Riverbend Market Update - March 2021

Riverbend Real Estate Market March 2021

Hello Everyone! As we enter our spring market, I wanted to give a quick update as to what we've seen so far in Riverbend for homes sales. I'm sure you've all heard about how busy the real estate market is, and maybe you've considered making your move and striking while the iron is hot! And this might very well just be the right move... depending on what you're selling. The market is very active, and certain demographics and price points are incredibly active right now. While others... not so much.  I'll give a quick version of where we are seeing our highest activity, as well as which markets are struggling. 

The reality is most of the real estate news you hear is Canada wide. The reality is, there are two…

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Edmonton Real Estate Market Forecast 2021 - Part 4

In part 4 of our series on the RAE Housing Forecast Seminar 2021, we drill down on the purpose of the seminar: forecasting the year ahead. A bold thing to do in light of the uncertainty we all faced last year, and the aftershocks that a global pandemic has the potential to send into 2021. 

“As you can imagine, putting a forecast together for 2021 has had unique challenges,” said Realtors Association of Edmonton Chair Tom Shearer. “We have witnessed varying degrees of confidence for what 2021 has in store, and economic perspectives on what may happen next vary considerably.”

Last year many economists were forecasting a drop in year-over-year and unit sales, volumes, and prices of homes. But, Shearer says, in the majority of major markets,…

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January 2021 Real Estate Market Update - Infographic

Edmonton Real Estate Market Snapshot For January 2021

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Edmonton Real Estate Market Forecast 2021 - Part 3

Opportunity In Crisis

With all of the uncertainty in Alberta surrounding the Keystone Pipeline and the oil industry, part three in our series on the RAE Housing Forecast Seminar 2021 is a welcome look forward into 2021 with an eye on trends that are keeping existing businesses in growth-mode, and why Edmonton has an incredible amount of potential to become an economic powerhouse for a wide variety of emerging and established industries many of us have never even considered.

“Over the past year, I’ve seen a lot of uncertainty, hardship and loss, definitely,” admitted Lynette Tremblay, Vice President, Strategy & Innovation, at Edmonton Global (the economic development organization, not the local news outlet). “But I’ve also seen triumph and…

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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 Real Estate Market Forecast 2021 - Part 1

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 20/20 Perspective

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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COVID-19 And How it Changed Edmonton's Real Estate Market In 2020

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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NEW LISTING! 12304 65 Ave, Edmonton - Home For Sale In Grandview Heights

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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Planing to sell your home this year? Here are a few tips to stand out in a Buyer's market!

How to stand out in a buyer’s market

We’ve heard it all winter, on the news, on social media, from our “knowledgeable” uncle, that this year the real estate market in Edmonton is a buyer’s market. Well, if you’re a buyer this year then lovely, but if you’re trying to sell your home then how can you increase your chances of making your home stand out so that buyers are clamoring to put in offers rather than tossing you that dreaded low-ball?

Firstly, and possibly most importantly, having a clean home is of utmost importance. It is probably the most cost-effective way to make your home appealing to buyers. Now we aren’t talking about the kind of cleaning one does to prepare for the in-laws. We’re talking the what’s-this-gunk-behind-my-fridge kind…

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