EDMONTON REAL ESTATE @EdmontonRealty

How long will it take for my house sell? The first question sellers want to know is "how much will my property sell for", but the second one is "how long is it going to take for my home to sell"? REALTORs always say something at this point but it's rarely the truth because it's just not something that the seller wants to hear. The truth is WE DON'T KNOW... we can't possibly know exactly when your house is going to sell!   We do have something, though, that can help us predict with some degree of accuracy how long it could take to sell. It's a chart called the Absorption Rate and EREB (Edmonton Real Estate Board) produces a new one every month. The absorption chart is good for predicting days on the market but it's also like a crystal ball allowing us to look into the future for things like... If the home prices will move upward, stay the same, or come down If the days on the market will increase, stay the same, or ...

Alberta an emerging safe haven amid growing economic volatility Friday, February 25, 2011 By Ray Turchansky, Freelance The consensus of presenters at the first Financial Leadership Summit held by the University of Alberta's School of Business was that, amid global economic volatility over the next couple of decades, Alberta will be a relative safe haven for entrepreneurs and investors. Vinay Pande, chief investment adviser for global markets research with German-based Deutsche Bank, said three things are likely to happen before 2020: world real gross domestic product growth will decline, there will be a risk of inflation, and emerging-market currencies will appreciate against developedmarket currencies. "The style of growth that emerging markets have adopted has a shelf life not exceeding five or seven years," Pande said. "In China, Southeast Asia and eventually India, as these countries are forced to adapt to lower growth, the urge for people to invest will diminish...

Canada policy makers upbeat on dollar, growth http://reut.rs/elwJdC view from outside Canada looking in. Nice perspective Ivan Abelar

200 Edmonton Condos Needed. We have a client looking to buy 200- Apartment condos in Edmonton from select communities. These condos need to be less than $125,000 and not currently listed with a REALTOR. If you have a condo fitting this description please message me with condo details. Ivan Abelar Ivan@premierteam.ca Ivan Abelar

Upgrader Alley to become Petrochemical Place? Posted 5 days ago World-wide economic conditions and energy demand are slowly coming together to once again make Alberta a desirable target for business investment. A series of speakers presented that message to 380 people gathered at the Heartland Industrial Association's annual stakeholder update held last week at the Northlands Exposition Centre in Edmonton. The upshot for the Heartland is while Upgrader Alley might be on hold for a while, the prospect of adding to the petrochemical industry already in the region looks rather promising. The main reason for the shift in potential is the emergence of large supplies of natural gas in the eastern US which have created an oversupply situation and depressed prices of the feedstock, said Neil Shelly, the Heartland Industrial Association's executive director. "Five years ago shale gas was not a significant factor, but it has become bigger than anybody ever anticipated," he said...

December building permits drop 43% from last year Monday, February 7, 2011 By Mario Toneguzzi, Calgary Herald   http://www.calgaryherald.com/mobile/4235861.bin?size=mobile290 Building permits in the Calgary census metropolitan area increased on a monthly basis in December but were well off the pace set a year ago. CALGARY - Building permits in the Calgary census metropolitan area in December plunged in value compared with a year ago but were up significantly from the previous month. Statistics Canada reported Monday that building permit value in the Calgary CMA was $309.4 million for the month, an increase of 37.6 per cent from November but down 43.2 per cent from December 2009. In Alberta, total building permit value was $879.6 million in December, an increase of 0.2 per cent from the previous month but down 28.2 per cent from a year ago. Nationally, the value of building permits increased 2.4 per cent to $5.7 billion in December, following two consecuti...

Alberta is Energy  "It's about engaging Albertans so that there is a line of sight to the economic benefits that are contributed by our industry and to the environmental and social responsibility that is being demonstrated by our industry on a day-to-day basis." April 7, 2010 CALGARY, ALBERTA – Canadian Association of Petroleum Producers (CAPP) president David Collyer and representatives of eight Alberta-based business associations today launched 'Alberta is Energy,' a community-building initiative to raise awareness about the important role the oil and gas industry plays in the lives of Albertans. "It's about engaging Albertans so that there is a line of sight to the economic benefits that are contributed by our industry and to the environmental and social responsibility that is being demonstrated by our industry on a day-to-day basis," Collyer said in a speech to the Calgary Chamber of Commerce. "Why? As one of our CAPP members frequently ...

Edmonton, February 2, 2011: According to the REALTORS® Association of Edmonton the average price of housing increased slightly in January as compared to the previous month. The all-residential average price rose three quarters of a percent to $310,766; up from $308,497 in December. Single family homes rose a quarter of a percent while condo prices dropped just over one percent during the month.   Residential sales of 735 were on par with December sales (834) and sales in January 2009 (775) but off 21% from the same month last year (931). Residential listing activity rose from 1,102 units in December 2010 to 2,142 units in January. Inventory of homes on the Multiple Listing Service® System decreased from 5,721 at year end to 5,633 as of January 31.   "Traditionally the market dips in December but inventory starts to build in January to supply the spring market," explained REALTORS® Association of Edmonton President Chris Mooney. "Prices are up slig...