About Edmonton Region, AB

Sherwood Park Condos

There were 10 condo sales with 66 condos on the market in Sherwood Park, Alberta last week.

The least expensive condo that is currently listed for sale (1 Bedroom / 1 Bath / 602 square foot in Summerwood) is listed for $176,000 and the most expensive condo (1+1 Bedroom / 3 Bath / 1,530 square foot gated condo in Nottingham) is Listed for $625,000.

The least expensive condo that sold last week in Sherwood Park (2 Bedroom / 1 Bath / 828 square foot in Woodbridge Farms) was listed for $179,900 and the most expensive condo that sold last week in Sherwood Park (1+1 Bedroom / 3 Bath / 1,204 square foot in The Ridge) was listed for $419,000.

This means that there were a total of 66 condo listings and 10 condo sales in Sherwood Park, Alberta last week for a absorption rate of 6+ weeks. This means that if not another home comes on market (which isn't very likely) in Sherwood Park there is more than a 6 week supply of condos on the market.

Please "click here" to see the additional details about this weeks Sherwood Park condo sales

Sherwood Park Homes

There were 15 home sales with 176 homes on the market in Sherwood Park, Alberta last week.

The least expensive home that is currently listed for sale in Sherwood Park (0+3 Bedroom / 2 Bath / 678 square foot in Broadmoor) is listed for $176,000 and the most expensive home in Sherwood Park (5+1 Bedroom / 5 Bath 3,675 square foot in Estates of Sherwood Park) is Listed for $1,200,000.

The least expensive home that sold in Sherwood Park last week (2+2 Bedroom / 2 Bath / 1,044 square foot in Glenn Allen) was listed for 284,900 and the most expensive home that sold in Sherwood Park last week (3+2 Bedroom / 6 Bath / 2,488 square foot in Estates of Sherwood Park) was listed for $728,000.

This means that there were a total of 176 listings and 15 single family home sales in Sherwood Park, Alberta last week for a absorption rate of 11 weeks. This means that if not another home comes on market (which isn't very likely) there is almost a 3 months supply of homes on the market.

Please "click here" to see the additional details about this weeks Sherwood Park condo sales

A snapshot look at Canada's economy major economists taken from The London Free Press

"The downward trend among private sector employees persisted in July, with large losses for this group partially offset by continued gains in self-employment."

Statistics Canada July employment report.

"These are difficult times. It's going to be a difficult year. I've been saying that, to sort of calm the euphoria about, you know, 'We're out of a recession.' We are stabilized, and there are some good signs. But it's still the recession and we still have to work our way out of it."

Finance Minister Jim Flaherty told CTV News.

"No one said it was going to be a smooth recovery, and especially not for employment. If there is any positive spin here for the broader economy, it's that the job losses were almost entirely concentrated among summer students (though try telling your teenager that's good news)."

BMO Capital Markets economist Doug Porter

"Even though the Canadian economy is likely to resume positive growth sometime in the third quarter, we are likely to continue to see the unemployment rate climb for up to six months after the recession has come to a close."

TD Bank economist Diana Petramala

"Sadly, today was not a happy day for the Canadian job market. It's critical when we see these disappearing jobs that we have an effective fiscal stimulus to create or to save jobs. And that means getting the money out the door because, no matter how many billions in commitments, you won't save one job if you don't get the money out the door.''

Liberal MP John McCallum, the party's finance critic

"Some people say that the recession is over, but try telling that to the unemployed and their families. Unemployment is going to get worse in the months ahead and the Harper government is leaving people to fend for themselves."

Ken Georgetti, president of the Canadian Labour Congress.

I've put together a graph showing the average price for Single Family Detached homes. Our prices have moved back up to mid 2008 numbers. Way off from the 2007 peak, but we are moving in the right direction.

Alberta firms rank third in Western Canada for positive outlook. The poll indicated that businesses in Alberta are very optimistic about economic turnaround.

Saskatchewan topped the charts while Quebec business owners apparently can't see the light at the end of the tunnel coming in at the bottom

As they say if you believe it you'll see it!