edmonton real estate: Alberta Investment Company Helps Home Sellers - 07/29/08 12:39 AM
A buyer's market and a flood of listings in the Edmonton, Alberta area leaves stuck homeowners unable to sell. Alberta investment company helps property owner get out of investments they don't want to be in with innovative buying techniques. Read Article Here
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edmonton real estate: Oil Fuels Calgary's Office Space - 07/24/08 01:21 AM
"The energy sector, and the related services to it, are the prime drivers of office space demand in the downtown core without question,"
"We're also seeing growth in the financial services sector as well. And we're seeing a lot of interest as the capital budgets continue to increase for not only … (0 comments)
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edmonton real estate: Good Points If You Are A Seller - 06/27/08 12:23 AM
First of all if you are trying to sell in Edmonton better make the deal pretty sweet because about 11,000 other properties are on the market looking for a new owner. To be frank I wouldn't sell now unless I had a pretty good reason.If you are an investor then why … (4 comments)
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edmonton real estate: This And That May 2008 - 06/02/08 12:24 AM
Tax hikes on the way for 2009, Edmonton council warns - As property tax bills land in mailboxes throughout Edmonton, city council is already warning that next year's bills will be at least nine per cent higher.
A city report released Wednesday estimates municipal taxes will need to be raised by … (3 comments)
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edmonton real estate: Alberta 2020 - Alberta Oil Sands - 05/31/08 12:47 AM
Alberta oil sands have proven oil reserves that will and can supply oil for many major markets around the world. This video is very interesting and very well done. … (6 comments)
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edmonton real estate: Real Estate Insider Conference - 05/30/08 02:28 AM
As you may well know we are card carrying members of REIN and really believe that the program and the ACRE system have been crucial to our investing success. Don R. Campbell, the president of REIN, is hosting a series of 90 minute conference calls that anyone can listen to.He has … (0 comments)
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edmonton real estate: I'll Take The Bait - 05/28/08 02:17 AM
After checking my Google alerts it looks like the only thing in the news today is that people are leaving Alberta to buy houses in Eastern Canada.
"A serious influx of Western Canadian purchasers has bolstered housing sales in every Atlantic province. Tremendous job opportunities available in Alberta that … (1 comments)
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edmonton real estate: Watch The Property Values Rise - 05/10/08 01:41 AM
We've generally stayed away from Alberta Ave because the headaches of managing and tenanting the property far outweighed the low price tags. However, with an $8.5 million , 5 block-per-year revitalization in the works it's starting to look more and more attractive."Alberta Avenue, the 27-block stretch of 118th Avenue north of … (2 comments)
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edmonton real estate: This And That - 05/08/08 12:50 AM
What Edmontonians think about the real estate market - "Eventually my house will be worth more than I paid for it. Until then I am enjoying being my own landlord. I am here for the long haul." TerryProvince promotes environmental hotline -"We have the rapid-response team, we have the emergency personnel, … (0 comments)
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edmonton real estate: Edmonton Is Still A Deal - 04/29/08 02:05 AM
You wouldn't think so with all the negative news and complaining that goes on but compared to other major Canadian centers Edmonton is a bargain for housing and cost of living."With health-care premiums being eliminated next year in the latest Alberta budget, Albertans, new and established, have one more reason to … (0 comments)
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edmonton real estate: Kitchen Craze - 04/28/08 12:22 PM
Kitchens are an integral part of the entire package for homebuyers. Not only are they looking for updated kitchens but space, functionality and great appliances. With all the competition in the Edmonton area it's more important than ever that your home looks it's best in print, online and during showings.
Updating … (5 comments)
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edmonton real estate: This Is A Good Strategy For Any Investment - 04/21/08 12:48 AM
This article is geared to stocks and day trading but I think it applies to real estate as well. "The pros talk about nervous, quick-on-the-trigger traders as the "weak hands" in the market. But the nervousness is really just human nature. It isn't easy to hold on to an investment that's … (5 comments)
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edmonton real estate: Who Says Landlords Never Give Back? - 03/26/08 06:17 PM
An Edmonton landlord struggles to keep the school near his complex open and is willing to pay to make that happen."Reg Appleyard, Meadowcroft Housing Society of Edmonton's executive director, told public school trustees that he will guarantee 110 students are enrolled in Woodcroft Elementary School by Sept. 15, and the society … (1 comments)
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edmonton real estate: "Is the Alberta Boom set to Bust?" - 03/21/08 07:43 PM
Good question if you think in a Boom and Bust mentality..
