March 2024

In February, the real estate market was significantly influenced by a notable increase in new listings and a robust boost in sales, driven by sustained high demand. The balance of 2,711 new listings against a 23% year-over-year increase in sales, totaling 2,135 units, exemplified a market with a high sales-to-new listings ratio of 79%. This ratio ensured that inventory levels stayed near historic lows,...

When it comes to purchasing property, the financial implications extend beyond the listing price. One significant cost is the land transfer tax, a levy imposed by many provinces when a property changes hands. However, Alberta stands out in Canada's real estate market, notably when compared to Ontario, by offering a unique advantage in this area. Understanding this can highlight why investing in Alberta...