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edmonton top real estate agents: Realtors give back - 01/22/08 02:37 PM

We wrapped up our annual Realty Executives Polar Bear Dip this weekend. We raised $19,000 for the Food Bank. Thank you to every realtor who took the plunge in 6C water at the Royal Glenora Club. Thank you to every donor, Edmonton is a warmer place because of you all. Being a member on the Internal Advertising Committee for Realty Executives, I've seen first hand what a difference can be made when we donate our time, money and effort to people in need. Realtors have made a lot of money during these boom years in Alberta. They have also given a … (0 comments)

edmonton top real estate agents: Where have all the buyers gone? - 01/21/08 08:59 PM
Well actually they never really left. We are selling just as many properties on a month to month basis as anytime over the past couple of years. The problem is, we have four times the inventory as we had last spring, meaning 75% of the listed properties since spring '07 did not sell. Likewise, it is my guess that 75% of sellers did not need to sell. This has a heavy impact on sellers that do need to sell. (Please do not go and burn your neighbours "For Sale" sign because you know he's only "fishing" for an outrageous price). In … (1 comments)

edmonton top real estate agents: Investors should strike while iron is hot - 01/21/08 06:50 PM
We are all aware of the term "buy low and sell high". We are in a buyers market and the prices are as low as will ever be again. Some sellers are accepting $30,000 or more under their asking price. If the market value of the property is in line, that is immediate equity that you can pick up. Arrange for a long possession date or rent it out for a few months, and you should realize a nice profit within a year. Not a lot of effort or risk exists. There will however, be a short window of opportunity so … (0 comments)

edmonton top real estate agents: Jobs galore will help spike market - 01/21/08 12:35 PM
 
It was announced this week, three international oil industry giants will move full speed ahead in northern Alberta oil sands development despite rising costs and increased royalties. Wasn't it reported a few months ago the royalties were going to destroy the oil sands? Total E&P Canada (H.O. France) will spend $10-$15 billion over the next few years on an Edmonton area upgrader and new mines, requiring 1,500 new employees. StatoilHydro Canada Ltd. (H.O. Norway) plans to do 200,000 barrels of bitumen a day in a Fort Saskatchewan upgrader. Marathon Oil (H.O. U.S.) is planning on quadrupling production of refining and is … (2 comments)

 

Norm & Lisa Racine

Spruce Grove, AB

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