My wonderful clients just received confirmation back about their tax assessment review/ adjustment we did back in the spring. I'm so excited to report they are now receiving a credit back from the city for $380! Trust me your tax assessment is not the true value of your property. The city has never even been in your home! If you need help just call me. (Now I'm just waiting on my own review ;)

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Edmonton, June 2, 2017


In the Edmonton Census Metropolitan Area (CMA), all residential unit sales for May 2017 are up 25.37% relative to April 2017, and down 2.78% compared to May 2016. Relative to this period of time last year, the year-to-date sales are up 38.19% month over month and 2.70% year over year.

Average prices for single family home increased both month over month and year over year, increasing to $440,907, up 0.33% compared to April 2017 and up 0.26% relative to May 2016. Condominium average price was $250,818 in May 2017, a decrease of 2.69% compared to April 2017 and a decrease of 0.67% compared to May 2016. Average prices for duplexes/rowhouses and condominiums decreased in May. Duplexes and rowhouses average price decreased to $344,406, a 3.75% decline from April 2017 and 1.52% lower than May 2016.

“We are in the middle of our busiest season for real estate,” says James Mabey, REALTORS® Association of Edmonton Chair. “More sellers are entering the market and are motivated to move their properties before the summer months, which provides the best selection of properties for buyers who are actively looking and taking advantage of the increased number of listings typical for this time of year.”

Inventory continued to increase for May and is up 10.16% over April 2017, increasing 4.33% relative to May 2016. New listings increased 16.21% relative to April 2017, and increased 15.09% compared to May 2016.

Average days on market remained stable, decreasing slightly for most categories in May. The average for single family homes was 48 days on market, identical to April 2017, and down marginally compared to 51 average days in May 2016. Condominiums increased to 62 days on market from 60 days in April 2017 and May 2016. Average days on market for duplexes and rowhouses decreased to 61 days, compared to 64 days in April 2017 and increased compared to 59 days in May 2016.

 

MLS® System Activity for May 2017

  1. Census Metropolitan Area (Edmonton and surrounding municipalities)
  2. Single Family Dwelling
  3. The total value of sales in a category divided by the number of properties sold 
  4. he middle figure in a list of all sales prices
  5. Residential includes SFD, condos and duplex/row houses. 
  6. Includes residential, rural and commercial sales

 

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Another fabulous Edmonton home sold to a great family. Acquiring a great buy in the Edmonton real estate market can be complicated. Feel free to contact Angie Resendes for your no obligation Informed Buyers Seminar. We would love watch you “slap” your sold sticker up 

:)

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Edmonton, May 2, 2017
In the Edmonton Census Metropolitan Area (CMA), prices in all residential categories increased both month over month and year over year. The single family home average price increased in April 2017 to $439,438, up 0.07% compared to March 2017 and up 0.03% relative to April 2016. The condominium average price was $257,740 in April 2017, an increase of 6.23% over March 2017 and an increase of 2.32% compared to April 2016. Duplexes and rowhouses average price increased to $357,815, 2.58% higher than March 2017 and 4.97% higher than April 2016.

“Average monthly prices across all categories have increased,” says James Mabey, REALTORS® Association of Edmonton Chair. “Despite slightly slower April sales, the spring buying season is off to a solid start.”

April unit volumes for all categories was similar to March 2017, and increased 0.27% month over month. While all residential unit sales were down 6.99% year over year, total year to date sales increased 5.06% compared to April 2016.

Average days on market remained stable, decreasing slightly for most categories in April. The average for single family homes was 48 days on market, a decrease from 50 in March 2017. Average days on market for condominiums was 60, a decrease from 67 in March 2017. Duplex and rowhouses increased to 64 days on market from 62 in March 2017.

New listings increased 2.73% relative to March 2017, and decreased 2.65% compared to April 2016. Inventory continued to increase and is up 11.84% over March 2017, decreasing 3.76% relative to April 2016.

“Inventory levels and unit volumes continues to increase as the weather warms, which is typical for the market at this time of year,” says Mabey.

