Edmonton Real Estate Statistics – Oct. 26, 2009

October 26th, 2009 by Serge Bourgoin

Well I think the fall market place is definitely here.  There has been an increase in the number of single family homes for sale in Edmonton proper from 1,930 homes to 1,951 this week.  The slight increase in available homes for sale is probably due to the reduction in the number of sales in the last 30 days from 683 to 652.

With those kinds of numbers we would have a listing to sales ratio of 2.99:1 and increase from last week at 2.83:1.  This indicates to me that we are going to be seeing less upward pressure on valuations, possibly even a leveling off.  We are going to have to watch this ratio closely as if continues to rise we might even see downward pressure on valuations.

Lowest Price Unit in Building on Whyte Ave.

October 23rd, 2009 by Serge Bourgoin

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Want to be close to everything?  This 1 bedroom plus den apartment style condominium located on Whyte Ave. in the Bonnie Doon area just might be for you.  Listed for $229,800 this might be the home for you.  For more information and pictures visit us at www.FindMyhouse.ca

Southeast Edmonton – Renovated and Upgraded Bungalow!

October 23rd, 2009 by Serge Bourgoin

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This home just has to been seen inside to be believed and see what an incredible value this home is.  This home has been totally been redone with gleaming hardwood floors, ceramic tiles in kitchen and bathrooms.  There is a large fenced back yard with a 2 tiered deck with the 1st level completely covered.  The finished basement has plenty of room in the large family room.  Listed for only $289,900.  To view more pictures visit us at www.FindMyHouse.ca

Edmonton Real Estate Statistics – October 19, 2009

October 19th, 2009 by Serge Bourgoin

Well it is appearing that the Edmonton real estate market is staying strong.  As of today there are 1,930 single family homes listed for sale in the Edmonton area which is only a slight drop in inventory since last week.  Sales however increased slightly from 675 to 683.

The end result is that the listing to sales ratio dropped to 2.83:1 from last weeks 2.88:1 which indicates that the market is still strong and that valuations should still continue to rise slightly.

With pressure still on valuations to rise in Edmonton and the potential for an interest increase now is the time to buy.

*OPEN HOUSE* Prestigious Whitemud Creek!

October 16th, 2009 by Serge Bourgoin

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Sunday October 18 1pm-4pm

208 Omand Drive

Recent Upgrades within the past 2 weeks: New carpeting and ceramic tile on 2nd floor, new plumbing and light fixtures

Prestigious Whitemud Creek home that is steps away from the ravine.  This 2021 square foot home was built by Carriage Custom Home Builders and features an open floor plan and vaulted ceilings.  Enjoy the rest of summer in the large terraced backyard with mature landscaping, trees, and interlocking stone patio – or relax inside with full air conditioning.  Let the stress of the day melt away in the large ensuite soaker tub.  This lovely home has imported cork, laminate, and hardwood flooring, and a fully finished basement that would be perfect for that big screen TV.  Must be seen!

 

2021sqft                                              2 Storey

4 Bedrooms                                   3.5 Bathrooms

$539,900

 

Call Serge Bourgoin of Re/Max for more info or to book a showing at another time

 (780) 995-6520

 

 We’ll see you there!

Real Estate Mortgage Rates – October 14, 2009

October 14th, 2009 by Serge Bourgoin

Terms

Posted Rates

DLC’s Rates

6 Month

4.60%

3.75%

1 YEAR

3.75%

2.55%

2 YEARS

4.20%

2.89%

3 YEARS

4.75%

3.39%

4 YEARS

4.29%

3.74%

5 YEARS

5.84%

3.79%

7 YEARS

6.60%

5.30%

10 YEARS

6.70%

5.40%

Rates are subject to change without notice. *OAC E&OE
Prime Rate is 2.25 %.

Variable rate mortgages from as low as Prime – 0.05%

Rates are subject to change without notice. Fixed mortgage rates shown in table above and quoted variable mortgage rates are available nationally to qualified individuals. Some conditions may apply. Lower rates may be available in certain regions, or to those with higher credit scores or higher net worth – check with your Dominion Lending Centres Mortgage Expert for full details.

*O.A.C., E.& O.E.

Weekly rate minder provided by: Souchita Rattanarasy Dominion Lending Centres Optimum 780-932-2225. Explore Mortgage Scenarios with Helpful Calculators on http://www.souchita.com/

The Home Renovations That Pay Off

October 14th, 2009 by Serge Bourgoin

Three projects that will give you the biggest return on your investment…

The Kitchen

The kitchen is the best place to put your money, hands down. According to the Appraisal Institute of Canada, the average amount home-owners should spend on a kitchen reno is about 10 to 15 per cent of the overall value of their home. If you’re renovating the kitchen for personal use and not only for the purpose of investment, and if you are going to live in your house for more than five years, then you should spend 15 to 25 per cent or more. In most cases, you will recover the cost by the time you sell your home – with a 44 per cent higher return on investment than the average.

