Glory Ugochukwu-ochiobi

Canadians Household Net Worth Increases 3.3% Driven by Equity and Housing Markets
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Canadians Household Net Worth Increases 3.3% Driven by Equity and Housing Markets Canadian household net worth rose by 3.3% in Q1 2024, largely due to equity and housing markets. Residential real estate values increased by 2.6%, and sales activity surged by 16%. Over 90% of net worth is held by homeowners. However, mortgage interest payments have doubled to $25 billion, affecting...

Will recent interest rate cut be the spark the Canadian housing market needs?
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Will recent interest rate cut be the spark the Canadian housing market needs? New stats from CREA show a slight decline in Canadian home sales in May 2024, with prices down 0.2% from April. The recent interest rate cut by the Bank of Canada may boost the housing market, but economists like Robert Hogue are less optimistic, believing more cuts are needed to stimulate demand. C...

Edmonton's plan to stop sprawl faces pushback from developers
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Edmonton's plan to stop sprawl faces pushback from developers Developers in Edmonton are opposing a city proposal to halt planning on the city's outskirts to manage urban sprawl. The city's plan aims to complete infrastructure in developing areas before expanding, amid concerns about housing affordability and population growth. While some believe the plan can....

Find out if it's time to sell your home
How much is your home worth? Type your property address and get a quick home estimate.

Home Evaluation Estimate How much is your home worth? Type your property address and get a quick home estimate.

Edmonton tied for 5th most affordable city for housing in world, Toronto, Vancouver, among least
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Edmonton tied for 5th most affordable city for housing in world, Toronto, Vancouver, among least Edmonton is ranked as the fifth most affordable city globally in the annual Demographia International Housing Affordability Report. The report analyzes 94 major markets in eight countries based on a median price-to-income ratio. The affordability crisis is attributed to escalating housing costs due....

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Have questions about real estate but not sure where to start?

Ask Me Anything Have questions about real estate but not sure where to start?

Rent in Edmonton increases 16% annually, higher than most of Canada
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Rent in Edmonton increases 16% annually, higher than most of Canada Edmonton's rent prices are rising rapidly compared to most of Canada, with a 16.4% increase for one-bedroom apartments and an 11.8% increase for two-bedroom apartments year-over-year. While still more affordable than many cities, Edmonton is experiencing faster rent price growth than other Canadian....