Most people can make being a landlord a very part-time gig. For the most part all you have to do is collect rent and deal with any home issues that may arise, such as a burst pipe or a clogged sink. All-in-all, however, these issues are few and far between. If all you have to worry about is getting rent payments then you can make being a landlord a viable side business – but making this work is wholly dependent on your tenants. Be sure to choose the right ones.
1. Get their info
Don’t take their word for it. Trustworthy renters will be up front about themselves, their family situation and their income. It is smart to collect their Social Insurance information so that you can check their reliability yourself. You should also be clear about your stance on…

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Whether you are buying your first home or seventh home, house hunting can be the most eye-opening and exhilarating part of the homeownership adventure. With that in mind, no matter how experienced of a buyer you are or are not, there are a few things you should always remember when on the hunt for real estate.
1. Never overlook the home inspection
Getting a potential new home inspected is very important. When you find a place you love, it’s easy to get carried away, even if you can tell it’s not in perfect condition. A home inspector will give you a realistic view of the home, and how much it may cost you in the long run if you decide to purchase it. Although house hunting can be a thrill, be sure to keep your wits about you.
2. Consider the neighbourhood
…

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Buying a home is always exciting – but also nerve wracking and maybe even a little stressful (okay, a lot stressful!). The good news is that it is one of the smartest things you can do with your money. Not only is it a great long-term investment, but it’s usually far more affordable than renting.
Now you may be thinking, how can buying a home be more affordable than renting? The truth is, once you get the initial process of buying a home out of the way, that is, handing over your down payment, paying your lawyer etc., the actual amount of money coming out of your pocket each month will be less than rent. Take this with a grain of salt, however. How true this is will depend on whether you are a first time home buyer or not, and the size, quality and…

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Making money in Real Estate


Real estate investing can be quite the gamble, but it can also result in a major payout. If you are one of millions of people who have considered getting into real estate for profit, then you should start doing your research. Buying and selling homes, buildings or land can be very lucrative, but it can come at a great cost. Many people consider real estate investing in the modern sense of buying family homes and flipping them, or purchasing homes to retain as rental properties, but there is more to investing than just that.

You need capital

You have to have a decent amount of money in your bank account if you want to get into real estate investing seriously. Not only do you need to be able to purchase a second home…

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Getting into new real estate developments provides a great financial opportunity, particularly for first time buyers. Since first-timers only need to put 5% down on a home purchase, they are prime candidates for taking advantage of new real estate developments.

If you look at major cities, just like Edmonton, there is plenty of new home construction going on. The trick is getting into the most lucrative development that you can afford. How do you know which development is best? There are a couple factors you can look at to determine which development will provide you with the greatest profit on resale.

1. Location: Is the real estate development near many amenities or easily accessed by public transit? Are there schools and major arterial roadways…

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Finding an affordable home, or an affordable investment property can be a challenge in a major city, especially Edmonton. With a healthy real estate market, affordable real estate may seem like a pipedream – but it doesn’t have to be. Here are a few things you can try to help you locate an affordable property.


Be flexible with your location
Although you may be dreaming about living in a certain neighbourhood, or owning an investment property in a certain area of the city, do yourself a favor and consider everything available. If you are searching for affordable real estate, then the chances are you aren’t in a position to be overly picky. You need to be willing to consider the entire city, from the wonderful neighbourhoods right down to the less…

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2023 by the REALTORS® Association of Edmonton. All rights reserved.

Listing information last updated on September 30th, 2023 at 9:01am CDT.