West of downtown Edmonton, Crestwood is a calm, residential area with large lots and mature trees on land that’s in between two ravines with views from multiple directions over the North Saskatchewan River.

It’s a beautiful location, ideal for families who want to live relatively close to the centre of the city but with all kinds of bike paths, hiking trails and other river valley recreational opportunities. The real estate here starts in the mid-six figures and runs into the millions. Although the average number of people per household is less than three, it’s almost all single-family homes (nine out of 10 properties), with some apartments. There are many original, renovated homes (first built after WWII) as well as plenty of brand-new builds.

Crestwood runs east-west from the Edmonton River Valley to 149 Street and north-south from the MacKinnon Ravine to the MacKenzie Ravine. Stoney Plain Road takes you downtown and 149 St runs south to Whitemud Drive.

The self-employed among us have being writing off home office expenses for decades. Now, the Government of Canada is letting work-from-home employees do the same. If that’s you, why not claim as many home office expenses as possible on your personal income tax return! As our federal government points out, “deductions reduce the amount of income you pay tax on, so they reduce your overall income tax liability.” Who ever thought we’d be saying: “Thanks, CRA!”

You’ll find full information at Canada.ca, where it states: “All salaried employees and commission employees can claim: electricity, heat, water, utilities portion (electricity, heat, and water) of your condominium fees, home internet access fees, maintenance and minor repair costs and rent paid for a house or apartment where you live. Commission employees can also claim home insurance, property taxes, lease of a cell phone, computer, laptop, tablet, fax machine, etc. that reasonably relate to earning commission income.”

Hope that helps!

Many analysts currently believe the Government of Canada is going to keep interest rates ultra low until 2023. Why? Because, to have a healthy Canadian economy during these challenging times, we need to keep spending, investing and, yes, borrowing money in the form of loans and mortgages. A low interest rate makes it easier for everyone to do just that.

If you’re buying your principal residence, a low rate can mean an easier approval on your first-time or new mortgage as well as significant savings over a fixed term. If you’re an investor, a rock-bottom rate can save you interest on your loans and mortgages, helping you invest even more and keep the economy going! For sellers, low interest rates can mean more potential buyers because more people can get approved for mortgages. That, in turn, can sometimes mean higher prices. If you’re selling, it presents an improved opportunity to move up to a more expensive property with a bigger yard and more square footage for the home gym and office. Moving up like that is very popular at the moment, with many Canadians looking for more space.

As your realtor, when interest rates are low, we can cast a wider marketing net, pitching your for sale property to more people because it’s easier for them to get bank financing. Even if you’re not ready to sell, 2021 might be a great year to re-finance your debt and improve your cash flow. You might want to renovate your home for a higher level of comfort during the next months and years, knowing there’s a good chance you’ll be working from home at least some of the time.

Is there any downside to lower interest rates? Not really, except: Buyers sometimes get into trouble when they acquire a low-interest mortgage without locking it in. If the rate goes up, you might not see a major monthly payment increase, but there will typically be an adjustment of your terms. The interest over that extended term can add-up, big-time. To counter this, opt for a medium term with a fixed, not floating, rate.

If you want to surround yourself with the natural beauty of Edmonton’s river valley, take a look at Riverdale. This neighbourhood is often described as being one of the city’s most attractive.

Enclosed by the North Saskatchewan River to the east and south, and by the high cliffs of the valley on the west and north, it is a well-established community on a large, flat area about a mile away from the downtown core. Originally settled more than 100 years ago, it was the site of heavy industry, with coal mining, brick manufacturing and a lumber mill. Today, many character homes remain, along with a small church and brick school in a setting full of mature trees.

Parks near Riverdale include Allan Stein, Dawson, and Louise McKinney Riverfront Park. The nicely-landscaped Riverside Golf Club is here, too. Like other close-to-the-core communities, Riverdale real estate ranges from entry level condos and half-duplexes (still very stylish and comfortable) to luxurious single-family homes on multi-acre lots, many with great views.