Top Real Estate Agents in Edmonton.
WOWA.ca rates agents based on their transactions, experience, and customer reviews to find you the top real estate agents in Edmonton.
Edmonton's Top Agents
Quote by Adrian M.,I'm a local real estate agent focused on exceptional customer service with the right knowl...
Quote by Victoria C.,I am a caring and dedicated real estate agent who will work with you to buy or sell your h...
Quote by Stella Z.,I am an agent who work hard & smart at the same time, provide an outstanding service & car...
Edmonton Real Estate Tools
Edmonton Real Estate News
- Prices continued to rise in Edmonton this May as average sold prices climbed 13% YoY to $401K
- Detached home prices increased by 13% year-over-year to $466k
- Townhouse prices increased by 10% year-over-year to $358k
- Condo apartment prices increased by 18% year-over-year to $242k
Edmonton Housing Market Overview
Edmonton's housing market continued its recent growth this May with strong sales volume. Sales are down slightly month-over-month, but still 137% higher than last year levels. Average sold prices across Edmonton rose to $401,390, a 13% increase YoY. Inventory also increased by 7.6% month-over-month but are still near historical lows.
Notice: Year-over-year comparisons for May will be exaggerated by the temporary downturn from the outbreak of COVID-19 in March 2020.
Detached homes accounted for 67% of sales with an average sold price of $465,551, a 12.9% YoY increase. Townhouses took 12% with an average sold price of $358,195, a 10.1% YoY increase. Condo apartments accounted for the remainder 21% of sales with an average sold price of $241,885, a 18.4% YoY increase.
Rising mortgage rates pose a dual-edged sword to Edmonton's housing market and other real estate markets throughout Canada. In the short-term, buyers are looking to purchase and lock in their mortgages, prompting a surge of demand for properties. In the long-term, however, a rise in mortgage rates will lower the purchasing power of potential buyers and pose a tailwind to housing prices. The Bank of Canada has recently signalled for a rate increase as soon as mid-2022. In addition, the Office of the Superintendent of Financial Institutions (OSFI) and Ministry of Finance have raised the benchmark mortgage stress test rate for both insured and uninsured borrowers, pushing out marginal buyers.
Top 1% Listing Agents in
Calgary Commission Structure
Real estate commissions are the fees that home sellers pay to the seller and buyer real estate agents for their services. In Calgary, the total commission rate is structured as 7% for the first $100,000 of a home’s sale price and 3% on the remaining balance. Seller agents usually get half or 50% of this total commission with buyer agents getting the other half. To calculate your real estate commission for Calgary, see our calculator below. For other cities in Alberta, please visit our Alberta real estate commission calculator page for more information.
Calgary Real Estate Tools for Buyers and Sellers
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.