I found this article about "Block Busting" in the Edmonton Sun. If you haven’t heard of this practice before, the article basically claims that certain neighbourhoods in Edmonton are being targeted by shady individuals who artificially lower property values, only to buy up the homes and sell them later for more money.The article specifically refers to speculators who buy homes [...]
Archive | March, 2008
Earth Hour – Tonight 8pm
You may have heard of it or you may not have, but tonight at 8pm everyone is asked to turn off their lights. Sonic – an Edmonton radio station – has been promoting the event and will have one hour of "unplugged" music at 8pm tonight.The idea of earth hour is to make a statement about the greatest contributor to [...]
Weekly Update on the Edmonton Real Estate Market
Here is our weekly update on the Edmonton real estate market. (Lastweek’s numbers are in brackets, and the week before after that). Forthe past 7 days: New listings: 574 (669, 714,752, 648)# Sales: 235 (263, 259,275, 275)Ratio: 41% (39%, 36%, 37%, 42%)# Price changes: 450 (465, 411, 270, 384)# Expired Listings: 83, (152, 137, 343, 201)# Canceled, withdrawn and terminated [...]
Unaware-ites
You know those people who just have no idea what is going on around them? They cut you off in traffic (pedestrian or car), or they almost get hit in the head with a flying puck and have no idea they were inches from a trip to the ER, or they talk so loudly in a restaurant that the whole [...]
Anthony Henday Interchange Open House
For those who live in the west end or drive on the Anthony Henday… the government of Alberta is having an open house tomorrow to discuss the detailed plans for the interchanges on the Anthony Henday and Callingwood Road and Lessard Road interchanges.Wednesday March 26, 20082:30-7:30Willowby Community Hall6315 184 st.It is an informal drop in event with displays and consulting [...]
Are you smarter than a 6th grader?
The other day my 11-year old daughter was watching one of those house flipping shows on HGTV. When I came home she exclaimed "Dad! There was this woman doing a flip, and when she bought the house she didn’t even get an inspection! Can you believe that?" The story continued, "When they started the renovations they found termites, and [...]
Weekly Update on the Edmonton Real Estate Market
Here is our weekly update on the Edmonton real estate market. (Lastweek’s numbers are in brackets, and the week before after that). Forthe past 7 days: New listings: 669 (714,752, 648)# Sales: 263 (259,275, 275)Ratio: 39% (36%, 37%, 42%)# Price changes: 465 (411, 270, 384)# Expired Listings: 152 (137, 343, 201)# Canceled, withdrawn and terminated listings: 66 (58, 45,51)Net loss/gain [...]
Buy or Rent – The eternal question
I hesitate to post this, almost dread posting it for the battle that might ensue because of it, but I thought this was pretty cool. The New York times has this rent vs buy calculator that takes more things into consideration than what you normally see – such as opportunity costs.I plugged in the info for one of our client’s [...]
Burn Baby Burn – Is that firplace included?
What I meant to say was "don’t get burned!" Today there arenumerous "faux" fireplaces that are very good at deceiving you as to whether theyare attached (see: Buyer’s Guide – Chattels). These fireplaces lookfantastic and can be placed in a corner or along a wall as if they were builtthere. However since they are not securely attached they are not [...]
Multiple Offer Mayhem
Today’s market may not have the mayhem of multiple offers it did last year, but it does seem to be pumping along. We’ve been involved in 7 multiple offer situations since the new year. So the multiple offers aren’t dead and gone, in fact they seem to have made a comeback since last September and October. There’s definitely a difference [...]
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Edmonton Real Estate Market Weekly Update – Jan. 6/12
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Edmonton Real Estate Market Weekly Update – Jan. 20/11
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Edmonton Real Estate Market Weekly Update – Jan. 13/12
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What’s going on with Condo Prices in Edmonton?
Photos on flickr
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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