Edmonton Real Estate Market Forecast 2021 - Part 2

A Sense Of Hope

With the trajectory of the Covid-19 understandably dictating people’s comfort level when it comes to entering a stranger’s home, not to mention the effect it has on their work, this winter has, unsurprisingly, slowed things down a bit with the current rise in virus cases, but this slow-down will not last, Benjamin Tal, CIBC World Markets’ Deputy Chief Economist suggested during his presentation for the Realtor’s Association of Edmonton’s 2021 housing forecast. 

“There is reason to believe that the situation will improve,” Tal said, “In fact, it might improve much faster than people expect, and it will be stronger than people expect.” 

Some of the things that give us an advantage during this phase of lockdowns is that most…

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Edmonton housing forecast blog - part 1 A look back at 2020

A look back at the year that was 2020

Earlier this month the Edmonton Real Estate Association held their annual Real Estate Market Forecast where they bring in economists from various levels to share their thoughts about what is happening in our city, province and even across the country. Today, I will share about the year past. What was expected, and what turned out to be a curve-ball of a year that took just about everyone by surprise. 
Wow! What a year 2020 turned out to be. From the panic of the early days of the pandemic, to the economic upswing of the summer, things this year in real estate could hardly be described as “predictable.” In fact, the word used so often this year was “unprecedented,” as pointed out by the past board chair of…

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A look back at 2020

A little while ago, a friend of mine shared one of those Facebook memories from four years ago. Oh, those pesky Facebook memories. We’ve all seen and shared them this year; snapshots of birthday parties or family dinners or concerts or tropical vacations. Photos of ourselves that seem to be from another world, doing things we miss terribly with people we miss even more. Those have been hard to see.

But this memory was a bit different.

This was a video of two women who had composed a hilarious song about how terrible of a year 2016 had been and how happy they were that it was finally coming to an end. And, I suppose, 2016 was bad wasn’t it? The polarization of people’s world views had escalated to a degree that no one could…

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Trick-or-treating in a pandemic?

How many of us have been back and forth with that over the past week? These poor kids have been through quarantine, missed birthday parties and much-loved family vacations this year, but do we put them through the risk of Halloween? 

For those of us who’ve decided to brave the cold and potential cold symptoms to give their kids a bit of Halloween joy this year, here are a few tips:

1)    Sanitizer. Bring it with you! Douse the kids in it each time you go to a house. As potent as the stuff can be, it can make all the difference when it comes to carting germs between houses and spreading the COVID risk around the neighbourhood.

2)    Lights out- don’t approach! If one of your neighbours doesn’t have so much…

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How COVID-19 Helped Create a Surge in the Edmonton Real Estate Market                     

Starting in June 2020 and accelerating through July and August, the Edmonton Real Estate market saw an increase in sales activity since this time last year. Actually, we haven’t seen sales this high in the month of August in the greater Edmonton since the boom in 2006. So, what gives? We’re in the middle of a global pandemic, Alberta’s economy (and Canada’s economy for that matter) feels totally uncertain and the government policy changes and spending seem astronomical. So, WHAT GIVES?!

There are a few factors that I believe are at play here to help drive this sudden demand in our real estate market, but before I get to those let’s take a brief look back…

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Last chance to own this stunning Rhatigan Ridge home!

In the quiet little cul-de-sac tucked just inside the Riverbend community of Rattigan Ridge is the picturesque 4-bedroom, 2.5-bathroom home of 243 Rhatigan Rd W. 

With only a few weeks left at a chance to snap this home up for the jaw-dropping price of $638,000 before the owners give in to repeated requests from renters hoping for an opportunity to get into this lovely neighbourhood, this two-story home is a must-see. This location cannot be beat. Just a stroll away from the front door are two fabulous schools: St. Mary’s Elementary School and Earl Buxton Elementary School. Just a few minutes in the other direction and a potential buyer would stumble upon Ramsey Park, one of Edmonton’s best…

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Home for sale in Grandview Heights Edmonton - 12304 65 Avenue, Edmonton AB

Welcome to 12304 65 Ave, Edmonton – A prestigious address located in the highly sought-after community of Grandview Heights. This home is perfectly located in the community on a large corner lot. Just a short walk to one of the highest regarded K-9 schools in Edmonton, Grandview Heights School. The traditional style of the home offers character and has exceptional curb appeal. The home is 2 stories with a finished basement and offers 4 bedrooms and 3.5 bathrooms. Although it has been well maintained over the years, you can add your own personal touch with cosmetic updating, which would add substantial immediate value. This home would also be a perfect location to build your…

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SOUTHWEST EDMONTON’S NEWEST FARMER’S MARKET

As a beam of sunlight suddenly poured into our kitchen I thought, “Did the clouds break? Because I need one.” So I left the chicken dinner on the stove and packed up the kids. But where to go in Windermere on a Tuesday evening?

Bookended by the Starbucks and Brown’s Social Hall, the Currents of Windermere Farmer’s Market runs every Tuesday evening from 4:30pm to 7:30pm and is a perfect place to find some family fun.

 

As soon as we got there I heard it: “Daddy! Daddy! Can I go on the slide?” My son was practically jumping out of his skin to go down RLT Technologies Inflatable Rental’s MASSIVE slide. Their deal is one slide for a dollar, or unlimited for five dollars, and can I make a…

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March Sale Activity for the communities of Riverbend in Southwest Edmonton

The month of March shows the real estate market in the Riverbend area starting to ramp up for the busy spring market ahead. Activity is picking up with multiple sales in each of the communities with a total of 26 sales through the communities for single family, and another 7 sales for condominiums. As I am writing this, we are one week in to April and I can say that sales are already picking up even more as our spring market kicks in to gear. With new listings seeing multiple offers, and high buyer traffic, these communities are clearly a focus for prospective buyers. Below, I have included an infographic illustrating the sales for each individual community in Riverbend.

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Looking for a nice place to stop for some of that magic bean drink? Here is a guide to some of our favourite coffee shops in Southwest Edmonton! (in no particular order)

Today’s world of instant information sees many a perspective homebuyer scrolling through homes from their couches, which doesn’t take long to turn tedious. But finding a way to change the scenery with a cup of steamy London Fog or a foamy Cappuccino and a sweet treat while you look for your forever home can really turn an it’s-too-mucky-outside-to-go-anywhere kind of day into an awesome outing!

And this reason to get out extends to more than just the house-hunt. In Canada, we’re pretty well known for our militant loyalty to Tim Hortons, and the convenience factor plays a big…

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