What do buyers look for?

  • space, functionality and effective, well thought-out storage
  • granite countertops create elegance, plus its resistance to scratches and easy maintenance make it ideal for everyday use
  • quality – don’t skimp on appliances or labour – having the job done well is a value adder; doing it poorly may reduce the value of your home!

The Bathroom

After the kitchen, bathrooms are the next key space potential buyers look at. A study from Canada’s leading real estate companies shows that a well-designed bathroom renovation can generate up to a 56 per cent better return on investment than the average. Usually a bathroom renovation involves the complete replacement of existing finish and fixtures – tubs/showers, toilets, faucets, sinks, tiles, flooring, lightings, cabinetry and tile-work. Sometimes a bathroom renovation also involves the re-location of fixtures and the removal of adjacent walls to create a better layout.

What do buyers look for?

  • a spa-like environment: light colours, rich textures
  • luxuries such as water jets in the tub or a steam shower stall
  • a large master ensuite with a soaker tub and double sinks

Floor and Wall Finishes

Don’t undervalue the paint and flooring in your home! Many buyers want a home that’s move-in ready, so the more appealing the walls and floors are, the more interest your home will generate on the market. Flooring can generate a 22 per cent better return on investment than the average. If you have carpet in the family, dining and living rooms, it is recommended to change to hardwood and/or tiles. Not only will it make your home more elegant, but you will also enjoy the benefits of a healthier indoor environment, with less allergens. Simply repainting your walls a warm, neutral colour will give you a 29% better return than other popular renovations.

What do buyers look for?

  • walls should be smooth and painted in a neutral colour which will help enlarge the space
  • currently, hardwood or tiled flooring if not throughout, then at least in the main areas, is the more popular choice for potential buyers
  • flooring should create a good flow between one room to the next and be able to tie in with other elements such as cabinetry, wall colours and baseboards

By Kenneth Ho, www.chatelaine.com

Creative Home Improvements

October 12th, 2009 by Serge Bourgoin

Sandra Magsamen shares five artful and inexpensive home improvement projects that will stimulate, captivate and motivate you!

Just because you don’t have a lot of extra cash doesn’t mean you can’t invest in your home. Artist and author Sandra Magsamen offers some artful, low-charge and no-charge ways to create a home that stimulates, captivates and motivates.

Color Outside of the Lines
Color is a wonderful gift, and paint is low cost. Repaint a room or all the rooms in your home. Dream about what feeling you want a room or rooms to share, and think through possible color choices. Journey down to the local paint store for an adventure, and gather tons of paint chips for your consideration and reflection (they are free).

Rummage and explore magazines, pulling out pages of rooms that you want to live in. Look for inspiration everywhere, including friends’ homes, museums, movie sets and nature.

When you are ready to paint, make it fun. Host a paint party and invite some friends over. Make a plan for the evening and give everyone a job. Before you know it, you’ll have splashed some new life into those old walls.

Remember when thinking about color that white brings in light and is the perfect canvas for hanging colorful art. Red is bold, primary and dramatic. Blue is reflective and peaceful. Green is all about nature and calm, and yellow activates and brightens any room.

Putter the Clutter
In my home, clutter seems to multiply magically. Piles of books form here and there, baskets of unrelated items seem to pile up throughout my house and stacks of papers simply grow bigger in size without any human intervention.

For some of us, clutter can be daunting and can make our homes feel messy and unorganized. For others, clutter feels comfortable and fine. If you are one of those folks who love clutter, skip right past this section, but if clutter annoys you, my advice is to “putter the clutter.”

It is really hard to declutter a house in one day because it is such a daunting task, so putter around in each room. Break down the job and pick a room to declutter, then move on to the next room another day. Remember, all this clutter didn’t gather in one day and it doesn’t have to go away in one day either.

If you break this job into small puttering steps, you’ll have a better chance of getting it all done and not be overwhelmed by doing it. Make this job as fun as you can by putting on some great favorite music and dancing your way through the job. Ask yourself as you start this job, “What do I really need and want?” Today is the day to recycle old magazines and donate clothes, furniture and items that could help someone else. Pare down to what feels comfortable and nurturing for you.

Rearrange for Change
If you have grown tired of the same old furniture in your living room and don’t have the finances right now to go out and buy all new pieces, I suggest you do a little rearranging and you’ll be delighted by the change. This tip costs nothing — the only thing you will need is the willingness to play!

Play around with what you already own and see how you could reuse or rearrange in your home. You could go wild with this idea, like moving the living room into the dining room and the dining room into the old living room, or simply rearrange the bedroom by moving the bed under the window so you can feel the spring and summer breezes.

By simply playing around and moving around what you already own, you can change the whole look and feel of your home.

