Edmonton Real Estate Blog

Although no one expects oil prices to soar — both Marion and Hirsch say the price of West Texas Intermediate, the benchmark U.S. grade of light crude, will likely trade between a low of about $85 US and a high of $100 US a barrel in 2014 — the weaker loonie is expected to boost cash flows and keep drilling programs and oilsands projects on track.

At the same time, manufacturing — a key sector in the Edmonton region’s economy — is expected to pick up, particularly if one or more of the proposed new oil pipelines finally gain some traction. But if they don’t, Rose warns that the current upbeat outlook for the provincial economy could change quickly.

“If we don’t get some good news on one or more of the four major pipeline proposals that are out there, I think you’ll see a very soft and squishy 2015 for sure, and it would raise question marks in terms of our growth profile as a province over the next five to six years.”

Although Canadians will go to the polls in 2015 — giving the Harper government a strong incentive to achieve some progress on its energy infrastructure agenda — Rose is skeptical that the Obama government will okay the proposed Keystone XL pipeline to the U.S. Gulf Coast.

“The really bad news is that we’ve got mid-term elections in the U.S. next year, so my concern is that politicians in the U.S. are going to punt decisions on Keystone XL beyond the elections, because they may perceive it as a no-win situation from an electoral point of view. If so, that would be unfortunate to say the least.”

Source: EdmontonJournal.com

Plain house numbers not cutting it? There’s no reason to settle when there are so many inventive options out there. From unique techniques and materials (like lit-from-within neon, laser-cut steel and customized concrete) to clever placement (on hanging pub signs, on the garage), these 10 examples from around Houzz are packed with creativity. See if one sparks a new idea for your own house.

1. Statement sign. Not for the faint of heart, to be sure, but on the right house (which would probably be a modern one), a large address sign like this one can look stunning. No one will have any trouble finding your house with this in the front yard.

2. On the garage. If your garage is the first thing visitors see, take advantage of it. Position bold house numbers or a custom address sign like this one right on your garage. The designers who crafted this address used marine-grade wood, which can withstand the elements.

3. Laser-cut door. Cool and industrial without being over-the-top, this home’s address was laser cut into a rusted steel door. Perfect for an urban residence. (Just be sure emergency personnel can see it.)

4. Neon glow. Surprisingly subtle from a distance, these house numbers reveal themselves to be crafted from neon tubes up close. With numbers lit from within, evening visitors will have no trouble finding their way to your door.

5. Hanging post. Like a modern twist on a Ye Olde Pub sign, this would make a nice complement to standard house numbers on the front of a modern home. With a bright background and positioned on the side of the house, a hanging address sign like this would be easy to spot even from down the street.

6. Set in concrete. Having some concrete work done around your home’s exterior? Consider having your house numbers set right in. The size of these house numbers is ample, but because they are set into the concrete, the look overall is subtle.

7. Supersized. If you have a single or double-digit address, smaller house numbers can get lost on the facade. Make short addresses stand out by going with extra-large (8-inch-plus) house numbers. Choose high contrast for the best visibility, such as dark numbers on a light facade.

8. Etched glass. Have a beautiful but plain glass door? Customize it with etched house numbers. Framing the numbers in a circle, as shown here, is a great way to make the numbers stand out even more.

9. Quirky and painted. If you want something totally different, hire an artist to paint your numbers directly onto a feature in front of your house or on the porch. Here the house numbers were painted onto a rainwater cistern, but you could choose to have them painted on a fence, sculpture or sign.

10. Double address for a corner lot. When visitors can approach from either side, why choose only one to place your house numbers on? Build in a landscape feature, like the one shown here, and you can display your address on both sides.

Source: Houzz.com

Oh, that dread — you wake up in the middle of the night to take a trip to the bathroom, but you know that cold tile will chill all the toastiness right out of your feet. Or you come in from a chilly football game longing to take a luxurious soak in the tub, but the thought of shedding your layers of fleece stops you in your tracks. Soon it will be that time of year when you want your bathroom to raise your body temperature. Here are 15 suggestions that range from something you can do in minutes for a few bucks to dream-space renovation ideas.