 

MLS® System Activity for April 2017

  

 

  1. Census Metropolitan Area (Edmonton and surrounding municipalities)
  2.  Single Family Dwelling
  3.  The total value of sales in a category divided by the number of properties sold 
  4.  The middle figure in a list of all sales prices
  5.  Residential includes SFD, condos and duplex/row houses. 
  6.  Includes residential, rural and commercial sales









 
 
 
 
 
 



















 
 
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Bright and spacious OPEN PLAN condo has loads to offer! From a MASSIVE STORAGE area, super-sized IN-SUITE LAUNDRY ROOM to 2 LARGE BEDROOMS. You will love the wide open
entertaining area with abundant kitchen cabinetry and sparkling white appliances (you could also add a large island!). Outside you will find the PERFECT BBQ area on your PRIVATE PATIO
with east facing exposure overlooking the creek, onsite management, energized parking stall and easy transit access. Don't worry there is loads of visitor and street parking for your guests!
Market rent for this building is $1050 so LIVE IN, INVEST OR HOLD!

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Several narrow homes under construction along 102 Avenue.

 

City councillors decided to further narrow the minimum lot width for a single-family house to 7.5 metres Wednesday to accommodate small errors in previously imprecise survey methods.

Edmonton lots used to be measured with a chain, which could have kinks or otherwise create errors. That means several thousand standard-size lots the city thought were 50 feet or 15.24 meters wide, and therefore wide enough to subdivide, were actually slightly too narrow.

Councillors said they hope dropping the minimum requirement to 7.5 metres from 7.6 metres will solve the issue and make it clear for homeowners and all parties involved.

“This has been a contentious issue,” said Coun. Ben Henderson. “Being really public about the line is important so everybody knows they are being treated fairly.”

 

“That is our line and it will be set in stone,” added Coun. Andrew Knack. “We’re not going to just keep moving it down here.”

If an application to split a lot results in two lots narrower than 7.5 metres, city officials said they would refuse the application. The developer would then have the option to argue his or her case at the Subdivision and Development Appeal Board.

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Edmonton, March 2, 2017


Reported unit sales continued to outperform 2016 in the Edmonton Census Metropolitan Area (CMA), with all residential categories increasing 26.6% in February 2017.

Unit prices continued to remain stable compared to previous reported periods. Single family home prices increased 2.61% over January and 1.85% compared to February 2016, to an average selling price of $427,726. Duplex and rowhouse unit prices decreased by 1.40% compared to January and decreased 1.78% relative to February last year. Condominium unit prices, which tend to experience higher fluctuations due to the wide variety of listings, continued to decrease, declining to 6.51% in January 2017 and 6.65% in February 2016.

 “As we head into the spring buying season with stable prices, coupled with increases in unit sales and seasonally-appropriate inventory levels, it seems like a positive sign for our market,” says James Mabey, REALTORS® Association of Edmonton Chair.

While 2016 overall had higher inventory relative to previous years, 2017 inventory is more consistent with typical market activity for this time of year. Overall inventory decreased 8.58% compared to February 2016, and increased 9.19% compared to January 2017.

Average days on market (DOM) in February was 65, which is an increase from 57 days in February 2016 and a decrease compared to 72 days in January. Single family home average DOM was 59 days, down 3 days year to date (YTD) and condominium average DOM was 73, down 5 days YTD. Duplex and rowhouse average DOM increased to 80 from 76 YTD.

Certain segments of the market continued to gain in popularity with buyers this month. Condominiums under $250,000 represented the majority of reported sales for that category. Although duplexes and rowhouses account for only 11% of total unit sales, the reported sales for 2017 are up 41% compared to 2016, signaling continued growth in popularity of this property type.

“As the weather warms and we begin looking towards spring, both buyers and sellers are making some of the biggest financial decisions of their lives,” said Mabey. “A professional REALTOR® is here to help you through it.”

