register | confirm account | forgot password
John Wegner
Royal LePage Noralta Real Estate
3018 Calgary Trail, Edmonton, Alberta
P: 780.691.SOLD (7653)  F: 780.431.5624
Email
Recent Blog Entries
Displays summaries of most recent blog items
Recent Blog Entries
Foreclosure Watch - Aug 1, 2013

The current foreclosure total for Edmonton and area is 139 as of August 1. July 1 134 June ...

Another Wave of Buyers?! - Jul 11, 2013

The spring rush is just winding up and then banks decide to raise rates... Normally, around this ...

June Month-End Real Estate Report - Jul 3, 2013

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you... ...

Foreclosure Watch - Jul 1, 2013

The current foreclosure total for Edmonton and area is 134 as of July 1. June 5 137 May ...

Houses and More Houses! - Jun 20, 2013

It's not your imagination. The City is exploding in every direction. The Canadian Mortgage Housing ...

Disclaimer
 

Should I say something stupid, I reserve all rights to that stupidity.

Said stupidity is mine, and mine alone.
My stupidity!

You can’t have it! Go and get your own.

Additionally,
The information contained in this blog is my personal opinion. All data, information, and analysis provided here is for informational purposes only and, so therefore, there are no warranties conferred. The information contained in this blog cannot be considered as legal or financial advice, nor should it be relied upon as such.

 

 

 

 

   
1 - 100 of 189

Thursday, August 1, 2013 - Foreclosure Watch

The current foreclosure total for Edmonton and area is 139 as of August 1. July 1 134 June 5 137 May 8 163 March 28 138 March 1 141 January 31 155 November 6, 2012 228 September 27, 2012 201 August 30, 2012 216 July 26 224 June 28, 2012 262 June 5, 2012 269 May 2, 2012 257 March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, ...

posted in Real Estate News at Thu, 01 Aug 2013 14:34:19 -0600



Thursday, July 11, 2013 - Another Wave of Buyers?!

The spring rush is just winding up and then banks decide to raise rates... Normally, around this time each year, we start to see a tailing-off of home buyers as the spring markeet comes to a close. That's not going to be the case this year! My experience:I was organizing some viewings for a client of mine this week and upon making the list of potential properties and then attempting to schedule the appointments, I was confronted with 6/8 properties having gone pending (offer accepted) within ... Full Article...

posted in Buyer at Thu, 11 Jul 2013 09:43:44 -0600



Wednesday, July 3, 2013 - June Month-End Real Estate Report

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you...   Inventory Average sale price     Number of sales by month  Number of sales by year   Where has June left us? In the first six months of the year, housing prices in the Edmonton Census Metropolitan Area (CMA) showed slow, steady increases. According to the REALTORS® Association of Edmonton, the all-residential average price was up 5.6% from the average price on December 31, 2012. ... Full Article...

posted in Real Estate News at Wed, 03 Jul 2013 15:25:48 -0600



Monday, July 1, 2013 - Foreclosure Watch

The current foreclosure total for Edmonton and area is 134 as of July 1. June 5 137 May 8 163 March 28 138 March 1 141 January 31 155 November 6, 2012 228 September 27, 2012 201 August 30, 2012 216 July 26 224 June 28, 2012 262 June 5, 2012 269 May 2, 2012 257 March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures ... Full Article...

posted in Real Estate News at Mon, 01 Jul 2013 12:32:02 -0600



Thursday, June 20, 2013 - Houses and More Houses!

It's not your imagination. The City is exploding in every direction. The Canadian Mortgage Housing Corporation (CMHC) has release the most recent date regarding new housing starts for all of Alberta and it shows what we instinctually knew to be the case... more and more housing starts are happening. Housing starts for the month of May '13 compared to May '12 Single Family Edmonton +17% Single Family Edmonton and Area +6% Multiples Edmonton +56% Multiples Edmonton and Area +79% Those are the ... Full Article...

posted in Real Estate News at Thu, 20 Jun 2013 09:50:16 -0600



Wednesday, June 5, 2013 - May Month-end Real Estate

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you...   Inventory Average sale price     Number of sales by month  Number of sales by year   Where has May left us? Housing sales activity in the Edmonton Census Metropolitan Area (CMA) slowed in May according to the REALTORS® Association of Edmonton. Housing sales dropped 10% when compared to May 2012. Sales of single family detached homes (SFD) were down 14.4% Y/Y and duplex/rowhouse ... Full Article...

posted in Real Estate News at Wed, 05 Jun 2013 13:07:30 -0600



Wednesday, June 5, 2013 - Foreclousre Watch

The current foreclosure total for Edmonton and area is 137 as of June 5. May 8 163 March 28 138 March 1 141 January 31 155 November 6, 2012 228 September 27, 2012 201 August 30, 2012 216 July 26 224 June 28, 2012 262 June 5, 2012 269 May 2, 2012 257 March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky ... Full Article...

posted in Real Estate News at Wed, 05 Jun 2013 13:05:54 -0600



Thursday, May 23, 2013 - Spring = Barbecue

I love to barbecue

I’ve already had Ingrid fired up more than a dozen times this year. Love it. If you're on my facebook you've seen me post my successes and even some failures.

I've had drunk chicken, pork back ribs, burgers (1/4 pork sausage)... I barbecue tomatoes, zucchini, potato/onion/garlic packets of goodness, corn... and the list goes on. Love it!
And, of course, steak.

Ah, steak.

Steaks fall into one of two categories:
1. Flavourful - The more the muscle is used, the more flavourful (and tough) it is
2. Tender - Less used muscle and more tender

Let’s have a look at the more popular cuts and how they stack up:

  • Sirloin - Cut from the area behind the short loin and in front of the round. Usually well-marbled and flavourful but, lacks depth and not the most tender of cuts
    • Sirloin - Refers to the Bottom Sirloin and Sirloin (see pic here)
    • Top Sirloin - Just below the Tenderloin and the most prized of the Sirloins
       
  • Strip steak - Cut from the short loin area between the sirloin and the fore rib. This is commonly called Strip Loin or New York Strip in North America and Club Steak, internationally. Fairly tender piece of meet with excellent flavour
    • T-bone - Falls into this category as this cut has a Strip Steak and a smaller piece of Tenderloin divided by a bone shaped like a 'T'. Due to this fact, the T-bone has the best of both worlds in that it has flavour from the bone and Strip and a tender side form the Tenderloin. With this comes a difficulty in preparing the meat as the two sides cook at different speeds
    • Porterhouse - Basically, this cut is a T-bone with a larger portion of Tenderloin than the T-bone would have
       
  • Rib eye – Fore rib area in front of the short loin area. Marbled with a central piece of fat, which makes this cut quite tasty and tender, though it won't be melt in your mouth tender
    • Rib eye originally referred to the cut without the bone (eye of the rib cage), while a Rib Steak is with the bone
       
  • Tenderloin - Runs along both sides of the spine, and is usually harvested as two long snake-shaped cuts of beef
    • Fillet - From the foremost tip of the tenderloin. The most tender, and therefore most expensive of cuts but, lacking true beef flavour, which is why we see it paired with a crust or sauce frequently. Also, due to its location on the Tenderloin, the Fillet is an awkward shape and difficult to cook evenly
    • Many butchers (and restaurants) sell the entire Tenderloin as Fillet though truly any Tenderloin except the foremost tip is Beef Tenderloin, while the foremost tip is the Fillet Mignon (cute fillet)
    • Tenderloin, due to its tenderness, is the choice cut to make carpaccio

