Prime Edmonton Real Estate Blog

January Homes Sales Edmonton

Prime Edmonton Real Estate - The Realtors Association of Edmonton recently released the real estate sales statistics for the Edmonton area for the month of January, and as always there is some very interesting data to be found. Here's the down and dirty facts:

OVERALL RESIDENTIAL SALES: Listings down (-6%), Sales up (+12.75%), avg. sale price up (+7.6%)

SINGLE FAMILY HOMES: Listings down (-13.8%), Sales up (+11.8%), avg. sale price up (+1.75%)

CONDO SALES: Listings up (+4.3%), Sales down (-11.5%), avg. sales price up(+8.24%)

DUPLEX/ROWHOUSE SALES: Listings down (-9.6%), Sales up(+21.6%), avg. sale price up (+10%)

So what does this all mean?

One thing for sure is that the market continues to change at a very rapid pace. There have…
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Edmonton Home Renovations

Prime Edmonton Real Estate - This past weekend I visited the Edmonton Home Renovation Show at the Northlands Expo Center. I'm not sure if you've ever gone, but it is 2 of the main halls of the Expo Center filled with everything to do with home improvement (and a few things that have nothing to do with it at all). Tickets are fairly inexpensive, and I was happy to also give away a pair on my Twitter page Saturday morning to a lucky follower.

What can you expect at a show like this? There are three main areas for people to come and learn more about: 1) Contractors who have new products or services that are cutting edge(for example - new styles of siding product, home security systems, or home maintenance products), 2) A place where manufacturers of

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Edmonton Home Mortgage

Prime Edmonton Real Estate - This week's sudden change in residential home purchase financing regulations have not been well received by the real estate industry or home buyers. The Government of Canada has chosen to set a rate for all mortgages with less than 20% down to a level that is much higher than the current competitive rate, and has only given Realtors, home buyers, and mortgage brokers a few weeks to adjust to the new rules. Given this sudden unexpected change in banking rules gives another good example of what is most important as a home seller or buyer.

The Bank of Canada has announced that they will be increasing all CMHC mortgages, or those that have less than a 20% down payment, from the current competitive rate of 2.35 to over 4.5%

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Edmonton Real Estate

Prime Edmonton Real Estate – Making sure that you have a good clean slate to renovate your home on is vital to maximizing efficiency. It’s a fine balance – a home renovator must make sure that they are stripping away enough of the old without wasting components that could have stayed, wasting time, energy, and money to replace. In our latest renovation project we faced the exact situation – and had some unexpected surprises in doings so.

For our project, we thought that it was pretty straight forward – strip everything. A lot of this decision had to do with the fact that we had asbestos throughout the home – it was the insulation in the attic, the glue AND the flooring in a lot of locations in the home, and throughout a lot of the ductwork in the

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Home Recycling
Prime Edmonton Real Estate - The home renovation process was very fun - but is also a series of very serious decisions that can make or lose home owners thousands of dollars. This is especially true when renovating an old home with issues such as asbestos. Our home demo and reno last year had such a series of decisions, where we tried to save some things and demo or junk other things. I was surprised what was reused, and a little disappointed about what we couldn't save.

There were quite a few things that we knew were going to be kept and sold to antiques dealers to use in other homes. Some of these things included the antique doors, glass doorknobs and hardware. We also had a very cool looking bar that was made locally here in Edmonton in the 1950's

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Prime Edmonton Real Estate - The demolition part of any home renovation is always interesting - and our latest was no exception. As usual, we had a lot of people who were willing to come and help out (for a few hours at a time, anyways) as well as a lot of neighbors who wanted to snoop around while we were trying to get work done.

We always put the call out to family and friends who have time, energy, and possibly anger issues, to come and helping us break walls and move stuff out. It is a fascinating thing to watch different people go through demo in various ways. Some will just swing, stomp, and kick and worry about cleanup afterwards, and some want to hand remove each light switch cover and baseboard separately in neat and organized manner. I

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Prime Edmonton Real Estate - the exterior of most homes are now considered low maintenance. Gone are the days of having to paint or stain the wood siding every 2 or 3 years now that stucco and vinyl siding are the predominant forms of cladding. However, low maintenance does not mean no maintenance, and it is very common to see these low maintenance exteriors looking, well, quite shabby.

So what are some things you can do to spruce up and update your home's exterior without breaking the bank? Here are 5 great ideas for you to consider:

  1. Wash the Age Away - It never ceases to amaze me what a simply wash of a home's exterior can do to make it look better. A pressure washer (which can be rented at a very affordable rate,) and exterior cleaner can be
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Prime Edmonton Real Estate - There is nothing more exciting than possession day in real estate. The anticipation of a new beginning, the excitement of finally getting into a new home - it's fantastic! It's a little different when you are renovating the home, however. The same excitement and anticipation is there, but there is also some underlying dread of 2 things: 1) how sore and tired you're going to get over the next few weeks/months, and 2) worry about what unexpected issues may pop up once demo starts.

We had all of these feelings on that bright, sunny, morning last July when I got the call that keys were released and we were officially owners of the home. There was no doubt that I was excited, planned, and prepared, but we had A LOT of work to

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Acreage Living

Prime Edmonton Real Estate - For many it is a lifelong dream to own an acreage in and around the Edmonton area. Having a quiet place to live where nature is around you, there is plenty of room to roam, to have farm animals, or maybe just a little piece of solitude. Coming from a farming family, I can tell you that every time I am out on an acreage, things just feel....better.

Many people believe that a transition from city life to country life is an easy one - but it's not. There are a ton of differences between these two types of home ownership. Some make things easier, some make it more difficult.

Here are 5 of the most common differences between living in town or out on an acreage that acreage buyers fail to take into account:

  1. You will be
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Prime Edmonton Real Estate - Today the Realtors Association of Edmonton released the home sales numbers for April 2016, and there are many surprising numbers within that. For those in the market who thought that the sky was falling, think again!

What isn't a surprise is that the overall number of sales are down about 11% over April of 2015. These decreases are fairly spread out over single family home sales, duplex/rowhouse sales, and condominium sales.

Now here's where it gets interesting.

The average residential property sold in Edmonton and area in April of 2016 actually went up over this time last year. Now, this is an extremely small amount, equalling less than .05%, but the facts support the reality that Edmonton's housing market prices

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