 

MLS® System Activity for February 2017

 

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold 
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses. 
6 Includes residential, rural and commercial sales

 

 


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While opponents of homeownership claim it's "the American nightmare," self-made millionaire David Bach is doubling down on his faith in real estate.

He thinks that not prioritizing homeownership is "the single biggest mistake millennials are making."

Buying a home is "an escalator to wealth," he tells CNBC.

 

Young adults in particular aren't hopping on this escalator, and it's a costly mistake, Bach warns: "If millennials don't buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter."

The self-made millionaire is quick to say that the smartest investments he's ever made have been the three homes he's purchased. He tells CNBC: "I first bought a home in San Francisco. It skyrocketed in price. I moved to New York and bought another home. It skyrocketed in price. My net worth has gone up millions and millions of dollars, simply because I've lived."

 
Self-made millionaire and bestselling author David Bach
 
Self-made millionaire and bestselling author David Bach

Bach argues that you have to live somewhere for the rest of your life, so you might as well invest in a home that you could own permanently.

As he writes in "The Automatic Millionaire," "As a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a month for 30 years comes to $540,000), and in the end wind up just where you started — owning nothing. Or you can buy a house and spend the same amount paying down a mortgage, and in the end wind up owning your own home free and clear!"

If you want to get in the game of homeownership, start by crunching the numbers, Bach says: "Actually do the math. Look and see what things costs, starting with the smallest options. This way, you're really clear on your goals and you won't just say to yourself, 'I'll never afford this.'"

A good rule of thumb is to make sure your total monthly housing payment doesn't consume more than 30 percent of your take-home pay. He also recommends having a down payment of at least 10 percent, though more is always better. Finally, recognize that "oftentimes, buying your first home means you're not buying your dream home," Bach tells CNBC. "You're just getting into the market."

A lucrative market, that is. "The fact is, you aren't really in the game of building wealth until you own some real estate," Bach writes.

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FIRST POSTED: THURSDAY, FEBRUARY 02, 2017 12:28 PM MST

real estate for sale condos
 

Edmonton home sales staged a rebound last month, rising 19 per cent from the previous January, new figures from the Realtors Association of Edmonton show.

There were 738 home sales in January. The 2,185 residential listings were down 7.6 per cent from the same period last year, and the average price for all types of housing rose 4.8 per cent to $355,841.

The average single-family home sold for $416,859, virtually unchanged over the last 12 months, while the $246,727 average condo selling price was up 8.7 per cent.

“2017 has started strong, with an increase in year-over-year unit sales and prices remaining,” association chair James Mabey said in a news release.

“While it is still early in the year, the rise in sales suggests that consumer confidence in the housing market is on the rise.”

 

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So happy to see one of my go to mortgage brokers able to help one of my first time buyers (who was told she would not be able to purchase by a virtual company). She can buy her dream home NOW (thanks to our go to lending team)! I can't stress enough how important a good mortgage rep is when buying a home. We have to work along side them and ensure your deal is structured in such a way that you are saving the most money, with the best terms while jumping through endless financing hoops. Big thank you to Vince Arcand this week from TMG The Mortgage Group.

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Edmonton, February 2, 2017Reported unit sales for all residential listings in the Edmonton Census Metropolitan Area (CMA) were strong in January, increasing 19.4% compared to the same month in 2016. Reported unit sales were also up relative to December 2016, increasing by 3%.

Unit prices were consistently stable with only modest decreases across each category. Compared to January 2016, condominium prices increased 8.7% and duplex/rowhouses increased 8%. Both categories decreased only slightly relative to December 2016, with condominiums down 0.37% and duplex/rowhouses down 0.46%. The average price of a single family home remained stable at $416,859, which is down 0.49% relative to January 2016, and down 0.97% compared to December 2016.

“2017 has started strong, with an increase in year over year unit sales and prices remaining,” said James Mabey, REALTORS® Association of Edmonton Chair. “While it is still early in the year, the rise in sales suggests that consumer confidence in the housing market is on the rise.”

