Low inventory is causing rapid growth in the average price of real estate in Edmonton. The interesting thing is that the inventory is low because there are fewer new listings than we typically see at this time of year, not because of increased sales.
As you can see below, the inventory of properties for sale is significantly lower than we typically [...]
Spring Real Estate Market Underway in Edmonton
by Sara MacLennan on 03. Apr, 2013 in Alberta's Economy, Edmonton Real Estate Market, Investing in Alberta Real Estate, Monthly Stats
The Story Remains the Same
by Don Brown on 15. Jan, 2013 in Alberta's Economy, Canadian Real Estate, Edmonton Real Estate Market, Investing in Alberta Real Estate
Today the National Post published some statistics on the housing market from CREA (The Canadian Real Estate Association) citing that the home sales and new home listings are down year over year for the third consecutive month.
Economists remained divided as to the future of the Canadian housing market. Some believe that because levels of household debt are at an all-time [...]
Edmonton: A market on Investor’s Radar
by Sara MacLennan on 07. Nov, 2012 in Alberta's Economy, Canadian Real Estate, Edmonton Real Estate Market, Investing in Alberta Real Estate
According to a recent report by PwC and the Urban Land Institute, Calgary and Edmonton are once again the best places in Canada to invest in real estate.
The report says Canada is “not a bad place to be” enjoying “boring stability” compared to other, more volatile regions. However, as the nation’s continuing immigration surge shifts gradually toward Alberta and Saskatchewan, [...]
Edmonton Real Estate Market Weekly Update – Aug. 31/12
by Sara MacLennan on 31. Aug, 2012 in Alberta's Economy, Edmonton Real Estate Market, Investing in Alberta Real Estate, Weekly Update
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 331 (395, 459, 405)
# Sales: 225 (235, 229, 212)
Ratio: 68% (59%, 50%, 52%)
# Price changes: 259 (243, 255, 248)
# Expired/Off Market Listings: 232 (161, 192, 125)
Net loss/gain in listings this week: -126 (-1, 38, 68)
Active single family home [...]
Demand for Condos Supported by Demographics
by Sara MacLennan on 30. Aug, 2012 in Alberta's Economy, Canadian Real Estate, Edmonton Real Estate Market, Investing in Alberta Real Estate
Genworth Canada released a report on the condo market in Canada today. They say rising prices of single family homes are pushing more first time buyers towards condos, and retirees are opting for the condo lifestyle as well. These factors along with population growth are expected to increase demand for condos in Canada for the next few years.
“This data corroborates our [...]
CMHC says Alberta will Buck the National Trend in 2012-2013
by Sara MacLennan on 15. Aug, 2012 in Alberta's Economy, Canadian Real Estate, Edmonton Real Estate Market, Investing in Alberta Real Estate
CMHC released its quarterly housing market report yesterday. Western Canada in general and Alberta specifically is forecast to lead the country in a number of categories.
According to the report, Alberta will continue to experience economic expansion with real GDP growth of 3.4% in 2012 and 3.2% in 2013. Major sectors of the economy are projected to grow this year with [...]
Edmonton home builders still hammering away
by Sara MacLennan on 10. Jul, 2012 in Alberta's Economy, Edmonton Real Estate Market
According to a press release by CMHC, housing starts in the greater Edmonton area increased in June to 1,050 units, up from 719 starts in June 2011. For the year-to-date, housing starts totalled 5,468 units, up from 4,051 during the first six months of 2011.
“Strong economic conditions, including higher levels of migration and employment, coupled with declining new home [...]
Edmonton adds 10,000 jobs
by Sara MacLennan on 09. Jul, 2012 in Alberta's Economy, Edmonton Real Estate Market
The Edmonton metro area created a staggering 10,000 new full-time jobs in the last month according to an article in the Edmonton Journal. To put that in perspective, the U.S. (with 300 times more people) created 80,000 jobs in the same time period, Calgary lost 1,200 and Alberta lost 8,600.
Could be a one month blip, but we are up 3.9% [...]
Edmonton Named “Best Deal in Real Estate” by Money Sense Magazine
by Sara MacLennan on 20. Jun, 2012 in Alberta's Economy, Canadian Real Estate, Edmonton Real Estate Market, Investing in Alberta Real Estate
”…in some cities, home prices are still reasonable, and buoyant economies mean prices are destined to rise higher. What you need is a system that can consistently spot good places to buy real estate—in good or bad economic times.”
Money Sense Magazine put together a list of Canadian cities where real estate is still a “good buy” and Edmonton made the [...]
Analysts Expect Tightening of Mortgage Rules Again This Year
by Sara MacLennan on 22. Feb, 2012 in Alberta's Economy, Canadian Real Estate, Edmonton Real Estate Market, Mortgages, Tips for Home Buyers, Tips for Home Owners
Sheldon and I have long thought there would be another decrease in the maximum amortization period for mortgages this year. It makes sense since the Federal Government decreased the maximum amortization from 40 to 35 years a few years ago, and then further decreased it to 30 years last year – we always assumed the end goal was to go [...]
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The Edmonton Real Estate Blog is written by Sheldon Johnston and Sara MacLennan of Liv Real Estate; Sheldon is the Broker for Liv Real Estate and Sara is an associate - both are licensed 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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Client Testimonial for Nathan Mol
“He did a great Job. He was very helpful and was their to answer all the questions we had. He worked around our crazy schedules and never complained!
