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Wednesday, May 25, 2011 - May E-newsletter

Check out this month's e-newsletter! ...and stay up-to-date with the Edmonton Real Estate Market.
posted in General at Wed, 25 May 2011 15:03:22 -0600

Monday, December 13, 2010 - December E-newsletter now available!

Keep up-to-date with news and updates with the December 2010 E-newsletter.
posted in General at Mon, 13 Dec 2010 16:12:15 -0700

Tuesday, November 9, 2010 - November 2010 Update from Edmonton Real Estate Board

Month-over-month price drop brings properties to 2009 housing price levels  Although the all-residential average price dropped 3% in October, average prices are almost exactly what they were a year ago. Single family dwellings were sold on average for $365,691 which is just $1,434 less (-0.39%) than October 2009. Condos sold in October for about $2,000 less (-0.9%) than a year earlier at an average price of $235,893. ?Stability is the key word for the Edmonton housing market,? said Larry ...
posted in General at Tue, 09 Nov 2010 10:43:01 -0700

Tuesday, November 9, 2010 - November E-newsletter

Stay up-to-date with news and listings in the greater Edmonton area. Check out the November 2010 E-newsletter!
posted in General at Tue, 09 Nov 2010 10:41:29 -0700

Wednesday, July 14, 2010 - July Update from Edmonton Real Estate Board

Edmonton, July 2010: REALTORS® report normal client activity in the Edmonton real estate market with listings, showings and sales. The residential inventory is approaching record levels set in 2007 but prices held steady in the second quarter with the expectation that they will soften as usual through the fall and early winter. ?There was less external pressure on the market from incentives or rate changes last month and as a result the market seems to be operating in a normal controlled ...
posted in General at Wed, 14 Jul 2010 14:36:58 -0600

Wednesday, May 5, 2010 - Mortgage changes do not dramatically affect local housing market

A message from the Edmonton Real Estate Board: April is the start of the busy second quarter for real estate, and resale housing sales were down over the same month last year according to a report issued by the REALTORS® Association of Edmonton. Average* prices of single family houses moved down compared to a month ago but were up by 8.2% from last year. Condominium average prices moved up from last month and were up 7.0% from April 2009. ?There were three increases to interest rates and ...
posted in General at Wed, 05 May 2010 12:17:50 -0600

Wednesday, April 14, 2010 - Edmonton housing starts maintain vigorous pace in March

Edmonton?s new home builders continued to ramp up production in March.  According to the Canada Mortgage and Housing Corporation (CMHC), housingstarts in the Edmonton Census Metropolitan Area (CMA) totalled 813 unitsin March compared with 135 units in March 2009. This represented the ninthconsecutive month of year-over-year improvements in housing starts.Single-detached home builders started work on 513 units last month, almost fivetimes the 105 singles started in March last year. ?The industry ... Full Article...
posted in General at Wed, 14 Apr 2010 19:46:49 -0600

Tuesday, March 9, 2010 - March E-newsletter is available!

Stability in Edmonton Housing Market continues through February Edmonton, March 2, 2010: Prices for residential property sold through the Edmonton Multiple Listing Service® changed marginally through February. Sales activity, however, was up dramatically when compared to last month or the same month last year.   The average* single family dwelling price was $369,573 for February up just 1.4% from January; 5.6% from a year ago. Condominium prices dipped 3.8% in the month from $240,686 to ...
posted in General at Tue, 09 Mar 2010 09:41:51 -0700

Tuesday, March 2, 2010 - Effective April 19, 2010

Federal finance Minister Jim Flaherty announced new rules that will be coming into effect on April 19, 2010. The new rules are aimed at preventing homebuyers from getting into financial difficulty when mortgage rates rise.Broadly speaking, the plan unveiled has three components. First, Ottawa will require that all borrowers meet the standards for a five-year fixed-rate mortgage, even if they choose a variable mortgage with a lower rate or a shorter term. "This will guard against higher rates in ... Full Article...
posted in General at Tue, 02 Mar 2010 11:19:22 -0700

Tuesday, February 2, 2010 - Update from Edmonton Real Estate Board

Single family homes sold through the Edmonton Multiple Listing Service® System sold on average for the same amount in January as at year-end while condominium prices dipped 2%. Month-to-month sales slowed by 6.8% as compared to December but the number of new listings in January doubled the December numbers.  The average* residential price was $314,783 for January, down 1.4% from last month and down just 0.7% from a year ago. Single family home prices on average were stable increasing minutely ... Full Article...
posted in General at Tue, 02 Feb 2010 23:22:05 -0700

Friday, January 22, 2010 - Edmonton Housing Market Outlook 2010

Richard Goatcher is the Senior Market Analyst at Canada Mortgage and Housing Corporation (CMHC), who spoke at the Housing Forecast Seminar this January about Edmonton Housing Market Outlook. His thoughts are concluded below: Richard Goatcher stated that full-time job creation is needed to sustain demand for housing. In 2009, there was a negative employment growth ? Richard (CMHC) is predicting employment growth will return in 2010. In 2009, unemployment numbers were the highest since 1997. ... Full Article...
posted in General at Fri, 22 Jan 2010 14:31:07 -0700

