Again I apologize for the lack of updates, but as I’ve said, I am swamped with actual work, so blogging has taken a back seat… and unfortunately there is no end in sight just yet, so, it is what it is. I seem to be getting a lot of e-mailContinue Reading
Sorry I couldn’t get to this sooner, but June has been a busy month for me. Kind of doubting I’ll be able to get in as many posts as I would like this month, so instead of posting tripe, I’ll try to focus on quality instead of quantity. After readingContinue Reading
Obviously there are no lack of indicators and ratios out there, we’ve looked at several here over the months. Some in my opinion are fairly useful, like absorption rate… others I feel are as useless as tits on a bull, like sales to new listings. In any case, today we’llContinue 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
I thought I’d take a quick look at another part of the housing market that I haven’t really discussed as of yet, and examine what’s happened to the rental market in Edmonton in the last few years. Much like the rest of real estate in the city, the rental marketContinue Reading