Edmonton real estate market remains strong through February

Tom Shearer, past chair of the Realtors Association of Edmonton, said there were 2,200 total transactions last month, when there is typically around 1,000 transactions.

The average price of a single-family home hit a record high last month, coming in at $493,543 — a 12.7 per cent year-over-year increase.

Condominium sales in the greater Edmonton area saw a massive increase this February, with a 55.2 per cent sale increase from the year before.

In the last couple of months, he said some out-of-town buyers with extra equity in their home have decided to buy an investment property in Edmonton, which hasn’t happened in a long time.

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