For the first time in a long time, I'm seeing a lot of positive headlines related to Edmonton, and Alberta as a whole, the economy and the real estate market. I don't know about you, but I kind of forgot what that's like! Here's what people are saying... A report released Monday by the Real Estate Investment Network named Edmonton the top spot to invest in Alberta, and one of the top 10 in Canada, saying Edmonton is poised to outperform the rest of the province for the next 5  years or so. Our stable economy, affordable housing, falling rent and rising vacancies indicate that Edmonton is in the middle of a slump, making it a good time to buy. “The fix-and-flippers, the HGTV-watching guys, it’s not the greatest market for them, because it’s a slower…

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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: 442 (399, 536, 465) # Sales: 254 (241, 246, 237) Ratio: 57% (60%, 46%, 51%) # Price Changes: 429 (382, 469, 478) # Expired/Off Market Listings: 256 (234, 624, 234) Net loss/gain in listings this week: -68 (-76, -334, -6) Active single family home listings: 3562 (3602, 3617, 3746) Active condo listings: 2662 (2678, 2711, 2897) Homes 4-week running average: $424k ($423k, $421k, $427k) Condos 4-week running average: $249k ($250k, $250k, $253k) A few big news items this week related to the real estate market in Edmonton:

  • Calgary and Edmonton are forecast to be the fastest growing census metropolitan areas (CMAs)…

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New Listings: 399 (536, 465, 524) # Sales: 241 (246, 237, 274) Ratio: 60% (46%, 51%, 52%) # Price Changes: 382 (469, 478, 519) # Expired/Off Market Listings: 234 (624, 234, 305) Net loss/gain in listings this week: -76 (-334, -6, -55) Active single family home listings: 3602 (3617, 3746, 3735) Active condo listings: 2678 (2711, 2897, 2888) Homes 4-week running average: $423k ($421k, $427k, $430k) Condos 4-week running average: $250k ($250k, $253k, $250k) Have a great weekend!

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A kitchen renovation will increase your personal enjoyment of the space and increase your home’s resale value. Kitchen renovations offer one of the best returns on investment compared to other home renovations. In fact, you can expect to recoup over 80.2% of your renovation costs at resale, according to Remodelling Magazine’s Cost vs. Value Report for 2017, and that is for a minor kitchen remodel. Photo Credit: Cooperrider Painting The biggest component of your kitchen renovation will be your kitchen cabinets. A full kitchen cabinet replacement can be very expensive, but you don’t have to spend that fortune for a freshly upgraded kitchen.

What is cabinet refinishing?

Cabinet refinishing is when you simply change the finish and/or colour of your…

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New Listings: 536 (465, 524, 573) # Sales: 246 (237, 274, 255) Ratio: 46% (51%, 52%, 45%) # Price Changes: 469 (478, 519, 512) # Expired/Off Market Listings: 624 (234, 305, 253) Net loss/gain in listings this week: -334 (-6, -55, 65) Active single family home listings: 3617 (3746, 3735, 3734) Active condo listings: 2711 (2897, 2888, 2922) Homes 4-week running average: $421k ($427k, $430k, $435k) Condos 4-week running average: $250k ($253k, $250k, $245k) The single family average price chart is starting to look a bit like the "Matterhorn." I'll be keeping an eye on inventory over the coming weeks and we'll see where things go. Have a great weekend!  

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UPDATE - The REALTORS® Association of Edmonton released their monthly report on the Greater Edmonton Real Estate Market this week showing fairly stable prices amidst lower than normal sales. As we've been discussing on this blog all year, the big story in Edmonton is inventory, which is well above normal levels. Meanwhile, builders have been busy adding new homes to the inventory available for sale. Demand has been somewhere between average and below average so far this year. Throw in rising interest rates, and a shrinking population (?), real estate is hanging in there pretty well. Here's our snapshot of the Greater Edmonton Area real estate market in September:   And our charts showing trends and comparisons:

Edmonton Stats:

Our…

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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: 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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