2019 REALTORS HOUSING FORECAST SEMINAR

JANUARY 9, 2019 President of RAE Matthew Broderick

• There will be a moderate decrease of 1.31% in sales for single family homes, Condo sales will decrease by 2.06% and  half duplex sales will decrease by 0.78%.

• There will be a moderate decrease of 1.17% decrease in sales for single family homes, condo prices will decrease by 1.63% and duplexes will decrease by 0.66%.

• Inventory levels will increase by 1.92% for single family homes, Condos will increase by 1.83% and duplex inventory will decrease by 0.60%.

• Summary is the seller will have to remain patient throughout the sale process as DOM will increase.

• We had a record high inventory and a 5 year low in sales for Single family dwelling and all residential ranges. 2018 was one of the most challenging years in real estate.

• To date, we had a decrease of 5% in home sales in 2018 vs. 2017.

City of Edmonton Economic Update-John Rose Chief Economist

On a positive note, Bank of Canada did not increase interest...