I had been meaning to do this one for awhile, but never got around to doing all the number crunching… hopefully you guys will find this entry interesting, cause it took a fair bit of work. Read moreA Tale of Two CitiesEdmonton Historical PricesAs you have likely deduced, that isContinue Reading

The EREB announced their monthly tallies for February today, after a little bounce last month prices again took a tumble. The big stories would probably be the divergence of condo and townhome prices. Condos had actually defied gravity for a couple months, took a huge fall of 4.9% from January. They are alsoContinue Reading

Some days the mind wanders… you ponder such things as, if the Canwest media outlets pumped their own stock as much as they did real estate maybe their shares wouldn’t be trading at three for a dollar four for a dollar. Read moreMore Odds and EndsOkay, that was a low blow… butContinue Reading

Seems we have a fair number of readers on Twitter that are linking to us, so I figured I’d give you all another way to follow the blog. http://twitter.com/edmontonbust I’m thinking of using it to link to various news stories and other blogs of interest that I might not getContinue Reading

The CMHC pumped out their latest forecast this past week. Cutting through the b.s. and bravado, here’s the pertinent Edmonton prognostications, tabular form for your viewing pleasure. 2008 2009 Projected 2010 Actual Forecast +/- % Forecast——————————————————Price $332,852 $315,000 -5.4% $325,000——————————————————Sales 17,369 16,000 -7.9% 17,000——————————————————Vacancy 2.4% 3.5% +0.9%——————————————————Avg Rent $1,034 $1,070 +3.5%—————————————————— AContinue Reading

Don’t really feel like running numbers today, and there were a lot of housing relevant stories coming out this week, so we’ll look at those. Mike Fotiou wrote up an interesting piece on the CREA forecast for 2009, and their past fortunetelling exploits. Their predictions for Alberta are not going to make sellers anyContinue Reading

When I first started looking at the litany of stats released every month by the various outlets, it was kind of overwhelming. There are dozens of different measures, examining things from just as many angles. Even with my background in accounting and statistics, it was kind of wild. But asContinue Reading

It seems a lot of realtor blogs out there like to label anyone that doesn’t encourage everyone to run out and buy a house as purveyors of “Doom and Gloom.” Seemingly we are advising everyone to just give up, stock up on ammo, and start working on recipes for rockContinue Reading