Discover the most up-to-date news and insights on the Edmonton & Area Real Estate market. With comprehensive market updates, valuable information on mortgages, and more, you can trust that you will be well-informed. Stay ahead of the curve by staying connected with us.

 

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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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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Why Location Matters When Buying a Home in Edmonton, AB

Introduction: Why Location Matters in Home Buying

When it comes to buying a home, location is often touted as the most important factor. But what makes location so critical, especially in a city like Edmonton, AB? From the convenience of nearby amenities to the long-term potential for property value appreciation, where you choose to live can significantly impact your quality of life. This blog explores why location should be at the top of your checklist when buying a home in Edmonton.

Proximity to Essential Amenities: A Look at Convenience

One of the first factors to consider is how close your potential new home is to essential amenities. Edmonton offers a variety of schools, hospitals,…

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Top 10 Home Design Trends for 2024 in Edmonton, Alberta

If you're a homeowner or thinking about selling your home in Edmonton, Alberta, knowing the latest home design trends can help you make informed decisions. Edmonton's unique climate and growing interest in sustainable living have shaped these trends, ensuring your home is stylish, functional, and energy-efficient. Here are the top 10 home design trends for 2024 that you need to know.

1. Sustainable and Eco-Friendly Materials

Edmontonians are increasingly conscious of their environmental footprint, and this is reflected in home design. Sustainable materials like reclaimed wood, bamboo, and recycled metal are becoming popular choices for both construction and renovations. These materials not…

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10 Common Real Estate Myths Debunked

Introduction

Navigating the real estate market can be a daunting task, especially for first-time homebuyers and property investors. Myths and misconceptions abound, often leading to costly mistakes and missed opportunities. In this blog post, we aim to debunk 10 common real estate myths, providing you with factual information and expert insights to help you make informed decisions.

Myth 1: Real Estate Is Always a Safe Investment

Debunked:

While real estate can be a profitable investment, it is not immune to risks. Market fluctuations, economic downturns, and property-specific issues can all impact the value of your investment. For example, the 2008 financial crisis saw a significant decline in property…

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Community Spotlight on Jagare Ridge in Edmonton, Alberta

Welcome to Jagare Ridge, one of Edmonton's most picturesque and family-friendly communities. If you're a homebuyer looking for a place that offers both tranquility and convenience, Jagare Ridge might be your perfect match.

Key Attractions in Jagare Ridge

Jagare Ridge Golf Club

Start your exploration at the Jagare Ridge Golf Club. This challenging 18-hole course is not just for golf enthusiasts. Even if you're not a golfer, you'll appreciate the stunning views of the Whitemud Creek and the meticulously maintained fairways. It's a great place to unwind and enjoy the outdoors.

Whitemud Creek Ravine

Nature lovers will find a haven in the Whitemud Creek Ravine. This area offers…

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Common Issues That Can Lower a Home Appraisal in Edmonton, Alberta

Whether you're a homeowner looking to sell or a real estate investor aiming to maximize your property's value, understanding the factors that can negatively impact a home appraisal is crucial. In Edmonton, Alberta, several common issues could potentially lower your home's appraised value. Let's explore these issues and provide some practical tips on how to address them.

Poor Maintenance and Visible Damage

One of the most significant factors that can lower a home appraisal is poor maintenance and visible damage. Cracked foundations, leaky roofs, and peeling paint are immediate red flags for appraisers. These issues not only indicate that the property hasn't been well cared for, but…

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July 2024 Market Update

Looking for Edmonton real estate? Here's an easy-to-understand summary of Edmonton's housing market as of August 2, 2024. The Greater Edmonton Area (GEA) witnessed a total of 2,941 residential unit sales, a jump by 3.5% from previous month and a remarkable 27.1% from July 2023! That's a lot of Edmonton homes for sale.

New MLS listings in the GEA were 3,729, a 2.9% rise from June 2024 and a hefty 13.2% from July 2023. Yet, the overall housing inventory decreased by 1.4% since June and was 15.1% lower than in July 2023.

Breaking down the types of units sold, detached homes had a sales figure of 1,708, an increase by 2.8% from June 2024 and it was also 23.5% higher than in July 2023. The semi-detached and row/townhouse…

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Understanding Mortgage Rates and How They Affect You

Whether you're buying your first home or selling your current one, understanding mortgage rates is key to making informed decisions. In this blog, we'll explore what mortgage rates are, how they are determined, and their impact on homebuyers and sellers in Edmonton, Alberta.

What Are Mortgage Rates?

Mortgage rates are the interest rates charged by lenders on mortgage loans. These rates can significantly affect your monthly payments and the overall cost of your mortgage. Mortgage rates are determined by several factors, including the state of the economy, inflation, and the lender's own policies.

Fixed vs. Adjustable Mortgage Rates

When choosing a mortgage, you'll typically encounter two…

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How to Move Without the Stress: Tips for Moving to or in Edmonton, Alberta

Moving to a new home, especially in a city like Edmonton, Alberta, can be both exciting and overwhelming. Whether you’re a seasoned homeowner or a new resident, the process can be stressful. But with the right planning and mindset, you can turn it into a smooth experience. Here are some tried-and-true tips to help you move without the stress.

Plan Ahead

One of the most effective ways to reduce moving stress is to plan ahead. Start early and create a detailed moving timeline. Break down tasks week by week to ensure you don't miss anything important. This way, you can avoid the last-minute scramble and keep everything on track.

Key Steps in Your Moving Timeline:

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