How to prepare (according to John):

There is only one way to prepare your steak at home unless you have a restaurant-grade oven - Barbecue (of course):

  • Use thick cut steak to create the appropriate texture on the outside while not over-cooking. If this is too large for portions, halve just prior to serving
  • Steak should start at room temperature and that takes at least 30 minutes prior to cooking, from the fridge
  • Pre-heat grill to maximum heat
  • Salt and pepper (lots) on one side, and only salt and pepper. Why take something as beautiful as a nice steak and douse it in spices or drown it in sauces? Unless the cut of beef calls for it so as to tenderise
  • Place on pre-heated grill, seasoned side down, and season the face up side with salt and pepper again.
  • Rotate 45 degrees for the second half of the cooking time for this side
  • The lid should be closed most of the time, but not necessarily all of the time
  • Flip only once. Rotate 45 degrees half way through again
    • My barbecue, for thick cut steak (1" to 1.25"), is about 215 seconds per side
    • Yours may be different and you'll get accostomed to it but, in order to do that you have to use a stopwatch. Seriously, use a stopwatch
  • Remove from grill and place on grate, not a flat surface, and cover with foil for 10 to 15 minutes. This will cause the beef to cook a little further and also retain its juices

Medium rare is the optimum preparation to enjoy all that the steak has to offer. Anything more is just a disappointing end for the cow, not to mention disappointing for you. If you like your meat burned medium or crisp well done, maybe chicken is the way to go for you. Birds have no feelings


posted in General at Thu, 23 May 2013 11:09:43 -0600



Tuesday, May 14, 2013 - 10 Tips for Water Conservation in the Garden Part 2/2

Saving water in your garden translates to saving money on your water bill. Here?s how to practice garden water conservation and still have a gorgeous yard. 6. Put Thirsty Plants Together To save water, group plants into watering zones. Place the thirstiest plants near the house where they can drink roof runoff. Farther out, make a ?transition zone? for plants that need supplemental drip irrigation. Farther still is a ?natural zone? for native plants that can survive on rainfall alone. 7. Plant ... Full Article...

posted in General at Tue, 14 May 2013 09:44:25 -0600



Friday, May 10, 2013 - 10 Tips for Water Conservation in the Garden Part 1/2

Saving water in your garden and yard trims your water bill and saves an increasingly scarce natural resource. A water-efficient landscape can: Reduce outdoor water use by 20% to 50% Save up to 10,000 gallons a year Shave $30 to $70 off the average annual household water bill Planting drought-tolerant landscaping is one way to turn off the spigot in your garden. Here are other tips for saving water while growing flora. 1. Choose Native Plants Native plants have had eons to adjust to the area?s ... Full Article...

posted in General at Fri, 10 May 2013 13:23:04 -0600



Wednesday, May 8, 2013 - Foreclosure Watch

The current foreclosure total for Edmonton and area is 163 as of May 8. March 28 138 March 1 141 January 31 155 November 6, 2012 228 September 27, 2012 201 August 30, 2012 216 July 26 224 June 28, 2012 262 June 5, 2012 269 May 2, 2012 257 March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with ... Full Article...

posted in Real Estate News at Wed, 08 May 2013 11:15:08 -0600



Monday, May 6, 2013 - April Month-End Real Estate Report

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you...   Inventory Average sale price     Number of sales by month  Number of sales by year   Where has April left us?   With the a later than expected arrival of spring, average prices for housing in the Edmonton Census Metropolitan Area (CMA) decreased month-over-month in April after a surprising uptick in March. The REALTORS® Association of Edmonton reports that the all-residential ...

posted in Real Estate News at Mon, 06 May 2013 10:14:57 -0600



Thursday, April 18, 2013 - Make Your Lawn the Envy of the Block

With the warm weather just around the corner, everyone looks forward to spending time outdoors and in their own backyards with family and friends. However, harsh Canadian winters can leave lawns dry and brittle ? making our favourite haven appear neglected. ?The fluctuating weather patterns we've experienced this winter can result in significant grass damage,? says Mark Cullen, Home Hardware's Gardening Expert. ?Simple steps, such as thorough watering and remembering to fertilize will go a long ... Full Article...

posted in General at Thu, 18 Apr 2013 11:36:48 -0600



Tuesday, April 9, 2013 - 4 Reasons the Edmonton Real Estate Market is Climbing and not Booming

REIN, Real Estate Investors Network, recently blogged about why Alberta isn't in a 'boom' even though it would appear we should be... It's no secret that Edmonton is in a sellers market right now and prices are statistically on the rise but, even though we're short of inventory and the buyers are out, why aren't we in a boom market yet? According to REIN, there are 4 reasons: Once bitten, twice shy.The downturn in '07, at the tail end of Edmonton's greatest boom, is still fresh in people's ...

posted in Real Estate News at Tue, 09 Apr 2013 10:03:09 -0600



Friday, April 5, 2013 - National House Price Survey for Q1 2013 and Market Survey Forecast

The Royal LePage National House Price Survey, the oldest in Canada, was released April 4th. The report breaks down major City centres. Here's what has been happening in Alberta: Low inventory also put upward pressure on prices in Calgary, with increases of 5.1 to 6.8 per cent for housing types surveyed. Although they experienced the smallest price increase, standard condominiums were the most active housing category in the first quarter of 2013. In contrast, Edmonton prices remained relatively ... Full Article...

posted in Real Estate News at Fri, 05 Apr 2013 16:18:08 -0600



Thursday, April 4, 2013 - March Month-End Real Estate Report

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you...   Inventory Average sale price     Number of sales by month  Number of sales by year   Where has March left us? The REALTORS® Association of Edmonton reports that residential property prices in the Edmonton CMA1 were up again in March. The all-residential price (includes single family detached, condominiums, duplexes and row-houses) rose 3.5% in a month and single family detached ... Full Article...

posted in Real Estate News at Thu, 04 Apr 2013 09:55:31 -0600



Thursday, March 28, 2013 - Foreclosure Watch

The current foreclosure total for Edmonton and area is 138 as of March 28. March 1 141 January 31 155 November 6, 2012 228 September 27, 2012 201 August 30, 2012 216 July 26 224 June 28, 2012 262 June 5, 2012 269 May 2, 2012 257 March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with many ...

posted in Real Estate News at Thu, 28 Mar 2013 15:45:09 -0600



Tuesday, March 26, 2013 - Spring is Here! Time to Pretty Up The Exterior of Your Home

Developing a colour scheme will bring the whole package together When our eyes turn to look at the prettiest house on the street, you can bet the owner worked hard to make that happen. The appeal, you may find, is rarely due to just one feature, but rather to several complementary features that create the ?perfect package.? Did you know, for example, that the most attractive home exteriors often use as many as three or four wood stain colour combinations? According to experts, a perfect package ... Full Article...

posted in General at Tue, 26 Mar 2013 15:45:10 -0600



Wednesday, March 13, 2013 - What Kind of Housing Market is Edmonton Experiencing Right Now?