This is a reply to "Is Edmonton Real Estate Too Hot?"
In reality what you have happening in the province of Alberta, specifically Edmonton, Calgary and Red Deer cities is a healthy slow down in the market. It's not a Boom and … (0 comments)
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edmonton real estate: What Do We Do Exactly? - 03/19/08 07:50 PM
Recently a lot of people are asking what exactly is a joint venture investment and "What DO you guys do?"To put it simply:We leverage our time, knowledge, expertise, contacts and education for investment capital and we own the asset/property we buy 50/50.
OUR ROLE1. Choosing quality revenue properties using a proven … (2 comments)
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edmonton real estate: Strong dollar had affect on Real Estate Market - 01/28/08 12:33 PM
Four years ago an American could purchase a newer 1700 sq.ft. 2 storey house in Edmonton for $130,000 USD, $200,000 CDN. Today, the same home is $475,000 with either currency. This obviously has an impact on real estate demand. For this to happen over such a short period of time has … (0 comments)
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edmonton real estate: Are opinions really a dime a dozen? - 01/24/08 07:04 PM
They say opinions are like belly buttons...everybody has one. When it comes to real estate forecasts you could probably get a dozen for a nickel. The kind that really bother me the most come from non-industry armchair quarterbacks. I've seen investors abandon the very market that has enabled them to retire … (0 comments)
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edmonton real estate: Could U.S. subprime meltdown happen in Canada? - 01/23/08 04:03 PM
Put simply, yes and no. We have mortgage insurance in Canada, and this is law. American regulators put very few limitations on who can borrow mortgages. It is significantly more difficult to obtain a mortgage in Canada however, if our real estate value drops for any reason, (including economic meltdowns elsewhere) … (0 comments)
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edmonton real estate: 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 … (0 comments)
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edmonton real estate: 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 … (1 comments)
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edmonton real estate: 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 … (0 comments)
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edmonton real estate: 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 … (2 comments)
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edmonton real estate: My Contribution To Real Estate Investing... - 01/12/08 05:20 AM
I am a contributing writer for Nu Wire investor. I have a new article out on The Fundamentals of Real Estate investing.
This site has such good information for a variety of interests (I am not just saying that because i write for them) take a look at Nu Wire Investor … (4 comments)
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edmonton real estate: A Rough Christmas for Terry Ellis - 12/01/07 10:46 PM
It's going to be a tough Christmas for Terry Ellis the 61 year old paralegal that was convicted of supporting a criminal organization by helping to swindle unsuspecting real estate investors out of nearly $30 million.
Her participation in what is believed to be the biggest mortgage fraud in Alberta history; involving … (1 comments)
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edmonton real estate: Edmonton Office Space - 11/22/07 05:50 PM
Some of Edmonton's most prestigious office space has increased in value close to 43% over the last year and are projected to shoot up another 8 to 10% next year. Bringing this city's global rank 93 places at $46 per square foot. Even with the incredible jump we are still on … (0 comments)
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edmonton real estate: Edmonton Market Report - 11/15/07 08:36 PM
Edmonton's market is still is a plateau which means if you are a buyer you can get some incredible deals. Financing , down payment and terms are all open for negotiation. Especially if you are adept at trawling older listings many people want to sell now. "Price increases in both Calgary … (0 comments)
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edmonton real estate: It's Not Hard To Believe - US Realtors Down In The Dumps - 11/10/07 02:21 AM
PricewaterhouseCooper's Emerging Trends in Real estate indicates that people in the real estate industry in Canada are more positive about their prospects for 2008 than their counterparts in the United States.
"The annual Emerging Trends in Real Estate report, from PricewaterhouseCoopers and the Urban Land Institute, shows 36 per cent of … (2 comments)
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edmonton real estate: CREA 3rd Quarter Just Behind Record Second - 11/06/07 10:41 PM
All though the sales are down in the third quarter of 2007 CREA says not to expect a crash because we are still in line for a record year.
