First off I’d like to apologize for missing the discussion on the mortgage changes last week. Sheldon and I were enjoying a much needed winter break on a Caribbean Cruise and our internet access was difficult to say the least. Many people felt we were trying to hide something, but we simply weren’t able to comment.
Amortization Changes:
The recent changes to [...]
Archive | Canadian Real Estate RSS feed for this section
Mortgage Rule Changes Positive for Canadian Banks…What about the Edmonton housing market?
Edmonton Real Estate: The year in review, 2010
It was the best of times and the worst of times… the same can be said for the Edmonton real estate market over the past year. Even still I feel very fortunate to be lucky enough to be in this city during these unique times. While signs abound that there are underlying weaknesses in the world – and especially the American – economy, some [...]
Readers Predictions for 2011
On Tuesday we posted a poll asking our readers what they thought would happen with the real estate market in Edmonton. We’ve had 95 responses so far and they keep coming in. It seems to me our readers are more optimistic than in the past (certainly more so than the last poll we had in July).
Here are the results:
1. [...]
More Albertans Expect to Buy a Home Next Year
Gord McCallum at First Foundation Mortgages forwarded me a report from the Canadian Association of Accredited Mortgage Professionals called “Annual state of the Residential Mortgage in Canada.” Here are some highlights:
6.4% of Albertans indicated they were highly likely to purchase a home in the next year, the highest in the country and well above the overall average of 3.56% (only [...]
CREA VS The Bureau…Much Ado about nothing
It’s official, CREA (Canadian Real Estate Association) ratified an agreement with the competition bureau on behalf of its members. I’ve been mum on the subject here on the blog, up until now.
Propertywire.ca reported yesterday that the winds of change were blowing in St John’s where CREA had its meeting. They go on to say that "at the very least [...]
What to do when your appraisal is undervalue
Today’s post is written by David Luong who decided to join our team a few months ago. He has been an excellent addition to our brokerage and is licensed as both a real estate associate and an appraiser and has been working in the industry for about 4 years.
What to do when your appraisal is undervalue
Have you recently bought [...]
Canadian Housing Bubble Does Not Include Edmonton
As fears of a housing bubble rise again in Canada The Edmonton Journal set us straight the other day in an article commented about by "RoadRager" on this blog. The author, Gary Lampier took stats from a number of different reports and concluded that there is no bubble in Edmonton, although there very well may be one in Toronto, Vancouver [...]
Canadians Paying off Mortgages Quickly
A new study by Canada Mortgage and Housing Corporation (CMHC) shows that Canadians are well informed about mortgage options and intend to pay down their mortgages quickly. A recent survey polled 2500 active mortgage users in Canada and turned up some interesting results:
89% looked online for mortgage info
84% researched mortgage terms and conditions before deciding on a mortgage option
69% [...]
And the rates go marching on
Long expected. Several banks announced thew will raise their long term rates today. Long term mortgage rates are affected by bond yields and not the prime rate set by the Bank of Canada. This is likely just the beginning of trend that should continue into 2011. The Globe and Mail reported that the TD bank and Royal bank raised their 3, [...]
CREA and the Competition Bureau – No Comment
We feel an explanation is required as to why we have not discussed the issues CREA is having with the Competition Bureau. Its not like we haven't been asked by numerous people to comment, including the media. The answer is simple, we don't want to get in the middle of a massive battle between two giants, mainly because of the [...]
-
Edmonton Real Estate Market Weekly Update – April 27/12
-
Edmonton Real Estate Market Weekly Update – Star Wars Day
-
Edmonton Real Estate Market Weekly Update – May 11/12
-
Edmonton: The epicenter of North America
Photos on flickr
Find us on Facebook
221 people like Edmonton Real Estate Blog.
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.
Deer Valley Gardens
Leduc Condos
These brand new, affordable, 3 bedroom, 2.5 bathroom townhomes with attached garages in Deer Valley Gardens in Leduc, AB feature granite countertops, fireplaces, laminate floors, maple cabinetry and more. Starting at $249,800.