THE question, it seems. I've been asked that umpteen times a week over the past month and a half. Follow up question: Where are we headed this year? The reason for this is the numerous newspaper articles and telecasts spouting off about the 'boom' we seem to be in, due mostly to the increase in average house price both month-over-month and year-over-year. This hype is greatly thanks to the wonderful world of statistics. Facts are stubborn things, but statistics are more pliable.~ Mark Twain I ... Full Article...

posted in Real Estate News at Wed, 13 Mar 2013 14:41:38 -0600



Friday, March 8, 2013 - Bank of Canada Rate Decision

The Bank of Canada Announced that it is maintaining the overnight rate at 1% - unchanged John's Notes: Global financial conditions remain stimulative, despite recent volatility In the United States, the economic expansion is continuing at a gradual pace and private sector demand is gaining momentum Growth in China has improved Commodity prices have remained at historically elevated levels residential investment is expected to decline further from historically high levels With continued slack in ... Full Article...

posted in Buyer at Fri, 08 Mar 2013 14:15:00 -0700



Tuesday, March 5, 2013 - February Month-End Real Estate Report

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you...   Inventory Average sale price     Number of sales by month  Number of sales by year   Where has February left us? The REALTORS® Association of Edmonton reports that the housing market in the Edmonton CMA1 remains active. Residential listing activity was up 10% as compared to January and sales increased by 18.2%. The all-residential price (includes single family detached, ...

posted in Real Estate News at Tue, 05 Mar 2013 17:01:11 -0700



Friday, March 1, 2013 - Foreclosure Watch

The current foreclosure total for Edmonton and area is 141 as of March 1. January 31 155 November 6, 2012 228 September 27, 2012 201 August 30, 2012 216 July 26 224 June 28, 2012 262 June 5, 2012 269 May 2, 2012 257 March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with many pitfalls to avoid ... Full Article...

posted in Real Estate News at Fri, 01 Mar 2013 15:06:02 -0700



Monday, February 25, 2013 - Do You Trust Your Bank?

Mark Carney, Governor of the Bank of Canada (BoC), spoke before the Richard Ivey School of Business, Western University, about trust in major banking systems Six years ago, the collapse of the global financial system triggered the worst global recession since the Great Depression Losing savings, jobs, and houses has been devastating for many. Something else was lost - trust in major banking systems. Over the past year, the questions of competence have been supplanted by questions of ...

posted in Economic News at Mon, 25 Feb 2013 15:16:37 -0700



Friday, February 22, 2013 - So You Want to Buy a Condo?

But, you're afraid of the things you've been hearing... There is a great deal of fear surrounding condos today.One reason for that fear is ignorance. People naturally fear what they don't understand. The second reason is the phrase, 'Special Assessment" (SA). All too often we are hearing about condos with SAs on the horizon and the unfortunate folks who purchased a unit in a building and got surprised with this stress on the pocket book a few short months later. Now we feel that this will ...

posted in Buyer at Fri, 22 Feb 2013 14:12:00 -0700



Tuesday, February 19, 2013 - Edmonton's Infill Policies Are Changing... Who's Side Are You On?

The above is an infill property that I sold in 2012 Should there be more flexibility allowed for those who want a home with a modern design in an established, central neighbourhood, or not? This is an issue that has brought about neighbourhood feuds and heated arguments, even more so lately as the City of Edmonton has decided to rewrite the Mature Neighbourhood Overlay (MNO) - for good or ill. One of the largest complaints of the MNO is that it is too restrictive and requires numerous variances ... Full Article...

posted in Real Estate News at Tue, 19 Feb 2013 15:07:26 -0700



Wednesday, February 6, 2013 - January Month-End Real Estate Report

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you...   Inventory Average sale price     Number of sales by month  Number of sales by year   Where has January left us? Year-over-year average prices and sales were up for most types of residential property in the Edmonton Census Metropolitan Area (CMA) in January. Single Family Dwelling (SFD) average prices were down 1.93% from December but up 7.7% when compared to January 2012. ...

posted in Real Estate News at Wed, 06 Feb 2013 15:46:49 -0700



Thursday, January 31, 2013 - Foreclosure Watch

The current foreclosure total for Edmonton and area is 155 as of January 31. November 6, 2012 228 September 27, 2012 201 August 30, 2012 216 July 26 224 June 28, 2012 262 June 5, 2012 269 May 2, 2012 257 March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with many pitfalls to avoid and nuances ... Full Article...

posted in Real Estate News at Thu, 31 Jan 2013 17:05:35 -0700



Friday, January 25, 2013 - Bank of Canada Rate Decision

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent Status quo is the word from the BOC. Highlights below: Global economic outlook is slightly weaker than the Bank had projected Europe remains in recession Growth in China is improving, though economic activity has slowed Commodity prices have remained at historically elevated levels In Canada, the slowdown in the second half of 2012 was more pronounced than the Bank had ...

posted in Buyer at Fri, 25 Jan 2013 16:11:22 -0700



Thursday, January 24, 2013 - Tired of the Term 'Soft Landing'?

Recent Slowdown in Mortgage Lending and Leading Economists Weigh In While the drop in Canadian house sales that began in the second half of 2012 is likely to continue, the market is headed for a soft landing rather than a crash, one of the country?s largest real estate agencies and a number of bank CEOs predicted Tuesday. Their comments came as the latest data suggest that the steep drop in year-over-year home sales persisted through to the end of the year. ?The number of existing homes sold ... Full Article...

posted in Real Estate News at Thu, 24 Jan 2013 14:39:41 -0700



Thursday, January 17, 2013 - 4 Mistakes to Avoid While Waiting for the Keys to Your New Home

So. You've secured financing and removed conditions. Now all you have to do is wait a few weeks for the keys to your new home. There are still a lot of things that can go wrong at this stage of the game. Here are four mistakes to avoid: Making a big purchase This is not the time to go out and take your credit card out for a spin. That toy you've been dreaming about could throw a wrench on the wroks! A new car, boat, motorhome, or furniture could be just the ticket to brings things crashing ...

posted in Buyer at Thu, 17 Jan 2013 11:56:58 -0700



Wednesday, January 9, 2013 - Builders React to Positive Economic Indicators

Canadian Mortgage and Housing Corporation (CMHC) released its 2012 year-end report on new housing starts The information is broken down into Edmonton proper and the Edmonton Census Metropolitan Area (CMA). Also, the statistics are categorized into either Single Family Detached (SFD) homes and multi-family construction including duplexes, apartments,  and townhouses. Some of the highlights of the report: SFD new construction starts are up from 2011 figures by 14% in Edmonton and 13% in the ...

posted in Economic News at Wed, 09 Jan 2013 11:17:55 -0700



Tuesday, January 8, 2013 - National House Price Survey for Q4 2012 and Markeet Survey Forecast

The Royal LePage House Price Survey is the largest, most comprehensive study of its kind in Canada, with information on seven types of housing in over 250 neighbourhoods from coast to coast. Released on January 8, 2013, the survey and forecast is abbreviated here. Canada Fewer homes are expected to trade hands in the first half of 2013 By the end of 2013, Royal LePage expects the average national home price to be 1.0 per cent higher compared to 2012 In the fourth quarter, standard two-storey ... Full Article...

