A hot Edmonton housing market and an increase in out-of-province buyers is making it tough for some first-time homebuyers. With prices up and inventory low, some are calling for the province to help.
“Cars lined up and people lined up at the door. It’s kind of shocking. It’s like all of these people are here to look at this one house at this one time,” Lisa said.The Realtors Association of Edmonton said there are several factors, including limited inventory, contributing to the hot market. It’s a move the Ackers would like to see happen in Alberta for buyers who aren’t intending to live in the region they buy property.
“I don’t think it’s a tax that our industry would welcome,” Gravelle said. “I would say our provincial association would be very much against it.”