Better start for Edmonton resale housing market in 2013

EDMONTON – The Edmonton region’s resale housing market saw average prices and sales up in January from the same month last year.

According to the Realtors Association of Edmonton, the average residential selling price was $328,525, up 2.51 per cent from a year ago while total reported MLS sales rose 3.02 per cent to 853.

“If there is an impending national housing crash, it is not evident in Edmonton,” said association president Darrell Cook.

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Resale market pace likely to ease in 2013

Expect a balanced market when buying or selling a resale home in Calgary this year, say housing industry experts.

“We expect to continue to see moderate growth, but not at the pace that we saw last year,” says Ann-Marie Lurie, chief economist of the Calgary Real Estate Board. “We continue to be fuelled by migration and employment growth, but those paces are expected to ease from levels we saw in 2012.”

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