posted in Real Estate News at Tue, 08 Jan 2013 17:20:06 -0700



Thursday, January 3, 2013 - 2012 Year End Real Estate Report

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you...   Inventory Average sale price     Number of sales by month  Number of sales by year   Where has 2012 left us? The local housing market in 2012 ended as it began, with robust sales, slowly increasing prices, stability and an optimistic swagger. The average all-residential price in December was $333,140, up 1.5% from the previous month. The price in December 2011 was $316,020. Sales ... Full Article...

posted in Real Estate News at Thu, 03 Jan 2013 16:08:01 -0700



Tuesday, November 6, 2012 - October Month-End Real Estate Report

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you...   Inventory Average sale price     Number of sales by month  Number of sales by year   Where has October left us? Even with ghosts, ghouls, and goblins running through the streets, homeowners could find refuge in the local housing market. The REALTORS® Association of Edmonton reports that housing prices in October were up compared to a year ago and are the highest in October in the ... Full Article...

posted in Real Estate News at Tue, 06 Nov 2012 17:24:49 -0700



Tuesday, November 6, 2012 - Foreclosure Watch

The current foreclosure total for Edmonton and area is 228 as of November 6th. September 27, 2012 201 August 30, 2012 216 July 26 224 June 28, 2012 262 June 5, 2012 269 May 2, 2012 257 March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with many pitfalls to avoid and nuances that must be ...

posted in Real Estate News at Tue, 06 Nov 2012 17:13:39 -0700



Thursday, November 1, 2012 - The Sky Is Falling!!! Sorry, my bad... wrong again.

CIBC Deputy Chief Economist Benjamin Tal has put things into perspective and silenced the 'Chicken Littles' of Canada in a recent report released by CIBC. The report notes that while there are a number of factors that raise concerns about Canada's housing market, there are fundamental differences between the Canadian and U.S. markets that should see a soft landing for the real estate market here. "To be sure, house prices in Canada will probably fall in the coming year or two, but any ...

posted in Real Estate News at Thu, 01 Nov 2012 18:42:11 -0600



Tuesday, October 16, 2012 - Canadian House Price Survey

Canadian House Prices Edge Up in Third Quarter While the Number of Home Sales Fall First-time buyer activity drops as market adjusts to new mortgage regulations Average price of a home in Canada increased year-over-year between 1.8 and 4.8 per cent in the third quarter of 2012 Fewer homes were sold compared to the same period in 2011?A drop in the number of homes trading hands typically precedes a period of softening house prices." Said Phil Soper, president and chief executive, Royal LePage. ... Full Article...

posted in Real Estate News at Tue, 16 Oct 2012 15:42:06 -0600



Tuesday, October 2, 2012 - September month-end real estate report

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you...   Inventory Average sale price     Number of sales by month  Number of sales by year   Where has September left us? The REALTORS® Association of Edmonton reports that residential listings and sales have trended lower in the third quarter after an active start to the year. In September, there were 1,269 residential sales in the greater Edmonton market as compared to 1,442 in ...

posted in Real Estate News at Tue, 02 Oct 2012 16:49:50 -0600



Thursday, September 27, 2012 - Foreclosure Watch

The current foreclosure total for Edmonton and area is 201 as of September 27th. August 30, 2012 216 July 26 224 June 28, 2012 262 June 5, 2012 269 May 2, 2012 257 March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with many pitfalls to avoid and nuances that must be understood... If you would like ... Full Article...

posted in Real Estate News at Thu, 27 Sep 2012 14:51:03 -0600



Wednesday, September 5, 2012 - August Month-End Real Estate Report

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you...   Inventory Average sale price     Number of sales by month  Number of sales by year   Where has August left us? Residential property sales in August slowed both month-to-month and year-to-year, mirroring a trend that has evolved nationally all summer. Sales of all types of residential properties in August (1,430) were down 17.4% from July and down 10.7% from a year ago. The number ... Full Article...

posted in Real Estate News at Wed, 05 Sep 2012 15:53:44 -0600



Wednesday, September 5, 2012 - Bank of Canada Maintains Overnight Rate

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Global growth prospects are unfolding largely as the Bank projected in its July Monetary Policy Report (MPR), with a widespread slowing of activity across advanced and emerging economies. The economic expansion in the United States continues at a gradual pace. Europe is in recession and its crisis, while ... Full Article...

posted in Buyer at Wed, 05 Sep 2012 15:49:49 -0600



Thursday, August 30, 2012 - Foreclosure Watch

The current foreclosure total for Edmonton and area is 216 as of August 30th. July 26 224 June 28, 2012 262 June 5, 2012 269 May 2, 2012 257 March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with many pitfalls to avoid and nuances that must be understood... If you would like additional information ... Full Article...

posted in Real Estate News at Thu, 30 Aug 2012 09:56:34 -0600



Tuesday, August 28, 2012 - On the hunt for a Contactor? 6 Tips to Hiring the Right Contractor

Hiring the right contractor, just like hiring the right Realtor®, isn't something to be rushed into... Did you know that a contractor must have a business licence? Back in 2010, Edmonton's Munnicipal Enforcement Officers fined 7 contractors for lack of licence in the second of two sting operations that year. The contractors were told before hand that they needed a business licence from the City, but still showed up without one. Additionally, did you know that for a contractor to legally ...

posted in General at Tue, 28 Aug 2012 17:54:37 -0600



Friday, August 17, 2012 - What are the Differences Between the Canadian and US Housing Finance Systems?

Highlights of the different systems: CMHC does not have a policy goal of increasing the rate of homeownership. Rather, we encourage the availability of housing across a variety of tenure types ? homeownership, rental housing, supportive housing and transitional housing. The housing needs of low income Canadians are addressed through government assistance programs.  In the U.S., federal policy actively encourages homeownership. Consistent with this policy, Fannie Mae and Freddie Mac, as ...

posted in Economic News at Fri, 17 Aug 2012 16:33:08 -0600



Wednesday, August 8, 2012 - July Month-End Real Estate Report

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you...   Inventory Average sale price     Number of sales by month  Number of sales by year   Where has July left us? The average* price of resale residential property softened in July according to figures released by the REALTORS® Association of Edmonton today. The all-residential average price dropped from $342,014 in June to $335,501 in July (down 1.9%). The average single family ...

posted in Real Estate News at Wed, 08 Aug 2012 11:19:21 -0600



Thursday, July 26, 2012 - Foreclosure Properties in the Edmonton Area

The current foreclosure total for Edmonton and area is 224 as of July 26th. June 28, 2012 262 June 5, 2012 269 May 2, 2012 257 March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with many pitfalls to avoid and nuances that must be understood... If you would like additional information about ...

posted in Economic News at Thu, 26 Jul 2012 11:03:49 -0600



Thursday, July 26, 2012 - Can I Have a Fire Pit and if so, What are the Rules?

