News from the Edmonton’s moving industry
Our moving company Canadian Moving Services is based in Edmonton AB. The last years of COVID have been an abnormal trend in the housing market. The low interest rate and the money injected in the economy created that movement. Current data showing a decrease in the housing market in 2023.
Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for April 2023 hit 2,028, decreasing 30.8% compared to April 2022 but increasing 11.1% from March 2023. New residential listings were down 26% year-over-year from April 2022, while also noting an increase of 6% from March 2023. Overall inventory in the GEA was up 7.4% from April of last year, and up 9.3% from the previous month.
Edmonton is the major economic center for northern and central Alberta and a major center for the oil and gas industry. For many past years, people from all provinces were moving to Edmonton. The work opportunities were so great in Alberta that the moving industry was moving a lot of customers to Edmonton. People from all over Canada is moving to Alberta in the major cities of Edmonton and Calgary.
Fortunately for Alberta right now, we see a growing trend in people moving to Alberta We receive a lot of requests for moves to Edmonton. Most of them are moving here for the low houses price and for job opportunities.