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Homebuyers who’ve braved the real estate market lately have no doubt noticed that housing prices have been higher through Covid, in some cases setting recent records for the Edmonton housing market. Combined with rising interest rates on mortgages, it’s enough to make many give up hope that they can find a decent real estate deal today.

Still, what goes up must eventually come down—and as the reality of high interest rates hits and the winter market approaches, home shoppers might be pleasantly surprised to find a number of deals popping up on the real estate front.

Though this is generally great news for homebuyers and can save them thousands of dollars, price-reduced homes may not be the bona fide bargains they appear to be. Just because a listing has been reduced doesn't mean it's well priced relative to recent sales. 

Want to save thousands on your next home? Need an estimate on the value of a particular home in the Edmonton area? We'd love to help! Reach out to our team at [email protected] for a private consulation. 

Updated Weekly | Last Updated Nov 25, 2022