CREA’s monthly report shows a slowdown in July, lead by Calgary and Vancouver. Edmonton’s market increased significantly, but not enough to raise the national average. An important thing to note, these stats only include resale housing, and Calgary and Vancouver both had record sales of new homes which could account for the difference.This month in Edmonton we (at Coldwell Banker [...]
Archive | August, 2006
CMHC Predicts Another Housing Downturn
Today CMHC released another report forecasting a cooling housing market. For almost as many years as we’ve seen record breaking housing results, CMHC has been forecasting a downturn. I think now they just realize that if they stick with the same message, eventually they’ll be right.Interest rates to temper housing demandROMA LUCIWGlobe and Mail UpdateRising interest rates will help cool [...]
GDP growth forecast to pass the U.S. – Edmonton
What does this mean in Edmonton. The author of below article has two states of mind. One Canada is going to do better than the U.S. in terms of GDP growth on the other hand the Western Canadian real estate sector is going to languish. I’m no econimic expert with a crystal ball. Or at least [...]
Alberta Land Titles Backlog
Brisk house sales cause backlog in land titlesLast Updated: Friday, August 11, 2006 | 4:14 PM MTCBC NewsPeople buying homes in Edmonton and Calgary are now waiting three weeks or more for their mortgage and land title paperwork to clear the system.Normally, the wait is two to six days.Eoin Kenny, spokesman for Alberta’s Government Services, says brisk real estate sales [...]
New Office Building in Downtown Edmonton – First in 17 Years
So we’re finally getting some new office space in downtown Edmonton. It’s been a long time since something commercial has gone up – 17 years to be exact – a sure sign that this city is growing. Commercial rents are up 70-100% in the downtown core, further evidence of the tight market. It’s a three-story project at Jasper Ave, and [...]
Edmonton House Price Worries
The article below discusses the concern on pricing in Edmonton. I’d be worried if my home was in Vancouver, Toronto, or Calgary but right now our market still holds good value for buyers compared to other markets in Canada, and Alberta, especially when you consider employment, taxation and the province’s fiscal position.It may be true that some workers will hold [...]
Buying Real Estate? Negotiating Tips…
Follow this reporter’s instructions and you could possibly lose thousands of dollars, and you may not get that dream home you want. Although she offers insight into one particular scenario, a trained and experienced agent will have the ability to guide you through more than this cookie cutter scenario. If you follow her advice, you could end up fawning [...]
Interest Rates to Stay Put
The following report from Bloomberg predicts that the Bank of Canada will not raise interest rates for the rest of the year, because the unemployment rate has increased and the dollar has dropped. Here is most of the article…Canada Lost 5,500 Jobs, First 2-Month Drop Since 2004 (Update2)Aug. 4 (Bloomberg) — Canadian employers unexpectedly shed 5,500 jobs in July, marking [...]
Edmonton Real Estate Investors Changing Formulas
The following is an article from “The Business Edge” News Magazine. I have taken out some parts not relevant to the Edmonton area. Overall the point is that its not too late to invest in Edmonton real estate, but you have to do it with a plan that makes sense.Investment niches attract growing interestBy Joy Gregory – Business EdgePublished: [...]
Inspections M.I.A. in Edmonton
The following article from the Edmonton journal should be a warning to sellers and buyers in the Edmonton area. That’s right, buyers AND sellers…. Sellers who could have been made aware of problems via a buyer’s inspection can face a costly situation down the road; if indeed there are problems the sellers could have disclosed or known about, [...]
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Edmonton: The epicenter of North America
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About Us
The Edmonton Real Estate Blog is written by Sheldon Johnston and Sara MacLennan of Coldwell Banker Johnston real estate; both are licensed real estate associates in the Province of Alberta.
Aside from blogging, Sheldon manages the brokerage and assists clients buying and selling real estate in the Edmonton area, while Sara focuses on marketing and business development. If you're thinking of buying or selling real estate, or if you're interested in a career with one of Edmonton's most successful teams, contact them at blog@teamjohnston.com.
The opinions contained herein are those of the authors and are just that - their opinions. For legal information, consult a lawyer. For mortgage information consult a mortgage professional. For tax information consult an accountant. This information is not intended to solicit clients already under contract.
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