News from the edmonton’s moving industry
Our moving company Canadian Moving Services is based in Edmonton AB. Edmonton is North America’s northernmost metropolitan area with a population over one million. Edmonton is at the centre of Canada’s sixth-largest census metropolitan area (CMA), which includes Edmonton and 34 other municipalities in the surrounding area. Larger urban communities include Sherwood Park (an urban service area within Strathcona County), the cities of St. Albert, Beaumont, Leduc, Spruce Grove and Fort Saskatchewan, and the towns of Stony Plain, Morinville, and Devon.
Edmonton is the major economic centre for northern and central Alberta and a major centre 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.
Unfortunately for Alberta right now, we see the opposite trend in the Canadian moving industry. We receive a lot of requests for moves out of Edmonton. Most of them are moving back to their home town in Eastern provinces or moving back to British Columbia where the economy is better.
Edmonton local moving
Edmonton, March 2, 2021: Total residential unit sales in the Greater Edmonton Area (GEA)* real estate market for February 2021 increased 52.1% compared to February 2020 and + 36.8% from January 2021. The number of new residential listings is up year over year, + 7.6% from February 2020. New residential listings are up month over month, + 11.4% from January 2021. Overall inventory in the GEA fell 17.6% from February of last year and + 7.6% from January 2021.
For the month of February, single-family home unit sales are up 62.2% from February 2020 and up 40.2% from January 2021 at 1033. Condo unit sales increased 19.5% from February 2020 and increased 26.7% from January 2021.
All residential average prices are up to $377,931, a 7.6% increase from February 2020, and up 3.8% from January 2021. Single-family homes sold for an average of $437,977, a 2.7% year-over-year increase from February 2020, and a 2.4% increase from January 2021. Condominiums sold for an average of $230,929, an 8.4% increase year-over-year, and prices are up 6.6% compared to January 2021. Duplex prices increased 6.6% from February 2020, selling at $343,028 which was a 0.4% decrease from January 2021.
Our moving company noted a significant increase in business compared to last year due to the increase in house sales recently. Local moving is affected positively this year by this trend. The moving services are an essential service so we can continue serving clients with taking more precautions.