The Alberta population increased by 184,400 for the 12 months ending June 30, 2023. This exceeded the previous record from 2013 which was 106,600.

Alberta continues to lead the country in overall % growth and inter-provincial migration.

 https://www-cbc-ca.cdn.ampproject.org/c/s/www.cbc.ca/amp/1.6979657 

Edmonton has by far the most reasonable housing costs of any major city in Canada and there is considerable activity.

The median price for all homes in September was $370k which is up from $350k in January. Days on market has continued to fall from 66 to 44 over that same period.

There were 2,058 sales in September and a declining number of listings at 6,549. By comparison, the average house price in Vancouver is $1.2 Million. While Vancouver has a much higher population and triple the number of Realtors (nearly 14,000), they actually had fewer sales at only 1,926 while their inventory has increased to 11,382.

Don Patterson, LLB MBA

Managing Partner / Broker

RE/MAX Excellence

It's not just about the cost but the emotions, comfort, and aspirations it holds.

Whether it's a lavish mansion worth a million dollars or a cozy cottage with a $50,000 price tag, the concept of a dream home is unique to each of us.

🌟 Personal Comfort: Your sanctuary where you can be yourself and unwind after a long day.

🏞️ Location and Environment: A serene countryside retreat or a chic urban apartment? It's about the surroundings that resonate with your heart.

📐 Space and Layout: From open spaces for socializing to cozy corners for quiet moments, your home's layout shapes your lifestyle.

🎨 Aesthetics and Style: Express your personality through your home's design – minimalist, rustic, modern, or eclectic.

⚙️ Functionality and Convenience: Smart technology and practical spaces that make life easier.

🏡 Memories and Future Plans: A place where memories are etched, milestones celebrated, and future dreams take shape.

Your dream home is an extension of you, regardless of the price. Whether you're just starting out, moving up, or living the dream, remember, it's not just a house – it's where life unfolds.

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Property taxes are fees levied by local governments on the owners of real estate properties, such as homes, land, and commercial buildings. These taxes are a primary source of revenue for municipalities and are used to fund various public services and infrastructure, including schools, roads, parks, emergency services, and more.

The amount of property tax an owner owes is usually determined by the property's assessed value, which is an estimate of its worth based on factors like location, size, and overall condition. The local government sets a tax rate, often expressed as a percentage of the assessed value, and this rate is applied to the assessed value to calculate the property tax bill.

In Edmonton, you can estimate the property taxes to be between 1+ % of the home's assessed value.

Property taxes are typically paid annually or semi-annually and can vary significantly from one area to another. Property owners need to understand their property tax obligations, as these taxes are an ongoing financial responsibility associated with property ownership.