Get Creative
There are so many fun projects to explore and create as you invest in your home. Instead of running to the store to buy an accessory or home decorating item, think about how you might recycle, reuse or create a work of art instead.

  • Make new pillows for the sofa by recycling and reusing fabrics.Sew a quilt from clothing that you no longer want to wear but that would be beautiful as a patchwork quilt.
  • Paint a whole wall in chalkboard paint and enjoy writing, doodling, drawing, leaving messages, sharing famous quotes, creating or simply jotting down the grocery list.
  • Need some lighting? Instead of purchasing a new lamp, why not decorate a lamp shade to match the room? Hot gluing colorful ribbons, buttons or fabric to a shade can look beautiful and artful. Using ceramic tile adhesive on a lamp base and gluing in shards of pottery or stones can create a beautiful mosaic feel to any lamp.
  • Need a new rug in the foyer? Try painting a large piece of canvas and make a durable canvas rug. Using acrylic paint, paint the canvas with a design, paint splatter, words or any art that you love. Once dry, varnish with water base polyurethane four or five times, and you’ll have a canvas rug that will be a work of art.
  • Make a wreath out of vines you find on a walk in the woods. Gather vines and roll them up in a circle, then tie them together with string. You can decorate the wreath with anything or nothing. 

Grow Beauty
Create a garden in a window, a window box, a terra-cotta pot or the whole front yard. Growing flowers and vegetables is fun, satisfying and always makes a home more beautiful.

Enjoy planting and nurturing your garden, no matter its size. There is great joy and accomplishment that comes from helping anything grow. Make a lettuce garden and enjoy wonderful salads, plant herbs to use all year round, grow flowers you can cut and make a beautiful bouquet from and share your garden with others. You’ll grow great friendships.

You don’t have to spend big money to create the home of your dreams — you only need to spend some time and energy putting your imagination to work.

By Sandra Magsamen, Oprah.com

Edmonton Real Estate Statistics – October 12, 2009

October 12th, 2009 by Serge Bourgoin

Happy Thanksgiving Day!

I guess there is no rest for the wicked as I am off after this to show home on this wintery day, but that is not why you come here to visit me today.  So here is what is happening to our real estate market in Edmonton.

As of this morning there were 1,946 single family homes listed on the Multiple Listing Service in Edmonton proper.  That is a slight decrease of last week but to be expected as we are heading into the fall season.  In the last 30 days we have seen 675 sales of single family homes in Edmonton proper.  That gives us a listing to sales ratio of 2.88:1

This is very consistent to what we saw last week and I am expecting the market to remain fairly stable for the next few weeks.

Strategies for Generating Retirement Income

October 11th, 2009 by Serge Bourgoin

A key element of planning for your retirement is making sure that you’ll have sufficient income after you retire. A portion of that may come from reliable sources like a pension plan, government benefits, annuities and perhaps part-time employment. But after that, you may be counting on your personal retirement savings.

Most people need to withdraw some money from their portfolio, so having the right mix of investments to generate sufficient income and growth is important. You also might want to consider consolidating your accounts. It can help you gain a clearer picture of your retirement savings and the withdrawal amounts that may be needed from both your registered and non-registered accounts.

The amount you withdraw from your portfolio can depend on factors such as your age, risk tolerance, how your money is invested and the desire to leave a legacy. Everyone’s situation is different, but retirement can last 20 years or more, so an initial withdrawal rate of 4% can be a good place to start. A moderate withdrawal rate allows you to be more flexible because your income needs may rise and fall.

Regarding the make-up of your portfolio, it should provide you with an appropriate amount of income. This can come from Guaranteed Investment Certificates (GICs) and individual bonds, which can help provide a predictable flow of income. Some people decide to invest only in GICs because they provide income with less risk. But remember that GICs alone likely won’t provide a return that can keep pace with inflation.

As for stocks and mutual funds, you should look for those with a history of paying dividends and increasing them over time – though keep in mind that dividends can be increased, decreased or totally eliminated at any point without notice. Although equities possess more risk relative to bonds, their growth potential can help protect against inflation. To help reduce risk, consider buying quality that you can hold for the long term – and don’t overlook the importance of diversifying your investments. While diversification does not guarantee a profit or protect against loss, it has proven over time to be an effective investment strategy.

Life annuities and Guaranteed Minimum Withdrawal Benefit plans* may be another option for some of your retirement income. With these options, which can be customized to meet your retirement needs, you would essentially entrust money to an insurance company in exchange for a guaranteed income stream that will last your lifetime and pay for your necessary living expenses.

Speak with your financial advisor to create a long-term strategy that can help meet your needs today and into the future.

Call me soon so that we can create a long-term strategy that can help meet your needs today and into the future.

 

This article provided by: Sean Mullane of Edward Jones (780) 464-6100

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.