There is talk of a bubble in the Canadian real estate market. Analysts have pointed out some “hot spots” that are causing some worry and some to say the national market is over valued. When you dig a little deeper you learn the concern is mainly about two markets: Toronto and Vancouver.
“When we look at the overall marketplace, there might [...]
I recently did a post about buyer brokerage agreements and it seems they are becoming more and more common, as I’m getting asked by people who are looking to buy a home if they will have to sign one or if they will have the option to sign one. Some agents will not work with you unless they have a [...]
This year is an interesting year for our brokerage: it’s the first time in 19 years that we will be unrestricted free agents. In our industry some agents change companies like kids change clothes. Every Monday morning I get the latest sheet from RECA showing the agents that changed brokerages that week, and each week it’s a very [...]
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 522 (531, 486, 483)
# Sales: 239 (235, 231, 256)
Ratio: 46% (44%, 48%, 53%)
# Price changes: 211 (211, 192, 186)
# Expired/Off Market Listings: 125 (124, 102, 216)
Net loss/gain in listings this week: 158 (172, 153, 11)
Active single family home [...]
It’s that time of year and many people are not aware that the government of Canada is offering a tax credit to first time home buyers. You can qualify for the tax credit even if you bought your second home in some cases. In addition, if you bought a home to accomodate a person with a disability you can qualify [...]
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 [...]
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 [...]
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 [...]
Speakers at the Urban Development Institute Alberta conference spoke about the future of housing yesterday, saying grandparents will increasingly become part of our households.
“We’re heading back to the Waltons,” said Jonathan David Miller, a New York-based real estate analyst. “We’re going to see more of that and we’re going to see people living more in smaller places. North American economy [...]
Every two years the Banff Western Connection conference is held at the historic Banff Springs hotel. This “kum ba yah” is hosted by the Manitoba, Saskatchewan, Alberta and British Coloumbia real estate associations. (These associations represent their members and are not to be confused with the regulatory bodies). While it’s hosted by the western provinces it is anything [...]
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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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