1. New Home Prices May Go Up
   Builders relying on imported materials (like kitchen cabinets, flooring, plumbing fixtures) may raise prices to offset their costs. This could make brand-new homes more expensive than expected — even in early construction stages.

2. Delays in New Construction
   Some builders may delay new home releases or slow down completions due to higher material costs or supply issues. If you're hoping to move soon, this could affect your plans.

3. Resale Homes May Offer Better Value
   Well-maintained, move-in ready resale homes might become more attractive — offering immediate possession, stable pricing, and no construction headaches.

🧭 What You Should Do as a Buyer

• Get Fully Pre-Approved
  In a shifting market, having strong financing gives you confidence — and negotiating power.

• Compare New Builds vs Resale
  You may be surprised how much more value a resale home offers, especially in established Edmonton neighborhoods like Terwillegar, Windermere, and Riverbend.

• Watch for Well-Maintained Homes
  Properties that don’t require costly upgrades will save you money — especially now, with renovation materials also rising in price.

🤝 How I Help You Make the Right Move

As a local Edmonton REALTOR® with over 17 years of experience, I can:

✔️ Guide you through smart buying decisions
✔️ Provide insider knowledge on builder incentives, price shifts, & timelines
✔️ Recommend trusted home inspectors & mortgage partners
✔️ Show you both new builds and hidden gems in the resale market
✔️ Negotiate to get the best terms for your purchase

Buying a home is one of your biggest investments. Let’s make sure it’s a smart one — even in a changing market.

📲 Reach out today for a personalized home search or buying consultation.
Call/Text 780-953-0723 or visit nooranrealty.com

Steinhauer is a charming, well-established neighborhood in southwest Edmonton, known for its quiet streets, mature trees, and family-friendly atmosphere. Developed primarily in the 1970s, this community offers a blend of convenience, green spaces, and easy access to major amenities, making it an attractive choice for homebuyers.

Location & Accessibility

Steinhauer is situated between 111 Street and Calgary Trail, with 40 Avenue running along its northern boundary. This strategic location offers excellent connectivity to the rest of Edmonton through major roads like Whitemud Drive and Anthony Henday Drive, making commuting a breeze for residents. The nearby Century Park LRT station further enhances accessibility, providing a direct link to downtown Edmonton and beyond.

Shopping & Amenities

One of the biggest draws of Steinhauer is its proximity to Southgate Centre, one of Edmonton’s premier shopping malls, offering a wide variety of retail stores, restaurants, and essential services. Other nearby shopping hubs include South Edmonton Common, which features big-box stores, entertainment options, and dining establishments, as well as local grocery stores and plazas for everyday needs.

For healthcare services, residents have access to several medical clinics in the area, and Grey Nuns Hospital is just a short drive away.

Schools & Education

Steinhauer is an excellent neighborhood for families with school-age children. It is home to Steinhauer School (K-6), a well-regarded elementary school offering a strong academic foundation. Junior high and high school students have easy access to D.S. MacKenzie School and Harry Ainlay High School, one of the top-rated high schools in Edmonton, known for its International Baccalaureate (IB) program.

For post-secondary education, the University of Alberta is just a quick LRT ride away, making the neighborhood a convenient choice for students and faculty alike.

Housing & Real Estate

The real estate landscape in Steinhauer is dominated by single-family homes with spacious lots, many of which have been beautifully maintained or renovated over the years. There are also some townhouses and duplexes, offering more affordable options for first-time homebuyers and investors.

Home prices in Steinhauer generally range from $350,000 to $600,000 for detached homes, while townhouses and duplexes can be found in the $250,000 to $400,000 range. The area remains a sought-after location due to its affordability compared to nearby neighborhoods like Twin Brooks and Blue Quill.

Featured Listing in Steinhauer

Looking for a home in Steinhauer? Check out this stunning property currently available:

🏡 3020 105 Street, Edmonton – A beautifully maintained family home offering spacious living areas, modern upgrades, and a prime location. View Listing

Parks & Recreation

Steinhauer boasts an abundance of green spaces and recreational amenities. Steinhauer Park is a favorite among families, featuring playgrounds, walking trails, and open fields for outdoor activities. Nearby, Derrick Golf and Winter Club offers golf, fitness, and social activities for residents looking for an active lifestyle.