Thanks Nathan Mol”
Chris and Shelby
14th May 2013
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Client Testimonial for Travis Dochuk
“If you are buying a property use Travis Dochuk. He is a great guy, and easy to work with. Lots of other brokers in Edmonton are always in a rush, Travis will make sure that every question is answered, and not talk something up. This was very helpful, because I just bought my first house, and Travis made sure we got a good buy in a great area. The whole process was stress free. I do not know what else to say, I think it is very clear. Use Travis Dochuk. Other then that have a good day.
Joe”
Joe B
12th May 2013
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Client Testimonial for Beverley Hasinoff
“Everything about purchasing my first home was painless and that was mostly due to Beverly and her team at Liv. I strongly recommend them if you are considering purchasing a home, they are extremely knowledgable and great to work with from beginning to end. Beverly is very patient and found us the perfect house, we could not have done it without her! ”
Dorian Kowalski. Happy home owner!
29th Apr 2013
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Client Testimonial for Beverley Hasinoff
“She did an excellent job! She understood what we needed/wanted out of selling our home and she provided us with valuable real estate knowledge to complete the negotiations! Thank you for everything!”
Lissa Klimke
19th Apr 2013
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Client Testimonial for Richard Widynowski
“I really appreciated Richard's friendly and approachable manner, he gave me just the right amount of guidance and help when looking for the right house for me and my daughter. I would definately recommend Richard to all my family and friends without any hesitation.”
Laura Roseman, Sherwood Park
13th Apr 2013
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Client Testimonial for Bill Bhamra
“Bill was absolutely fantastic to deal with and he made the process of buying our house quite stress free and enjoyable for us.”
Madan Murthy, Chappelle
9th Apr 2013
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Client Testimonial for Mira Wannous
“Mira Wannous was a really helpful real estate agent. With her grand knowledge and patience, we finally bought our dream house. her hard work and dedication is very memorable. i would very much recommend her. Thank You Mira Wannous. ”
Mamoun & Awatif
5th Apr 2013
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Client Testimonial for Beverley Hasinoff
“Bev was an absolute delight to work with. She went above and beyond all my expectations when finding my family a new home. I would deal with her again in a second. ”
Pam Nording Millwoods
26th Mar 2013
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Client Testimonial for Richard Widynowski
“Richard was a honest , low pressure sales person ! It was an excellent experience dealing with him ! Highly recommeded ! ”
John Kim Millious , The Ridge , Sherwood Park
16th Mar 2013
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Client Testimonial for Justin Tazi
“Probably one of the most professional and nicest people that we have ever dealt with,including our home country of England.
Always punctual and polite.
We have already recomended him to our friends.
justin keep up the fantastic work.
Mo and Jeannie Stone”
Mo and Jeannie Stone, St Albert.
16th Mar 2013
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Client Testimonial for Sheldon Johnston
“I have recently purchased a commercial condominium through Sheldon Johnston of Liv Real Estate. As this was a new development, there were some challenges with the closing of this property. Sheldon worked closely with me to ensure I understood all the challenges and help navigate through them.
In the end, the purchase closed as expected and without delay. Thank you Sheldon (and Team) for your professionalism, communication and prompt response.
I look forward to working with you again soon.”
Sean Ivens - AMS
11th Feb 2013
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Client Testimonial for Bill Bhamra
“Bill was always ready to help during our search even when it seemed like we were running out of choices. Bill remained very helpful and always returned our calls when we wanted to see a property. Thanks Bill
Tony & Wanda McElhatton”
Tony & Wanda McElhatton, southside
9th Feb 2013
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Client Testimonial for Tracy Vipond
“Tracy understood my needs and the time pressure associated with the purchase of my new home. She took time out of her personal life to assist and guide me through the purchase and advised me professionally of all critical aspects of the purchase. Additionally because of my work schedule (out of town often) she offered her time to participate on my home inspection when I couldn't be there.
Tracy's understanding and working relationships with the other various businesses within our community that are involved with purchasing/selling a home definitely worked to my advantage. The bank, law group, mortgage broker and home inspector were all recommended by Tracy and I couldn't have had a better experience with all those parties.
Tracy is sincere, hardworking and understands the client's needs. Highly recommended. ”
Ashley Zuzak, Leduc AB
5th Feb 2013
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Client Testimonial for Justin Tazi
“I recently purchased a new home in Edmonton after relocating here from Calgary. I found Justin to be very well informed about the Edmonton market and the pros and cons of all the new areas. Justin found me the type of home I was looking for in the right type of area. Justin also executed the closing arrangments with the seller seemlessly. ”
W. Fidyk, Cameron Heights
19th Dec 2012
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Client Testimonial for Nathan Mol
“It was a pleasure working with Nathan Mol. He was very patient with us as we looked around the downtown Edmonton area for the perfect condo. He was extremely knowledgeable and gave his honest assessment of every property that we viewed together. I would definitely recommend Nathan to anyone looking for a condo in the city!”
Kelly Schulz, Oliver/Downtown, Edmonton
9th Dec 2012
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Client Testimonial for Bill Bhamra
“Bill Bhamra made my home buying experience easy. He was very easy to get a hold of, and took the time to offer suggestions and knowledge. I would recommend Bill to my friends and family when buying or selling a home. A real class act. Thank you Bill!”
Amanda, Edmonton
5th Dec 2012
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