Add a cozy rug. A bath mat does not have to be a shaggy little rectangle. Add an Oriental rug to enjoy underfoot during fall and winter. The rich colors will warm up the look of the room as well.
Be sure to add a rug pad or rug tape that will grip the floor underneath any bathroom rug to prevent slips.

Blend beautiful natural materials. Soapstone sinks atop wood countertops add so much warmth to this bathroom. The look reminds me of the natural beauty of a rock outcropping in the woods.

Take a different approach to lighting. We tend to think there is a certain type of characterless light we need to choose for bathrooms, like those flush-mount “boob lights.” This is not true; open your mind and browse the type of lighting you would usually associate with a foyer or dining room.

If you are installing a hanging chandelier or pendant light in a bathroom, work with a licensed electrician who knows the codes inside and out. A chandelier cannot be within reach of someone standing in a bathtub full of water; the fixtures will also need to be properly grounded, and you’ll need a high ceiling.

Consider heated floors. One of the most luxurious things you can do to make your bathroom toasty in chilly weather is invest in radiant-heat flooring. If you are planning any renovations, learn more about what this entails and what the payoffs are.

If you don’t have room in the budget for such a large investment, talk to your electrician about installing a bathroom-safe heater you can turn on before your bath or shower. Again, I stress, working with licensed pros is a must; you don’t want to scrimp on safety with electronics in the bathroom.

Get your towels toasty. Heated towel bars add luxury to the bath, giving you a wonderful way to wrap up when you step out of a steamy shower.

Rev up the wall color. So many of today’s most beautiful bathrooms are crisp and white, but that’s certainly not a requirement. Whether working with wall coverings, paint or tile, think outside the usual bathroom color palettes if the thought of white marble leaves you cold.

The sudden onslaught of winter did not slow real estate sales in November according to figures released by the REALTORS® Association of Edmonton. One month sales in November were the highest in five years. The figures are based on sales through the Multiple Listing Service® System in the Edmonton CMA.

The number of all-residential sales in the Edmonton CMA in November (adjusted to account for late reported sales) was 1,116 (1033 reported) which was the highest number of sales in the month since 2009. There were 672 (622 reported) sales of single family homes, 349 (323 reported) condo sales and 83 (77 reported) duplex/row house sales in November. Total residential sales were up 10.5% over November 2012 with SFD sales up 7.9% and condos sales up 13.7%.

“The Edmonton market continues to perform well with sales up and prices rising,” said RAE President Darrell Cook. “While home sellers welcome the active market, buyers, with good employment prospects and higher than Canadian average salaries, are not deterred as they enter the fairly stable market place.” The number of homes available for sale on the MLS® System is at the lowest level it has been in five years. There were 4,047 homes in inventory at the end of November.

The all-residential average price (representing SFD, condo and duplex/row house sales) was $346,388, up 2.6% from last month and 3.5% from November 2012. The average price for a single-family dwelling in November was $405,826 (up 2.1% M/M) and an average condo sold for $240,630 (up 2.1% M/M). The average price for a duplex/row house was $327,027 (up 0.3% M/M). Compared to November 2012, SFDs were up 2.8%, condo prices up 6.9% and duplex/rowhouses up 5.2%.

The average days-on-market was 57, up four days from last year. The sales-to-new listing ratio was 75% as compared to 77% in November 2012.

“The cold and snow make it more difficult to list and view homes at this time of year but the market is still very active with over 1,000 properties listed in November,” said Cook. “REALTORS® are always prepared to discuss your housing needs with you and advise on pricing, marketing and negotiation strategies.”

Source: Realtors Association of Edmonton

With winter officially beginning on December 21 and holiday festivities around the corner, there is a lot to prepare this month! For those in cold climates, it’s time to begin thinking about snow and ice removal, blocking drafts and getting cozy indoors … and we can all use a good dose of Zen as the busy holiday season gets rolling. Here are 13 home tasks to consider adding to your list this month.

1. Put up holiday decorations. If you like to decorate for the holidays, now is the time! Dig out the Christmas lights and test them early in the month, so you have ample time to replace nonworking strands. Hang exterior lights, wreaths and swags, being sure to use only exterior-rated lights, and plug them in safely to an outside outlet if possible.

