You’re keeping an eye on…. the best Edmonton real estate market.

Best Edmonton real estate market

I’m sure you’re keeping an eye winkon the best Edmonton Real Estate Market. It could be you’re hoping to break into the market and buy your first home… or maybe you’re thinking about selling your own house and making that upsize you’ve been waiting for.

Whoever you are, I would bet that you’re not feeling Edmonton is the best Real Estate market!

After the last round of interest rate hikes, a lot of buyers in Edmonton are feeling the pressure and might be looking at a lower pre-approval limit. Many potential clients I’ve spoken with are deciding to sit on the sidelines, not sure if housing prices are going to decline even further from their current level.

Is this the right time to buy a house?

Home will be the single largest purchase most people will make in their entire lives, and it’s a big decision. However, based on my time in real estate dealing with buyers, there’s a right way and a wrong way to try to make the decision. You have to ask, is this the best Edmonton real estate market?

If you find that you’re truly interested and motivated to buy at the current moment, coolI would say go and do it!cool

If you have the resources, you should make a plan to buy a house sooner rather than later. On the other hand, if you don’t feel that sense of motivation or don’t quite have all of your financial ducks in a row, it’s better to properly prepare before you buy.  You can wait for your vision of the best Edmonton real estate market.

BUT, don’t try to time the market!

Besides, there are actually a lot of indicators that spring 2023 is actually a great time to buy! For one thing, even if interest rates have been raised, they aren’t historically high and the Bank of Canada could hold off more major rate increases in the near future.

Even though Canada’s real estate market is looking gloomy overall, Edmonton’s is a little different.

 

Housing prices haven’t dropped as in other markets like Toronto or Vancouver, and BMO just released a report identifying Edmonton as one of the only undervalued markets in Canada!

All in all, I would definitely recommend any motivated buyer with the resources to enter the market. I’d love to have a chat with you today and get your house search started.

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