July 2016

Found 13 blog entries for July 2016.

Variable-rate Vs. Fixed-rate Mortgages - Which is Better for Your Financial Situation?

When applying for a new home mortgage, many loan applicants initially consider applying for a 30-year fixed rate mortgage. This is perhaps the most common and traditional type of mortgage available. It allows you to enjoy the opportunity to pay for your home over the course of 30 years with equal payments every month. While this is one option, there are actually multiple choices available. For some applications, a variable rate mortgage may be more advantageous. If you are comparing the options between a fixed rate and a variable rate mortgage, you may consider a few points.

A Lower Initial Interest Rate

When you compare the fixed rate and variable rate

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Spring and Summer Festivals bring liveliness to Edmonton

Spring and summer in Edmonton is a lively time for families. As Edmontonians break out the sunscreen, festivals of all kinds are in the works. There are dozens of opportunities to learn and play in a community setting, with chances to enjoy being outdoors to the full. Edification mingles with fun. There are flavours of the world and ideal shopping opportunities that should not be missed. Many of these events are free! There are multicultural events and those that focus on bringing a single culture to light, rounding out party-goers’ awareness of diversity and fascinating cultural traditions. The scope of engagement with the arts is impressive.


From July 8 to 17, the Edmonton International

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Edmonton's Skinny Homes: Love them or Hate Them' ?

Over the last couple of years, skinny homes have become increasingly popular with Edmontonians. Edmonton is following the example of Calgary, Toronto, and Vancouver.


Skinnies have been popping up in mature neighbourhoods. Some of the first, In King Edward park, attracted media attention as the homes began to spread and multiply. Now they're a common sight in neighbourhoods like Glenora, Westmount, and Ritchie. Since then, contented owners have expressed satisfaction with these locations, enjoying the amenities and the neighbourhoods themselves. Mayor Don Iveson told the Edmonton Journal, “This puts living centrally within the reach of more families looking for new homes, which is very exciting

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These 5 buying tips will save you time, money, and headaches.

First Time Home Buyer

As a First Time Home Buyer you need to be educated.

 

1. Get Pre-Qualified – before you can seriously consider purchasing a home, it’s important to know exactly how much you can afford. This can be the scariest part of the buying process for some. It’s perfectly natural to be nervous, but I can put you in touch with someone you can trust to help get you pre-qualified.


2. Always Think Resale – In Alberta, due to the mobility of our economy, the length of ownership is about 5 to 7 years. This is important to keep in mind when looking for your next home. For instance, homes backing onto a busy street sell for less, and may take longer to sell then other

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Secrets to Selling your Home.


The housing market is tough, and the competition is fierce. Being aware of how much a home is worth before putting it on the market can save money, time, and frustration. For this reason, it’s wise to hire a professional real estate agent.

Real Estate Agents Know the Market

Understandably, it would save money to skip the real estate agent all together and do a For Sale by Owner transaction. One thing homeowners may not realize is the amount of work involved with selling a home. Without knowing property value, owners may charge too much for their homes. Over priced homes often sit on the market without so much as a nibble.

Real estate agents know how all about property trends, how to research the market, and

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We recently sold this 1956 , 1033 square foot bungalow in Fulton Place in only 18 days. This was the 19th sale in the central Edmonton neighbourhood this year (2016). The Average list price in Fulton Place this year is $422,095 - The average Sold price is $411,800 so far this year. 

Currently there is only 1 property under 400k active on the market. July 23, 2016. The Median Days on the market for homes under 400k is 16 days with an average of 25 days on market. In our opinion this is an indicator of neighbourhood that is holding it's value in this "buyers market" 

Southeast, Edmonton 

Fulton Place will continue to be a sought after neighbourhood because of it's proximity to the Edmonton River Valley and quick commute time to the downtown

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Edmonton has become increasingly renowned for its restaurants. Masterminds behind the Sugarbowl restaurant, which has evolved into a brewery and pub, are leading lights when it comes to Edmonton's culinary scene.

university_area_realestate

Famous for Beer Selection 

The Sugarbowl has gained popularity due to enthusiastic internet reviews and word of mouth. The well-loved restaurant has been featured in the media for its famous brunches and, as Edmontonians hungrily await their fix, lineups outside have become a familiar sight. Outdoor tables are crammed in the summertime. Edmontonians have been flocking to the restaurant in large numbers to enjoy the lively space and delectable meals, choosing from a wide array of spectacular beers. The Sugarbowl serves breakfast, lunch,

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The University of Alberta is surrounded by several beautiful neighbourhoods: Garneau, Belgravia, Parkallen, and Windsor Park.  These are some of the most admired neighbourhoods in the city.  Residents enjoy a tranquil atmosphere and plentiful greenery, but they are not far from the hustle and bustle across the river.  They live well and play hard.  The North Saskatchewan river valley has a lot to offer residents. And because of the prime location, Real Estate in the area has the best Return on Investment / resale in the city.  ( Shhhhh don't tell anyone ) 

Central Edmonton Neighbourhoods 

Belgravia

The neighbourhood of Belgravia, known for its bungalow style homes, is located immediately southwest of the university.  Certain spots offer great

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Buying and Selling a Home at the Same Time? How to Juggle These Two Transactions

There are few things that can be more stressful than buying or selling a home. When you are buying and selling a home at the same time, your stress level may understandably skyrocket through the roof. There may be financial aspects of both transactions that may be cause you stress, and you may be dealing with logistical issues or simply feel stressed by the stacks of documents piling up for both transactions. While this will inevitably be a challenging time in your life, you can more easily navigate through the transactions with success by following a few tips.

Consider the Timing of Both Transactions

One of the best things you can do when buying and selling a

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Edmonton Luxury Real Estate Market 

 

 

Luxury houses in Edmonton are over and over again defined by the sales price. These family homes in the city usually come with numerous acres of land. Existing in a home with seven bedrooms and greater than 3,500 square feet of space which are the type of home found in the city run around $ 3.5 million. To add to that, luxury condominiums are a new part of the marketplace and many appear with two or more bedrooms. Sumptuousness condominiums can vary as high as $ 4 million depending on the size as well as position. Some of these houses are gated, considered with columns or are a renovated momentous home. Moreover, these are many dissimilar designs, styles as well as sizes of houses found within the

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