I frequently get asked what’s happening downtown, especially with the ARENA buzz. What will prices do? What areas will be most affected? I get asked this at industry functions outside of Edmonton on a regular basis as well. I get these questions at the Y in the change room, at Yoga, at Starbucks and so on. This level of buzz [...]
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Edmonton Area Condo Builders Get Busy in October
According to a press release from CMHC, condo builders are ramping up production in Edmonton. Edmonton area builders started almost three times as many new condos in October this year as they did last year. There were 786 multi-family units started in October, compared to 271 last year (most of these were apartment style – 550 units were started compared [...]
New Home Upgrades Worth Paying For, Part 4: Lot features
There are 5 main factors that affect the value of your home: location, the home itself, the market conditions, your pricing strategy, and how well its marketed. Of course, the most important factor is location, and this means the lot itself, the neighbourhood, the city and the province. What can be tricky is deciding if a “premium” lot offered by [...]
Condo Construction Ramps up in Edmonton
According to a report released yesterday by CMHC, condo builders were quite busy in Edmonton in July. Housing starts in the greater Edmonton area amounted to 1,034 units in July compared with 949 last year. For the year-to-date, housing starts totalled 5,085 units, down from 6,328 units tallied in the first seven months of 2010. Multiple unit starts reached 555 units in [...]
Size Does Matter
I have been misled at times in my younger life that size doesn’t matter, but when you are looking at building on a lot it really does matter. A few months back a property in the University area came up that was perfect for a building a duplex on. Technically it was a lot and a half and [...]
Condo Act Changes Coming in Alberta
This weekend the Alberta chapter of CCI (Canadian Condominium Institute) had a conference here in Edmonton. While Sara was one of the presenters and presented on real estate trends I got the chance to sit in on some other presentations.
I often hear complaints from condo owners that are not involved in their condo associations and I realized at the [...]
Edmonton Real Estate Market Improves in May
I would love to give you an explanation for what’s happend with real estate sales in Edmonton, but I just don’t have one. Last month we had the fewest sales we’d seen in April in years, and this month we saw a big jump in sales and the first month with more sales than last year. Back in March I [...]
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 [...]
“We are heading back to the Waltons” – multi-generational homes of the future
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 [...]
Healthy New Home Inventory Slows Construction in Greater Edmonton
CMHC release their monthly report on new home construction in the greater Edmonton area today. As we’ve seen for a number of months, new home starts are down from last year:
“This time last year the industry was working hard to replenish depleted inventories, whereas this spring the volume of complete and unabsorbed units is considerably higher,” noted Richard Goatcher, CMHC’s [...]
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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
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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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