December 13, 2017
December - Edmonton Market Update
December 8, 2017
Things to do in Edmonton this month
Zoominescence (Dec. 1 – 31)
Celebrate the Season (Dec. 7 – 23)
Choir! Choir! Choir! (Dec. 11)
A Christmas Peril Food Bank Benefit (Dec. 15)
Glow-in-the-dark Axe Throwing (Dec. 23 – Jan. 7)
Shumka’s Nutcracker (Dec. 29 – 30)
Salute to Vienna (Dec. 30)
December 8, 2017
New property listed in Zone 14, Edmonton
Categories:Zone 14, Edmonton Real Estate
I have listed a new property at 505 CARSE LANE in Edmonton.
IMMACULATE well kept family home in the desirable Carter Crest is sure to impress! With almost 3000 sq ft of executive living space, 6 bedrooms, 4 bathrooms, 17 ft vaulted ceilings in Living & Dining Rooms, Gorgeous Hardwood Floors and the list goes on! The kitchen boasts ample OAK cabinetry and a large dinette overlooking the private south facing yard and family room. Upstairs the Massive Master bedroom features a 5pc DOUBLE JACUZZI en-suite with his and hers sinks, walk in closet and a spacious seating area with a view of the beautiful backyard ensuring parents have a quiet space to relax. The fully developed basement has a wide open concept for entertaining and a nanny suite with 3 pc bath and walk-in closet. Enjoy the sunny south facing private yard with stamped concrete patio. Freshly painted top to bottom, 2 HE furnaces, H2O Tank, water softener. Steps to walking paths & parks, Terwillegar rec center, close to shopping, multiple schools, public transportation, Whitemud & Anthony Henday.
December 2, 2017
New property listed in Zone 58, Edmonton
Categories:Zone 58, Edmonton Real Estate
I have listed a new property at 324 1520 HAMMOND GATE in Edmonton.
This is a great find in The Hamptons! 2 bedroom, 2 FULL BATH condo and a titled HEATED underground parking stall!! The open concept kitchen is finished with STAINLESS STEEL APPLIANCES and an easy to clean tile backsplash, facing the living room with huge windows that make for a bright atmosphere and a deck that faces downtown! 2 great sized bedrooms, the Master bedroom has a WALK-IN CLOSET and 4 piece EN-SUITE. IN-SUITE LAUNDRY with wire racks and plenty of room for storage. This unit is meticulously cared for and very clean! The building has a SECURITY system, elevator, and visitor parking. Titled parking stall is close to elevator access. Handy to major grocery, banks, schools, transit and more!
November 30, 2017
NEW MORTGAGE QUALIFICATION RULES
Qualifying for a mortgage has never been a breeze and it’s about to get much harder.
In mid-October, the federal government announced changes to mortgage qualification rules and a more stringent “stress test” for uninsured mortgages for those with a 20 per cent or higher down payment.
The biggest impact these changes will have is on purchasing power and housing affordability. Rate Hub, a rate comparison website, looked at two different financial scenarios to compared what a family could afford to buy before and after the new rules.
Before the changes, a buyer could borrow roughly the equivalent of seven times their yearly income. With the new rules, that has been reduced to slightly more than five times their yearly income.
In practice, the new rules means that homebuyers have had their buying power slashed by about 20 per cent.
The latest stress test comes after several other rule changes this year in the real estate market that have been met with equal criticism. Earlier this fall, borrowers with less than 20 per cent down payments were affected and, now, the focus has turned to those with 20 per cent or more down payment.
The idea, regulators explain, is to help protect banks and ensure that everyone – no matter how much money they’ve initially put down – have to undergo a stress test before borrowing.
Banks are competitive and, to drive business, do not want to offer below-market rates and mortgages if other banks are doing so. By making it a federal regulation, it means that all banks have to be on board – levelling the playing field and reducing risks from uninsured mortgages all around.
For homebuyers, however, it means that some properties are now out of financial reach which brings up all sorts of issues of housing affordability because people will no longer qualify to borrow as much money as previously.
Experts say that the new measure will hit the real estate market like a sledgehammer by driving down prices. Others believe it is a good change and will equalize the market over time.
The changes come into effect on January 1, 2018.
November 24, 2017
FALL BACK TO GOOD HABITS: HEALTH FOR YOU AND YOUR HOME
Bustling winds, rainy days, and stormy nights are now solidly upon us with few hints left of warmer times left.
Do not despair, with the shift of seasons comes a chance for change for both you and your home. Take the right steps for you and your family to be happy and well.
November 18, 2017
New property listed in Zone 21, Edmonton
Categories:Zone 21, Edmonton Real Estate
I have listed a new property at 14835 103 AVE in Edmonton.