Thursday, January 21, 2010 - Market Summary

Larry Westergard, President of REALTORS Association of Edmonton, spoke at the 2010 Housing Forecast Seminar. I've concluded some of his topics / stats / thoughts below.MLS System Market ForecastLarry Westergard, President (2010)REALTORS Association of Edmonton2009 was a recovery year. Prices and sales peaked in May 2007 and slipped back slightly in 2008. We are starting to rebalance. The global recession was upon us, but we are better off in Alberta than in other parts of Canada and the ...
posted in General at Thu, 21 Jan 2010 13:17:31 -0700

Monday, January 18, 2010 - Hot Design Trends for 2010

Guy St. Germain, Edmonton Region President of Canadian Home Builders Association, spoke at the 2010 Housing Forecast Seminar and gave us an insiders look at HOT DESIGN TRENDS FOR 2010! Guy?s message about the housing market in Edmonton was simply this, ?Cautious Optimism ? It?s a slow road to recovery.? He touched on how the job market remains weak and how Edmonton has flat job growth. Personal income growth has stalled and debt to disposable income ratio has risen to 145%. He did, however, ... Full Article...
posted in General at Mon, 18 Jan 2010 12:49:18 -0700

Wednesday, January 6, 2010 - Update from Edmonton Real Estate Board

December Results Create Positive Year-end Residential sales through the Edmonton Multiple Listing Service® were at the second highest level ever for December (after a record number of sales in 2006 of 1,074). Sales of single family homes, condominiums, duplexes and other residential property totalled 948 units for the month. Total sales of all types of real estate for December was 1,066, also a second place finish for monthly sales.The price of residential property remained stable in December ... Full Article...
posted in General at Wed, 06 Jan 2010 15:10:53 -0700

Tuesday, January 5, 2010 - Edmonton Property Taxes Increase

Edmonton property taxes increase 5% overall. The typical Edmonton house assessed at $361,500 can expect to see a tax increase of about $70 for 2010. Homeowners will also notice an annual increase of about $68 in fees for sewer and garbage service. FIND OUT MORE...
posted in General at Tue, 05 Jan 2010 16:26:41 -0700

Thursday, December 10, 2009 - NO DOWN PAYMENT?

Are you a buyer without a down payment? If you have good credit and strong employment (meaning you have been at your job for at least a year), you may qualify. The interest rate is a bit higher... today's rate (Dec. 10, 2010) is 5.49%... and it can be  locked in once you have an accepted offer. Become one of the very happy customers this year who have been able to buy without a down payment! Contact Tanya Wold at 780-242-4226 for more information.
posted in General at Thu, 10 Dec 2009 14:12:15 -0700

Monday, December 7, 2009 - Housing Market Outlook 2010

2010 Housing Starts are Up, according to Canadian Mortgage and Housing Corporation (CMHC) Fourth Quarter Newsletter.
posted in General at Mon, 07 Dec 2009 09:06:39 -0700

Thursday, December 3, 2009 - Year-to-date sales in November surpass 2008 year end sales

Update from Edmonton Real Estate BoardYear-to-date sales in November surpass 2008 year end sales: Total sales through the Edmonton and area Multiple Listing Service® system to the end of November have surpassed total year end sales in 2008. The total value of all types of property sold to the end of November is $6.64 billion. The same figure at the end of December 2008 was $6.42 billion. There have been 20,355 property sales so far as compared to 19,448 at year-end 2008.?Both sales and the ...
posted in General at Thu, 03 Dec 2009 14:23:21 -0700

Friday, November 27, 2009 - ecoENERGY Retrofit Homes

The Government of Canada is taking ECO-ACTION! ecoENERGY Retrofit-Homes provides home and property owners with grants up to $5,000 per unit to offset the cost of making energy efficiency improvements. FIND OUT MORE!
posted in General at Fri, 27 Nov 2009 11:24:55 -0700

Wednesday, November 25, 2009 - First-Time Home Buyers' Tax Credit

Want another reason to become a first-time home buyer? Canada?s Economic Action Plan has introduced the First-Time Home Buyers? Tax Credit (HBTC) to help with the purchase of a first home. The HBTC will assist first-time homebuyers with the costs associated with the purchase of a home, such as legal fees, disbursements and land transfer taxes, which are a particular burden for first-time homebuyers, who must also save for a down payment.The $5,000 non-refundable HBTC amount will apply to ...
posted in General at Wed, 25 Nov 2009 11:40:43 -0700

Tuesday, November 24, 2009 - Home Buyers Plan

Did you know first-time home buyers are allowed to withdraw up to $25,000 (tax free!) from their RRSP?s to put towards the purchase of a home? Check out the HOME BUYERS PLAN webpage on the Canada Revenue Agency website.
posted in General at Tue, 24 Nov 2009 13:53:14 -0700

Friday, November 13, 2009 -

Resale Housing Sales Trend Remains Strong through October Resale housing sales continued their strong trend through October with sales of all housing types through the Multiple Listing Service® in October at the second highest level on record (after October 2006). There were 1,535 residential properties sold in October; up 23% from 2008 but down almost 10% from last month which follows the normal seasonal trend of month to month sales dropping through the fall.?The housing market in Edmonton ... Full Article...
posted in General at Fri, 13 Nov 2009 15:15:02 -0700

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