"The Canadian Real Estate Association, which represents boards across the country, says sales in the third quarter were down 3.2% from the second … (0 comments)
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edmonton real estate: Skeletons In My Closet - 10/30/07 09:14 PM
What ‘skeletons’ do you have hidden away that may come out to haunt you? Sounds scary doesn’t it? And it could very well be….I was recently negotiating on a fairly large character conversion/reno project for an associate of mine. He had considerable experience with rezoning and land utilization but not so … (2 comments)
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edmonton real estate: Haunted Alberta - Spooky Real Estate - 10/30/07 07:31 PM
Alberta Haunted Real Estate Who could resist? I should write about ROI's or the two great new properties we have picked up recently but all work and no play makes people axe murders! With help from two great sites, The Shadowlands and Zuko - Weird And Spooky Places, I was able … (2 comments)
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edmonton real estate: Edmonton Housing Market - Balance Shifts - 10/16/07 06:38 PM
As we all have seen, the Edmonton housing market went from a frenzy of multiple offers to a large amount of product sitting on the market. This shift in the market left sellers having to reduce their listing price or offer buyer bait in the form of assumables.CREA's third quarter … (6 comments)
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edmonton real estate: The Blind Men and the Elephant - 10/12/07 02:56 AM
A community of blind men once heard that an extraordinary beast called an elephant had been brought into the country. Since they did not know what it looked like and had never heard its name, they resolved to obtain a picture, and the knowledge they desired, by feeling the beast - … (6 comments)
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edmonton real estate: From Comment To Post - 10/11/07 05:19 PM
I got this comment on my blog a few days ago.
"....That aside, I don't know how you can suggest that Edmonton is going to have massive price increases. Considering there is already loads of inventory, concerns about low gas prices, lack of affordability, wages have not kept up with house … (8 comments)
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edmonton real estate: Growing Ring Road Will Grow Profits - 10/08/07 08:47 PM
Tired but true is the "Location" aspect of real estate. The hottest areas can usually be found near growing road ways that make commuting to work and pleasure areas convenient and fast. Bidding on Anthony Henday Ring Road north section has started; the 21km leg from Yellowhead Trail on the west … (0 comments)
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edmonton real estate: Gloom And Boom! - 09/30/07 10:35 PM
I’ve thought of the ultimate Halloween costume this year. Imagine dressing up as a ‘sub-prime mortgage meltdown’ and banging on doors trick or treating throughout the U.S. I’m sure that this would be one of the scariest costumes folks have seen in awhile.
Like many fears, once exposed, explained and understood … (5 comments)
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edmonton real estate: Two Articles - 09/29/07 08:24 AM
Two great articles:
Why Edmonton is cooling not crashing
"On the economic front, not much has changed. Edmonton is still a magnet for job seekers. Unemployment remains low, job creation is still high and local rental vacancy rates are puny." Read More
Lured to Saskatchewan only to be disappointed
"Mercier, along with her husband, Sohel … (0 comments)
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edmonton real estate: Real Estate Tools For New Investors - Canadian Specific - 09/27/07 10:34 PM
The Edmonton - Calgary Corridor in Alberta, Canada presents investors with the most dynamic and growth oriented regions in North America. Find the best towns to invest in - increasing profits. Learn economic fundamentals behind Top 10 cities. Meet like minded investors. Canada specific content. Learn how to invest on fundamentals … (0 comments)
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edmonton real estate: This And That - 09/27/07 09:49 PM
Real estate boom swells ranks of the house-poor - "I think what we're finding is people are over-mortgaged with very little room for an increase in the interest," Rob Warren, a University of Manitoba business professorBUT"It's good debt. It's secured, you've got an asset and it's growing," said Ruth Berry, a … (0 comments)
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edmonton real estate: Re-gentrification- The Dream Maker - 09/03/07 05:09 PM
Although the price of Edmonton Real Estate has increased by almost 77% over the last 18 months, young families are still able to afford housing IF they buy in older areas.Alberta Ave know for being, tough, crime ridden and cheap is where young families are forced to buy when they … (2 comments)