For those who enjoy biking or jogging, the community has easy access to the Blackmud Creek Ravine, a scenic natural area perfect for exploring year-round.

Why Choose Steinhauer?

• Mature neighborhood with tree-lined streets & a strong community feel.

• Great accessibility via major roads & Century Park LRT.

• Proximity to top-rated schools and post-secondary institutions.

• Affordable real estate with well-maintained homes.

• Excellent shopping & amenities just minutes away.

• Parks & recreational opportunities for an active lifestyle.

Steinhauer is a fantastic choice for families, professionals, and retirees looking for a peaceful yet well-connected community. Whether you're buying your first home or seeking a move-up property, this southwest Edmonton neighborhood offers a welcoming environment with plenty of perks.

The Edmonton real estate market is heating up as we move into spring 2025, showing increased activity across all housing types. Residential unit sales in the Greater Edmonton Area (GEA) reached 1,825 in February, reflecting a 14.3% monthly increase from January. This surge signals growing buyer confidence and early spring demand.

"According to the latest report from the REALTORS® Association of Edmonton, the market is showing signs of an early spring surge, with rising prices and increased buyer activity."

Read the full article: REALTORS® Association of Edmonton

Market Trends & Key Stats

• Prices Are Climbing: The average home price in Edmonton is now $449,554, up 10.5% from February 2024 and 2.6% higher than last month. Detached homes average $567,913, an 11.9% year-over-year increase.

• More Listings, But Still Tight Supply: There were 2,723 new listings in February, up 13.2% from January, though inventory remains 13.4% lower than last year.

• Homes Selling Faster: The average days on market dropped to 37 days, 11 days faster than January. Detached homes now sell in just 39 days on average, while townhouses and condos are moving even quicker.

What This Means for Buyers & Sellers

• For Buyers: The market is becoming more competitive, and prices are expected to rise further as we head into spring. If you're house hunting, being prepared to act quickly on well-priced properties is key.

• For Sellers: With increasing demand and lower inventory compared to last year, now is a strong time to list your home. The right pricing and marketing strategy can help you capitalize on current conditions.

Looking Ahead

According to the REALTORS® Association of Edmonton, the early momentum in 2025 suggests a busy spring market with rising home values. Buyers should be ready to move fast, while sellers can take advantage of the growing demand.

Thinking about buying or selling in Edmonton? Let’s connect to discuss how you can make the most of this evolving market.

Contact

📞 780-953-0723
🌐 realtyedmonton.ca | nooranrealty.com

Source: REALTORS® Association of Edmonton

Selling your home quickly in Edmonton’s 2025 market requires a combination of strategic pricing, high-quality marketing, and the right real estate expertise. With increasing competition and evolving buyer expectations, here’s what you need to do to ensure a fast and successful home sale.

1. Price It Right from the Start

• Overpricing can cause delays, while underpricing leaves money on the table. Use market data to set a competitive price.

• Work with a knowledgeable real estate agent to analyze recent comparable sales in your neighborhood.

• Consider pricing just below key psychological price points to attract more buyers (e.g., $499,900 instead of $505,000).

2. Enhance Curb Appeal and First Impressions

• The exterior of your home is the first thing buyers see. Invest in landscaping, fresh paint, and a well-maintained entryway.

• Power wash driveways, clean gutters, and replace old house numbers or light fixtures.

• Consider seasonal decor to create a welcoming atmosphere.

3. Stage Your Home for Maximum Appeal

• Declutter and depersonalize to help buyers visualize themselves in the space.

• Professionally stage key areas like the living room, kitchen, and primary bedroom.

• Use neutral colors and minimal decor to make the home feel fresh and spacious.

4. High-Quality Photography and Video Marketing

• Professional photos and videos are essential in today’s digital-first market.

• Include drone footage for a comprehensive view of the property and neighborhood.

• Virtual tours and 3D walkthroughs can attract remote buyers.

5. Leverage Social Media and Online Listings

• Maximize exposure by listing your property on Realtor.ca, Zillow, and other top platforms.

• Utilize social media marketing, including targeted Facebook and Instagram ads.

