Archive for the ‘Edmonton’ Category

Breaking News - No More Zero Down, 40 Year Mortgages

Thursday, July 10th, 2008

Edmonton Real Estate Blog We interrupt the current programming to bring you this breaking news.  According to CTV news the Federal government is making significant changes to some controversial lending protocols in Canada.  The main change is the elimination of the 40 year amortization, the second amounts to the elimination of ...

Just How Does MLS.ca Work?

Monday, July 7th, 2008

Edmonton Real Estate Blog Occassionally we get phone calls from home owners asking why their home doesn't have photos on MLS.ca, or why their listng doesn't have the same information as another in their area - apparently some people think WE are the MLS! I can assure you we are not ...

Edmonton Real Estate Market: Has Inventory Peaked?

Monday, July 7th, 2008

Edmonton Real Estate Blog The numbers are out for the Edmonton real estate market for June 2008. You may remember back in April we predicted inventory would peak by June and it looks as though it may have peaked in May. The number of new listings in June was down ...

Weekly Update on the Edmonton Real Estate Market

Monday, July 7th, 2008

Edmonton Real Estate Blog Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days: New listings: 550 (558, 686, 627)# Sales: 273 (321, 310, 257)Ratio: 50% (58%, 45%, 41%)# Price changes: 522 (563, 693, 628)# Expired Listings: 787 (72, 74, ...

Weekly Update on the Edmonton Real Estate Market

Monday, June 30th, 2008

Edmonton Real Estate Blog Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days: New listings: 558 (686, 627, 757)# Sales: 321 (310, 257, 280)Ratio: 58% (45%, 41%, 37%)# Price changes: 563 (693, 628, 617)# Expired Listings: 72 (74, 202, ...

4 Simple Ways to Cut Household Costs and Reduce Your Impact on the Environment

Tuesday, June 24th, 2008

Edmonton Real Estate Blog There have been a lot of comments on this blog recently about environmental concerns in Alberta, related to the oil sands. Unfortunately I'm no expert on what's going on up there other than a lot of trees are being cut down, a lot of water is being ...

Our Office is Moving This Weekend!

Tuesday, June 24th, 2008

Edmonton Real Estate Blog Normally we're in the business of sending our clients packing, but this weekend it's our turn. We may be a little difficult to get a hold of today and tomorrow because our office is moving. We expect our phones will be out of service temporarily on Friday ...

Weekly Update on the Edmonton Real Estate Market

Tuesday, June 24th, 2008

Edmonton Real Estate Blog Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days: New listings: 660 (608, 709, 762)# Sales: 287 (245, 299, 300)Ratio: 43% (40%, 42%, 39%)# Price changes: 671 (572, 605, 768)# Expired Listings: 103 (205, 192, ...

Edmonton Real Estate Market Remains Balanced

Tuesday, June 24th, 2008

Edmonton Real Estate Blog The preliminary numbers for May are out and it looks like the real estate market is still statistically balanced in Edmonton. I have to say though, it doesn't feel all that balanced. The phones aren't exactly ringing off the hook. That being said there have been 1820 ...

Don’t Shoot the Messenger

Tuesday, June 24th, 2008

Edmonton Real Estate Blog What a crazy week!  Start it with surgery (the non urgent kind that keeps getting put off by surgeons until they find the worst spot in your schedule and decide to do it then), add to that your office moving after being located in the same ...

Edmonton Real Estate Complete Monthly Stats for May 2008

Tuesday, June 24th, 2008

Edmonton Real Estate Blog Prices are stable, sales are seasonally normal, the market is balanced...it's barely newsworthy. The only thing to talk about is the high inventory and the craziness we saw in the past two years. So, I've done some extra charts this week for some added interest. From this ...

Edmonton Property Taxes: A Higher Assessment Does Not Always Mean Higher Taxes

Tuesday, June 24th, 2008

Edmonton Real Estate Blog If you own property in Edmonton you should have received your city tax assessment in the mail recently. You probably noticed your tax assessment is much higher this year than last year. There is a BIG misconception out there, that if property values go up by ...

Weekly Update on the Edmonton Real Estate Market

Tuesday, June 24th, 2008

Edmonton Real Estate Blog Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days: New listings: 757 (660, 608, 709)# Sales: 280 (287, 245, 299)Ratio: 37% (43%, 40%, 42%)# Price changes: 617 (671, 572, 605)# Expired Listings: 625 (103, 205, ...

To rent, or not to rent

Tuesday, June 24th, 2008

Edmonton Real Estate Blog To rent or not to rent? That is the question. I can see the fingers getting ready to type their rapid responses to this article already, but chill for now because the question is actually for home owners.  Many of the people who have properties on ...

Don’t Sweat The Small Stuff and Other Gems

Tuesday, June 24th, 2008

Edmonton Real Estate Blog It’s a market full of hard decisions and sometimes tough love is necessary, especially when examining your home's value compared to last year. Last weekend when one of our listings sold the seller said to me "that’s the most excited I've heard you get." The deal was ...

Weekly Update on the Edmonton Real Estate Market

Tuesday, June 24th, 2008

Edmonton Real Estate Blog Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days: New listings: 627 (757, 660, 608)# Sales: 257 (280, 287, 245)Ratio: 41% (37%, 43%, 40%)# Price changes: 628 (617, 671, 572)# Expired Listings: 202 (625, 103, ...

Modern Architecture Meets Edmonton’s History

Tuesday, June 24th, 2008

Edmonton Real Estate Blog   Everyone has seen all the crazy condo construction that has been going on in Edmonton.  There are mega-projects to be completed all over the city. More of the same old, same old, where you walk from one unit to the next you can’t remember the differences ...

Mr. Snowman Tells No Lies

Tuesday, June 24th, 2008

Edmonton Real Estate Blog How do you look at me with those lumps of coal for eyes and tell me you're sitting in front of the hottest most desirable property on the market?  It’s obviously not hot enough to melt the snow on your front lawn! No, indeed it is now ...

Weekly Update on the Edmonton Real Estate Market

Tuesday, June 24th, 2008

Edmonton Real Estate Blog Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days: New listings: 686 (627, 757, 660)# Sales: 310 (257, 280, 287)Ratio: 45% (41%, 37%, 43%)# Price changes: 693 (628, 617, 671)# Expired Listings: 74 (202, 625, ...

#1 Reason to Get an Appraisal

Tuesday, June 24th, 2008

Edmonton Real Estate Blog I recently had a client referred to me who had put an offer on a million dollar+ property being sold privately. They put their offer on the property with the hope that they would sell their own property and everything would be hunky dory. The only ...