September Real Estate Statistics Are Here!

It’s an exciting time to be a part of the bustling Edmonton real estate market! As an experienced brokerage in this vibrant community, it’s our pleasure to share with you the latest data from the REALTORS® Association of Edmonton and shed light on what it could mean for you, whether you’re buying, selling, or simply keeping an eye on the market.

Unit Sales

Despite a decrease in unit sales during August and September 2024, with 2,591 and 2,256 residential unit sales respectively, we’ve seen a consistent year-over-year growth. In comparison to 2023, unit sales were up by eye-opening percentages of 15.8% and 10.0%. This suggests that although the market has cooled from its previous months, it remains…

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Beware of Real Estate Fraud in Canada: Understanding & Navigating the Landscape

Being in the real estate market can be a thrilling venture. It offers untold opportunities for homebuyers and investors alike. However, this venture can quickly transform from exciting to devastating if you fall victim to real estate fraud. In Canada, a variety of scams are specifically tailored to exploit unwary homebuyers, renters, and investors. This blog will detail some of these scams, explore the options available for recourse, and give you some tips to protect yourself from becoming another statistic.

Understanding Real Estate Fraud in Canada

Real estate fraud covers a broad spectrum of illegal practices. Scams typically involve forgery, misrepresentation, and…

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Credit Score Insights for Home Buyers and Sellers

When it comes to buying or selling a home, understanding your credit score can make a world of difference. Your credit score, often termed as your credit rating, plays a crucial role in determining whether you'll get approved for a mortgage and at what interest rate. Let's explore how you can manage your credit score effectively to ensure smoother transactions and better financial outcomes.


The Importance of Credit Score in Mortgage Approval

A credit score is a numerical representation of your creditworthiness, ranging from 300 to 900. Lenders use this score to assess the risk of lending you money for significant purchases, such as a home. Simply put, the higher your credit score, the more…

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Space-Enhancing Tips for Your Home in Edmonton, AB

If you're a homeowner or looking to sell your home in Edmonton, AB, you might be wondering how to make the most of your small spaces. Whether you're dealing with a cozy apartment or a compact house, there are several strategies you can employ to make even the tiniest rooms feel spacious and inviting. Here are some expert tips to transform your home.

1. Use Light, Neutral Colors

Choosing the right color palette can make a world of difference. Light, neutral colors like whites, beiges, and soft grays can create an open, airy feel. They reflect natural light, making the room appear larger and brighter.

2. Maximize Natural Light

Edmonton enjoys abundant natural light, especially during the…

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Welcome To Terrace Heights, Edmonton

Nestled in the southeastern part of Edmonton, Terrace Heights is a vibrant community offering the perfect blend of suburban charm and urban convenience. Here’s a closer look at what makes Terrace Heights an attractive neighborhood for first-time home buyers, seasoned investors, and everyone in between.

Key Attractions and Landmarks

Commercial Amenities

Terrace Heights boasts a variety of commercial amenities along 101 Ave NW, catering to diverse needs and preferences. Whether you're looking to grab a quick bite at Dominos or Hawaiian Poke and More, or need specialized services like those offered at Fast Trax Run and XC Ski Shop and Soul 2 Sole Massage and Physiotherapy, you’ll find everything you need…

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Use The Full Power Of Your Mortgage

As real estate agents, we are always on the lookout for financial tools that can benefit our clients. That's why today we want to discuss a product that is not only beneficial but also highly flexible - the Re-advanceable Mortgage, also known as a Home Equity Line of Credit (HELOC) or a Re-advanceable Equity Line of Credit (RELOC).

Here are some of the pros and cons of a Readvanceable Mortgage that we believe are important for you, as a homeowner or potential homeowner, to consider.

Pros:

  1. Revolving Credit Facility: Readvanceable mortgage allows you to access a revolving line of credit as you make your regular mortgage payments. As you pay down your mortgage, your line of credit limit increases,…

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Discovering Trumpeter in Edmonton AB

Are you on the hunt for a new home in Edmonton, AB? One hidden gem that you might want to consider is the community of Trumpeter. Nestled in the northwest corner of the city, Trumpeter offers a blend of natural beauty, modern amenities, and diverse housing options. In this blog post, we'll take you on a tour of Trumpeter, highlighting its history, homes, schools, and amenities. By the end, you'll see why so many families are eager to call this place home.

A Glimpse Into Trumpeter’s History and Charm

Trumpeter is a relatively new neighbourhood in Edmonton, but it has quickly established itself as a desirable place to live. The community is named after Trumpeter Swans, reflecting the area's commitment to…

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Winter Prep: for Homeowners in Edmonton

Winter is coming, and preparing your home beforehand can save you time, money, and a lot of headaches. If you're a homeowner, especially a new one, this quick blog will help you tackle the essential tasks to get your house winter-ready.

The First Thing You Should Do to Get Your Edmonton Home Ready for Winter

1. Drain and Turn Off Outside Water Spouts

Why is it important?

One of the first things you should do as part of your winter prep routine is to drain and turn off outside water spouts. This simple task can prevent water from freezing in your pipes, which can lead to bursting and costly repairs.

How to do it?

  • Locate your outdoor spigots.
  • Disconnect any hoses attached to the spouts.
  • …

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When is a Good Time to Sell Your House in Edmonton, AB?

Deciding when to sell your house is a critical decision that can significantly impact your financial returns. If you're a homeowner in Edmonton, AB, you're in luck. The city's real estate market has been experiencing favorable trends, making it an excellent time for sellers. In this blog post, we'll explore the optimal times to sell your home in Edmonton and provide valuable tips to maximize your selling potential.

Market Trends in Edmonton

Steady Increase in Sales and Home Prices

Edmonton's real estate market has shown a steady upward trend in both sales and home prices over the past year. This makes it a favorable time for homeowners looking to sell. With more buyers entering the…

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August 2024 Real Estate Statistics: Edmonton & Area

In the Greater Edmonton Area (GEA), the housing market has been experiencing some shifts. As of August 2024, there were 2,591 homes sold, which was an 11.8% drop from July 2024. However, this number was still an impressive 15.8% higher than the same time the previous year.

New listings in August amounted to 3,467, a 7% decrease from July, but 7.7% higher than the previous August. Additionally, the overall listing inventory* dropped by 1.2% from the previous month and was 13.8% lower than in August 2023.

*(Overall listing inventory refers to the total number of homes available for sale in a specific market at a given time. It includes all active listings, encompassing various property types, such…

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