• Share high-quality listing videos and behind-the-scenes tours on YouTube and TikTok.

6. Flexible Showings and Open Houses

• The more accessible your home is, the faster it will sell. Offer flexible viewing hours.

• Consider hosting twilight open houses for a different buyer experience.

• Have your home ready for last-minute showings by keeping it clean and staged at all times.

7. Make Necessary Repairs and Upgrades

• Address minor issues like leaky faucets, chipped paint, or outdated fixtures before listing.

• Focus on cost-effective updates like new cabinet handles, light fixtures, and modern paint colors.

• Ensure HVAC, plumbing, and electrical systems are in good condition to avoid deal-breaking inspection issues.

8. Offer Incentives to Buyers

• Consider covering closing costs or offering a home warranty to attract more buyers.

• Flexible possession dates can make your home more appealing to different buyers.

• If the market allows, pre-listing home inspections can give buyers added confidence.

9. Work with an Experienced Edmonton Realtor

• A skilled agent understands local market trends and negotiation tactics to secure the best deal.

• Look for a Realtor with a strong marketing strategy, extensive buyer network, and proven sales record.

• Partner with an agent who uses innovative tools, such as AI-powered market analysis and digital advertising.

10. Act Fast in a Competitive Market

• In 2025, the Edmonton real estate market will be dynamic, requiring quick decision-making.

• Be prepared to adjust pricing or marketing strategies based on feedback and demand.

• Stay informed about market shifts and buyer trends to ensure a competitive edge.

By following these steps, you’ll position your Edmonton home for a fast and successful sale, maximizing its value while minimizing time on the market. Need expert guidance? Contact Nooran Ostadeian, your trusted Edmonton real estate professional, at 780-953-0723 or visit realtyedmonton.ca.

Selling a home in Edmonton, how to sell fast, Edmonton real estate tips, home staging, real estate marketing strategies.

The Edmonton real estate market is constantly evolving, and February 2025 is no exception. Whether you’re a homebuyer, seller, or investor, understanding the latest trends can help you make informed decisions.

1. Home Prices & Sales Activity

Single-family homes saw a moderate price increase due to strong demand in desirable neighborhoods like Windermere, Terwillegar, and the University area.

Condo sales remain stable, with affordable options attracting first-time buyers.

Inventory levels are slightly higher than last month, giving buyers more choices.

2. Interest Rates & Market Impact

With mortgage rates hovering around 5-6%, affordability remains a key factor.

Buyers are more strategic, focusing on move-in-ready homes and competitive pricing.

3. Seller & Buyer Tips

Sellers: Invest in staging, professional photography, and strategic pricing to stand out.

Buyers: Be prepared with pre-approval and move quickly on well-priced homes.

Final Thoughts

The Edmonton housing market remains strong, with great opportunities for both buyers and sellers. If you're considering a move, having an experienced agent by your side makes all the difference.

Contact Nooran Ostadeian today for expert advice and personalized real estate solutions.

Keywords: Edmonton real estate market update, home prices in Edmonton, real estate trends 2025, buying a home in Edmonton, selling a home in Edmonton.

Market Statistics – December 2024

As we wrap up 2024, Edmonton's real estate market continues to favor sellers, with low inventory levels playing a major role. The latest statistics from the Greater Edmonton Area (GEA) reveal key insights into December’s housing market trends, showcasing increased demand and rising prices compared to last year.

Residential Sales Snapshot

In December 2024, 1,428 residential properties were sold across the GEA—a seasonal decline of 25.4% from November, yet a remarkable 17.2% higher than December 2023.

• Detached Homes: 826 units sold, down 27.2% month-over-month, but up 18.8% year-over-year.

• Semi-Detached Homes: 165 units sold, a 15.8% monthly decrease, but a 18.7% annual increase.

• Row/Townhouses: Sales dipped 22.9% month-over-month, but were 13.1% higher than last year.

• Apartment Condominiums: Sales were down 27.1% from November, but still 15.1% higher year-over-year.

Low Inventory Challenges

New residential listings dropped to 1,367, a sharp 33.3% decrease from November and 7.3% lower than last December. This decline contributed to an overall inventory drop of 22.5% month-over-month and 24.6% year-over-year, emphasizing the seller’s market conditions.

