Edmonton Real Estate Blog

Here are the Walker Real Estate Stats for Walker Single Family homes in the past 30 days.

As of today there are 34 single family homes for sale
In the past 30 days there were 5 single family homes sold.

So, finally, the figures are out! In an independent research for done for year end 2014, the statistics (Listing sold, MLS) show that RE/MAX holds 41.4% of the Edmonton real estate market share. That is more than our next 3 combined competitors!

Just in case you’ve not been following our recent blogs (hope you do now), according to RE/MAX Western Canada, Team Leading Edge was the No. 1 RE/MAX real estate team from Edmonton for the month of February 2015

Again, it just goes to show how dedicated all RE/MAX Realtors are and how Team Leading Edge is bent on providing the best quality real estate service for all Edmontonians.

In the next few weeks, we’ll be rolling out upgrades into our websites to provide faster access into the market, so do visit our sister site Edmonton-Real-Estate.com to be on the loop!

If you’re looking for your dream home, let us help find it through our new and improved Edmonton MLS listings and remember to call us at 780-634-8151. We’d love to help make that dream home, a reality!

Prices Remain Strong as Spring Sales Pick Up.

Average prices maintained positive growth month over month and year over year in the Edmonton Census Metropolitan Area (CMA) market. The all residential price was up a mere $38 from January (up almost 1 percent from February 2014). Single family houses averaged $430,770 up 0.84% over January and 1.17% over the same month last year. Condo prices continued upward with a 1.2% increase over January and 4.7% increase from February 2014. Duplex and Rowhouses were down 10.55% from January but are up 0.68% from the prior year.

For a complete list of available Edmonton homes for sale, check out our new and improved Edmonton MLS listings.

“We are starting to see sales numbers increase as we enter the spring season. It is common to see sales start to ramp up in February.” REALTORS® Association of Edmonton President Geneva Tetreault explains, “It’s a positive sign to see that even though listings are up and sales are down from last year that prices remain stable and even slightly up from February 2014.”

Residential listings are up 4 percent compared to January. 2,403 new residential listings came on the MLS® System for the Edmonton CMA last month compared to 1,955 new listings in February 2014. Sales for February were 931 – up almost 40 percent over January and down 17 percent from the same time last year. Inventory sits at 5,008 residential listings for the Edmonton CMA.

“Another positive indicator is that our average days on market for all residential types were down to just 48 days compared to 58 days last month. With a healthy inventory, continued low interest rates, and stable pricing, we expect sales to continue to grow through the spring into the summer,” says Tetreault. “REALTORS® are ready to help guide people through all the mixed messaging out there about our real estate market and help their clients make the move that is right for them.”

Over 384 million dollars in residential sales through the REALTORS® Association of Edmonton occurred in February 2015.

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1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses.
6 Includes residential, rural and commercial sales

3 Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period sales figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end. The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA. For information on a specific area, contact your local REALTOR®.

This article originally appeared on REALTOR® Association of Edmonton.

The awards and recognition are humbling. Team Leading Edge have established itself as one of the trusted real estate specialist in  the beautiful city of Edmonton.

Led by Serge and JP, the team is trail blazing its way in the industry-being recognized as RE/MAX Western Canada’s Top Real Estate Teams.

To access Edmontons real estate market, the team have a new and improved Edmonton MLS listings.

Call us at 780.634.8151 for any and all of your real estate concerns.

Work only with the trusted professionals. Work with Team Leading Edge.

A new review have been conducted that shows to offer key experiences that change the normal home purchaser profile, particularly for people that fall in the Millennial age section. Realize what area are related motivating to push numerous Edmonton home buys.

Edmonton Real estate buyers need better conveniences close to their home. In the report, members reviewed demonstrated the accompanying variables as considered what (generally) home purchasers might most want to have near to the home they plan to purchase:

* Grocery stores – 63% are fine with a snappy commute; 22% need a simple stroll to get nourishment supplies

* Restaurants and eateries – 56% say a short commute away is awesome; 20% just need to stroll there

* Parks, ways and group space – 40% are alright with a short commute; 35% organize inside a mobile separation

* Healthcare suppliers – 62% say a negligible commute lives up to expectations; 10% need a mobile separation

* Local shops – 57% short commute; 12% need the joys of a mobile separation

View the complete Goldman Sach’s  info graphic here.

Check out the latest Edmonton homes for sale on our new and improved Edmonton MLS listings.

