Fourth Quarter Market Report for 2021 - Edmonton House Prices
New home builders in the month of November had one of thier best months for selling single family detached houses. Many of these builders were adding legal basement suites which made it more feasable for first time buyers. CMHC reported 838 completed and unoccupied single and semi-detached units (including show homes) in the Edmonton area in November, up from 825 in the previous month.
There were a total of 4625 properties sold in Edmonton including 1288 houses & duplexes and 3337 condominums. One of the reasons condominium sales may have been high is that during the third quarter, the total net migration into Alberta amounted to 16,690 persons. The last quarter of 2021, the real estate market was very active and was a great time to be selling condominiums in Edmonton and houses in Beaumont Alberta.