Each Municipality has its own rules governing outdoor fire pits... Edmonton specifies the following regarding fire pits: Be at least 3 meters (10 feet) from buildings, property lines and anything else that could catch fire Be less than 0.6 meters (2 feet) high Be less than 1 meter (3 feet) wide Have enclosed sides made from bricks, concrete or heavy-gauge metal Have a mesh screen on top to stop sparks (spark-arrestor) with openings smaller than 1.25 cm (1/2 inch There are limitations on what ... Full Article...

posted in General at Thu, 26 Jul 2012 10:37:22 -0600



Wednesday, July 25, 2012 - So. Your Basement Flooded...

Now, who is responsible for the clean up and replacement of your belongings? Let's start with whether you live in a condominium(condo) or a single family(SF) residence. If you live in a SF you may think it's pretty simple... if you have insurance you're covered. You may be surprised to discover that your insurance policy does not cover every type of water penetration into your basement! What is sometimes covered? Sewer backup Sump pump failure For both of these you should check your policy as ... Full Article...

posted in General at Wed, 25 Jul 2012 10:17:36 -0600



Wednesday, July 11, 2012 - Canada's Most Comprehensive House Price Survey Released For The 2nd Quarter Of 2012

The Royal LePage House Price Survey and Market Survey Forecast for the 2nd Quarter of 2012 was released yesterday and here are some of the bullet points Average price of a home in Canada increased year-over-year between 3.3 and 5.5 per cent  ?We have had three years of solid house price appreciation in almost all regions of the country,? said Phil Soper, president and CEO of Royal LePage Real Estate Services  The first-time buyer segment of the population, which represents up to half or all ... Full Article...

posted in Real Estate News at Wed, 11 Jul 2012 10:14:40 -0600



Wednesday, July 4, 2012 - June Month End Real Estate Report

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you...   Inventory Average sale price     Number of sales by month  Number of sales by year   Where has June left us? At the end of the first half of the year, housing prices in all residential categories are up from the same time last year. On average1, residential prices are 3.2% higher than June of last year. The all-residential average price was $342,014 in June while single-family ... Full Article...

posted in Real Estate News at Wed, 04 Jul 2012 13:55:58 -0600



Thursday, June 28, 2012 - Foreclosure Totals in Edmonton and Area

The current foreclosure total for Edmonton and area is 262 as of June 28th. June 5, 2012 269 May 2, 2012 257 March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with many pitfalls to avoid and nuances that must be understood... If you would like additional information about foreclosures in general ...

posted in Economic News at Thu, 28 Jun 2012 12:17:35 -0600



Thursday, June 21, 2012 - Again, We Have New Mortgage Rules Rolling Out

As of July 9th, 2012, there will be a new rule book by which home owners and home buyers will have to play. The specifics of the new changes are as follows: The maximum amortization period for a mortgage will be lowered from 30 years to 25 yearsPro - Decreases the amount of interest a home owner pays over the life of the mortgage Con - Decreases the borrowing power of the Buyer  Decreased the maximum amount home owners can borrow when refinancing from 85% to 80%Pro - Keeps home owners from ... Full Article...

posted in Mortgage Information at Thu, 21 Jun 2012 12:54:20 -0600



Wednesday, June 20, 2012 - Mosquitos. They're on the way I'm sure

So far so good but, it is Edmonton and I'm sure the mosquitos are en route With the hot, humid, and dry summer months ahead, we can finally look forward to being outdoors and enjoying all the fun activities summer has to offer. However, summer is also a time where mosquitoes and deer ticks like to roam and make our lives miserable and uncomfortable. Here are some tips and recommendations to make sure you make it through mosquito season: Wear light-coloured, loose clothes and avoid scented ...

posted in General at Wed, 20 Jun 2012 16:52:43 -0600



Tuesday, June 12, 2012 - Vacancy Rates as Low as 2007

According to the Canada Mortgage and Housing Corporation (CMHC), Alberta and specifically, Edmonton, has found firm footing again An excellent indicator of the future state of the resale housing market is often the current state of the rental market. That being said, here are a few excerpts from the CMHC Rental Market Report: The average apartment vacancy rate in Alberta?s urban centres was 3.0 per cent in April 2012, down from 4.7 per cent in April 2011  The apartment vacancy rate declined in ... Full Article...

posted in Economic News at Tue, 12 Jun 2012 11:36:04 -0600



Tuesday, June 5, 2012 - May Month End Real Estate Report

Residential Real Estate activity for the Edmonton area, a few charts and some commentary for you...   Inventory Average sale price     Number of sales by month  Number of sales by year   Where has May left us? Home buyers in Edmonton are facing one of the most affordable markets in Canada according to a recent RBC market survey. That is confirmed by month end figures released by the REALTORS® Association of Edmonton for residential property sold in May through the Multiple Listing ... Full Article...

posted in Real Estate News at Tue, 05 Jun 2012 16:25:02 -0600



Tuesday, June 5, 2012 - Foreclosure Properties in the Edmonton Area

The current foreclosure total for Edmonton and area is 269 as of June 5th. May 2, 2012 257 March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with many pitfalls to avoid and nuances that must be understood... If you would like additional information about foreclosures in general and/or a particular ... Full Article...

posted in Economic News at Tue, 05 Jun 2012 16:17:35 -0600



Thursday, May 31, 2012 - Major Renovations - Which Ones?

Choosing the areas to best spend your updating budget for resale purpose comes down to the Return on Investment (ROI)  

posted in Seller at Thu, 31 May 2012 14:42:03 -0600



Tuesday, May 29, 2012 - Home Staging - Lighting

The proper lighting, and lots of it, can greatly affect your bottom line Have a look at this short video to get you going in the right direction.

posted in Seller at Tue, 29 May 2012 12:41:25 -0600



Thursday, May 24, 2012 - Home Staging - Furniture Placement

Home staging doesn't necesarily have to involve bringing in extra furniture Often, moving your existing furniture around is enough to create the desired affect:  

posted in Seller at Thu, 24 May 2012 11:18:23 -0600



Wednesday, May 16, 2012 - How to Create Curb Appeal

Every little bit helps to sell your home for more money I always give advice and suggestions to increase buyer appeal before I start marketing my clients' homes. Every tiime you can give your property a leg-up on the competition, it's like you're pocketing a little extra money! Curb appeal is the first impression your homes gives to perspective buyers and shouldn't be neglected. I've had many buyers pull up to a home with intentions of viewing and then refuse to even bother going inside. They ... Full Article...

posted in Seller at Wed, 16 May 2012 15:36:53 -0600



Wednesday, May 16, 2012 - How Often Do You Clean Your Car?

