Found 328 blog entries tagged as edmonton.

EDMONTON AREA (GEA) REAL ESTATE MARKET FOR MARCH 2023

The Edmonton Area (GEA) real estate market for March 2023 has seen a decrease of 30.8% compared to April 2022, but it was up by 11.1% from March 2023. The real estate market has seen some fluctuation in the past year, with single-family homes down 32.9% from April 2022 but saw an increase of 14.2% from March 2023 at 1229. Duplex sales were down by 37% year over year, but they increased by 19.3% from March 2023. Condominium unit sales were down 23.2% from April 2022, but they increased by 1.3% from the previous month.

We will provide a comprehensive overview of the Edmonton Area (GEA) real estate market for March 2023, including sales trends, average prices, and days on the market.

Average…

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Owning a home is one of the most significant investments you can make in your life. It not only provides a place to live but can also boost your net worth through equity. Equity refers to the difference between the market value of your home and the outstanding mortgage balance. In other words, it's the amount of the property you own outright.

Homeownership can provide financial benefits that can't be found in renting. It's an investment that can increase in value over time, allowing you to build equity and increase your net worth. In this article, we'll discuss the ways in which homeownership can boost your net worth through equity.

Building Equity

One of the primary ways homeownership can boost your net worth is through building equity.…

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The top home upgrades that can give you the best return on your investment.

  1. Upgrade Your Insulation

Upgrading your insulation may not seem like the most exciting home upgrade, but it can have a big impact on your energy bills. According to the U.S. Department of Energy, the typical American family spends around $2,200 a year on energy bills, with heating and cooling accounting for almost half of that cost.

By upgrading your insulation, you can keep your home warmer in the winter and cooler in the summer, reducing your energy bills and improving your home's energy efficiency. This upgrade can also make your home more comfortable, as you'll be able to maintain a consistent temperature throughout the year.

  1. Remodel Your Kitchen

The…

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Seller Tips on Storage Things When Selling Your Home

Selling your home can be a challenging and overwhelming task. There are numerous factors to consider when preparing your home for sale, and one crucial aspect is storage. Buyers are always on the lookout for ample storage space in a home. Therefore, it's essential to declutter and organize your home effectively to create an impression of adequate storage space.

Here are some seller tips on storage things when selling your home that will help you make a lasting impression on potential buyers.

  1. Declutter and Organize Your Home

The first step in preparing your home for sale is to declutter and organize it. You want to create an impression of adequate storage space, and this starts by…

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Monthly Home Organization: Tips and Tricks to Keep Your Home Clutter-Free

At some point, everyone finds themselves buried under piles of clutter. Whether it's stacks of papers, overflowing closets, or a garage full of old junk, it's easy for things to get out of hand. But with a little organization, you can regain control of your home and enjoy a clutter-free space. In this article, we'll provide you with some tips and tricks for a monthly home organization to keep your living space tidy and organized.

Start Small and Focus on One Area at a Time

The first step to getting organized is to start small. Trying to tackle your entire home all at once can be overwhelming and discouraging. Instead, focus on one area at a time. Begin with a single room,…

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Buying a home is one of the most significant investments we can make when securing our future. While the idea of owning a home sounds great, there is a lot that goes into the process.

The Edmonton real estate market is a renowned area with affordable options. As a first-time buyer, commitment is not enough to secure the home of your dreams. Lucky for you, we have all the information you need as a first time home buyer in the Edmonton real estate market.

Credit Score

Your credit score determines how soon you can make your dreams come true. A good credit score is integral in the Edmonton home buying process. Also, lenders prefer to work with individuals with a perfect credit score.

In Edmonton, your credit score needs to range between 650-680 to…

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We can all appreciate the beauty of diversity in the real estate industry. With the right information and resources, anyone can invest and enjoy the benefits linked to this market. Millennials are the country's most influential generation in the real estate market. In a study conducted in Canada, 51% of millennials were renting, and 83% planning to buy a home soon.

With higher incomes and a desire to settle down, millennials are changing housing provisions to accommodate their needs. Edmonton is an affordable yet lucrative location for both investors and buyers. Thus, real estate standards are rising with such a demanding group in the market.  Information below shows how the millennials are changing the Edmonton real estate model.

New Trends are…

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Edmonton has stood out as an area attractive to investors and buyers. Evidently, Covid-19 has caused a snag in the real estate market in Edmonton. With the present recession, homes have retained their value. Due to government involvement in the industry, the real estate industry has been protected against stagnation.  For many individuals interested in buying a home in 2020, the uncertainty is unsettling.

The cause for concern has been primarily on how the pandemic will affect the Edmonton real estate market. Will the mortgage rates decline? Are there people selling and buying homes?  Here is an overview of the Edmonton real estate industry in 2020.

The Real Estate Market is Still Strong

This market has managed to remain stable and grow despite…

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As people do more and more at home they are insisting that their homes change to adapt to the increased amount of activities being done in the home. Today’s homebuyers expect their homes to accommodate more entertaining, more work, and more living and they need spaces within the home that can make those things easier. It’s not enough for a home to just have a few central spaces and a few bedrooms. Sellers that are looking to get the best prices for their homes should consider renovating to add some of these spaces to their homes because these are the spaces that today’s homebuyers want:

Mud Rooms

Mud rooms are essential for families who need a place where they can drop their bags, boots, coats, and other items when they come in the door. And small…

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Sellers that want to get an offer on their house fast should always be willing to spend a little bit of money sprucing the house up to make it more attractive to buyers. In a newer house there’s usually not that many things that need to be done to make the house look great. But an older home that doesn’t reflect the modern floor plan and finishing’s that buyers today expect could really benefit from a bit up an upgrade when the owners want to sell it. The upgrades that are going to sell homes fast in 2020 are:

New Countertops

Design experts are already predicting that the most popular upgrade that buyers will want in 2020 is new countertops. Quartz countertops are poised to be a huge trend this year after growing in popularity over the last few…

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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 June 7th, 2023 at 1:18pm CDT.