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edmonton real estate: Seven Months and $18 Billion - 09/03/07 08:19 AM
Calgary's high end sales lead to a blockbuster year with the capital city selling 326 properties at a value of over $18Billion by July in 2007."Residential real estate sales in Alberta so far this year have ballooned to nearly $18 billion in total dollar volume, a jump of almost 36 … (0 comments)
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edmonton real estate: A Sale You Don't Want To Miss - 08/29/07 07:45 AM
House prices are softening in Edmonton and people are once again worried that we will see a spectacular bust in the Edmonton market."There's no sense reducing any product by 5% because it just doesn't work. We're seeing reductions of 10% and more,"Re/Max agent Abe Hering Read ArticleIn a normal market you … (2 comments)
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edmonton real estate: Hills And Valleys In Real Estate - 08/23/07 08:16 PM
Gary Lamphier from The Edmonton Journal wrote an excellent article on the Edmonton Real Estate markets shift from overheating to normalizing, with a buyers market predicted for the next six months."The stats don't lie: Edmonton's once-torrid housing market is showing clear signs of cooling off, setting the stage for what … (0 comments)
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edmonton real estate: Canada's Housing Market - 08/23/07 07:56 PM
"What remains the greatest source of weakness in today's U.S. economy is a continued source of strength in Canada," "While the U.S. housing market is mired in deep recession, Canada's own housing market has demonstrated extraordinary resilience." Warren Lovely of CIBC World Markets Our great economy is due to low unemployment, … (0 comments)
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edmonton real estate: Weeee'rrrreeee Back! - 08/23/07 07:52 AM
Have you been in the desert searching for an oasis of Edmonton, Alberta news and info? Well lucky for you I am back from a glorious week in Nikko, Tochigi, Japan. I have a huge backlog of Edmonton economic and real estate news, it will take me a while to slog … (0 comments)
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edmonton real estate: Alberta In The News - August - 08/12/07 04:06 AM
The Edmonton - Calgary Corridor in Alberta, Canada presents investors with the most dynamic and growth oriented regions in North America. Everyday local and national press focus on the “Alberta Advantage”. There are a wealth of viewpoints regarding economic and real estate news put forward by industry pundits, journalists and experts … (0 comments)
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edmonton real estate: Why You Should Keep An Eye On Your Tenants - 08/12/07 03:47 AM
Photo Courtesy Edmonton SunI woke up the other day and, of course first thing, checked my email. My mom sent me this link with the ominous message of "Do you see why I am terrified of renting?" I keep suggesting that she rent out her house instead of selling it, … (11 comments)
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edmonton real estate: Edmonton- A Buyer's Market For Now - 08/12/07 03:44 AM
A plateau in house prices and the increase in inventory of unsold homes is shifting Edmonton's hot real estate market from the selling frenzy of 3 months ago to a buyer's market."The advantage has definitely moved from the seller to the buyer," Richard Goatcher, senior analyst at Canada Mortgage and … (2 comments)
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edmonton real estate: A $38 Billion Dollar Week - 08/06/07 06:27 PM
No, that isn't a mistake. Alberta oil sands saw another $38 Billion invested into the region over the last week.The only thing stopping the region going into full production mode is high construction costs and a shortage of labour. Oil sands' labour demands are set to double from 15,000 today … (2 comments)
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edmonton real estate: Parking Rates Indicator Of Strong Economy - 07/26/07 07:31 PM
Hot demand and dwindling supply have parking rates increasing in Canada. Experts say that higher rates are an indicator of a healthy economy. If more people are out shopping and working the need for parking increases. "This suggests that the slowdown in consumer spending coupled with modest job gains had … (2 comments)
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edmonton real estate: Tidbits - 07/13/07 06:03 PM
Five minutes of surfing around produced these great articles on the Alberta Real Estate situation. BOOMRoyal LePage Real Estate Services is forecasting all regions in Canada are going to experience a rise in average house prices, especially Edmonton, Calgary, Winnipeg and Regina where double-digit gains are foreseen. Read MoreBOOMSt. Albert … (0 comments)