In addition to the mounting awards that Team Leading Edge have been receiving this 1st quarter of 2015 is Serge’s Platinum Club Award.

Another evidence to the success and dedication of Serge and the rest of the team in providing top notch quality real estate service in Edmonton.

DO’s for the first-time Edmonton homebuyer:

1. Get preapproved. Staying consistent as to what we have said before, being preapproved is one of the most important step in buying an Edmonton property.

A rule of thumb is to aside anywhere in the range of 1.5 to four every penny of the price tag to cover housing loan.

Also remember to additionally put something aside for a blustery day. You never know when that water tank could separate.

Some Edmonton home owners won’t even work with you until you’ve been preapproved for a home loan. This is a critical initial phase in the home-purchasing procedure. You would prefer not to begin house-chasing and succumb to a home you can’t manage.

Also, there may be issues with your credit that you don’t think about.

Some of the time Edmontonians are simply uninformed that they may have a credir card that they neglected to wipe out and its brought on an issue on their credit score.

Your credit is one of three variables that will be considered before you get sanction for an Edmonton home loan. The other two are pay and your up front installment.

An initial installment of 20 every penny is an “irregularity” with first-time purchasers. Yet, that is the amount you need to have down on the off chance that you need to abstain from paying CMHC’s home loan default protection. It’s figured in light of the span of your Edmonton home loan and the amount of cash you have put down.

Obviously the greater the initial installment, the littler your advance (and general investment charges) will be. One approach to help support your initial installment is to acquire cash from your RRSP. First-time purchasers can haul out $25,000 duty free and have 15 years to pay it back. In case you’re purchasing with your accomplice, you can contribute $50,000 together.

2. Discover an Edmonton real estate specialist.

While having a real estate specialists is redundant when purchasing a home, it is suggested — particularly on the off chance that its your first time experiencing the methodology. Having somebody who is learned about the business sector driving you through the methodology could take a major weight off your shoulders.

Look no further! We got you covered. Meet the highly qualified Team Leading Edge.

3. Stay aware of your financial plan.

One of the greatest things you need to consider in this choice is your way of life. You may have the capacity to bear the cost of your own Edmonton home.

Ask yourself: on the off chance that you lost your employment and weren’t laboring for three months, would you have the capacity to bear the cost of your home? On the other hand would you say you are extending yourself excessively thin?

You ought to likewise remember that amid your pursuit. Only on the grounds that a bank favors you for a certain sum, doesn’t mean you need to spend it all.

4. Be open.

We’ve all seen the land shows with the perfect multi-million dollar properties. Your first home will undoubtedly look in no way like that.

“You may stroll in and it may have repulsive wallpaper and the kitchen needs overhauling. Be that as it may the basics are there and you can add to it not far off… So simply have a receptive outlook,” Daniels urged.

Wallpaper can be uprooted, dividers painted and cabinets changed. The things you ought to be more worried about is the size and design, alongside the state of the top, pipes and heated water tank.

DONT’s for the first-time Edmonton homebuyer:

1. Don’t think you’ll be in that home for eternity.

The truth is, by and large, individuals just live in their initial two homes for seven to ten years. Recollect that not all that matters must be 100 every penny as you’d generally envisioned. They call it a “starter home” which is as it should be.

2. Don’t be excessively enthusiastic.

This can be truly normal with first-time purchasers. Abandon the feelings think with your head.  Continuously remember the re-deal estimation of the home you need to buy, and recollect that in land its about area, area, area.

3. Don’t make enormous buys before getting endorsed for a home loan.

That may appear to be genuinely self-evident, yet you’d be amazed.

Sometimes, first time home buyers run out and account an auto or spend a lot of their reserve funds and afterward the bank will conform their advance terms unfavorably or level out deny them a home loan.

Keep in mind, an endorsement is dependent upon your current salary, credit and reserve funds continuing as before. Help yourself out and end on the spending until after you close on your home.

4. Keep in mind about shutting expenses.

Ready to buy your Edmonton home? Check out our new and improved Edmonton MLS listings!

Note: Here’s a great article shared by Bob Rees, Mortgage Specialist at TD Canada Trust. If you have any questions, feel free to contact Bob here.

4 March 2015-The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.

Total CPI inflation in Canada has fallen as expected, reflecting the significant drop in oil prices. Core inflation remains close to 2 per cent and continues to be temporarily boosted by the pass-through effects of the lower Canadian dollar, as well as sector-specific factors.

