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Showing posts from July, 2011

Edmonton Real Estate Deal of the Week!

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2103 40st, Edmonton AB Fully renovated. Features include newer oak kitchen, carpet, hardwood floors, ceramic tiles, paint in & out, windows & doors, furnace, railings,window coverings, upgraded bathrooms. Living room has corner windows and wood burning fire place. Kitchen has raised oak cabinets, newer sink and taps, under counter lighting, bay window and top of the line appliances. Master features a bay window. The basement has a family room, large rec room ideal for games room/pool table or esily a 4th bedroom. The 4pc bathroom features two shower heads. Laundry area has lots of built in shelving. The house is situated in a quiet cul-de-sac and good nieghborhood. Extra large lot fully fenced with chain link fence and privacy slats. RV parking for a lg unit with easy access. Good size patio and nicely landscaped. For the handy man there is a 22' x 26' insulated garage. This one is definately the whole package. Quick possession available more pics click here

Private home buying, selling under one roof! Is www.cheapcomm.com an alternative?

Private home buying, selling under one roof Friday, July 22, 2011 By Bill Mah, Edmonton Journal With Files From Postmedia News  The Canadian real estate market got more competitive with the merger of two discount home-buying and selling companies, says the head of PropertyGuys.com. Ken LeBlanc, president and CEO of the Moncton, N.B.-based privatesale franchise network, says a partnership announced this month with Toronto-based discount brokerage Realtysellers Real Estate Inc. levels the playing field with traditional real estate agents. Financial terms of the deal were not disclosed. "It allows us to basically marry both worlds," said LeBlanc, who is visiting Edmonton on Friday and Saturday for the company's western regional conference. PropertyGuys has five franchise owners in Edmonton and 20 in Western Canada among 111 franchises nationally. "PropertyGuys.com has been for the last 13 years in the private-sale space. We've been head-to-head with all the othe...

Economic strengthening of the local real estate market!!!

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Edmonton, July 5, 2011: Economic and other external indicators point to a strengthening of the local real estate market according to the REALTORS® Association of Edmonton. ◦Statistics Canada reported that Alberta boasted the highest spike in population in the first quarter with a 0.4% increase. ◦The Conference Board of Canada predicts that housing prices in Edmonton will increase from five to seven percent in the short term although local prices are currently down when compared to last year. ◦Although the Bank of Canada seems reluctant to raise interest rates because of the negative impact on exports, CMHC reports that Canadians are budgeting for an interest rate hike. ◦While housing prices nationally are up by 8.6% (May figures) Edmonton prices are tracking predictably in a stable market. ◦CIBC is of the opinion that Alberta home prices are over-valued by 17% yet RBC names Edmonton amongst the most affordable major metro markets in Canada. ◦A report by Peters and Co. ...

House prices may have hit the top

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House prices may have hit the top STEVE LADURANTAYE — REAL ESTATE REPORTER Globe and Mail Update Published Thursday, Jul. , 2011 Last updated Thursday, Jul. , 2011 9:04AM EDT House prices have likely peaked after a strong six months, Royal LePage Real Estate Services said Thursday in a market update. While prices saw big year-over-year price increases in the second quarter, “high house prices are concealing early signs of a moderating market.” “The market has seen its near-term peak in house price appreciation, and a slower second hStill, the national average price is expected to end the year 7.7 per cent higher than they started. At the end of the second quarter the average price for a standard two-storey home rose 6.1 per cent to $390,163, a bungalow rose 7.5 per cent to $356,625 and a condo rose 3.5 per cent to $238,064. “In many of Canada’s regional markets, we saw house prices appreciate at a significantly faster rate than wages and salaries, and this trend cann...

Alberta Consumer Confidence

Consumer sentiment in the Prairie region rose in April 2011, reaching the highest level in over a year. A decrease in the balance of sentiment about household budgets was more than offset by improvements in sentiment regarding job growth prospects and making major purchases.  The outlook for job growth improved for the second consecutive month in April. Sentiment was on par with levels reported back in March 2010, which was the highest in recent history. The balance of sentiment about making a major purchase, such as a home or a car, bounced back after falling into negative territory in the previous month. A positive balance of sentiment means more survey respondents said it was a good time to buy a big-ticket item, such as a home or car, than said it was a bad time to do so. This indicator is an important factor underlying the housing market.  The balance of sentiment about the outlook for household budgets was less positive in April than it had been in March 2...