Edmonton Real Estate Blog

https://www.youtube.com/watch?v=PyQgHuCVQRU&feature=youtu.be

+45 adult building right beside Bonnie Doon Mall. Close to all public transportation and amenities. Top floor unit with over height ceiling in the living room, with a downtown city view from the balcony. Ugraded unit with extended kitchen cabinets and counter tops. Gleaming hardwood floors, with carpet in the bedrooms, and ceramic tile in the bathrooms. Features insuite laundry and storage. Additions storage unit is in front of the assigned parking stall. Master bedroom has a walk-thru closet leading to the full ensuite bath. The unit comes with 1 underground heated parking stall. The parkade also has it’s own car wash for the residents.

http://money.ca.msn.com/investing/news/breaking-news/canada-housing-agency-trims-insurance-offerings

I’m excited about some news and I wanted to share it with you! For those who own a home already or looking to buy soon, I’m happy to say Alberta and Edmonton is heading for another boom.

If you are THINKING about buying a home or rental property… NOW is the time. I don’t need a crystal ball to know what’s brewing. Just take a look around and read the news articles.  If you don’t trust the columnists/reporters just visit the Alberta Treasury Board and Finance website. A heading for their article is “ Alberta’s economy enters 2014 firing on all cylinder.” What does this all boil down to? Well, the components to create a perfect storm are aligning and the end result will be a new boom in Alberta!  Here are the components we are experiencing:

1)  The dollar is devalued… This means oil is produced in Alberta and paid with Canadian dollars. When sold in the higher U.S. dollars, this is a hike in profit for the oil producers.
2)  Job growth and full employment. Developers out east are viewing Alberta as favorable place to set up shop. We have projects that are delayed simply due to lack of qualified workers. So, not only will Alberta attract people from outside of province, but also out of country.
3)  Net migration into Alberta last year is 43,000 according to Robert Kalcic, Senior Economist with BMO Capital Market. This year that number will be higher.
4)  Low volume of homes sales. Many, we see now have multiple offers.
5)  Close to all time historic low interests

So, let’s add all of that up: low volume of homes, high demand = higher prices or higher rents…The Perfect Storm. So, if you missed the boat, or were too young during the last boom you may want to act now. Dorothy, hold onto your slippers we’re in for a ride!

What an exciting time to be in Alberta! Give me a call to discuss your financing options.

Here are links to the news articles and data that I’ve extracted my information from:

http://www2.canada.com/edmontonjournal/news/business/story.html?id=ab10cab1-c242-44f4-99db-bf23a39ac9c4

http://www.edmontonsun.com/2014/03/14/hicks-on-biz-a-boom-is-happening

http://www.theglobeandmail.com/report-on-business/economy/housing/alberta-housing-market-set-to-
surge-bmo/article17493280/

http://globalnews.ca/news/1220698/migration-to-alberta-is-exploding/

http://www.finance.alberta.ca/aboutalberta/economic-trends/current-economic-trends.pdf

Written by Chita Metcalf – Contact her today to get yourself pre-approved for a new mortgage.

The Mortgage Group

Phone: 780-932-2225

Website: www.EdmontonMortgageSource.com

Click here to register or call 780-634-8151.

EDMONTON – The Alberta government will build three schools in Edmonton — in the rapidly growing Summerside, Ambleside and Lewis Farms neighbourhoods — along with expanding the existing Lillian Osborne High School.

“One of the cornerstones of our Building Alberta Plan is education and preparing our kids for their future,” Premier Alison Redford said Monday in a news release. “Last spring, I committed to building 50 schools and modernizing 70 others and that is exactly what we are doing. Before the month is over, all of those projects will be underway.”

The new schools — to address enrolment pressures in growing communities — will create more than 3100 new student spaces. The projects include:

– new kindergarten to Grade 9 school for Summerside, benefiting as many as 750 Edmonton Catholic Separate School District students;

– a new kindergarten to Grade 9 school in Windermere (in Ambleside), benefiting as many as 900 Edmonton Public School District students;

– a new junior high school in Lewis Farms, benefiting as many as 900 Edmonton Public School District students; and,

– a new 600-student space expansion to Lillian Osborne High School in southwest Edmonton.

“Our commitment to build state-of-the-art schools in communities across Alberta is critical to achieving the goals of Inspiring Education,” Education Minister Jeff Johnson said in the release. “We are putting students first by making smart and strategic investments in their education. These new schools will help ensure that every student can reach their full potential.”

Source: EdmontonJournal.com

Welcome to this great community of Walker Lakes in South East. This home has been well designed for you and your family to enjoy. 2010 built 2 storey over 1617 sq ft offers a large living room, dining room and beautiful upgraded kitchen with granite counter tops and stainless steel appliances. As you walk in this gem, this large foyer welcomes you with modern colors. Beautifully accents off the walls complimenting walnut laminate flooring throughout. This home offers 2 large bedrooms upstairs for your kids and a huge master bedroom with a gorgeous ensuite. Main floor offers a large living room, dining room and a beautiful kitchen with lots of space. This home also offers main floor laundry. Recent upgrades include fully finished basement with bedroom, bathroom, and man cave. Sit on the brand new deck and enjoy the fully landscaped yard. Dog run added as well.

1751 sq.ft. 2 storey home with 3 bedrooms, 2.5 baths, stairwell fireplace with blower fan kit, glass planet railings, stainless steel kitchen package. The basement is partially developed with a large family room with wet bar. There is a large eat in kitchen with island. The large master bedroom has a 4 pce ensuite bath and walk in closet. In the back of the house we have a deck and a 20’x20′ garage pad ready to have a double garage built.

Click here for more pictures and info or call today to view this home in person.

To View & Search All MLS Listed Houses for Sale Visit Us At:

www.EdmontonHomesforSale.biz

This is a high efficient “green home” which qualifies for the CMHC premium rebate. This includes high efficient furnace, hot water on demand, triple pain windows with Low-E and argon gas. Features large eat-in kitchen with island, 3 pce. ensuite bath, and walkin closet in the large master bedroom.

Click here to view more details.

Call us for availability in your area 780-634-8151.