Edmonton Real Estate Blog

Edmonton Real Estate Stats - March 2017

“It is promising to see positive movement in the condo market. We have seen a large increase in both new and resale inventory, so it is good to see sales starting to follow suit,” says Mabey.

“We generally see activity in the housing market start to increase at this time of year,” says James Mabey, REALTORS® Association of Edmonton Chair. “Buyers can look forward to more inventory to choose from and sellers can count on more buyers in the marketplace.”

March 2017 Real Estate Stats

Edmonton Monthly Market Statistics

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Condominium Insurance

How To Find The Right Insurance For Your Condo

If you own a condo, there are a few things you need to know to keep yourself from the different risks that come from owning one. Although a condominium association covers different parts of the complex, you're still required to get separate home insurance.

Having building insurance policy is the best way to  protect a condo building. A building insurance policy covers areas such as elevators, the lobby, and the gym. Building insurance only covers these areas and does not include the personal things owned by the condo owner. Also if you make improvements or cause damage to another unit, this insurance will not provide you with coverage.

After learning this, you now understand why it's important to get insurance for your condo. Although it's not something you have to get it provides you with protection from the different risks that come with owning a condo. Just like having home insurance having this type of...

What Is Infill and Why Does Edmonton Need It

Edmonton Infill Houses

The urban environment is constantly changing and this affects the lifestyle of all residents of Edmonton. One of the major projects undertaken by the City is the Edmonton infill which has been in effect since 2010 and has achieved considerable progress to date. Here you will learn the most important things about it and how the city and the owners and buyers of Edmonton homes will benefit from it.

Understanding the Infill Concept

While it is applied in various spheres of life and scientific fields, the concept of infill is most commonly used in residential development and construction. It is the filling of empty lots within existing neighborhoods. That is why it is often formally referred to as urban infill. Most often, the term is used to describe the building of single-family...

Drones: The New Way to Sell Edmonton Real Estate

Drones: The New Way to Sell Real Estate

A great number of real estate companies are turning towards drones to sell their properties. Although this option is not authorized in every city of the world, Edmonton MLS has gained a lot of resources by using this flying device which shoots compelling photographs.

Reasons for Using Drones

While this option is still pretty new for many real estate agents selling Edmonton homes, it’s rapidly gaining popularity. Before, real estate agencies would use it to sell luxurious properties which needed a shot from every angle. Here are a couple of reasons why more and more companies felt the need to turn towards the use of drones:

  • It beats ground-based photography – Try to compare a photograph of the front of a house with the dramatic angles provided...

Edmonton Real Estate Stats - February 2017

“As we head into the spring buying season with stable prices, coupled with increases in unit sales and seasonally-appropriate inventory levels, it seems like a positive sign for our market,” says James Mabey, REALTORS® Association of Edmonton Chair.

“As the weather warms and we begin looking towards spring, both buyers and sellers are making some of the biggest financial decisions of their lives,” said Mabey. “A professional REALTOR® is here to help you through it.”

Edmonton Real Estate Stats February 2017

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Northern Views and Southern Blues

U.S. interest in Canadian real estate sees a steep upsurge following Trump’s presidential win, according to recent report

According to a recent report published by Royal LePage Americans, are progressively intrigued by Canadian real estate following President Donald J. Trump’s political victory in Washington.

Royal LePage’s web traffic that originated south of the border saw an unprecedented upsurge (329 per cent) on November 9, the day following the U.S. presidential election. The week following the election saw American browsing numbers skyrocket, quadruple in fact, rising a massive 210 per cent from just one year ago – numbers that could directly affect the Alberta real estate market and indirectly affect the Edmonton MLS® market.

Royal LePage said that this pattern of high volume from the land of red, white and blue was...

5 Real Estate Agent Tricks and How to Steer Clear of Them

Real Estate Agent TricksHave you ever heard the saying one bad apple spoils the whole barrel? Well it is wholly untrue and, unfortunately, the same stereotype exists in every profession, including the real estate business. There are those who conduct themselves unprofessionally in every industry and those are the ones that people tend to remember. Conversely, there are numerous Edmonton realtors that do their job and do it well – those that will get you the best return on your investment. Finding these types of agents is crucial to home buying and selling.

To help you identify who will help you and who will not, here are some potential hoodwinks you should to watch out for to ensure you find the right Edmonton realtor for you.