ABSOLUTELY IMMACULATE & BEAUTIFULLY UPGRADED INFILL DUPLEX!!! Here's the best of both worlds...a new home in the desirable and established neighbourhood of GROVENOR. Steps to shopping, public transportation (New LRT LINE), MacKinnon Ravine and Edmonton's Majestic North Saskatchewan River Valley Parks and Trails System. This Gorgeous 3 Bedroom home is perfect for someone looking for a new home in an older established area. Beautiful open concept boasts 9' ceilings, Rich Hardwood & Ceramic Floors on the main, Plush Carpets in the Bedrooms, Ample Kitchen cabinetry, huge centre island, built in computer desk, Stainless Steel Appliances, The Master Bedroom features a 3 piece ensuite and large walk-in closet. The low maintenance and private south facing yard has a nice sundeck with gas hook up for the BBQ and is fully fenced. The detached single garage has plenty of room for extra storage as well.
November 15, 2017
November - Edmonton Market Update
November 8, 2017
Stylish floor lamp design ideas
Floor lamps are essential not only for its function but also for creating a statement or design element in your living room. Here are just some stylish floor lamps to decorate your home.
November 7, 2017
New property listed in Zone 09, Edmonton
Categories:Zone 09, Edmonton Real Estate
I have listed a new property at 11005 75 ST in Edmonton.
LOCATION, LOCATION, LOCATION...INCREDIBLE OPPORTUNITY just steps to the Majestic North Saskatchewan River Valley Park System located just above Kinnard Park makes this building project a RARE FIND for the right Buyer. This infill build has stalled and needs the right Buyer to complete this executive bungalow with suite potential. Imagine owning a brand new home amongst the historical charm and character of beautiful Virginia Park. Framing, roofing, windows, electrical, plumbing, Furnace, huge oversized garage (28'x22'), concrete walks & driveway, etc. are all here...the right finisher to complete this project is required!!!!
November 2, 2017
Bank of Canada's interest rate spike: What does it means for homeowners with mortgages?
The Bank of Canada hiked interest rates twice this summer and the increases come at a time when many Canadians are struggling to pay off debt.
First, in July, the bank announced a raise from 0.5 to 0.75 per cent and then, at the beginning of September, hiked rates again to a full one percentage point. A report by TransUnion last year estimated that if interest rates were raised by one percentage point, 700,000 Canadian households would face serious financial ramifications.
Those most affected by the interest increases are those paying back debt — such as Canadians with mortgages. According to Scott Hannah, the president and CEO of the Credit Counselling Society of British Columbia, new homeowners who have just taken out a large mortgage are the most vulnerable to the changes.
His recommendation is to try to pay off debts as quickly as possible to avoid future interest hikes or, in the case where that is not possible, to try to switch to a fixed-rate mortgage to mitigate against economic ups-and-downs.
After the latest hike, the Forum Poll found that a third of Canadians fear the proposed change will negatively impact their finances — especially those in British Columbia, Alberta and Ontario.
The bank’s announcement has been met with vehement criticism, especially as the Canadian dollar continued to slip, and some experts say the bank may well pause the interest rate hikes for now. Others, however, are adamant that the rises will continue and that it is up to individual Canadians to do the best they can to safeguard their finances.
The Bank of Canada is expected to finalize its plans in the coming weeks but, even if the most recent spike is held off, that will not necessarily mean an end to raising rates for the year, experts say.
November 2, 2017
New property listed in Zone 27, Edmonton
Categories:Zone 27, Edmonton Real Estate
I have listed a new property at 16424 100 ST in Edmonton.
RARE FIND...INCREDIBLE PRICE...HANDICAPPED ACCESSIBLE AND REMODELED BUNGALOW TO ACCOMMODATE A SPECIAL NEEDS FAMILY. This home has been remodeled with ramps front and back, wide door frames, no hallways, roll in bath, ceiling track system, motorized lift to basement, wheelchair accessible vanities, oversized attached garage (20'x28' with single door) with interior ramp, etc. The property is located close to public transportation, schools, shopping, parks and more.
November 2, 2017
New property listed in Zone 07, Edmonton
Categories:Zone 07, Edmonton Real Estate
I have listed a new property at 10831 135 ST in Edmonton.
PRIME NORTH GLENORA LOCATION!!!! AWESOME INFILL, REDEVELOPMENT OR UPGRADE OPPORTUNITY!! This spacious 1,330 S.F. Semi-Bungalow has been meticulously maintained and boasts BEAUTIFUL ORIGINAL OAK HARDWOOD FLOORS ON THE MAIN & UPPER LEVELS. House and Garage wrapped in vinyl siding, upgraded Mid Efficient Forced air furnace, newer hot water tank, new 100 amp electrical service, newer sump pump, RARE FRONT DRIVE ACCESS AND REAR DOUBLE GARAGE OFF LANE. Lots of room for extra toys and RV Parking, Privacy chain link fencing and a meticulously manicured and fully landscaped yard. Easy access to Westmount Shopping Centre, Public Transportation (hub), U of A, Grant McEwan, Downtown and Edmonton's Majestic River Valley Trail System.
October 27, 2017
New property listed in Zone 56, Edmonton
Categories:Zone 56, Edmonton Real Estate
I have listed a new property at 2132 GLENRIDDING WAY in Edmonton.
