Archive | February, 2008

New Home Pricing Outpaced Resale in 2007

by Sheldon Johnston and Sara MacLennan on 12. Feb, 2008 in Edmonton Real Estate Market

According to an article in the Financial Post yesterday housing affordability is expected to improve in 2008. The article points out that new home prices increased by 21.5% in Edmonton in 2007 but ignored the fact that resale home prices were only up 9%. We pointed out a few months ago that the gap in pricing between new and resale [...]

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Real Estate and Divorce: My 3 simple rules.

by Sheldon on 11. Feb, 2008 in Tips for Home Owners

No one plans on getting divorced when they get married.  No one plans on a war of the roses style meltdown either.  So what happens when the rubber hits the road and the end of the relationship is near? If it’s a bitter, acrimonious end and you have no children, call someone else.  If you can play nice until your [...]

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Weekly Update on the Edmonton Real Estate Market

Weekly Update on the Edmonton Real Estate Market

by Sheldon Johnston and Sara MacLennan on 08. Feb, 2008 in Weekly Update

Here is our weekly update on the Edmonton real estate market. (Last week’s numbers are in brackets). For the past 7 days:# New listings: 730 (499)# Sales: 232 (249)Ratio: 32% (50%)# Price changes:  274 (231)# Expired Listings: 363 (414)# Canceled, withdrawn and terminated listings: 38 (37)Net loss/gain in listings this week: 97 (-201)Active listings for single family homes: 2772 (2592)Active [...]

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Join Our Team

by Sheldon Johnston and Sara MacLennan on 07. Feb, 2008 in Around Edmonton

Ok, this is not our typical blog post…this one is geared towards the Real Estate Associates that read our blog. We are looking for some licensed associates to join our team. If you are licensed, and are looking to join a company that can guarantee you leads everyday, contact us ASAP. Imagine, no need to spend money on marketing or [...]

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Jack Frost Can’t Scare Away Edmonton Home Buyers

Jack Frost Can’t Scare Away Edmonton Home Buyers

by Sheldon Johnston and Sara MacLennan on 05. Feb, 2008 in Edmonton Real Estate Market

As a testament to the true Canadian spirit hardy Edmonton home buyers braved FREEZING temperatures last month pushing sales to the second best January on record. It was so cold that the keys in the keyboxes that REALTORS use to show homes were literally sticking to my fingers when I took them out. The keybox containers were so cold that [...]

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A Guide to Buying Real Estate in Alberta, Part 5: Down Payment

by Sheldon Johnston and Sara MacLennan on 04. Feb, 2008 in Tips for Home Buyers, Tips for Home Owners

Mortgages and down payments in Canada used to be very simple: there were about 6 different mortgages to choose from, and a clear "minimum" when it came to down payments. Today, there are hundreds of mortgages to choose from and a down payment may not even be required. If you put less than 20% down on the purchase of a [...]

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Weekly Update on the Edmonton Real Estate Market

Weekly Update on the Edmonton Real Estate Market

by Sheldon Johnston and Sara MacLennan on 01. Feb, 2008 in Weekly Update

Holy crap it’s cold out there! As our friend from Yellowknife just said "it’s so cold I saw a lawyer walking down the street with his hands in his own pockets!" Lol…no offense to our lawyer friends ;) Seriously though, weather does have an impact on the real estate market. I mean, who wants to go out and look at [...]

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