Rising Home Prices

Despite fewer sales, average home prices in the GEA remain strong:

• Overall Residential Average Price: $435,549, unchanged from November but up 12.2% year-over-year.

• Detached Homes: $540,232, steady from November and 10.6% higher than last year.

• Semi-Detached Homes: $408,823, a 1.6% monthly increase and 12.3% annual growth.

• Row/Townhouses: $292,640, up 1.4% from November and 12.3% year-over-year.

• Apartment Condominiums: $203,920, rising 1.8% month-over-month and 19.8% annually.

The MLS® Home Price Index (HPI) composite benchmark price climbed to $403,900, reflecting a 0.4% monthly increase and a 7.8% annual rise.

Days on Market

Homes took slightly longer to sell in December, with the average days on market increasing to 44, up four days from November. However, properties are still selling faster compared to December 2023, with an overall eight-day decrease year-over-year.

• Detached Homes: 44 days (up 3 days from November).

• Semi-Detached Homes: 33 days (up 1 day).

• Row/Townhouses: 38 days (up 2 days).

• Apartment Condominiums: 57 days (up 9 days).

Looking Ahead to 2025

“The typical seasonal slowdown is reflected in December’s numbers,” says Melanie Boles, 2024 Board Chair of the REALTORS® Association of Edmonton. “However, the year-over-year growth in sales and prices highlights the resilience of Edmonton’s real estate market. We’re optimistic about the opportunities ahead in 2025.”

Source: Realtors Association of Alberta 

What This Means for Buyers and Sellers

If you’re thinking about selling, the continued demand and low inventory levels present a golden opportunity. For buyers, acting quickly and staying informed is key in this competitive market.

Stay ahead of Edmonton’s real estate trends by working with a trusted professional. Contact Nooran Ostadeian at nooranrealty.com or call/text 780-953-0723 for expert advice tailored to your needs.

Housing and Interest Rate Forecasts for 2025

As we reflect on 2024, Canada’s housing and mortgage markets demonstrated resilience amidst a challenging economic environment. The Bank of Canada’s pivot to interest rate cuts after two years of hikes provided much-needed relief to borrowers, stabilizing the housing market with moderate gains in home sales and prices across the country.

However, recovery was uneven, with many mortgage holders still grappling with elevated borrowing costs and persistent challenges in housing supply. As we look ahead to 2025, optimism is tempered with caution. Here’s what leading economists and analysts predict for Canada’s housing market and interest rates:

Real Estate Market Outlook

Canadian Real Estate Association (CREA)

• Home Sales Forecast: 499,816 (+6.6% year-over-year)

• Home Price Forecast: $713,375 (+4.4%)

• Commentary: CREA anticipates a gradual improvement in home sales, with a sharper rebound in spring 2025. While the market may remain stable in early 2025, momentum is expected to strengthen by mid-year.

• Source

Royal LePage

• Q4 2025 Home Price Forecast: $856,692 (+6% year-over-year)

• Commentary: A backlog of eager buyers, coupled with changes in mortgage lending rules, will drive demand. The Bank of Canada’s recent rate cuts are expected to boost buyer confidence, with significant activity forecast for late 2025.

• Source

Re/Max

• National Average Price Increase: +5% year-over-year

• Commentary: Re/Max predicts a more active housing market in 2025, with sales increasing in most regions surveyed. Average residential prices are expected to rise, bolstered by easing interest rates.

• Source

RBC Economics

• Home Resales Forecast: 518,400 (+12.5% year-over-year)

• Home Price Forecast by Q4: $809,900 (+1.6%)

• Commentary: RBC expects gradual price appreciation as affordability improves. Further rate cuts are anticipated to encourage buyers sidelined by higher costs.

• Source

TD Economics

• Home Sales Growth: +15.8%

• Home Price Growth: +8%

• Commentary: Falling borrowing costs and sustained economic growth are expected to propel the market forward. Changes to mortgage rules implemented in late 2024 will further enhance demand.

• Source

Interest Rate Forecasts

The Bank of Canada’s rate cuts in 2024, totaling 175 basis points, set the stage for continued easing in 2025. Economists predict a cautious approach, with the overnight rate likely falling to between 2.00% and 3.00% by mid-2025, depending on inflation and economic performance.