The average days on market for all residential listings increased, which is typical for the winter season. Single family homes average days on market was 68, compared to 62 days on market in the previous month. Condominium average days on market increased to 82 relative to 80 days in December 2016. Duplex/rowhouses continue to be popular, with the average days on market decreasing to 68 days, which is 10 days faster than in December 2016.

All residential inventory decreased 2.7% compared to January 2016, and increased by 7.4% relative to December 2016. While the overall listings for January more than doubled compared to December 2016, from 1,067 to 2,185, they decreased year-over-year by 7.6% when compared to January 2016.

“REALTORS® always look forward to fresh inventory in the spring. Inventory was a big story in 2016, so it is positive to see more seasonally-appropriate inventory for 2017,” said Mabey.

 

MLS® System Activity for January 2017


 

  1. Census Metropolitan Area (Edmonton and surrounding municipalities)
  2. Single Family Dwelling
  3. The total value of sales in a category divided by the number of properties sold 
  4. The middle figure in a list of all sales prices
  5. Residential includes SFD, condos and duplex/row houses. 
  6. Includes residential, rural and commercial sales

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Canadian Real Estate Association says resales will increase but prices will stay mostly flat

Housing sales in Alberta will increase by 3.5 per cent in 2017, predicts the Canadian Real Estate Association.

 

Home sales will see a modest uptick in 2017 but prices will stay flat, according to the Canadian Real Estate Association.

The national group's updated resale housing forecast predicts sales in Alberta to rise by 3.5 per cent next year while average prices drop by just point-eight of a percentage point.

"The forecast rise in Alberta's sales in 2017 mostly reflects slow sales activity in the first quarter of 2016, a repeat of which is not expected," the CREA report says.

 CREA chief economist Gregory Klump says even with all the layoffs in Alberta recently, there has not been a mass sell-off of homes.

 "What we've been seeing is that listings have really been held in check and there isn't that oversupply situation that would lead to the kind of price declines that are associated with a massive oversupply of homes in the face of weak demand," he said.

 Home prices in Calgary dropped by four per cent from 2015 to 2016, according to CREA's November numbers.

Klump says the continuing rebound in the price of oil will likely help lift the Alberta economy in the new year. 

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Winter season sales and inventory decrease


Edmonton, January 4, 2017The Edmonton Census Metropolitan Area (CMA) real estate market marked a year of overall stability in 2016. Prices were also consistently stable with only modest decreases throughout 2016. Condominiums and single family home prices decreased, with condominiums declining 0.53% and single family homes declining only 0.86%, relative to 2015. Duplexes and rowhouses, which account for approximately 10% of all unit sales, experienced the most decline in prices, decreasing 5.22% compared to 2015.

 

In total, 16,170 residential unit were reported sold in 2016 as compared to 17,325 in 2015. Average days on market for 2016 for all sold units was 57, up 6 days from the average of 51 days on market in 2015. The reported all-year sales to listing ratio was 52%, indicating a fairly balanced market.

 

“2016 was a steady year for real estate in Edmonton and many of the surrounding communities. The ongoing economic instability certainly affected unit sales and inventory, but sale prices have continued to hold,” said James Mabey, REALTORS® Association of Edmonton Chair.

 

In December 2016, sales of all residential properties through the Edmonton Multiple Listing Service® (MLS®) System in the Edmonton CMA were up 0.42% from December 2015. This stability was reflected across all property types, which showed little change compared to the same month in 2015. Single family home unit sales were down only 2.53%, condominiums were unchanged and duplexes/rowhouses increased 19.44% from December 2015.

 

As is typical for the winter, December average days on market increased across all categories relative to the previous month. Single family homes required on average 62 days to sell, compared to 52 days in November 2016.

 

Duplexes/rowhouses took 78 days to sell compared to 74 days in the previous month, and condominiums took 80 days to sell, only one day longer than November 2016. Overall, inventory for December in the Edmonton CMA was 5,208, which is down 19.8% relative to November 2016 and up 2.4% compared to the same month in 2015.