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edmonton real estate: Ebb and Flow - 07/06/07 08:01 PM
"After 17 months of spectacular gains, Edmonton house prices fell an average of almost $9,000 in June."Prices have really gone up and this is a welcome break. If they didn't take a break and slow down that would be scary. Hardly a falling knife with $130 Billion invested in Alberta.The good … (2 comments)
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edmonton real estate: Vignettes - 07/05/07 11:51 PM
"Record numbers of homes were sold in both Regina and Saskatoon in the second quarter as intense demand was driven by a swell of in-migration of Saskatchewanians returning from expensive Alberta living."The Saskatchewan market is based on people going back after making their money in Alberta. And THAT is all. Once … (0 comments)
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edmonton real estate: How Do You Spell Relief? - M-a-n-a-g-e-a-b-l-e Gr-o-w-t-h - 06/22/07 07:39 PM
Some relief is in sight for buyers into the Edmonton market. We are still having stellar appreciation with price growth slowing only slightly to 21.6% from 28.9%. Genworth financial estimates that the average new home price in Edmonton will reach $388,694 in 2007. They also predict a 5% increase in 2008 … (0 comments)
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edmonton real estate: Chicken Littles - Are They Right?? - 06/21/07 10:13 PM
Somewhere, someone is saying, "I told you so" because Edmonton Real Estate prices dropped over the last three weeks. Keep in mind the market has doubled over the past two years. Edmonton real estate skeptics aren't in for the last laugh yet, because the market isn't falling just softening, a little.The … (0 comments)
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edmonton real estate: Long Term Looks Like Edmonton - 06/21/07 09:48 PM
The new LRT and proposed Bitumen upgraders in the northeast are two more solid reasons why Edmonton is the No. 1 city in Canada for long-term real estate investment. Any improvment in transportation for renters will improve property values as commutes shorten. The Bitumen upgraders set to employ 4,000 labourers during … (0 comments)
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edmonton real estate: Three Tips For New Landlords - 06/17/07 08:43 PM
New to land lording? It isn't a walk in the park but it also isn't all 4am broken toilets. In fact it has never been 4am broken toilets for me. One reason is that our properties are managed by an outstanding property manager. Caroline is incredibly efficient and really good at … (7 comments)
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edmonton real estate: It Only Stands To Reason - 06/15/07 07:20 PM
If house prices go up then insurance prices will go up. As the Japanese say "Shoganai" which translates to "It can't be helped" or "There is no ginger" ( I am referring to the former not the latter) I guarantee you that you would be much more upset if something happened … (0 comments)
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edmonton real estate: I Forgot To Mention......... - 06/15/07 06:21 PM
ROARING ALBERTA FUELS RECORD MAY SALES!!Yup, we did it again. it's starting to not be news anymore but once again. Alberta both Calgary and Edmonton have hit record sales this month. One good thing is that there is a lot more product on the market and houses are staying on the … (0 comments)
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edmonton real estate: Follow The Leader.... - 06/15/07 06:11 PM
As I have said before, "Where Calgary goes Edmonton follows". Calgary is hitting new housing highs and Edmonton will follow the leader. CMHC released a forecast in May projecting that single detached homes in Calgary and area will hit $474,000 by the end of this year."Only Edmonton is forecast for a … (0 comments)
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edmonton real estate: Legalize It! Don't Criticize It! - 06/15/07 05:43 PM
Now instead of furtively trying to get into you side door basement suite apartment, you can enter your home like any full fledged member of society. Well soon anyway. Edmonton is finally moving ahead with making basement suites legal in most residential areas of the city. Although illegal, many many … (3 comments)
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edmonton real estate: The Second Best Year On Record - 06/12/07 06:20 PM
Edmonton prices are slowing for a mini plateau, but that doesn't mean that the prices are going to fall. In fact, Edmonton is still on track for it's 2nd best year on record.
In April Edmonton led Canada with a 4.4% increase for the price of a new home.
