March 2016

There are 4 blog entries for March 2016.

basement suite

Prime Edmonton Real Estate - With the economy the way that it currently is in Alberta, many homebuyers in Edmonton are looking at purchasing homes with basement suites to help secure their investment and bring in extra income. Depending on the size of the home, a decent sized 1 or 2 bedroom basement suite can reduce half of a homeowner's monthly mortgage, or even more, through rental payments. Behind this well intentioned idea is a rather complex array of zoning, codes, and taxation rules that a homeowner should know about before committing to this type of property. Having a basement suite can be a blessing, but it can also cause a lot of headaches if not done properly.

As long as I can remember, there has been two types of suites - a legal suite

1,714 Views, 2 Comments.

Good Real Estate PeoplePrime Edmonton Real Estate - The real estate industry has a mixed reputation amongst public opinion, despite there being thousands of professionals who treat their people well all across Canada. The reality is that with tens of thousands of people employed in the real estate industry, there will be a mix of good, bad, and unfortunately, ugly. I have always held the belief that real estate is a people business first and foremost; treating people good is good policy and good business.

Recently I have seen examples on both end of the spectrum.

As reported in this article by David Staples of the Edmonton Journal, a local Edmonton real estate developer has recently put people before profit. George Cantalini purchased the bankrupted and halted Glenora

1,020 Views, 0 Comments.

Spring Cleaning Tips

Prime Edmonton Real Estate - Edmonton has made it through one of the mildest winters in awhile and Spring appears to have sprung early, making it a great time to get a jump start on spring cleaning. Let's be honest - it's a necessary evil that most of us do not enjoy taking part in. I like to try to focus on getting out early and doing a little bit at a time to make sure I still have time to enjoy the nicer weather outside as well.

Looking for a game plan to get a jump on spring cleaning? Here are a few tips to help - segmented into a few primary areas:

  • House Interior - One of the things I like to do when the weather warms up a bit is to have all of my windows opened up for a few  hours and move some much needed fresh air through the home.
1,925 Views, 1 Comments.

Edmonton Real Estate Sales

Prime Edmonton Real Estate - The Edmonton real estate sales statistics have been released for February 2016 from the Realtors Association of Edmonton. Here are some of the more interesting figures:

OVERALL SALES

  • There was a 14.8% increase in properties being listed and a 18.5% decrease in the number of properties being sold from February 2015 to this February. This translates into a listings to sold ratio decrease of 30%.
  • The average sale price of all types of property sold in the Edmonton area in February was $363266. This compares to an average sale price of $364253 from 2015, a very slight decrease of less than 1%.
  • The average number of days that a listing was on the market before selling was 57, which was 9 days longer than last
882 Views, 1 Comments.