Edmonton Real Estate Blog

The U.S. sub-prime mortgage fiasco is just a blip compared to the economic disaster that is coming for Americans. The U.S. government is going trillions and trillions of dollars into debt. There is the war. There is the recently announced rebates for all 300 million Americans. There are hundreds ...

Scotiabank released an economic report this week. It mentions that the western provinces are driving the national real estate trends. This is not surprising. As we all know, easterner's have been flocking here for years, and there is no end in sight. Work BC is holding four job fairs in southern ...

Four years ago an American could purchase a newer 1700 sq.ft. 2 storey house in Edmonton for $130,000 USD, $200,000 CDN. Today, the same home is $475,000 with either currency. This obviously has an impact on real estate demand. For this to happen over such a short period of time has made it unatt...

 They say opinions are like belly buttons...everybody has one. When it comes to real estate forecasts you could probably get a dozen for a nickel. The kind that really bother me the most come from non-industry armchair quarterbacks. I've seen investors abandon the very market that has enabled the...

Put simply, yes and no. We have mortgage insurance in Canada, and this is law. American regulators put very few limitations on who can borrow mortgages. It is significantly more difficult to obtain a mortgage in Canada however, if our real estate value drops for any reason, (including economic me...

 We wrapped up our annual Realty Executives Polar Bear Dip this weekend. We raised $19,000 for the Food Bank. Thank you to every realtor who took the plunge in 6C water at the Royal Glenora Club. Thank you to every donor, Edmonton is a warmer place because of you all. Being a member on the Intern...

Well actually they never really left. We are selling just as many properties on a month to month basis as anytime over the past couple of years. The problem is, we have four times the inventory as we had last spring, meaning 75% of the listed properties since spring '07 did not sell. Likewise, it...

We are all aware of the term "buy low and sell high". We are in a buyers market and the prices are as low as will ever be again. Some sellers are accepting $30,000 or more under their asking price. If the market value of the property is in line, that is immediate equity that you can pick up. Arra...

 It was announced this week, three international oil industry giants will move full speed ahead in northern Alberta oil sands development despite rising costs and increased royalties. Wasn't it reported a few months ago the royalties were going to destroy the oil sands? Total E&P Canada (H.O. Fra...