The Imaginary Buyer

A common gimmick that some realtors use is the imaginary...

Edmonton Real Estate Stats - January 2017

2016 was a steady year for real estate in Edmonton and many of the surrounding communities. The ongoing economic instability certainly affected unit sales and inventory, but sale prices have continued to hold.

Edmonton Real Estate Stats January 2017

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Edmonton Real Estate Stats - December 2016

The average monthly selling price for single family homes increased by 3.95% and 6.39% for duplexes and rowhouses relative to October 2016. Condominiums experienced a minor decrease in price of 1.68% relative to October 2016. Prices for single family homes grew 1.76% relative to November 2015. November’s unit sales dropped 11.41% relative to the same period last year.

Edmonton Real Estate Stats  December 2016

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Recent Study Shows Millennials Prioritize Travel

According to a recent conducted study examining the priorities of millennials, travelling abroad ranked higher than most of what else might concern a young person – this included priorities like buying a home or car, savings and retirement funds, and even paying off debt. It seems that the up-and-coming generation of Edmontonians will be buying less Edmonton Homes and more plane tickets.

The study involved approximately 1,000 participants aged 18 to 35 in the U.S., U.K. and China. It posed a question to millennials: What are your priorities for the next five years? The study’s aim was to determine the emphasis that those of the younger generation place on travel and what will influence their travel decisions.

In the U.S., participants gave savings and investment funds the position of highest import, closely followed by travel and vehicular purchases. Also, travelling sat higher than becoming a home owner.

In the U.K., travelling and savings sat virtually equal, and, consequently,...

Edmonton Real Estate Statistics - November 2016

The Edmonton Real Estate Market continues to remain firm. Most average selling prices increased this month, partially due to the sale of higher priced listings. The all residential median selling price is down from last year, along with single family median and condominiums median.

Single family homes continued to sell well, with the average days on market at 51. However, condominiums and duplexes/rowhouses were both affected by the seasonal market shift.

If you have any questions about the current Edmonton Real Estate Market feel free to let us know. Also check out the latest live market statistics.

Edmonton Real Estate Stats November 2016...

Home Buying During the Holidays: A Smart Decision?

Edmonton Holiday Home Buyers

Anyone who is familiar with the Art of War will know that military deception can be a key to success, in particular, diversion tactics. If a commander is outnumbered in warfare, creating a diversion can be what decides the outcome. Create a diversion, then, while the enemy is distracted, attack. Home buying during the holiday season is very similar, the only difference being the diversion is already provided. While everyone else is busy marveling at lights and eating copious amounts of sugar, you can slip in and snag yourself a pretty great gift – the home that you want at a great price.

Home buying during the holidays gives you, the buyer, an advantage in the Edmonton...

What to Do in Edmonton this Weekend Dec 2nd - 4th, 2016

December is here and if you are looking to enjoy some holiday activities or practically anything else, you have come to the right place. The following is a collection of the happenings this weekend in The Big E.

Light-Up & Celebrate the Season at the Alberta Legislature

The Alberta Legislature’s annual Light-Up and Celebrate the Season is coming home for the holidays with musical performances throughout the month of December. Close to 70 musical ensembles from across Alberta will be featured on the rotunda’s grand staircase with daily performances. The Legislature grounds will be featuring thousands of lights – perfect for a festive meander with a loved one – and at the centre of it all, a 60-foot spruce dressed with over 5,000 sparkling lights.

Who – This event is for all ages and admission is free! Everyone can enjoy the Legislature’s splendid offering....

Keep Your Home Energy Efficient

Energy efficiency is a topic of particular importance to modern consumers. As more consensus is reached regarding how humanity’s actions affect the planet’s climate, it has become clearer to more people that environmentally conscious efforts are the best way to move forward. Here are some of the top technologies and methods to boosting the energy efficiency in your home.

1. Smart Home Technology

Many new smart appliances and other home tech (including temperature control systems) have the ability to link to mobile devices. This allows homeowners to monitor their energy output with real-time data. Some smart appliances even have the ability to pair with smart thermostats like Nest, which can monitor who is in the home and what is in use, adjusting energy use of devices and ...

Edmonton Infill Police

Edmonton Infill Police Looking After Residential Development and Residents

Consisting of peace officers, development officers and safety codes inspectors, Edmonton’s infill police have been operating since July 2016. Until the beginning of November, they have inspected over 300 properties under construction.