Fixed Mortgage Rates

Bond yields, which heavily influence fixed mortgage rates, are expected to remain steady, hovering around 3.00%. This stability will likely provide predictability for fixed-rate mortgage borrowers.

Variable Mortgage Rates

Variable-rate loans should see further reductions as the central bank continues to ease monetary policy. Borrowers can expect incremental relief throughout 2025.

Key Takeaways

1. Modest Market Growth: Housing sales and prices are forecast to increase, driven by improved borrowing conditions and renewed buyer confidence.

2. Rate Relief: Continued rate cuts will offer relief, but affordability challenges remain, particularly in high-demand urban markets.

3. Policy Impacts: Changes to mortgage lending rules are expected to enhance affordability and stimulate demand.

Here are the latest interest rate and bond yield forecasts from the Big 6 banks, with any changes from their previous forecasts in parenthesis:

While 2025 holds promise for Canada’s housing market, ongoing supply constraints and affordability issues will remain focal points for policymakers, buyers, and sellers alike. As the market evolves, staying informed will be key to navigating opportunities and challenges in the year ahead.

Conclusion

The Canadian housing market in 2025 offers a cautiously optimistic outlook, with growth anticipated in sales and home prices driven by lower interest rates and renewed buyer confidence. However, affordability and supply constraints will continue to shape market dynamics. As your trusted real estate professional, I am here to provide insights and guidance tailored to your needs. For personalized advice and expert market knowledge in Edmonton’s real estate landscape, contact Nooran Ostadeian at RE/MAX Elite.

📞 Call/Text: 780-953-0723
🌐 Visit: realtyedmonton.ca | nooranrealty.com
📍 Office: 5083 Windermere Boulevard SW #302, Edmonton, AB T6W 0J5

December 03, 2024 MARKET STATISTICS

Edmonton, December 3, 2024: The Greater Edmonton Area (GEA) real estate market experienced a seasonal slowdown in November 2024, with 1,920 residential unit sales recorded—a 22.8% decrease from October 2024 but 18.4% higher than November 2023.

New residential listings totaled 2,114, marking a 27.9% drop from October but a slight 1.4% increase compared to last year. Inventory levels also decreased, down 12.1% month-over-month and 17.3% year-over-year, reflecting tighter market conditions.

Sales Breakdown by Property Type

• Detached Homes: 1,138 sales, a 20.5% decrease from October but 23.6% higher than November 2023.

• Semi-Detached: Sales dropped 27.8% month-over-month but remained 18.0% higher than last year.

• Row/Townhouses: Sales declined 23.2% from October yet increased 18.0% year-over-year.

• Apartment Condominiums: Sales slowed 27.3% month-over-month but stayed 3.1% higher year-over-year.

Average Prices

• Overall Residential Average: $436,401, down 0.9% from October but up 14.7% year-over-year.

• Detached Homes: $540,320, a 2.3% decrease month-over-month but 12.8% higher than November 2023.

• Semi-Detached Homes: $411,469, up 1.1% from October and 13.3% higher year-over-year.

• Row/Townhouses: $288,176, a 6.4% drop month-over-month but 6.0% higher than last year.

• Apartment Condominiums: $200,266, up 4.5% from October and 17.0% higher than November 2023.

The MLS® Home Price Index (HPI) composite benchmark price came in at $402,100, reflecting a small 0.3% month-over-month decrease and a 7.9% increase compared to last year.

Days on Market

The average days on market increased slightly across all property types:

• Detached Homes: 41 days (+3 days).

• Semi-Detached: 32 days (+3 days).

• Row/Townhouses: 37 days (+2 days).

• Apartment Condominiums: 48 days (+3 days).
  Overall, residential listings averaged 41 days on the market, up four days month-over-month but down five days year-over-year.

REALTORS® Association of Edmonton Board Chair Melanie Boles commented, “The numbers reflect that the housing market is ready for its winter break while buyers and sellers focus on the holidays. With early whispers of a busy spring market in 2025, now is the time for savvy property owners and investors to engage a REALTOR® and start making plans for the year ahead.”