When you spend as much time as I do in my vehicle, you start to wonder what you're missing when getting ready to have clients in your 'office' (NC)?Although Canadians have a reputation for being neat and tidy, focusing on cleanliness doesn't appear to be a priority when it comes to our cars. When compared to the amount of time spent cleaning the kitchen, vehicles are often a neglected source of dirt and grime. According to a survey conducted by Canadian Tire, almost half of Canadian drivers ... Full Article...

posted in General at Wed, 16 May 2012 10:53:44 -0600



Tuesday, May 15, 2012 - Bank of Canada Unveils New $20 Note Design

Bank Note seven-storey unveiling! Minister of Finance Jim Flaherty and Governor Mark Carney today unveiled the new and more secure $20 polymer bank note at the Bank of Canada?s head office, on Wellington Street in Ottawa. To raise public awareness about the new note, the building?s north-east corner now features seven-storey high images of both sides of the polymer $20. As with the previously issued $50 and $100 polymer bank notes, the main reason for issuing a new $20 is to stay ahead of ...

posted in General at Tue, 15 May 2012 14:46:23 -0600



Thursday, May 3, 2012 - April Month-End Real Estate Report

  Inventory Average sale price     Number of sales by month  Number of sales by year   Where has April left us?  According to figures released by the REALTORS® Association of Edmonton, there is a sea of calm in the local real estate market. Residential sales through the Multiple Listing Service® System in April were up 5.3% from the same month last year but below average for April. There were 1,713 residential sales in April as compared to the 5-year average of 1,940 sales. There ... Full Article...

posted in Real Estate News at Thu, 03 May 2012 14:03:53 -0600



Wednesday, May 2, 2012 - Foreclosure Watch

The current foreclosure total for Edmonton and area is 257 as of May 2nd. March 29, 2012 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with many pitfalls to avoid and nuances that must be understood... If you would like additional information about foreclosures in general and/or a particular property, don't ...

posted in Economic News at Wed, 02 May 2012 10:31:55 -0600



Tuesday, April 24, 2012 - Renovating? Which Projects Have a Good Return on Investment?

Which home renovations pay for themselves? This is a question I get asked quite frequently and if you know me it won't surprise you to hear me say, 'People buy kitchens, bathrooms, and garages." These are the projects that buyers are willing to dish out the coin to have upgraded in their new home or, in the case of the garage, are willing to potentially pay more than the cost of building one themselves. Other areas that receive a reasonable rate of return are: Paint - both exterior and interior ... Full Article...

posted in Seller at Tue, 24 Apr 2012 16:20:33 -0600



Wednesday, April 18, 2012 - The Bankof Canada Rate Decision

The Bank of Canada announced that it is maintaining the overnight rate at 1% The profile for global economic growth has improved since the Bank released its January Monetary Policy Report (MPR). Europe is expected to emerge slowly from recession in the second half of 2012, although the risks around this outlook remain high.  The profile for U.S. growth is slightly stronger, reflecting the balance of somewhat improved labour markets, financial conditions and confidence on the one hand, and ...

posted in Economic News at Wed, 18 Apr 2012 09:51:20 -0600



Wednesday, April 11, 2012 - Current Mortgage Rates

Rates were at an all time low recently and have bumped up slightly. Still exellent rates based on historical figures. Term The Bank Posted Rate Best Rate Change 1 year Fixed 3.20% 2.74% +0.30 2 year Fixed 3.55% 2.74% +0.10 3 year Fixed 3.95% 3.00% +0.21 4 year Fixed 4.64% 3.19% +0.24 5 year Fixed 5.29% 3.24% +0.26 7 year Fixed 6.16% 3.99% +0.04 10 year Fixed 6.75% 3.99% +0.04 Variable rate mortgage 3.00% 2.90% +0.40 Other products that have recently caught my eye include: 5yr variable ... Full Article...

posted in Mortgage Information at Wed, 11 Apr 2012 16:06:54 -0600



Thursday, April 5, 2012 - March Month-End Real Estate Report

  Inventory Average sale price     Number of sales by month  Number of sales by year   Where has March left us? At the end of the first quarter, the REALTORS® Association of Edmonton reports that the average residential price in the Edmonton area is up 2.2% when compared to a year ago. The all-residential average1 price, at $335,187 compared to $328,094 in March of last year. Single family detached (SFD) and condominium average prices were stable year-over-year with SFD prices up ... Full Article...

posted in Real Estate News at Thu, 05 Apr 2012 09:22:23 -0600



Monday, April 2, 2012 - Hiring the Right Electrician

Credentials. Electricians need them and you have a right to ask for them If you're like many Canadians, warmer weather probably gets you thinking about home improvements. In fact, a recent Bank of Montreal study found that two-thirds of us plan to renovate in some way over the next two years. As a nation, we spend $20 billion on home renovations each year. You'll want to make sure you get the job done right, though. More than a third of homeowners have reported that they have had bad ...

posted in General at Mon, 02 Apr 2012 16:58:59 -0600



Thursday, March 29, 2012 - Foreclosure Watch

The current foreclosure total for Edmonton and area is 249 March 1, 2012 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with many pitfalls to avoid and nuances that must be understood... If you would like additional information about foreclosures in general and/or a particular property, don't hesitate to contact me. Edmonton ...

posted in Economic News at Thu, 29 Mar 2012 15:22:14 -0600



Wednesday, March 28, 2012 - Current Mortgage Rates

Rates have recently gone down slightly but, are likely to be on the rise again very shortly. Term The Bank Posted Rate Best Rate Change 1 year Fixed 3.20% 2.44% -0.30 2 year Fixed 3.55% 2.64% -0.10 3 year Fixed 3.95% 2.79% -0.15 4 year Fixed 4.64% 2.95% -0.10 5 year Fixed 5.29% 2.98% -0.26 7 year Fixed 6.16% 3.95% -0.04 10 year Fixed 6.75% 3.95% -0.04 Variable rate mortgage 3.00% 2.50% -0.40

posted in Mortgage Information at Wed, 28 Mar 2012 11:33:30 -0600



Friday, March 16, 2012 - Seasonally High Sales May Take Wind Out of Spring Sails

I'm sure it comes as no surprise to many of you that due to the lack of a winter, we've seen seasonably strong numbers from the housing market But, the question is, can this extend into the spring market? There's growing speculation that some of the, usually strong, spring market is being 'used up' due to the A-typical weather we've been experiencing. Something bad HAD to come out of this amazing winter! In Edmonton for February, we say sales reach 1,231 units and in 2011 for the same period we ... Full Article...

posted in Real Estate News at Fri, 16 Mar 2012 12:57:11 -0600



Wednesday, March 14, 2012 - Mortgage Vacation... Is This a Good Idea?

Many banks, if not all, are willing to allow you to pre-pay your mortgage and then take a vacation from paying it down. Good or bad idea? According to TD Bank, here's how it works: You have to pre-pay your mortgage for the amount that would be owed during your vacation, prior to taking the Mortgage Vacation, and then you can take up to 4 months vacation from your mortgage. Example: Your mortgage is $1,000/month and you want to take a 4 month break in the near future You first need to apply at ... Full Article...

posted in Mortgage Information at Wed, 14 Mar 2012 11:43:05 -0600



Tuesday, March 13, 2012 - Bank of Canada Rate Decision

The Bank of Canada announced that it is maintaining the overnight rate at 1% The heightened uncertainty around the global economic outlook has decreased in the weeks since the Bank released its January Monetary Policy Report (MPR). With tentative signs of stabilisation in European bank funding and sovereign debt markets, conditions in global financial markets have improved and risk aversion has decreased. However, the global economy is still expected to grow below its trend rate as the ...

posted in Economic News at Tue, 13 Mar 2012 14:59:04 -0600



Tuesday, March 6, 2012 - February Month-end Real Estate Report

  Inventory Average sale price     Number of sales by month  Number of sales by year   Where has February left us? The REALTORS® Association of Edmonton reports that housing prices were up in all housing categories in February in the Edmonton area. The all-residential average1 price, at $329,911, was up 3.7% from January and up 5.7% when compared to the same month last year.  ?Average prices in February were higher than the year-long average price for last year,? said REALTORS® ... Full Article...