The global economy is evolving broadly in line with projections in the Bank’s January Monetary Policy Report (MPR). The United States remains the main source of momentum in the global economy, while headwinds to growth linger in many regions. In this context, a growing number of central banks have taken actions to ease monetary conditions. Crude oil prices are close to the Bank’s MPR assumptions.

Canadian economic growth in the fourth quarter of 2014 was consistent with the Bank’s expectations. The oil price shock had a modest early impact on aggregate demand, and a larger effect on income. The Bank continues to expect that most of the negative impact from lower oil prices will appear in the first half of 2015, although it may be even more front-loaded than projected in January. Nevertheless, data for 2014 as a whole suggest the anticipated rotation into stronger growth in non-energy exports and investment is well underway.

Financial conditions in Canada have eased materially since January, in response to the Bank’s recent monetary policy action and to global financial developments. This easing is reflected across the yield curve and in a wide range of asset prices, including the Canadian dollar. These conditions will mitigate the negative effects of the oil price shock, further boosting growth through stronger non-energy exports and investment.

In light of these developments, the risks around the inflation profile are now more balanced and financial stability risks are evolving as expected in January. At present, we judge that the current degree of monetary policy stimulus is still appropriate and the target for the overnight rate remains at 3/4 per cent.

Information note:

The next scheduled date for announcing the overnight rate target is 15 April 2015. The next full update of the Bank’s outlook for the economy and inflation, including risks to the projection, will be published in the MPR at the same time.

Link to Full Article:  http://www.bankofcanada.ca/2015/03/fad-press-release-2015-03-04/

Purchasing an Edmonton house is viewed as one of the biggest ventures that a great many Edmontonians make and it can take quite a while to plan. In spite of the fact that people who are looking to buy an Edmonton home need an advance to pay for the property, there are still a few approaches to settle on shrewd choices with your cash amid the methodology.

Spare 20 Percent for a Down Payment

It can be enticing to hurry into the methodology of purchasing a home, however by putting no less than 20 percent down it will secure a lower investment rate and even lower regularly scheduled installments. This will guarantee loan specialists that there is less hazard included with offering you a credit. You likewise won’t be obliged to have private home loan protection, which is utilized to forestall defaulting on the advance.

Compute What You Can Afford

As opposed to going gaga for your fantasy Edmonton home and extending what you can manage, appropriately figure the sum for a mindful buy. The general estimation of the home ought to liken to two-and-one-half times your yearly pay. You ought to additionally consider extra expenses of owning the property, which incorporates mortgage holders affiliation charges, assessments, and the expense of home protection.

Put something aside for Extra Fees

Numerous individuals put something aside for their up front installment, yet frequently don’t consider the additional expenses and charges included with obtaining a home. You’ll additionally need to put something aside for shutting expenses, title protection, escrow charges, credit report charges, and even state recording expenses. Despite the fact that you might not need to pay for these expenses, its imperative to spare no less than one to three thousand dollars to guarantee that you can manage the cost of the greater part of the additional expenses. As indicated by Western Union in Detroit, MI, a considerable lot of the expenses will oblige installment through a cash request, which can be obtained by going to the bank or mail station.

Make a Realistic Offer

Making an offer on a house you’re keen on can frequently be precarious, as excessively low of an offer may confound the transaction process, yet excessively high of an offer can build your home loan rate. A focused offer is one that is a normal of five to 10 percent lower than the asking cost.

At the point when purchasing a house, its vital to utilize a respectable land specialists who can help you with the methodology and guarantee that you spare however much as could be expected. You’ll not just have a superior possibility of arriving your fantasy home, however can discover something that is moderate and won’t turn into a load to your financial plan.

For  a list of all Edmonton homes for sale, check out our new and improved Edmonton MLS listings.

Popular home plans in Edmonton incorporate ground carpet winning home outlines with an open-arrangement space that permits daylight to stream uninhibitedly from space to room. Broadening an inner part live with a deck or light-filled Edmonton home with a sunroom give homebuyers an inclination of more space.

(For a list of great light filled Edmonton homes for sale, check out our new and improved Edmonton MLS listings)

You can pick up the profits of more daylight filling your home without the stress of included window space spilling in icy winter winds. Property holders can diminish Edmonton home’s vitality utilization by putting in new vitality effective materials. Sun based vitality costs about $7,000 to $8,000 every kilowatt hour, and the run of the mill home uses four to five kilowatt hours in crest utilization. In the event that homeowners decrease  utilization by one kilowatt, Edmontonians have diminished their establishment costs essentially.

