There’s no doubt that single family homes have become the number one choice for home buyers during these last 3 years, perhaps due to folks seeking space during the Covid Pandemic.
What we do know for sure is that at the time of writing there is just 2 months of supply which is extremely low. In general, we don’t get to a balanced market until there is 4 months of supply.
Here is a link to a short video where I discuss: Why Should You Care About Home Supply?
Against the backdrop of high demand & low supply, you can expect to pay top dollar for a single-family home & if that is your desire then you must do so.
Here is a link to ALL homes for sale in the Edmonton area currently: ALL Homes for Sale.
So, what about the condo market? At…
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