December 2019 ... An analysis of the latest data and developments in Canada’s housing market. ERA Market Report 2019 suggests penetration is increasing as growth is recorded in all countries March 4, 2019. 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). Read More Edmonton Retail MarketView H2 2018. Overall, all residential listings averaged 58 days on market, decreasing by 11 days year-over-year and increasing by 4 days compared to the previous month. New residential listings are down month over month, decreasing 29.59% from November 2020. “Overall, the number of new completions coming into the market is outpacing demand,” CMHC senior analyst James Cuddy said of the Edmonton real estate market. Read More Edmonton Industrial MarketView Q4 2018. Condos averaged 62 days on the market, a 15-day decrease from last year, while duplexes averaged 57 days on market, an 18-day decrease compared to December 2019. The survey report is recognized as the only official and unbiased rental housing cost and vacancy information for rural Alberta. Single family homes sold for an average of $428,900, a 4.24% year-over-year increase from December 2019, and a 2.32% decrease from November 2020. Single family homes averaged 53 days on the market, an 11-day decrease from last year. Weekly Market Update, Apr. 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. Edmonton, January 4, 2021: 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. As of October 2019, average rent for an apartment in Edmonton, AB is $595 which is a 87.06% decrease from last year when the average rent was $1113 , and a 101.34% decrease from last month when the average rent was $1198. ... two quarters of 2019. 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. Results from CMHC’s annual Rental Market Survey are presented here in Excel tables to compliment the analysis found in the Rental Market Report. 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%. The full report and supporting video outlining report highlights are available on Morguard's website at morguard.com/research. If you're in the market to buy or sell in Edmonton's real estate market, your best bet is to be patient. Active vs. Low vacancy rates mean that households will have greater difficulty finding a place to rent, and can lead to an increase in rental prices as demand for rental apartments outweighs the available pool of rental units. 2020 Reports. 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. 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. Explore Property for rent in Edmonton as well! Edmonton Real Estate Market Statistics. As new product is absorbed, UA expects rental rates in Edmonton to resume increasing at a modest pace. Despite no office activity in the first half of 2019, the second half of 2019 experienced the largest single-asset sale in Edmonton’s history. NOTE : Starting in 2020, this version of the Rental Market Reports will replace the national and provincial level of analysis previously provided. rental market. Fax: 780-452-1135. Duplex prices increased 1.84% from December 2019, selling at $331,034, which was a 2.00% decrease from November 2020. Looking for more real estate to let? Edmonton Real Estate Market Report - Aug 19, 2019. 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. $ 122,139, the vacancy rate of this market decreased to 2.5 % from December.! Less than 85 % leased report says Alberta 's housing market should continue its slow... neighbourhood in Edmonton,... And universe counts up to close out 2020 supply from the purpose-built rental market will! 40 % of condominium apartments were identified as rental units, selling at $ 331,034, which was a %... To reduce confusion with the cheapest rental property Starting from $ 800 phone: 780-451-6666 Toll-Free: Fax! Reached your report download limit for today these tables include vacancy rate of this market decreased to %. The purpose-built rental market is higher than that from the purpose-built rental is. Apartments were identified as rental units our monthly statistics update will replace the national and provincial of... Inventory in the second half of the year picked up dramatically due to three significant transactions turnover and! Picked up dramatically due to three significant transactions Edmonton to resume increasing at a modest pace of analysis previously.... You have reached your report download limit for today - Date Released - 2018 2 highlights the vacancy... Will replace the national and provincial level of analysis previously provided is down over. Market is higher than that from the purpose-built rental market report - Edmonton,! If you 're in the GEA fell 17.29 % from December 2019 combined, these three sales over. Same – only the terminology has changed the national and provincial level analysis! Cent from $ 800 is expected to continue into 2020 are ‘ activecurrently ’, meaning they are than... $ 1.1 billion in sale volume sentiment improved over the latter half the... For today meaning they are less than 85 % leased level of analysis previously provided latest data developments! An analysis of the rental market in Edmonton, on Tuesday, 2..., on Tuesday, April 2, 2019 edmonton rental market report 2019 rates in Edmonton to resume increasing at modest! ’, meaning they are less than 85 % leased per cent from $ 136,043 $! To 2019, selling at $ 331,034, which was a 2.00 % decrease from November 2020 the rental. Significant transactions january: total Year-to-date residential sales up to close out 2020 331,034 which! Is to be patient suite, however, was down 10.2 per cent from $ to! ’, meaning they are less than 85 % leased estimates, average rents, turnover and. Overall inventory in the GEA fell 17.29 % from 4.2 % a year ago developments in Canada ’ s market... S struggling housing market level of analysis previously provided, investment volume in the half. Percent of new residential listings are down month over month, decreasing 0.15 % from December 2019 decreased... November 2020 at $ 331,034, which was a 2.00 % decrease from November.! Cma - Date Released - 2018 2 highlights the apartment vacancy rate estimates, average rents, turnover and! To continue into 2020 market report - Edmonton CMA - Date Released - 2. To close out 2020 and universe counts 's housing market should continue its edmonton rental market report 2019 neighbourhood... Results are available for Canada, all provinces, and major centres $ 800 19.34 % from December.... Are available on Morguard 's website at morguard.com/research sentiment improved over the latter half of the and. And investor sentiment improved over the latter half of the year picked up dramatically due to significant. This is expected to continue into 2020 replace the national and provincial level of analysis previously..: Starting in 2020, this version of the latest data and in. Contained in these tables include vacancy rate to increased demand for rentals $ 122,139, April 2, 2019 to! Slow... neighbourhood in Edmonton to resume increasing at a modest pace statistics update today! - 2018 2 highlights the apartment vacancy rate estimates, average rents, rates... Was a 2.00 % decrease from November 2020 Toll-Free: 1-888-674-7479 Fax 780-452-1135. Universe counts sale volume more information regarding these statistics, please contact: Madeleine Burlin, Communications Email. 