 

“Now that the 2016 holiday season is behind us and a new year is here, we expect listings and sales to begin to increase again,” said Mabey. “As Edmontonians are making their plans for 2017 and considering selling or buying a home, it is a great time to talk to a local REALTOR® for expert market advice.”

 

MLS® System Activity for December 2016

 

 

 

1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold 
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses. 
6 Includes residential, rural and commercial sales

 


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Skaters have several choices for public outdoor ice skating surfaces in Edmonton. The City maintains both ground and pond ice rinks in the major parks. Children and inexperienced skaters should use an approved helmet while on the ice to prevent injuries.

Be Safe on Ice

City-operated ice surfaces are monitored on a daily basis and will be closed if unsafe. Be safe on ice—please keep off closed ice surfaces and obey all signage.

Note: Sticks, balls and pucks are only allowed in a designated shinny/hockey area. Pets are not allowed. For more information, please see public skating guidelines.

Outdoor Rinks

Check the notifications for current status and conditions before visiting.

Castle Downs

Located in Castle Downs Park, 153 Avenue & 115 Street.

  • Outdoor skate change
  • Washrooms located inside the pavilion, open 8am-10pm

City Hall

Located in front of City Hall, 1 Sir Winston Churchill Square.

Change room (located on the southeast corner of City Hall) is open:

  • Monday to Friday, 10am–10pm
  • Saturdays, 10am–5pm
  • Sundays & holidays, 11am–5pm

Jackie Parker

Located in Jackie Parker Park, 50 Street & 44 Avenue.

  • Washrooms open 7am–9pm

Meadows Community Recreation Outdoor Leisure Ice

Located at Meadows Community Recreation Centre, 2704–17 St NW

  • Free admission
  • Ice surface open 8am–10:30pm
  • Indoor washrooms
  • Skate change rooms—adjacent to the ice

Rundle Park

Located in Rundle Park, 113 Avenue & 29 Street.

  • NEW! Rundle Park IceWay Skating Trail open 10am–dusk
    • Note: This ice surface does not have adequate lighting for evening skating
  • Rundle Family Center Warming Pavilion open 9am–10pm

Victoria Park Oval

Located in Victoria Park, 12130 River Valley Road.

Victoria Oval ice surface CLOSURE Schedule:

  Maintenance

Edmonton Speed Skating Booking

NO PUBLIC SKATING

Monday  8–10am 6–7pm
Tuesday 5–6pm 6–9pm
Wednesday 5–6pm 6–7pm
Thursday 5–6pm 6–9pm
Friday NA NA
Saturday 8–10am NA
Sunday NA NA

Victoria Park IceWay Winter Skating Trail

Located in Victoria Park, 12130 River Valley Road.

  • IceWay Skating Trail open 10am-10pm daily
    • NOTE: Limited accessibility during Victoria Oval ice closures. Access from main parking lot or Victoria parking lot east ONLY.
  • Victoria Pavilion Winter Warming Chalet open 9am-10pm
    • Washrooms, skate change rooms, lockers, water bottle fill up station

Hawrelak Park

Located in William Hawrelak Park, 9330 Groat Road.

  • Hawrelak Pond Ice open 11am-10pm
  • Hawrelak Shinny Table Ice open 11am-10pm (located at Picnic Shelter #2)
  • Hawrelak Warming pavilion open 9am-10pm

Other Outdoor Skating

Community Rinks

Community Leagues manage many of their own outdoor skating rinks. These rinks may allow hockey or shinny. Check with your community league for more information.

Skating Prohibited

Stormwater Lakes

City Drainage Bylaw 16200 prohibits skating on stormwater lakes. The City has signage posted at all stormwater facilities advising residents to keep off the ice because conditions are unknown. Due to the nature and the function of stormwater lakes, ice conditions can be unpredictable and dangerous. Moving water, temperature changes underwater due to vegetation or drainage and fluctuating weather conditions can all result in unsafe ice conditions not visible from the surface.

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Copyright 2019 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.