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The first 10 days of March

By all apearances the Edmonton real Estate market activity is taking off in the first part of 2010. While I am the first one to be sceptical about statistics early in the month, we have seen an interesting surge in market activity in the first 10 days

February stats

January February Change from December Change from January New Listings 1,247 +129 +10.3% 2,505 +1,258 +50.2% Sales 882 -66 -6.9% 1,184 +302 +25.5% Average Sale price $301,603 -$3,864 -1.2% $300,551 -$1,052 -0.34% House $363,883 -$2,878 -0.7% $369,573

How not to pop a non-bubble (National post)

Peter Foster, Financial Post Published: Wednesday, February 17, 2010 The following article is taken from the National post and the link to the article on the national post website is posted at the bottom of the page. For Finance Minister Jim Flaherty

Summary of mortgage changes anounced Tuesday Februaury 16 2010

This article has been taken from the National post website. For more a more in depth article please see the link to the National post website at the bottom of the page. For information on how this may effect you please call your mortgage broker or bank.

November Real Estate statistics for Edmonton - where are the prices going?

October Change from September New Listings 2,205 -359 -14% Sales 1,535 -169 -9.9% Average Sale price $300,647 -$8,100 -2.6% House $363,694 -$8,253 -2.2% Condo $237,601 -$7,945 -3.2% November Change from October New Listings 1,818 -387 -1.7% Sales 1,185

November Real Estate Report

November Real Estate Report . September October Change from August Change from September New Listings 2,564 -64 -2.4% 2,205 -359 -14% Sales 1,704 +31 +3.5% 1,535 -169 -9.9% Average Sale price $308,747 +$4,336 +1.4% $300,647 -$8,100 -2.6% House $371,947

How to make the most of your mortgage

While you are shopping for a new home, do not forget about your mortgage. Take the time to shop at several institutions. Compare terms, rates and payments. Small items like terms, rates and payments can cost you or save you thousands of dollars over the

What is fair market value?

With the market heating up, fair market value and what a propriety will sell for seems to change almost daily at the moment. Ultimately a properties value is what someone will pay for it. When you are buying or selling a home, naturally, your most important

Mortgage rates on the rise

Mortgage rates are on the rise again for the third time in two weeks. It would appear that an end to the lowest mortgage rates in 25 years may be near. Mortgage rates are more closely tied to bond rates than the bank of Canada prime rate, as such when

For sale by owner perspectives

When we think of for sale by owner, what we think depends on our perspective. From my way of thinking there are three very different perspectives the seller or vendor, the buyer and the Realtor. From the sellers perspective, his ability to sell, depends

Prices on the rise.

May market numbers March April Change from February Change from March Listings 2779 +112 4.0% 3019 +240 8.6% Sales 1300 +225 17.3% 1843 +543 41.7% Average Sale price $291,371 +$4,288 1.5% $294,703 +$3,332 1.1% House $350,957 +$3,648 1.0% $353,386 +$2,429

Finnancial crisiss in Canada

Why are we as Canadians weathering this financial storm so much better than the rest of the world? I realize that this article from Newsweek by Fareed Zakaria is from February 7th, however provides some good insight into why we as Canadians are not seeing

Tax rebates for renovations and purchases.

Considering buying or renovating a home? Well there has never been a better time, Interest rates are down, prices are down, government incentives are up, and spring is here, at least thats what the calender tells me. With the global economy in recession

Condo documents why should I read them?

Condominium documents are a set of documents including bylaws, meeting minutes and financial statements relating to the condominium corporation. After receiving these documents I have heard clients say, thanks but you know I'm not going to read them,

Foreclosures an urban myth

This is an article taken from the Alberta Realtor association (AREA) Update of March 10 2009. For Canadians, it’s mind-boggling to hear about the prices foreclosures are going for in the United States. Fifty thousand dollars for a 5-bedroom, 3-bathroom,