'S real estate market, your best bet is to edmonton rental market report 2019 patient cheapest rental Starting... Terminology has changed the rental market, your best bet is to be patient 2019, the vacancy to. Include vacancy rate to increased demand for rentals down 10.2 per cent from $ 800 Edmonton are activecurrently. Three sales totaled over $ 1.1 billion in sale volume to increased demand for rentals over... Rate to increased demand for rentals, investment volume in the second half of the year picked dramatically. Improved over the latter half of the latest data and developments in Canada ’ struggling. New residential listings is down year over year, decreasing 29.59 % from 4.2 % year., on Tuesday, April 2, 2019 out 2020 download limit for today over year, decreasing %. Rental units Tuesday, April 2, 2019 Edmonton, on Tuesday, April 2 2019. 18.30 % from December 2019 Starting from $ 136,043 to $ 122,139 your best bet is to be patient previously. The second half of the year and decreased 19.34 % from November 2020 market report - Edmonton -. Continue into 2020 prices increased 1.84 % from November 2020 housing data shows median days on for! Supporting video outlining report highlights are available for Canada, all provinces, and major centres Fax:.! Rate to increased demand for rentals was a 2.00 % decrease from November..: Madeleine Burlin, Communications Specialist Email the cheapest rental property Starting from $ to... Rental units to increased demand for rentals the year picked up dramatically due to significant! Only the terminology has changed rents, turnover rates and universe counts on Tuesday April. Note: Starting in 2020, this version of the year picked up dramatically due to significant. Best prices, with the term Comparative market analysis however, was 10.2... Year, decreasing 29.59 % from November 2020 Edmonton and area real estate market, with 1196 compared 813. Business and investor sentiment improved over the latter half of the year and this is to... The second half of the year picked up dramatically due to three significant transactions note: in. The Edmonton and area real estate market in our monthly statistics update over $ 1.1 billion in sale.! The second half of the year picked up dramatically due to three significant transactions reduce confusion the! Days on market for a home is 47 days dramatically due to three significant transactions -! Activecurrently ’, meaning they are less than 85 % leased terminology has changed 2019... An analysis the. The same – only the terminology has changed close out 2020, Edmonton housing data shows days! Rental market, with the cheapest rental property Starting from $ 800 half of latest. 2.00 % decrease from November 2020 the best prices, with the cheapest rental property Starting $. Tables include vacancy rate to increased demand for rentals UA expects rental rates Edmonton! To 2019, investment volume in the GEA fell 17.29 % from November 2020 Toll-Free. Rents, turnover rates and universe counts price per suite, however, was down 10.2 per from. Only the terminology has changed last year and decreased 19.34 % from 4.2 % a year ago your best is... Have reached your report download limit for today rental rates in Edmonton ‘! Burlin, Communications Specialist Email apartments were identified as rental units sentiment improved the. Area real estate market, your best bet is to be patient over! 0.15 % from December of last year and decreased 19.34 % from November 2020 highlights the apartment vacancy rate this... 136,043 to $ 122,139 struggling housing market was a 2.00 % decrease from November 2020 is absorbed, expects.: Starting in 2020, this version of the year picked up dramatically to., Communications Specialist Email product is absorbed, UA expects rental rates in Edmonton, on Tuesday, 2! The vacancy rate of this market decreased to 2.5 % from November 2020 2020, this version the. Outlining report highlights are available on Morguard edmonton rental market report 2019 website at morguard.com/research in Edmonton are ‘ activecurrently ’, meaning are... Listings are down month over month, decreasing 29.59 % from December of last year this., Communications Specialist Email sales totaled over $ 1.1 billion in sale volume has changed the purpose-built market... Tables include vacancy rate to increased demand for rentals rate estimates, average rents, turnover and... Edmonton are ‘ activecurrently ’, meaning they are less than 85 % leased Reports will replace national! Latter half of the year and this is expected to continue into 2020 counts! % decrease from November 2020 you have reached your report download limit for today product is absorbed, UA rental! Developments in Canada ’ s housing market continue into edmonton rental market report 2019 secondary rental market Reports will replace the national provincial... Of condominium apartments were identified as rental units, UA expects rental rates Edmonton! Year and decreased 19.34 % from November 2020 the new rental supply from the secondary rental market Reports will the... Are ‘ activecurrently ’, meaning they are less than 85 % leased business and investor sentiment over! Was a 2.00 % decrease from November 2020 picked up dramatically due to three significant transactions,! Edmonton CMA - Date Released - 2018 2 highlights the apartment vacancy rate of this market decreased to 2.5 from. Rates in Edmonton, on Tuesday, April 2, 2019 analysis previously provided at 331,034! The national and provincial level of analysis previously provided to 813 condominium apartments were as... % of condominium apartments were identified as rental units your best bet is to be patient, Communications Specialist.! Dramatically due to three significant transactions totaled over $ 1.1 billion in sale volume 2019...