Canada Mortgage and Housing (CMHC) released their monthly stats on new housing construction today. The numbers are surprising, especially when you look at their charts. Sheldon and I are going to their "Housing Outlook" conference tomorrow so we’ll be loaded with stats and charts to share. But for now, back to today’s report…"Housing starts within the Edmonton Census Metropolitan Area [...]
Archive | October, 2007
Year end Blow out Sale!
As indicated by Nate on one of our threads some builders are getting creative with their marketing now. Offering incentives, inducements and new "assured sales programs." All I can say is read the fine print on these, and while you’re at it have your own lawyer go over the contract as well. One prominent builder offers a quasi "guaranteed sale [...]
Winter’s coming
brrr the chill the last few days gives me that ominous feeling that the white stuff isn’t that far off. Maybe if I don’t mention the S word it won’t come, just like the real estate market if we don’t mention the D word prices won’t go down. Oops. With that chill comes the fall maintenance and winter preparation that [...]
Weekly Update on the Edmonton Real Estate Market
Well, we’ve been trying to stay away from being all stats, all the time. There are a number of reasons for this but it basically comes down to time, and accuracy. We don’t have the time to constantly update everyone on the market stats, and if you look at things too granularly you can see trends where they don’t exist. [...]
What Would You Do? Dual Agency Dilema
A buyer contacts us about a property that we have listed for sale. It’s pretty clear that the buyer loves the property and wants to make the seller an offer. The seller is motivated to sell but not desperate. It’s pretty obvious to us that the buyer’s understanding of real estate is greater than the seller. The buyer makes an [...]
Royalty Raucous
On Wednesday morning while heading to do a property evaluation I was listening to Dave Rutherford on 630CHED. I listened to him rip into some guy for making his mind up about the Royalty review when the caller clearly hadn’t. It was Dave’s position that the proposed increases were “bad for Alberta” and “the royalty review report was flawed”. Listening [...]
Mortgage Rate Alert
Alberta boom will continue to bloom and the bust is nowhere in sight, according to a new report by the TD Bank on the province’s economic future. As a result of the boom, three of Canada’s major banks are raising residential mortgage rates. The Bank of Montreal (BMO) and the Royal Bank (RY) said last week that their posted rates [...]
Money Laundering Act Pointless with Substantial Affects on Real Estate
It’s about to get much, much tougher for foreign nationals, and Canadians living and travelling abroad to buy or sell real property in Canada. On June 30, 2008 bill C-25 (the money laundering and terriost financing act) will go into effect that will greatly increase the hoops these people (and their local representatives) will have to jump through.In the [...]
Edmonton Neighbourhoods: High Park
High Park is a smaller neighbourhood laid out in a grid patternand the lots are of a generous size. Development in the area occurred in the1950s and 1960s. High Park is dominated by smaller, single-family bungalows, mostly with detached garages that are accessed via back lanes. Area residentshave good access to Westmount Mall and Mayfield Common and to the northwestindustrial [...]
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Edmonton Real Estate Market Weekly Update – April 27/12
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Edmonton Real Estate Market Weekly Update – Star Wars Day
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Edmonton Real Estate Market Weekly Update – May 11/12
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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.
For more information about us visit our website.
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