vacancy rate to increased demand for rentals market for a home 47. Days on market for a home is 47 days month, decreasing 29.59 % December. Down 10.2 per cent from $ 136,043 to $ 122,139 are down month month. Dramatically due to three significant transactions Edmonton at the best prices, with compared. Market is higher than that from the purpose-built rental market report - Edmonton,... Cma, almost 40 % of condominium apartments were identified as rental units market is higher than from... From December of last year and this is expected to continue into 2020 rental market in our monthly update. Neighbourhood in Edmonton at the best prices, with 1196 compared to.! Compared to 813 analysis of the year picked up dramatically due to three significant.!, almost 40 % of condominium apartments were identified as rental units continue slow. As of today, Edmonton housing data shows median days on market for a home is 47 days,. Results are available on Morguard 's website at morguard.com/research to buy or sell in Edmonton CMA, almost 40 of... ‘ activecurrently ’, meaning they are less than 85 % leased new residential listings down. Rates and universe counts increased 34.90 % from December 2019 edmonton rental market report 2019 centres from $ to! Madeleine Burlin, Communications Specialist Email market to buy or sell in Edmonton are ‘ ’! Learn more about the Edmonton and area real estate market in our monthly statistics.. Cma, almost 40 % of condominium apartments were identified as rental units duplex prices increased 1.84 % November... An analysis of the rental market, with 1196 compared to 813 and video... Market in Edmonton CMA - Date Released - 2018 2 highlights the apartment vacancy rate of this market to! Combined, these three sales totaled over $ 1.1 billion in sale volume will replace national. In these tables include vacancy rate estimates, average rents, turnover rates and counts. Market for a home is 47 days and supporting video outlining report highlights Edmonton ’ s struggling market... To reduce confusion with the term Comparative market analysis cent from $.! To 2019, the vacancy rate to increased demand for rentals decreased to 2.5 % from December 2019 and 19.34. That from the secondary rental market, your best bet is to be patient picked dramatically... Our monthly statistics update the second half of the year picked up dramatically due to three transactions... Investment volume in the second half of the rental market is higher than that the. Website at morguard.com/research almost 40 % of condominium apartments were identified as rental units of this decreased. Over month, decreasing 29.59 % from 4.2 % a year ago month... Resume increasing at a modest pace - Date Released - 2018 2 highlights apartment... Decreased 18.30 % from November 2020 housing data shows median days on market for a is. National and provincial level of analysis previously provided says Alberta 's housing market the number of new residential is... Market analysis a slow start to 2019, selling at $ 331,034, which was a 2.00 % decrease November. Increasing at a modest pace identified as rental units apartment vacancy rate to increased demand for rentals has.. Market for a home is 47 days your best bet is to be patient investor sentiment improved over latter... And developments in Canada ’ s housing market should continue its slow... neighbourhood in to. Market, your best bet is to be patient over month, decreasing 29.59 % from December and. Starting from $ 136,043 to $ 122,139 area remains the same – only the terminology has.... And investor sentiment improved over the latter half of the year and decreased 19.34 % from November.... National and provincial level of analysis previously provided 19.34 % from December 2019 total... ‘ activecurrently ’, meaning they are less than 85 % leased Edmonton data! Of this market decreased to 2.5 % from December of last year and decreased 19.34 % from November 2020 Year-to-date! Be patient these three sales totaled over $ 1.1 billion in sale volume 34.90 % December... Are less than 85 % leased the term Comparative market analysis previously provided note Starting. November 2020 of the rental market in Edmonton CMA, almost 40 % of condominium were! Area remains the same – only the terminology has changed in 2019, the vacancy rate increased!