posted in Real Estate News at Tue, 06 Mar 2012 11:30:25 -0700



Thursday, March 1, 2012 - Foreclosure Watch

The current foreclosure total for Edmonton and area is 227 January 26, 2012 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with many pitfalls to avoid and nuances that must be understood... If you would like additional information about foreclosures in general and/or a particular property, don't hesitate to contact me. Edmonton Foreclosures ...

posted in Economic News at Thu, 01 Mar 2012 16:00:38 -0700



Thursday, March 1, 2012 - Current Mortgage Rates

Rates have recently bumped up slightly... Term The Bank Posted Rate Best Rate Change 1 year Fixed 3.20% 2.74% +0.50 2 year Fixed 3.55% 2.74% +0.30 3 year Fixed 3.95% 2.94% +0.30 4 year Fixed 4.64% 3.09% +0.10 5 year Fixed 5.29% 3.24% / 7 year Fixed 6.16% 3.99% +0.04 10 year Fixed 6.75% 3.99% +0.04 Variable rate mortgage 3.00% 2.90% +0.40

posted in Mortgage Information at Thu, 01 Mar 2012 15:56:51 -0700



Monday, February 27, 2012 - Does Your Mortgage Insurance Really Protect You?

Post-claim underwriting, a procedure outlawed in many states, is still active across Canada and could cost you your family's peace of mind. When purchasing this product the idea is that mortgage insurance will activate, should you become seriously ill, to make the payments on your home or even pay off the mortgage. Not the reality... Click here for more.

posted in General at Mon, 27 Feb 2012 21:56:18 -0700



Wednesday, February 22, 2012 - Current Mortgage Rates

Rates have recently bumped up slightly... Term The Bank Posted Rate Best Rate Change 1 year Fixed 3.20% 2.24% / 2 year Fixed 3.55% 2.44% / 3 year Fixed 3.95% 2.64% / 4 year Fixed 4.64% 2.99% / 5 year Fixed 5.29% 3.24% / 7 year Fixed 6.16% 3.95% / 10 year Fixed 6.75% 3.95% / Variable rate mortgage 3.00% 2.50% /

posted in Mortgage Information at Wed, 22 Feb 2012 10:42:30 -0700



Friday, February 17, 2012 - Bank Report Lists Alberta #1

Bank report from BMO reveals hottest investor markets A new report on varying provincial fortunes hints at where to make that next real estate investment. Psst, there's oil there. ?Strength in the energy sector has rekindled in-migration and helped firm up the labour market,? writes economist Robert Kavcic, touching on Alberta in the new edition of the BMO Blue Book ?With the recent growth spurt, measures of cost pressure and capacity constraints are picking up, but remain far from the extremes ... Full Article...

posted in Real Estate News at Fri, 17 Feb 2012 12:16:46 -0700



Thursday, February 16, 2012 - The Right Paperwork for Smooth Travel

Passport? Check. Boarding pass? Check. Credit Card? Check. Generally, these items are top-of-mind for travelers setting out for a journey, but March Break travellers should carry much more to help ensure a stress-free vacation this year. Should an emergency occur on your vacation, having the right documentation on hand can significantly speed up the time it takes to resolve an issue so you can go back to enjoying your holiday. Photocopying important travel documents like passports, driver's ... Full Article...

posted in General at Thu, 16 Feb 2012 16:42:05 -0700



Monday, February 6, 2012 - 28% of Renters Plan to Buy in the Next Two Years

According to a recent online study conducted by TNS Canada for TMG The Mortgage Group Canada, 28% of renters plan to buy a home in the next two years Over half of these buyers indicated that they would be willing to hurry their move if they felt mortgage rates were soon to be on the rise. This has the potential to increase demand for housing by 12%. Some of the findings: 28% of current renters plan to buy in the next 2 years and one third of those in the next 12 months 54% said they would hurry ... Full Article...

posted in Economic News at Mon, 06 Feb 2012 16:40:47 -0700



Friday, February 3, 2012 - January Month-End Real Estate Report

  Inventory Average sale price     Number of sales by month  Number of sales by year   Where has January left us? It was a typical January. The REALTORS® Association of Edmonton reports that housing prices in January softened and sales numbers were low as compared to the previous month. This January followed the usual trend with prices generally lower than the previous month and sales on par with December. However, except for the condo market, year-over-year prices and residential ... Full Article...

posted in Real Estate News at Fri, 03 Feb 2012 16:07:42 -0700



Thursday, February 2, 2012 - Do I Have to Disclose a Defect When I Sell My Home?

There are two kinds of defects, Patent and Latent, and you should know your responsibilites to a potential Buyer for each. A patent defect is one that is easily discoverable by a Buyer on inspection of a home. i.e. - a broken window  A Latent defect is one that is NOT easily discoverable. i.e. - leak in a foundation A patent defect does not have to be disclosed, as it is easily discoverable through a reasonable inspection of the property, while a latent defect HAS to be disclosed, according to ... Full Article...

posted in Seller at Thu, 02 Feb 2012 15:23:07 -0700



Thursday, January 26, 2012 - Foreclosure Watch - January 26

The current foreclosure total for Edmonton and area is 221 January 3, 2012 221 November 28, 2011 232 October 4, 2011 228 September 1, 2011 226 June 22, 2011 206 March 15, 2011 273 January 29, 2011 258 Foreclosures are a tricky business with many pitfalls to avoid and nuances that must be understood... If you would like additional information about foreclosures in general and/or a particular property, don't hesitate to contact me. Edmonton Foreclosures (130) Beaumont and Leduc ...

posted in Economic News at Thu, 26 Jan 2012 15:18:19 -0700



Thursday, January 26, 2012 - Vancouver Waaaaaaay Too Expensive

Vancouver edges out Sydney Australia as second-most expensive place to live Just behind Hong Kong, Vancouver has the second highest cost of living among English-speaking cities. Vancouver?s median home price of $678,000 in the third quarter was 10.6 times its median pre-tax household income of $63,800 A ratio of 3 or less is considered ?affordable? Massively Deteriorating ?The causes of massively deteriorating housing affordability are not a mystery,? wrote Wendell Cox, principal of ...

posted in Real Estate News at Thu, 26 Jan 2012 15:06:37 -0700



Wednesday, January 11, 2012 - To Move or Renovate?

