The REALTORS® Association of Edmonton is pleased to announce the release of “A Home is Everything (2024),” a comprehensive report that covers Alberta’s housing market trends, local demographic shifts, and municipal-specific housing data. Inside, you’ll find key statistics on home sales, average prices, and top property search filters across the Greater Edmonton region, alongside insights into the economic and employment impact of real estate across the province. This advocacy and real estate resource provides insights into local housing attainability in several RAE communities, the state of the housing market, and Alberta’s unique market position among Canada’s provinces.
Key Highlights:
- Local Population Snapshots: The report contains key demographic data across several municipalities in and beyond the Greater Edmonton Area. This data can help REALTORS® understand local markets, while also serving as a useful tool in community advocacy.
- Affordability and Market Pressures: While Alberta remains more affordable compared to Toronto or Vancouver, housing attainability is a growing concern as average prices for single-family homes approach $500,000. The report details how different communities are facing these economic pressures.
- Economic Contributions: A Home is Everything demonstrates how the housing market significantly boosts the local economy, with each housing transaction generating approximately $53,190 in ancillary spending, which supports jobs and generates substantial tax revenues for all government levels.
For a full look at Alberta’s housing landscape and economic insights, download A Home is Everything (2024) now!
