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Will Baby Boomers Downsize Soon or Not?

Will Baby Boomers Downsize Soon or Not?

by on 28. Feb, 2013 in Canadian Real Estate, Edmonton Real Estate Market, Investing in Alberta Real Estate

An interesting report came out this week from Royal Lepage about Baby Boomers. The headline reads “Most Baby Boomers have no intention of downsizing.

“The poll by Leger Marketing found that of the 40.6 per cent of Baby Boomers (born between 1947 and 1966), who do have plans to move to another primary residence, almost half (43.5 per cent) are looking [...]

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The Story Remains the Same

by 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 [...]

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Edmonton: A market on Investor’s Radar

Edmonton: A market on Investor’s Radar

by 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, [...]

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A House United

by on 03. Oct, 2012 in Canadian Real Estate

This is a follow up to “A House Divided” ~ (Don’t Pin this one on the REALTORS®) that we posted a few weeks ago…
The issue: the board of Directors of The REALTORS® Association of Edmonton passed a new rule in February that will prevent REALTORS® and the public from accessing sales data on a property once conditions are removed until the [...]

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Poll Results: Our Market has Peaked but No Bubble to Burst

by on 18. Sep, 2012 in Canadian Real Estate, Edmonton Real Estate Market, Polls

Yesterday we polled our readers, asking two simple questions:
1. Has the market peaked?
2. Will we see price declines greater than 10% in the next two years.
Canadian business magazine asked Canadians the same questions a couple of weeks ago. It turns out our readers and Canadians as a whole are pretty much in agreement. I find that quite interesting knowing the [...]

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Don’t Pin this one on REALTORS®

by on 14. Sep, 2012 in Canadian Real Estate, Tips for Home Buyers, Tips for Home Owners

I’ll just comment quickly on today’s Edmonton Journal article: “Realtors Association of Edmonton a house divided over sales disclosure.” The article discusses a new rule from the board of directors to withhold sales information until the title transfers. This it the biggest change I’ve seen in the last 25 years when it comes to deciding how much to pay for [...]

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A “For Sale” Sign is Not an Invitation to Snoop

A “For Sale” Sign is Not an Invitation to Snoop

by on 11. Sep, 2012 in Canadian Real Estate

I don’t why I’m still surprised by the things people do, but I am. For example, it seems when some people see a for sale sign out front of a home, all normal rules of decorum go out the window. 
People will knock on the front door at all hours of the day, without an appointment, asking to see the home. [...]

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Demand for Condos Supported by Demographics

Demand for Condos Supported by Demographics

by 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 [...]

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CMHC says Alberta will Buck the National Trend in 2012-2013

CMHC says Alberta will Buck the National Trend in 2012-2013

by 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 [...]

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New mortgage rules will have little effect on Edmonton real estate

by on 05. Jul, 2012 in Canadian Real Estate, Edmonton Real Estate Market, Tips for Home Buyers, Tips for Home Owners

Sheldon and I had the pleasure of chatting with Lewis Kelly from the Edmonton Journal yesterday. We discussed the real estate market in Edmonton and the impact the mortgage rule changes will (or won’t) have on our market. You can see the resulting article on the Edmonton Journal web site. 
Overall Sheldon and I feel the mortgage rule changes will have [...]

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