Their job is to ensure that builders maintain their construction sites clean, tidy and fenced. To date, they have issued more than 100 fines and nearly 400 warnings. The police discovered 61 infill properties without a development permit or in violation of the issued permit. The builders responsible will have to modify the homes or halt their activity and obtain a new permit.

As the infill police have been operating for a relatively short time now, a major part of their work is to educate builders, owners and other parties involved in the residential development process. Their main goal is to bring major improvement to construction practices and bring down the stress for neighbours.

Resolving...

Smart Appliances: Edmonton Homes of the Future

Smart technology has facilitated a dramatic shift in the way we live and work. Thanks to tech like smart phones, the easy access we enjoy to computing power is unprecedented. Smart technology has redefined the way we interact with the outside world, now it wishes to change how we do things inside the home. In the near future, Edmonton homes could feature some of the newest tech the world has to offer, impacting Edmonton real estate significantly.

Many products already in stores for consumers feature functions that allow users to connect to their smart phones. Some dishwashers and laundry machines can be operated entirely from your phone, including the ability to set cycles and monitor water and energy efficiency. There are microwaves that have sensor technology that can set cooking times automatically. Preparing decadent meals can become easier with new stove tops which feature two ovens that operate independently....

Tips for Running an Airbnb Property

Airbnb tips

Since it was founded in 2008, Airbnb has seen exponential growth in the vacation rental industry. The innovative company is not without its controversy but, regardless, it remains the easiest way for virtually anyone to list their property for vacationers. If you are considering renting your property on Airbnb, here are some tips to success.

First of all, quality photography makes a huge difference. Consider hiring a professional photographer as the average quality of photographs on the site is quite high. If you are an inexperienced photographer, it will show in your photographs.

Second, a considerable amount of time must be devoted to this process if it is to be successful. Dedicating some time each day will increase your chances at solidifying clients. Since an Airbnb rental requires multiple interactions with guests, being prompt with responses...

Tesla’s Solar Roof Tiles, Potential Game Changer

Why Tesla’s solar roof tiles and home battery are potential game changers

On October 28, renewable energy innovator Tesla unveiled its newest product. The company makes a venture into roofing with its new solar roofing tiles. Despite, maybe, people’s initial reaction that may have been similar to “Ok?”, the tiles are functional solar panels that could represent something significant – perhaps, a positive change in the relationship between consumers and renewable energy.

Well sure it looks really cool, but what the actual expletive is the big deal? Why does cosmetic value matter when the true point is sustainable energy?

The new tiles may just represent another product whose cost (immediate or acceded) will no doubt be expensive to implement and will still not achieve the mainstream success needed if a true difference is to be made. Though, on the contrary, they may not.

Looks are Pretty Important

Aesthetics are easily paid no mind but are, nevertheless, very important....

In Search of the North: Zillow’s Canadian Real Estate Searches Rise In Lieu of Trump Win

hitch hikerIn the fallout after Donald Trump’s unexpected – or maybe expected – win in the American presidential race, Canada could be looking at an influx of population from its southern neighbours. It would appear that large swaths of Trump opposers are looking to jump the world’s largest unguarded border and flee to the Great White North to escape their perceived doom.

The prospective American emigrants managed to crash Canada’s immigration website on election night and the following day with, essentially, an unintended DoS (Denial of Service) attack; not to mention, huge traffic increases in the search terms “Canada immigration,” “Canada,” and “move to Canada” in the U.S were reported by Google Trends.

Seattle-based real estate database Zillow Group is now revealing that some wish to relocate...

Top Places in Edmonton to Get Your Dessert Fix

Top Places in Edmonton to Get Your Dessert Fix

We all have those moments where the only thing we wish for is the warm (or cold), sugary embrace of our sweet treat of choice. Here are a few places in Edmonton that you can go in those moments to find some sweet, sweet respite.

Duchess Bake Shop

This little bake shop on 124 St. has garnered extended national and local media coverage in addition to numerous accolades, including being called “one of the world’s best bakeries” by the Globe and Mail and making it onto Buzzfeed’s list of “23 bakeries around the world you need to eat at before you die.” Enough said? Its vast selections of handcrafted traditional French pastries, pies, cakes and macarons make for not only a delicious dessert but a visual one as well.

You can find Duchess in the trendy neighbourhood Inglewood & ...