No matter what you do you can never cover all aspects of a purchase for real property. So, what happens when you have a properly drafted contract and the other party decides that this does not apply to them? A common example is when you take possession of your new home, only to find the seller has removed shelves, mirrors, [...]
Archive | October, 2007
Real Estate: A Changing Industry in Alberta
Recently “Alberta Venture” magazine published an article onthe state of Real Estate and examined the differences between selling on yourown and using a REALTOR who markets their property through the Multiple ListingService.Since I was interviewed for the article I have a couple ofthoughts that I’d like to share. Myinitial reaction is that this article was written with the perspective that realestate [...]
New Construction Up 40% in Edmonton
This September multiple family housing starts increased by 150% over last September, raising the overall increase in new construction in the Greater Edmonton area by 40%. For the year overall starts are up by 5.7% while multiple units are up by a third. The majority of September’s new multiples were condominium apartments located in Edmonton, Spruce Grove, Strathcona County [...]
Happy Thanksgiving
It seems there is a passionate debate on the market and will happen to real estate here in Edmonton. Our last post seemed invaded by bubble bloggers, which I don’t have a problem with as long as the tone is kept civil. I don’t care what tone you post on over there that crap won’t fly here. To be [...]
Edmonton Home Sellers Stand Their Ground
I can’t believe it and I don’t think you will either. Average residential prices in Edmonton remained unchanged in September, unless of course you count a drop of about $500 as change. I know, unbelievable! The press release isn’t out yet so I don’t know what happened with the median price, but here is what it looks like:Inventory is up [...]
Seller’s Perspectives
Isn’t it funny how fast home owners in Edmonton went from saying "I can’t believe my home is worth $XXX!!!" to "I won’t take a penny less than $XXX!" From "My neighbour just sold their house for $500,000!!! I can’t imagine anyone ever paying that for my home!" to "My neighbour sold their house for $500,000 in July so mine [...]
And in the news….
Stats will come out in a day or so and we’ll have them posted with graphs and analysis asap.I expect more of the same from the past couple of months. Of note is the rate inventory coming onto the market has slowed in Edmonton. From June to August about 1000 new listings a week were coming on the market (some [...]
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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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