The Edmonton Real Estate Blog
home-insurance-tips

Tips for Saving Money on Your Home Insurance

When you’re buying a home, you’re probably thinking about how to best protect your new investment without breaking the bank. A good home insurance policy will not only protect your home. It will also cover damage to the building, your belongings, and your financial wellbeing, should someone suffer an injury on your property. We spoke […]

secondary-suites

Edmonton Secondary, Garage and Garden Suite Grants

Did you know the City of Edmonton offers grants to build secondary suites? The city will match up to $20,000 in money spent upgrading and creating new Secondary Suites in compliance with health and safety standards. This is an excellent incentive for those interested in becoming landlords in Edmonton. There are of course some restrictions: The […]

maximize-rental-rates

5 Tips to Make Your Units Stand Out for Top Rent

As demand for condos in Edmonton has been cooling off for the past couple of years and vacancy rates for rental properties rising, property managers need to go the extra mile to fill empty units. Rental spaces don’t just sell themselves, you have to make sure that when prospective tenants come knocking that you’ve done […]

stigmatized-properties

There’s a Ghost in the Room: Do we have to tell anyone?

Do you believe in ghosts? Would you buy a house if you thought it was haunted? What if someone was murdered in the property? What if the former owner was a convicted criminal? The Edmonton Journal posted a great article about stigmatized properties this week that’s definitely worth a read if you’re thinking of buying […]

legal-suites-duplexes

Legal Suites Coming to Duplexes and Skinny Homes in Edmonton

Many people are not aware that suites in duplexes and townhomes are not legal in Edmonton, and this week City Council voted to prepare the bylaw amendments to allow secondary suites in duplex units and skinny homes. It’s going to take a long time though, don’t expect to see legal suites in duplexes and skinny homes […]

skinny-homes

Restrictive Covenants: A Good way to Prevent Skinny Homes?

Last year the City of Edmonton changed zoning by-laws to allow the sub-division of any residential lot that is at least 50′ wide, with the goal of increasing population density in the centre of the city and reducing urban sprawl. Some people were thrilled by the decision while others… well let’s just say they were less […]

Housing-Forecast-Live-Blog

2016 Edmonton Real Estate Forecast: Live Blog

Every year, the REALTORS® Association of Edmonton hosts a very informative housing forecast seminar. Today I’m live blogging at the seminar, summarizing the thoughts from each presenter. Steve Sedgwick, Chair, REALTORS® Association of Edmonton We expect to see a continued decline in sales in 2016, but not a dramatic one (single family homes -2.5% year over year and […]

too-good-to-be-true

If it Seems Too Good to be True, it Probably is

We’ve all heard the old adage a million times, and it’s particularly true when it comes to real estate. If you see a home that’s priced waaaay below everything else that seems “comparable” on the market, there’s a reason; probably a “very expensive” reason. It’s also true when you see unbelievable claims about investments. I […]

RogersPlace

The New Arena Will Bump the Value of Nearby Homes

*Image source: Rogers Place Web Site I found an article in the Calgary Herald this week about the construction of new stadiums, and how they affect real estate values that was very interesting. The article discusses research done by REIN (Real Estate Investment Network). With the new arena (Rogers Place) coming closer to completion every day, this […]

monthly-real-estate-report

Lots of Real Estate to Choose from in the Greater Edmonton Area in August

Plenty of people are trying to sell real estate in the Greater Edmonton Area with new listings and inventory up substantially over last year. The REALTORS® Association of Edmonton released their monthly report on the market yesterday showing increasing supply, lower demand, and stable prices. I was expecting to see the average residential sale price come […]

Alberta-Taxpayer

Land Titles Office Fees Increasing Sooner Than You Think – Updated May 12

Alberta has long been the cheapest place in Canada to buy a home, when it comes to closing costs. However, the new provincial budget that was announced last month included a massive increase in fees from the Land Titles Office. Although we have no land transfer tax here, as most other places in Canada do […]

Eviction-Notice

How to Evict a Tenant in Alberta

While owning investment property has its share of benefits, including stable income to pay your mortgage, some aspects of being a landlord can be challenging, especially when you encounter problems with a tenant. Whether the tenant has breached the tenancy agreement, or conducted illegal activity on the premises—you may be confronted with a situation where you need to […]

Selling-a-condo

Five Ways Selling a Condo in Edmonton is Different from Selling a House

When it comes to the Edmonton real estate market, there are plenty of things to know, especially since it is constantly changing. The market for single family homes is always slightly different than the condo market, which keeps buyers and sellers constantly on their toes. If you have experience selling a detached house in Edmonton, […]

monthly-real-estate-report

Average Real Estate Price Jumps in November in Greater Edmonton Area

We often see an increase in average prices at the end of the year in the Greater Edmonton Area and November was no exception. Demand for real estate remains strong, and even with a jump in new listings, strong sales have kept inventory lower than previous years. The REALTORS® Association of Edmonton released their monthly report […]

Edmonton Real Estate Market Forecast

Edmonton Real Estate Forecast: 2015 and Beyond

The Canada Mortgage and Housing Corp. (CMHC) held it’s annual Edmonton Housing Outlook conference yesterday. I find their forecasts are always on the conservative side, so I’m not surprised their opinion is that the real estate market in the Greater Edmonton area will remain robust for the next two years, but not as robust as […]

New-Downtown-Edmonton-Buildings

New Downtown Edmonton Condos: How many condos are too many?

Image Credit: Stantec.com There is a lot of excitement going on in downtown Edmonton, with billions of dollars of projects underway like the Arena and the Museum. Along with that comes a wave of new condo projects, from developers locally and across the country. Our skyline is undergoing a major upgrade. “It all amounts to an […]

monthly-real-estate-report

Experts Agree: Edmonton’s the Place to Be

The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Real Estate market yesterday showing an active real estate market. The Real Estate Investment Network (REIN) also released a report yesterday, showing Edmonton and Calgary as the best markets to invest in real estate in Canada, agreeing with other, recent, similar reports. […]

Edmonton-real-estate-report

Condo Prices Continue to Climb in October in Edmonton

Single family home sales in October were well ahead of last October in Edmonton. There were 842 sales of single family homes in October, up 11% from last October. Perhaps we will see a stronger than normal end to 2014.       Condo sales were slightly lower than last October in Edmonton, there were […]

Rental-Contracts-for-Landlords

Four Legal Forms Every Landlord Needs

With Edmonton having the lowest tax rate in Canada and a steady increase in wages, it is no wonder investors are looking toward Edmonton’s lucrative real estate market. Unfortunately being a landlord is not as easy as one may think. Many actions have to be followed in accordance to the Residential Tenancies Act. Failure to […]

weekly-real-estate-update

Weekly Real Estate Market Update, Oct. 10/14

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 368 (390, 373, 447) # Sales: 258 (259, 321, 349) Ratio: 70% (66%, 86%, 78%) # Price Changes: 232 (233, 247, 248) # Expired/Off Market Listings: 161 (374, 151, 162) Net loss/gain […]