Edmonton Real Estate Blog

According to figures released by the Canadian Mortgage and Housing Corporation (CMHC) in May, housing starts in the Edmonton Census Metropolitan Area (CMA) totalled 355 units in April compared with 683 units in April 2008. After four months of activity so far this year, total housing starts have amounted to 1,116 units across Greater Edmonton, down from 2,998 units recorded during January to April of 2008.

Builders poured foundations for 206 single-detached homes in April, representing an increase of almost 16% from the 178 units started in April 2008. “This represents the first year-over-year improvement in single-detached activity since June 2007,” noted Richard Goatcher, CMHC’s Senior Market Analyst based in Edmonton. To the end of April, 607 single-detached homes began construction across Greater Edmonton, down from 835 units during the first four months of 2008.

Multi-family starts, which consist of semi-detached, row and apartment units, remained on a downtrend in April. A 26% year-over-year gain in row starts was offset by continued weakness in new apartment activity. Semi-detached, row and apartment starts totalled 149 units in April, representing a decrease of about 71% from the 505 multiple unit starts in the same month last year. Multiple starts have amounted to 509 units across Metro Edmonton from January through April, down nearly 77% from 2,163 multiple starts tallied in the first four months of 2008.

Housing starts in Alberta’s seven largest cities totalled 794 units in April, representing a decrease of 61% from 2,034 units in April 2008. All seven cities reported year-over-year declines.

Weekly rate minder provided by: Narish Maharaj Dominion Lending Centres Optimum (780) 238 – 7038 Apply online : www.dlconline.com

***Open House on Sunday May 17***

5505 152B Ave

1pm-4pm

• – Totally redone and upgraded!!
• – Mom’s kitchen belongs on the front of a magazine with its bright lighting from a huge window, new countertops and ceramic tile, raised oak cabinets, and vaulted knock-down ceiling! The new track lighting and the view of the lower family room make this room picture perfect, as well as elegant.
• – Dad can have his perfect Stanley Cup/Super Bowl party in the fully finished basement with wet bar and 4 piece bathroom – So break out those party snacks and cheer on your favourite team!
• – Mom and Dad can both appreciate the massive brightly lit bedroom complete with ensuite that has a modern contemporary sink and vanity. There is a walk-in closet for her and a second closet for him – Both with organizers.
• – It’s BBQ season, so invite those new neighbours over to have some burgers on your 2-tier deck while everyone admires your beautifully landscaped yard.

2119 sq ft                                                      4 Level Split

3 or 4 Bedrooms                                          4 Bathrooms

Price: $478,900

Call Serge today for more information (780) 995-6520

Reduced $9,000 for quick sale.  Exceptional 4 bedroom bungalow with a fully finished basement that has suite potential, with a family room that has a dry bar and fireplace.  Also there is a sauna in the basement.  There is a heated double detached garage in the back.  Main floor living room and dining room features hardwood floors, new carpets.  Also recently the roof was redone and a new hot water tank installed.  Located conveniently close to bus route, walking distance to shopping, and schools.  The south facing backyard will allow you to enjoy that afternoon and evening sun, and has a large garden plot.  All the walks are made up of poured concrete and there is a deck in the back yard.  Only $285,900.  For more information call Serge today 780-995-6520

Weekly rate minder provided by: Narish Maharaj Dominion Lending Centres Optimum (780) 238 – 7038 Apply online : www.dlconline.com

7207 – 144 Ave.

Sunday April 26, 2009 2-4 pm

Basement Suite Potential

Just Reduced to $294,900

Exceptional 4 bedroom bungalow with a fully finished basement that could easily be converted into a suite as it already has second fridge, stove, and sink.  The basment also has a family room that has a dry bar and fireplace.  Also there is a sauna in the basement.  There is a heated double detached garage in the back.  Main floor living room and dining room features hardwood floors, new carpets.  Also recently the roof was redone and a new hot water tank installed.  Located conveniently close to bus route, walking distance to shopping, and schools.  The south facing back yard will allow you to enjoy that afternoon and evening sun, and has a large garden plot.  All the walks are made up of poured concrete and there is a deck in the back yard.

Rare opportunity for 2 families (or extended family) to live together. Large 2500+sq ft 2 Storey with basement suite, 2 garages, deck + gardens in a cul-de-sac. Main floor boasts a sunken living room, formal dining room, large kitchen w/ eating nook, sunken great room w/ wet bar, and large bay windows. The over-sized MB has  plush carpet and a step-up to the bed area and bay window. The enormous ensuite features a large 2-person Jacuzzi, double sink w/ wall to wall vanity + mirror, separate glass door shower stall, and separate toilet area. A wall of the ensuite has 2 floor-to-ceiling mirrors that move to reveal a large closet. The basement is fully finished as a suite with separate entrance, a full kitchen, bedroom, and a large living room w/ a gas fireplace + dry bar.  To view more information and pictures visit www.FindMyHouse.ca

Executive style living with this great downtown townhouse condominium, close to Grant MacEwan college, 2 + 1 bedroom, one fireplace in living room and 2nd fireplace in master bedroom.  Skylights in master bedroom and ensuite bath. Features a window extending from main floor all the way up to 3rd floor master bedroom. The upper 2 levels feature hardwood floors. Ideal for a professional couple or single individual.  All measurements to be verified by purchasers.  To view more pictures visit us @ www.FindMyHouse.ca

I am happy to announce the appointment of Kate Cosentino to the positions of Client Care Coordinator for FindMyHouse.ca, and Personal Administrative Assistant to Mr. Serge Bourgoin.  I am confident that she will be a great asset and will help me make sure that all my clients receive the best service possible.

Feel free to contact her for any assistance. Her direct line is (780) 634-8151

Exceptional 4 bedroom bungalow with a fully finished basement that could easily be converted into a suite as it already has second fridge, stove, and sink.  The basment also has a family room that has a dry bar and fireplace.  Also there is a sauna in the basement.  There is a heated double detached garage in the back.  Main floor living room and dining room features hardwood floors, new carpets.  Also recently the roof was redone and a new hot water tank installed.  Located conveniently close to bus route, walking distance to shopping, and schools.  The south facing back yard will allow you to enjoy that afternoon and evening sun, and has a large garden plot.  All the walks are made up of poured concrete and there is a deck in the back yard.  To view all interior pictures visit us @ www.FindMyHouse.ca  Just reduced to $294,900