commercial real estate articles 2018

Edmonton real estate market predicted to slow down to pre-pandemic levels this year

24/01/2023dansa

The Realtors Association of Edmonton is predicting the market will “normalize” this year to levels not seen since before the pandemic.

Sales, listings, and prices are expected to drop across all property types, Melanie Boles, RAE chair said, which will bring them in line with 2019 levels and previous years.

“When compared to long-term trends, 2023 will still be a strong year,” Boles said in a statement.

The association held its annual housing forecast event Wednesday, where real estate agents and prospective home buyers and sellers can grasp market predictions.

According to the predictions for 2023, the market is expected to be balanced due to nearly equal supply and demand levels.

The report notes an increase in demand for apartments and condos, an increase in luxury real estate, and an influx of out-of-province residents.

The forecast shows detached home prices are expected to drop 2.9 per cent year-over-year.

Semi-detached homes are predicted to see a price drop of 2.4 per cent and for row and townhouses – a 1.4 per cent decrease is expected

The RAE is predicting a 1.1 per cent decrease in average price for apartments and condos compared to last year.

Boles said that compared to long-term

Liverpool Voted Best Place to Live and Work in the UK

09/01/2023dansa

The vast majority of those who live in Liverpool are happy with their life in the city for multiple reasons.

75% of residents are happy with their life in the city, thanks to the wide array of jobs available and the vibrant cultural opportunities.

Numerous major employers have offices or locations within the city, such as McDonalds, Amazon, Tesco and the BBC, as well as banks like Santander. Combine this with the respected multiple universities in Liverpool, and there is a large population of young professionals and students within the city.

Areas such as the Baltic Triangle and Liverpool ONE mean residents have a wide array of eateries, shops, and activities to entertain themselves with, while the city is renowned for its vibrant nightlife scene.

Property in Liverpool is also highly affordable, with the UK House Price Index revealing that the average house price in Liverpool as of October 2022 is £180,049. This is over £100,000 more than the national average of £296,422.

This means Liverpool residents are less affected by the cost of living crisis due to the wide array of affordable housing.

On top of this, the research conducted by OneFamily shows that Liverpudlians are most likely to

go once. Go twice. Sold, by Phillip Hopper!

09/01/2023dansa

Phillip Hopper, 33, executive vice president of real estate, Powell Auction and Realty

40 Under 40 Class of 2022 member Phillip Hopper, executive vice president at Real Estate Powell Auction & Realty.

Phillip Hopper can create bidding wars with his auctioneering and his philanthropy, helping Powell Auction and Realty grow beyond its original asking price.

Since joining Powell after college, Hopper has made a name for himself over the past 10 years. He’s increased revenue, manages the company’s real estate work and has grown the company since becoming executive vice president of real estate.

He also has his hands in community work including a spot on the founding board of Safe Families for Children and as a member of the golf committee for the Emerald Youth Foundation.

When you reflect on your career so far, which achievement stands out the most?

When I first came to the Powell Auction, I was getting ready to graduate college with a degree in business administration and I was really interested in the auction industry. I cold called them out of the blue, and they didn’t know me from Adam. Thankfully, they gave me a shot, and what started out as basically a part-time,