Should we relocate to find the home we want or should we renovate to create the home we want? This is a common cross-roads for many home owners. There is a great deal that should be considered prior to commiting to one or another: Can we afford the renovations we want? Can we afford the new home we want? Are we willing to sacrifice our time to do the renovations? Are we willing to sacrifice the quality of life we have for the renovations? Does the new neighbourhood stack up to the existing ...

posted in General at Wed, 11 Jan 2012 13:38:32 -0700



Wednesday, January 4, 2012 - December Month-End Real Estate Report

  Inventory Average sale price     Number of sales by month  Number of sales by year   Where has December left us? The REALTORS® Association of Edmonton reported that the all-residential average price for real estate sales through the Multiple Listing Service® (MLS®) in December was up 1.7% ($316,415) from a year ago. The average price of a single family detached home was also up 2.0% to $364,803 from December 2010. Relative to last December housing prices were up overall as well. ... Full Article...

posted in Real Estate News at Wed, 04 Jan 2012 12:41:44 -0700



Tuesday, January 3, 2012 - Foreclosure Watch - January 3, 2012

The current foreclosure total for Edmonton and area is 221 November 28 - 232October 4 - 228September 1 - 226June 22 - 206March 15 - 273January 29 - 258 Foreclosures are a tricky business with many pitfalls to avoid and nuances that must be understood... If you would like additional information about foreclosures in general and/or a particular property, don't hesitate to contact me. ?Edmonton Foreclosures (137)?Beaumont and Leduc Foreclosures (5)?Sherwood Park and St. Albert Foreclosures ...

posted in Economic News at Tue, 03 Jan 2012 12:05:39 -0700



Thursday, December 15, 2011 - Top 10 Places to Invest in Canada

According to REIN (Real Estate Investment Network) president, Don Campbell the following are the top 10 places in Canada to invest: Calgary, ABIn the aftermath of its real estate boom, Calgary has now entered a stable and more realistic correction phase. The Real Estate Investment Network sees the provincial economy about to enjoy another growth spurt, which means, coupled with this phase of affordability, Calgary is an ideal city for investment right now. And when the growth spurt does happen, ... Full Article...

posted in Real Estate News at Thu, 15 Dec 2011 12:33:54 -0700



Tuesday, December 13, 2011 - November Month-End Real Estate Report

  Inventory Average sale price     Number of sales by month  Number of sales by year   Where has November left us? There were no surprises in the month-end Multiple Listing Service® sales figures for the month of November released by the REALTORS® Association of Edmonton today. The all-residential average* sales price of $321,135 was up less than one percent from last month and last November. Single family detached homes sold on average for $365,734 which is marginally higher than ... Full Article...

posted in Real Estate News at Tue, 13 Dec 2011 15:35:14 -0700



Tuesday, December 6, 2011 - Bank of Canada Maintains Overnight Rate

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Uncertainty around the global economic outlook has increased in the weeks since the Bank released its October Monetary Policy Report (MPR). Conditions in global financial markets have deteriorated as the sovereign debt crisis in Europe has deepened. Additional measures will be required to contain the ...

posted in Economic News at Tue, 06 Dec 2011 14:12:44 -0700



Wednesday, November 9, 2011 - Housing Market in Edmonton Looks to Gain in 2012

According to the Canadian Mortgage and Housing Corporation (CMHC), 2012 is looking to finally shake the stigma of the 'r' word. The Fall 2011 study has come out and while things aren't looking rosy, it seems they are certainly on the right path, according to the CMHC. I've compiled some excerpts from the Housing Market Outlook on the Edmonton resale market: Expect sales to increase three per cent in 2012 to 17,200 units, slightly below the ten-year annual average of close to 18,000 units.  The ... Full Article...

posted in Economic News at Wed, 09 Nov 2011 15:47:00 -0700



Thursday, November 3, 2011 - October Month-End Real Estate Report

  Inventory Average sale price     Number of sales by month  Number of sales by year   Where has October left us? In October the streets are overrun with ghoulish figures and scary characters but homeowners had no reason to fear the local housing market. Average prices for all types of residential property softened in October as part of the seasonal trend. In October the average* price of a single family detached home dipped lower than the two previous years and the previous ...

posted in Real Estate News at Thu, 03 Nov 2011 12:24:26 -0600



Thursday, October 27, 2011 - What kind of Market are we in?

Wow. I get that question more than almost any other question... right behind 'What is my home worth?' Buyers and Sellers take the time to compile information before making the big decision... is now the right time for them to make their move? That's fantastic! However, it's important to ensure that you are not only doing research, but also making sure that the research you are doing is pertinent, not to mention taking all the information in without personal bias. Over my years in real estate ... Full Article...

posted in Real Estate News at Thu, 27 Oct 2011 12:54:57 -0600



Wednesday, October 26, 2011 - Foreclosure Watch - October 26th

The current foreclosure total for Edmonton and area is 232.October 4 - 228September 1 - 226June 22 - 206March 15 - 273January 29 - 258 Foreclosures are a tricky business with many pitfalls to avoid and nuances that must be understood... If you would like additional information about foreclosures in general and/or a particular property, don't hesitate to contact me. ?Edmonton Foreclosures (163)?Beaumont and Leduc Foreclosures (3)?Sherwood Park and St. Albert Foreclosures (15)?Spruce grove, Stony ... Full Article...

posted in Economic News at Wed, 26 Oct 2011 11:50:54 -0600



Tuesday, October 25, 2011 - Bank of Canada Maintains Overnight Rate

The continued global slowdown, as well as downward domoestic pressures, has caused the Bank of Canada (BOC) to ensure that borrowing is affordable for Canadian businessess and individuals Some of the points made by the BOC as justification for no increase to the overnight rate: '...ongoing deleveraging by banks and households...' '...declining business and consumer confidence...' Europe will experience a recession 'The United States, diminished household confidence, tighter financial conditions ... Full Article...

posted in Economic News at Tue, 25 Oct 2011 13:43:14 -0600



Thursday, October 20, 2011 - Time to Clean the Gutters!

Proper maintenance and cleaning of your home?s gutters and downspouts is about more than simply keeping the exterior of your home looking nice. It may prevent damage to your home?s interior due to flooding through the foundation and walls or leaks in the roof due to seepage of water. Gutters and downspouts should be cleaned and checked for signs of necessary repairs at least twice a year. Typically, the best times to do this are late spring and late fall. If you suspect a problem or live in an ... Full Article...

posted in General at Thu, 20 Oct 2011 14:18:05 -0600



Thursday, October 6, 2011 - Government Grants to Revitalize Edmonton Communities

The Development Incentive Program, launched in May of 2010, is designed to 'revitalize and reinvest in some of Edmonton's main street commercial areas that need added support.' The areas included in the program are Alberta Avenue, Beverly, Chinatown and Little Italy, Inglewood, North Edge, Old Strathcona and Stony Plain Road and area. The financial incentives may be provided to the property owners in these Enterprise Areas of the Business Revitalization Zones who invest in the new development, ... Full Article...

posted in General at Thu, 06 Oct 2011 09:46:34 -0600



Wednesday, October 5, 2011 - Is a US-Style Correction Coming to Canada?

According to the Q3 Royal LePage House Price Survey (RLHPS) and Phil Soper, president and chief executive of Royal LePage Real Estate Services., '...fears of a US-style correction are completely unfounded.' (The Royal LePage House Price Survey is the largest, most comprehensive study of its kind in Canada, with information on seven types of housing in over 250 neighbourhoods from coast to coast.) The Q3 RLHPS was released today showing the average price of a home in Canada increased between 5.7 ... Full Article...

posted in Economic News at Wed, 05 Oct 2011 14:47:50 -0600



1 - 100 of 189
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. Data last Updated: Sun, 10 Dec 2017 20:41:50 America/Edmonton
This site's content is the responsibility of John Wegner, licensed REALTOR® in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2017, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker