If you have been following the market you have no doubt noted that values are UP. In fact, based on a rolling average, resale prices are about 9% up from January 2021 to the end of May 2021, when compared to the same period last year.
Should you wait before buying your next home? That depends.
If you already own a home and you have interest in moving to a larger home, or a smaller home, I suggest that you focus on your needs first and not worry too much if prices are going up or down.
However, if you are a first-time home buyer this question could be very important. Look at the graph above. Its shows benchmark prices across the Edmonton single family market.
Can you see the 6-year cycle?
From June 2009, which is when sales values…