2. Plan for holiday home safety. With night falling earlier this month, and many people headed out of town, it pays to be extra safety-conscious — whether or not you are going anywhere. Always lock doors and windows, set your alarm system if you use one and keep the area around your house well-lit and your bushes trimmed back.

3. Simplify your holiday. Take a moment to sit down and really consider what you love — and don’t care for — about the holiday season. No one can do it all, and trying to accomplish too much only creates stress and disappointment. Pick your top three favorite holiday activities or traditions, and commit to doing them this month. Then list your three least favorite holiday activities and vow to skip them this year.

If you are feeling pressure from friends or relatives to keep doing certain things (i.e., baking a dozen different kinds of cookies), tell them that you are simplifying your holiday this year, and are focusing on the things you love most. Then invite them to share in something you do want to do, like going ice skating or drinking hot cocoa.

4. Add layers of warmth. Drape soft throws or thick sheepskins over chairs and sofas, and roll out plush rugs on your floors. Aside from being decorative, extra layers of textiles provide a wonderful boost of warmth in winter.

5. Add weather stripping and door sweeps as needed. Feel a draft? Don’t ignore it. Apply weatherstripping to the drafty area and your house will feel warmer right away. If the problem is cold air flowing in from under a door, what you need is a door sweep. Usually made from hard plastic, a door sweep attaches to the bottom of your door, closing the gap that lets cold air in.

6. Carve out your own space to get Zen. Boost energy and relieve stress during the holiday season by creating your own private space to meditate, do yoga or simply relax. Ideally, choose a sunny corner of your home where you can get a bit of morning sun.

7. Consider a backup heat source. If you live in a cold climate with regular winter storms that sometimes knock out power, it may be beneficial to invest in a woodstove or generator — something to provide backup heat if your regular heat source is unavailable. If a woodstove is your backup, be sure to stock up on plenty of firewood. If you decide to go with a generator, enlist a pro to teach you how to set it up and use it safely — when used improperly, a generator can start a fire.

8. Update your emergency kit and store it with your camping supplies. If you already have a household emergency kit, check the expiration dates on food and medications in it, and replace as needed. If you do not yet have one, get one! You may find many of your camping supplies helpful in an emergency, so consider storing your emergency kit and camping gear in the same (easily accessible) place.

10. Keep walkways clear of snow and ice. As we get further along in December, many folks living in cold climates will get their first snow. Be prepared by stocking up on snow shovels and ice melt, and store your tools where you can easily get to them during a storm. Just be aware that certain ice melting products can be harmful to pets and plants — read the labels carefully before buying, and try to keep products off of your lawn and garden beds.

11. Check your roof for ice dams. Ice dams are areas of built-up ice that can accumulate on your roof, potentially causing leaks when they melt. If you can safely reach them, break them up now to prevent future damage.

12. Knock snow from tree branches. Large amounts of snow can cause trees to lose branches, which can be especially dangerous if a large limb is positioned near your home. Use a long-handled broom or other tool to gently knock snow from branches.

13. Thinking about remodeling next year? Use downtime this month to begin creating ideabooks and scouting for pros, and have an initial discussion about the job.

Source: Houzz.com

We live in a world where information is available every minute of every day. Shown below is how often the terms economy or recession came up in media reports over the past five years. Note the intensity of coverage during the financial crisis of 2009. The height of headline frenzy came in March, 2009 in retrospect the bottom of the market, resulting in many investors exiting at one of the worst possible times to do so. The markets have subsequently risen by more than 50%. The bottom line? Short-term sound bites and news clips can cause us to lose sight of what’s important, and to take impulsive action when we need to remain calm.

Feel free to contact me or visit my website for more information.
Douglas J. Bodtcher  
Investors Group Financial Services Inc.
780-448-1988 ext. 284
Douglas.Bodtcher@investorsgroup.com

Foreclosure. Great 2 bedroom, 2 bath unit in Palisades Park Villas located near all amenities. Ideal for a first time buyer. Property is sold as is where is as of the possession. Seller makes no warranties or representation in respect to this property. For more information view realtor’s website.

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