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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Canadians Go West in 2011 Census Results
Canada was the fastest growing country in the G8, Alberta was the fastest growing province in Canada, and Edmonton and Calgary were the fastest growing major cities when their growth was measured in the 2011 census, growing at an even faster rate than in the previous five year period.
The Capital Region — including municipalities such as Beaumont, Spruce Grove and [...]
Edmonton Second in Canadian Metro Economic Activity Index Rankings: CIBC
CIBC ranks Canadian cities for economic growth and today announced Toronto leads the country with Edmonton coming in a close second place. Toronto lead the country for the second year in a row, showing the fastest economic momentum with strong population growth, employment and housing starts.
Edmonton ranked second in CIBC’s measure or economic momentum, up from 11th in the 2011 [...]
Is Alberta Headed for Another Boom?
Personally, I prefer slow and steady growth, but there are many suggesting our province is headed for another boom. The Edmonton Journal published an article yesterday with some interesting information called: “Energy Revival Fuelling Another Alberta Boom.” Highlights include:
The Royal Bank predicts Alberta’s rate of growth will outpace all provinces except Saskatchewan this year and next.
[...]
Vacancy Rates Decline in Edmonton
CMHC released their bi-annual report on the rental market in Edmonton yesterday showing decreasing vacancy rates and increasing rents. Increased net migration and job creation explain the changes to the rental market. The vacancy rate dropped from 4.2% in October 2010 to 3.3% in 2011.
The average monthly rent for a 2-bedroom apartment increased to $1,034 from $1,015 in October 2010. [...]
How Sustainable is Edmonton?
Maybe this is an unfair question but it is one that is going to come up time and again, especially as the population of Edmonton grows. This is something we have blogged about from time to time but we’ve never had a sustained conversation about making our communities more sustainable.
Today Sara and I attended a seminar hosted by Alberta [...]
Alberta Economic Indicators Strong in October
The provincial government puts out monthly and quarterly reports on the economy on their web site. I don’t often publish the highlights on the blog, but there are some interesting numbers this month so I thought I’d summarize:
Jobs: In September 2011, Alberta’s unemployment rate was 5.4%, down from the 5.6% recorded in August (the national rate [...]
Edmonton housing is definitely afforadable
At the risk of pissing some people off, “Edmonton housing is definitely affordable” is my title. Although I believe housing in Edmonton is affordable, I do let both sides of the argument present their case. As is often the case, people with a positive outlook on just about anything are less radical than the negative, and I’m sure we’ll [...]
Edmonton: Most Affordable Major City in Canada
Unlike most other major centres across Canada, housing affordability in Alberta remained stable in the first quarter of 2011, according to the latest Housing Trends and Affordability report issued by RBC Economics Research.
RBC’s housing affordability measure in Canada’s largest cities is as follows: Vancouver 72.1%, Toronto 47.5%, Montreal 43.1%, Ottawa 39.0%, Calgary 35.9% and Edmonton 31.5%. That means it taks [...]
New Home Construction in Edmonton Drops in February
According to a report released by CMHC today, housing starts in the greater Edmonton area dropped in February for the fifth consecutive month,on a year-over-year basis.
Highlights from the report:
Construction started on 489 homes in February, down from 642 last year
360 single family homes were started in February, down 26% from last year
[...]
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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
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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