Perfect for anyone...why wait to build? This immaculate Pacesetter "Paladin Model" features 3 bedrooms, 2 and a half baths, generous and stylish finishes invites comfort and exudes modern elegance. You'll enjoy a perfect setting for relaxing and entertaining. Plenty of natural night flows throughout the home's open, airy layout with a generously sized living room, cozy gas fireplace, an open kitchen that will inspire your inner chef, center island with bonus seating, STAINLESS STEEL APPLIANCES & a large dining area. Guest bath and functional mudroom are just around the corner. The huge master bedroom features a private 4pc ensuite and spacious walk-in closet, 2 additional bedrooms and another full bath! The basement is an unfinished blank canvas with RIDP, a Kinetico water system & Air purification system. There's an OVERSIZED DOUBLE GARAGE for larger vehicles & toys. Glenridding is nestled away from bustling city life yet still conveniently connected by Anthony Henday & many major amenities nearby.
October 26, 2017
The real deal: School rankings and House prices
The relationship between the quality of a school district and real estate prices in the neighbourhood is a bit of a “chicken-and-the-egg” question.
The highest-ranking school districts tend to have higher house prices than less sought-after districts. At the same time, more affluent homeowners often live in more popular school districts. It’s not always clear which is the motivating factor: do school districts influence house prices or vice versa?
Regardless of which came first, at the end of the day, the fact remains: schools that have higher rankings are, on average, in neighbourhoods with higher real estate values. According to a survey by the Ontario real estate brokerage TheRedPin, homeowners pay a premium of between 20 to 36 per cent for living in proximity to the best schools in Toronto.
91 per cent of prospective homebuyers said that school rankings were important in their search, according to a survey by Realtor.com®, and 60 per cent of buyers said they would pay above their budget to live in their desired school catchment.
Why are schools so influential?
In large part, it comes down to the age-old search for better education and opportunities for the next generation. Parents will sacrifice a lot to improve their offspring’s future and a higher-ranking school is part of that.
It’s also a matter of convenience. Once you have your heart set on a school, it’s a huge time-saver to live a bus ride or walk away. The same Realtor.com® survey found that more than half of buyers are willing to give up other comforts – such are more room or proximity to shopping centres – in exchange for living in the right school catchment.
All this, as a total, means there is a huge demand for family homes in certain areas because of school rankings. Even for homeowners without children, a good school is typically seen as a sign of a strong, stable community — a good thing for house prices for everyone who lives nearby.
October 11, 2017
Things to do in Edmonton this month
Bison’s Eye View - Oct 15
Short Film Festival - Oct 14 to 15
Ladies Learning Code - Oct 21
A Caravan Cabaret - Oct 21
October 11, 2017
New property listed in Zone 20, Edmonton
Categories:Zone 20, Edmonton Real Estate
I have listed a new property at 18636 68 AVE in Edmonton.
Incredible location, private pie shaped lot and loads of upgrades including NEWER SHINGLES, NEW CARPET, FRESHLY PAINTED, NEWER KITCHEN, MAIN BATH, APPLIANCES, CENTRAL AIR, Mid Eff. Furnace & hot water tank... The main floor has a sun filled large kitchen with soft close cupboards, living room with plenty of room to entertain and a formal dining room ready for large gatherings. The Upper level has a Spacious Master with walk in closet and a 2 piece ensuite, 2 bedrooms, and a beautifully remodeled 4 piece bath. The living room is very large with a stone faced wood burning fireplace and located next to a multi-functional room great for a den, family room, or bedroom. The unspoiled basement is ready for your personal touch and offers LOADS of added storage space & laundry area. The LARGE, private, treed backyard has plenty of space to relax and entertain. Walking distance to multiple schools, YMCA, Callingwood Arena, Library, Whitemud & Anthony Henday and more!!!
October 3, 2017
New property listed in Zone 20, Edmonton
Categories:Zone 20, Edmonton Real Estate
I have listed a new property at 235 ORMSBY RD E in Edmonton.
"Kimberley Homes" Custom Built 2,050 S.F. Family home situated on a huge pie shaped lot in a private Cul-De-Sac in Desirable Ormsby Place. The main floor boasts a bright and open floor plan with a formal dining room, large kitchen with walk in pantry, centre island with breakfast bar, a sunny dinette and large living room with a 3 sided gas fireplace for those chilly nights. Upstairs has a bonus room with vaulted Ceilings, 3 spacious bedrooms, a 4 pc bath and beautiful king-sized Master retreat with 5 pc ensuite & walkin closet. The NEWLY DEVELOPED BASEMENT features a second family room, walk up wetbar with ample cabinetry, large storage room, a spacious bedroom with 2 large windows and a gorgeous ensuite bath. Outside you can relax on the private & sunny deck overlooking the lush green pie shaped backyard! BONUS FEATURE is the 28'x 20' OVERSIZED double attached garage, CENTRAL AIR, hardwood floors, dog run, play house, storage shed, minutes to West Edmonton Mall, YMCA, Whitemud, and Anthony Henday!!!
September 27, 2017
Antique and Modern Doorbell Designs
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