Daylight Cheers Edmonton Home Buyers Need Open Light-Filled Homes & Vitality Proficiency

We have a decent measure of sun in Edmonton contrasted with different markets. One misguided judgment is that a home emphasizing stupendous windows is more qualified to other cities that have more daylight. An alternate misinterpretation is that a daylight filled home is just for communities extravagance property holders.

Low-e Windows Lets Daylight Stream into Your Edmonton Home Yet Altogether Lessens Heat Misfortune

Low-emissivity windows (Low-e windows) are recorded seventh out of 10 home peculiarity patterns for 2014.  Glass windows that have a straightforward covering that diminishes the measure of bright and infrared light going through the windows, without trading off noticeable light. Low E glass permits heat from the sun to enter your home however altogether decreases heat misfortune from inside a home by reflecting brilliant high temperature go into the home. Bright light is the light that causes home decorations to blur, while infrared light is hotness vitality. The covering mirrors the sun’s hotness in the mid year, keeping the house agreeable, and traps warm air inside the house in the winter for included warmth. Perused our tips on the most proficient method to trim home vitality bills.

Decently Outlined and Vitality Effective Well-Lit Edmonton Homes

Edmonton city property holders have survived long winter months and are entering brighter days with temperatures perfect for home renovating activities. Plan now for brighter winters with a fresher, cleaner, and more redesigned search for your home. Open up the spaces in your home and appreciate all the more splendid daylight to lighten your temperament. Perused remarks by experts about the pattern to open light-filled homes.

Well-Plan Vitality Effective Well-Lit Homes

• An Edmonton Home’s Envelope and Circumstance – Your home’s envelope incorporates just where its windows and entryways are put. A decently planned efficient power vitality productive home begins with considering which headings its openings face. By basically diminishing the quantity of windows in the north divider of the home’s outside, less drafts are liable to diminish the home’s glow. Superior windows, cementations siding and a roof with sun oriented photovoltaic gimmicks make it less demanding to have a light filled home with huge amounts of windows without trading off the solace of a cozy home amid winter months.

• Letting in Daylight & Keeping Out Dust – A very productive home envelope keeps out all dust and allergens, however may restrain regular ventilation. It can be fitted with a ventilation framework that continually accumulates open air through a channel and hotness exchanger utilizing just low-VOC and low-formaldehyde materials.

• Sun powered Boards and Generators – The vitality cost investment funds delivered by vitality proficiency home enhancements can be utilized to balance the buy and establishment expenses of renewable vitality era frameworks and therefore abbreviate payback periods. A top produced using sun based boards on its south-bound side are better for aloof sun powered introduction. The outcome may be that warming the house does not require as much vitality and brings down vitality bills. There are a few motivators to introducing sun oriented boards too from the elected, state, or neighborhood government. These can make the introductory extravagant installment of sunlight based boards more moderate over the long haul.

Outline Some way or another to a Well Lit Home

Before you rebuild, think about enlisting as an inner part creator to help you make a home plan that guarantees a more astute, more pragmatic utilization of space and light. Concentrate on where you invest the most time. Lighting has the capacity definitely change the way your home looks. It can make a room feel more great or get to be more practical to diverse undertakings.

Here are a couple of diverse sorts of lighting:

This falls into the classification of the general lighting that you use in your home to do ordinary regular exercises. Most rooms in your home need to have one sufficient wellspring of encompassing light to utilize day by day.

Certain exercises in your home can oblige particular sorts of lighting called assignment lighting. Some of these exercises could be cooking, perusing, painting, drawing, or home enhancements. Ordinary surrounding lighting is lacking for itemized errands. Under-cupboard lighting is a decent illustration of errand lighting in kitchens and an incredible overhaul to think about amid as a when considering minimal effort approaches to spruce up your home. A room’s general lighting is considered the light normally found in the inside of the room that scatters sufficient light for most minutes in a day. Be that as it may, it is similar to that the light will fall behind you when taking a shot at a particular assignment, throwing a shadow on the work region. This is the place assignment lighting proves to be useful.

Regular emotional issue (Miserable) indications surface at the onset of shorter fall days or in right on time winter. The sickness by and large goes on for between five to seven months until spring, when the days develop essentially more, and the side effects vanish, leaving the sufferer alive and well until the accompanying fall. Huge numbers of these individuals will likewise feel an increment in vitality at the onset of spring.