As the year winds down, the market remains stable, with encouraging year-over-year growth and balanced conditions as we head into the new year.

As a top-awarded Edmonton realtor passionate about helping homeowners maximize their property investments, I’m excited to share game-changing news for Canadian homeowners. Starting January 15, 2025, new mortgage insurance rule changes will make it easier to add secondary suites to your property. These changes, announced by the Department of Finance Canada, offer incredible opportunities to increase home value, generate rental income, and enhance housing options for the community.

What Are the New Rules?

The federal government’s updated mortgage insurance rules are designed to encourage densification and empower homeowners to convert underutilized spaces into legal rental units. This could mean transforming your basement, converting your garage into a laneway home, or adding a new self-contained suite—all while easing the financial burden with insured refinancing.

Key Parameters for Homeowners:

Here’s what you need to know about qualifying for this new insured mortgage refinancing program:

1. Eligible Borrowers:

   • Must already own the property.

   • Must occupy one of the current units or have a close relative living there.

   • Must plan to build fully self-contained units (e.g., basement suites with separate entrances or laneway homes).

2. Restrictions on Use:

   • New units cannot be used as short-term rentals; they must serve as long-term housing solutions.

3. Property and Loan Guidelines:

   • Maximum property value, after improvements, must be under $2 million.

   • Loan-to-value ratio can be up to 90% of the property’s improved value.

   • Financing cannot exceed project costs.

   • Maximum amortization is 30 years.

4. Effective Date:

   • These rules apply to applications submitted to mortgage insurers on or after January 15, 2025.

Why Does This Matter for Edmonton Homeowners?

Edmonton, with its growing population and need for more housing options, is an ideal city to take advantage of these changes. Adding a secondary suite to your property can:

• Boost Property Value: Converting underutilized spaces into rentable units significantly increases your home’s market value.

• Generate Rental Income: Create a steady income stream by renting out your new suite.

• Support Aging in Place: For seniors, secondary suites provide a source of income while allowing them to stay in their homes.

• Increase Housing Options: Help address the housing shortage in Edmonton by providing affordable rental units.

How Can I Help?

As a trusted Edmonton real estate expert, I’m here to guide you through the opportunities these new rules provide. Whether you’re considering a secondary suite to maximize your property’s potential or looking for a home with multi-unit options, I’m ready to assist you every step of the way.

Plan Ahead for January 15, 2025

With these new rules taking effect soon, now is the perfect time to explore your options. Get in touch with me to learn how you can:

• Evaluate the feasibility of adding a secondary suite to your home.

• Navigate the municipal zoning requirements.

• Maximize your refinancing options under these new rules.

Make Your Home Work Harder for You

Don’t miss out on this unique opportunity to unlock the full potential of your home. Contact me today for personalized advice on leveraging these new mortgage insurance rules to enhance your property’s value and income potential.

Together, we can transform your property into a powerful investment for the future.

Edmonton Real Estate Market Update: November 20–26, 2024

The latest data from the REALTORS® Association of Edmonton provides valuable insights into the city's real estate market activity over the past week. Here's a snapshot of the trends:

1. Unit Sales: There were 479 residential unit sales, reflecting a 9% increase compared to the previous week. This uptick indicates strong buyer activity, possibly driven by favorable market conditions or seasonal demand.

2. New Listings: New residential listings totaled 466, marking a 7% decrease from the prior week. This decline could suggest a tightening inventory, which may lead to increased competition among buyers.

3. Average Price: The average residential price rose to $429,000, a 1% increase from last week. This consistent growth highlights a steady demand for homes in Edmonton.

4. Median Price: The median price sits at $410,000, representing a 2% decline compared to the previous week. This slight drop might indicate a shift in buyer preferences toward more affordable properties or a balanced correction in the market.

Key Takeaways:

• The Edmonton market continues to show resilience with increasing unit sales and stable pricing.

• The decrease in new listings may lead to a competitive environment for buyers in the coming weeks.

• A slight decline in median prices suggests opportunities for buyers seeking affordable homes.

Overall, these trends reflect a robust market with opportunities for both buyers and sellers. If you're considering entering the Edmonton real estate market, now might be the right time to act! For personalized advice, reach out to your trusted REALTOR®.