Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 465 (524, 573, 552) # Sales: 237 (274, 255, 216) Ratio: 51% (52%, 45%, 39%) # Price Changes: 478 (519, 512, 466) # Expired/Off Market Listings: 234 (305, 253, 565) Net loss/gain in listings this week: -6 (-55, 65, -229) Active single family home listings: 3746 (3735, 3734, 3683) Active condo listings: 2897 (2888, 2922, 2875) Homes 4-week running average: $427k ($430k, $435k, $436k) Condos 4-week running average: $253k ($250k, $245k, $246k) Inventory continues to climb - condo inventory has been at a 9 year high (or longer) for some time now, and single family homes just edged up over 2008 levels last week. Condo inventory…

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We’re all looking for ways to save money these days and doing your own home improvement projects instead of hiring a contractor may help. Of course, taking shortcuts can absolutely be a bad idea if they turn your simple project into a complicated one or put you in a dangerous situation. While you can definitely learn how to do a lot of projects with assistance from a home improvement centre or YouTube videos, it’s important to know when you’re in over your head. Use common sense and never be afraid to call for reinforcements from a professional if you get overwhelmed. If you do decide to go the DIY route, here are a few shortcuts you must avoid:

Jumping Right In

It's always exciting to start a new project. You've probably got an image in your head…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 524 (573, 552, 509) # Sales: 274 (255, 216, 261) Ratio: 52% (45%, 39%, 51%) # Price Changes: 519 (512, 466, 428) # Expired/Off Market Listings: 305 (253, 565, 550) Net loss/gain in listings this week: -55 (65, -229, -302) Active single family home listings: 3735 (3734, 3683, 3649) Active condo listings: 2888 (2922, 2875, 2866) Homes 4-week running average: $430k ($435k, $436k, $437k) Condos 4-week running average: $250k ($245k, $246k, $247k) Have a great weekend!

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Making sure your eavestroughs are in good working order is critical to your home’s ability to ward off flooding and moisture damage. If they are not working properly, you could get water running down your walls and pooling around your home. This can eventually penetrate through the foundation or leak through windows and cause major water damage in your home. Photo Credit: Rise Up Ltd. Your eavestroughs might be in trouble if:

  • You see water running out over the side of the gutter, rather than down the downspout and away from your home.
  • Your gutters are cracked or there are leaks in the joints.
  • They are detaching or coming away from the home.
Sometimes your eavestroughs can get clogged with leaves and other debris, which is why it’s…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 573 (552, 509, 500) # Sales: 255 (216, 261, 267) Ratio: 45% (39%, 51%, 53%) # Price Changes: 512 (466, 428, 510) # Expired/Off Market Listings: 253 (565, 550, 224) Net loss/gain in listings this week: 65 (-229, -302, 9) Active single family home listings: 3734 (3683, 3649, 3780) Active condo listings: 2922 (2875, 2866, 3012) Homes 4-week running average: $435k ($436k, $437k, $437k) Condos 4-week running average: $245k ($246k, $247k, $245k) Two must-read articles from the past week: Why a Strong Loonie and Higher Interest Rates Couldn't Come at a Worse Time (for Alberta) and How Increasing Interest Rates will Cause Housing…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 552 (509, 500, 571) # Sales: 216 (261, 267, 252) Ratio: 39% (51%, 53%, 44%) # Price Changes: 466 (428, 510, 485) # Expired/Off Market Listings: 565 (550, 224, 272) Net loss/gain in listings this week: -229 (-302, 9, 47) Active single family home listings: 3683 (3649, 3780, 3776) Active condo listings: 2875 (2866, 3012, 2984) Homes 4-week running average: $436k ($437k, $437k, $441k) Condos 4-week running average: $246k ($247k, $245k, $247k) So they raised rates again this week, and "the biggest [mortgage] rule change" of all time may be coming our way in the near future. “It could be the biggest rule change of all-time,”…

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The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Area Market Today, saying: “Entry level buyers appear to be turning their attention to semi-detached product for the best value, as opposed to condominiums. Changes to mortgage rates and qualifying rules may be impacting these segments. In the current market there is significant selection for the value conscious buyer. We continue to monitor the market closely to gauge the longer-term impact of the new mortgage rules,” says James Mabey, the REALTORS® Association of Edmonton Chair. “A drop in month-over-month units sold in August is historically normal activity for the Edmonton region,” says Mabey. “But average sales prices were higher this August than in any…

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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 509 (500, 571, 549) # Sales: 261 (267, 252, 236) Ratio: 51% (53%, 44%, 43%) # Price Changes: 428 (510, 485, 402) # Expired/Off Market Listings: 550 (224, 272, 235) Net loss/gain in listings this week: -302 (9, 47, 78) Active single family home listings: 3649 (3780, 3776, 3728) Active condo listings: 2866 (3012, 2984, 2956) Homes 4-week running average: $437k ($437k, $441k, $443k) Condos 4-week running average: $247k ($245k, $247k, $253k) Working on the monthly stats now, will have more details there. Happy Labour Day Weekend!!

151 Views, 11 Comments