Edmonton Real Estate Blog 
First Time Home Buyers Guide...Part 1
Tuesday, February 2nd, 2010 at 12:57pm. 13 Views, 0 Comments.
We would like to thank James C. Tworek of The Mortgage Centre, Trimor Home Finance, James will be guest blogging on our site from time to time. James is an excellent mortgage broker who really knows his stuff. If your interested in obtaining or re-financing a mortgage, make sure you contact him. james@trimormoney.com
With this as my first post as an honorary blogger and team member alongside Gerard (Yoofi) and Janelle, the thought of ‘building a foundation together’ resounds in my head. With this concept in mind, I feel it is somewhat appropriate to start off down this new path by helping Edmontonians and Canadians alike with something equally foundational: starting them down the path of home ownership with a walkthrough and ‘how to’ guide for first-time…
Edmonton's Subsidized Housing
Tuesday, January 26th, 2010 at 1:32pm. 30 Views, 0 Comments.
Since the late nineteen-fifties, the neighbourhoods east and northeast of Edmonton have always been notorious for being crime-ridden and tough places. McCauley was comprised mostly of refugees from Europe during the second world war. Sometimes these displaced persons were referred to as DPs.
Most citizens did not welcome these refugees into other parts of the city. Now days, still the neighbourhoods are known for their miserable poverty and mind-numbing social problems. Some describe it as a home for the homeless.
Of course, the area has the highest crime rates in the city of Edmonton. Not only does the area have crime, it has many great real estate deals waiting for buyers. The demand for quaint, older homes is on the rise and the neighbourhoods…
The Public MLS®? What the...
Friday, January 22nd, 2010 at 3:30pm. 103 Views, 2 Comments.
I’m going to just put it out there, CREA is fucking with me as a REALTORS®. To sum it up in just a few words, CREA is negotiating the use of the MLS® with the Canadian Competition Bureau and doing a shit job at it. How ironic since as REALTORS® are job is to negotiate. I’m all for transparency but CREA, come on, stand up for what’s right and not to mention what me as a REALTORS® pay for. I’m writing this post because a highly respected REALTORS® here in Edmonton by the name of Klaus Hoffmeier has been educating REALTORS® as to what has been going on with CREA, the Competition Bureau and the MLS®. This is the most recent email which I received from Klaus Hoffmeier:
“Keeping my fellow REALTORS® informed;
After the December 21/2009 issue of REM published…
Eco-Friendly Homes
Wednesday, January 20th, 2010 at 10:44am. 16 Views, 0 Comments.
Eco-friendly homes offer many benefits, including cheaper living costs and a smaller footprint on the earth. An eco-friendly home can create less pollution and better energy efficiency by preserving natural resources, such as water and gas. Many times, eco-friendly homes are appraised at 15% greater value that conventional homes of the comparable size.
Energy efficiency is a major variable in determining how eco-friendly a home may be. There are many ways that a home can become eco-friendly, including double-paned windows, Energy Star appliances, and reasonably sized heating and cooling systems. Insulation in the walls and attic can play a major role in saving energy inside a home. The allowance of natural light and sealed windows and doors are two key…
Do Condo Fees Really Suck?
Tuesday, January 5th, 2010 at 9:05am. 55 Views, 0 Comments.
Most people are reluctant to buy condos because they do not want to incur the fees that come along with ownership of a condominium. The fact is that many of these fees are not out-of-the-ordinary, and many of them simply cover the costs of living, such as maintenance and daily upkeep.
Condo fees are simply each condo owner's share of expensive that the condominium corporation incurs to keep the building in prime condition. A recent law, The Condominium Act, states that all the expenses incurred by the condominium corporation to keep the building functioning properly are common expenses that each condo owner is responsible for paying his or her own share. Each year, the board of the condo complex must create a budget to estimate the overall costs of…
Canadian First Time Home Buyer's Tax Credit
Monday, December 28th, 2009 at 10:15am. 56 Views, 0 Comments.
We’re quickly approaching that time of the year where people all over the world will be filing taxes and countless people will be trying to write off everything but the kitchen sink on their returns. Is this really necessary with the new First Time Home Buyers Tax Credit (HBTC)? I suggest people take long, hard look at this non-refundable tax credit because you could very well qualify for this little nest egg.
There are quite a few stipulation involved; however, an additional $750 is also involved and you will definitely know if you’re eligible once you take a long, hard look at the qualifications.What do you have to lose? Actually nothing; but you do have an additional $750 to gain. I advise all Canadians to take a good look at the First Time Home…
Cold As Hell...
Monday, December 21st, 2009 at 9:19am. 46 Views, 0 Comments.
The only place in the world that was colder then Edmonton Alberta Canada on December 13, 2009 was Siberia. With the wind chill the temperature reached a frosty -59 degrees Celsius or -79 degrees Fahrenheit.
It was one of the coldest nights of the year and many in Edmonton had to endure a blackout that lasted 12 hours. Many in Southeast Edmonton were caught off guard when an underground cable snapped cutting power to thousands of residents.
From 7:00 Sunday night until 7:30 Monday residents were stuck having to bundle up in order to keep warm. In addition to the actual outage, crews also had to contend with several other problems that delayed the repair process.
A Spokesman for EPCOR said that by early Monday all of those affected had power restored…
Real Estate Prices Hit All Time High
Wednesday, December 16th, 2009 at 1:09pm. 54 Views, 0 Comments.
What do you get when you have a economic meltdown meet a real estate boom? The result is an increase in the prices of new homes in the immediate Edmonton area. This is a good sign as well as a bad sign. The reason for this is because there are more homes for sale at slightly higher prices. The bad news is that people will not be able to afford these homes and as a result are not buying.
This is not the first time that this trend has occurred and will not be the last time it occurs. The housing market has a habit of turning itself around and as a result many times leads to there being a resurgence in the number of new homes being bought. Judging by the latest numbers to be released it is a safe bet that many of these trends are beginning to show…
Criminal Activity in Alberta Won't Last
Monday, December 14th, 2009 at 6:09pm. 30 Views, 0 Comments.
Are you kidding me? Did I hear correctly? An estimate $11 million in cars, real estate and even cash has been recovered from criminal activity in the communities of Alberta thanks to newly formulated provincial legislation. What on God’s earth do we do with this money? I’ll tell you what we should do with it, USE IT TO PROTECT COMMUNITIES FROM CRIMINAL BEHAVIOR!
What are the chances of this happening? Or shall we even see the results of this happening? According to Ms. Alison Redford, no relations to Robert, the proposed legislation is doing exactly what it was design to do. I commend these legislators for doing whatever it takes to get these bums out of drug producing homes and fancy looking drug smuggling cars especially if it’s implicated in drug…
You Do the Math, Real Estate Agents and Sites are Necessary
Wednesday, November 18th, 2009 at 10:12am. 31 Views, 1 Comments.
With the way the Real Estate Industry is changing and all the talk about making the MLS® accessible to anybody & everybody, do we really need agents? Obviously my answer is bias but who cares, it's my answer...
How many potential or first time home buyers that you know of, who didn’t use the services of a real estate agent to get into their home? The fact of the matter is that millions of first time homebuyers and most buyers as well as sellers in general would prefer eliciting the services of a real estate agent in the first place.
This is a sure way of at least being guided by a professional who knows the ins and outs of the transaction process. The commission for a realtor’s services may be high but you must remember, they are there to battle in the…
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