"A tight … (0 comments)
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edmonton real estate: Don't Say No To $226.03 A Day Profit - 06/03/07 09:55 PM
If you own a home or investment properties in Alberta you made $82,500 last year. That is $226.03 per day. "Alberta's average resale price of $359,640 was up 29.8 per cent over the April 2006 figure — the biggest percentage increase among any province. Put another way, that means that the … (0 comments)
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edmonton real estate: Canadians Rather Buy Than Rent - 05/28/07 06:33 AM
Times are a-changing and there is no longer the big decision between renting and buying. More and more Canadians are choosing to purchase a house rather than rent. It is now easier to buy a house than it has ever been before."Low interest rates and attractive financing options mean Canadians are … (0 comments)
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edmonton real estate: Real Estate Investing + Joint Ventures = $$$ (and referral fees) - 05/24/07 06:23 PM
Joint Ventures are a major part of Real Estate Investing. Typically a "Money" partner would Joint Venture with the "Real Estate Expert" and invest in a property together. But did you know that anyone, anywhere can design a Joint Venture? In fact, people do the majority of the work already for … (0 comments)
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edmonton real estate: Why Alberta? Rivalled Only By China... - 05/21/07 10:57 PM
The Edmonton Real Estate market has been getting a lot of attention; especially since Real Estate prices rose over 50% last year. Everyone wonders if the market can continue and will the bubble burst. There is no bubble in Alberta, this market is based on solid economic fundamentals which tend to … (0 comments)
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edmonton real estate: Vignettes From The City - 05/21/07 09:45 PM
I like this article. I look at properties with an eye to invest. Does it fit my system? Does it make sense? Even when I bought the home I intend to live in, it was hard not to run it through my system and make sure it made "sense". When really … (0 comments)
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edmonton real estate: Edmonton - Still Kicking - 05/16/07 09:23 PM
Yes! Edmonton leads all Canadian cities again, with a year-over-year price appreciation of 51.6 per cent. "The biggest percentage gains continued to be primarily in western cities. Edmonton's year-over-year price appreciation of 51.6 per cent leads all cities. Saskatoon's price gain of 41.9 per cent and Calgary's 23.1 per cent rounded … (3 comments)
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edmonton real estate: FYI - 05/16/07 09:12 PM
"Real estate agents have been organized in Edmonton for eighty years as of today, and to mark the occasion they've re-branded themselves with a new name and logo.They'll now be known as the Realtors Association of Edmonton, dropping the real estate board title.Carolyn Pratt, the group's president says the new name … (0 comments)
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edmonton real estate: Realtors Run Ragged - 05/16/07 09:02 PM
"As higher home prices bring richer sales commissions, "these are good times for Edmonton realtors," but the business is far from easy money, the president of the newly named Realtors Association of Edmonton said today.The same short supply that frustrates would-be buyers also burdens realtors who "probably are working three times … (0 comments)
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edmonton real estate: Edmonton Vacancy Rates at 30 Year Low - 05/16/07 08:33 PM
Edmonton's vacancy rates will drop to an unbelievable 0.7% and are expected to fall even lower to 0.5% in 2008. "Strong demand from newcomers and a shortage of new units entering the market will reduce vacancy rates to 0.5 per cent in 2008" Canada Mortgage and Housing CorporationLow vacancy rates means … (3 comments)
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edmonton real estate: Big Bucks To Small Science - 05/16/07 08:14 PM
Alberta, ever mindful of the volatility in the oil and gas industry, has committed $130 million to nanotechnology. "Our strategy will ensure a robust economic future with more high-paying jobs and a reduced dependence on the most volatile revenue stream in North America, and that's oil and gas." What is nanotechnology? … (0 comments)
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edmonton real estate: If Only Realtors Could See The Good In Investors - 05/16/07 03:35 PM
I am the Director of Schneider Group Consulting & Investments (www.SchneiderGroup.ca) and we are an investment firm that is focused on purchasing investment real estate with joint venture partners. We are fortunate to be located in the Top Investment City in North America right now, Edmonton, Alberta.
Because the market is booming, … (2 comments)
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edmonton real estate: From #1 to #213 - 05/14/07 11:05 PM
We hear this all the time.
Client: "I found a great house on the MLS for $100,000!"
GSI: "Oh, yeah That seems really cheap?!" What are the comparables?"
Client: "Don't know but it is cheap so I want it."
Of course there are more factors to investing in real estate than … (0 comments)
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edmonton real estate: More On Edmonton Slow Down - 05/11/07 06:42 PM
A Blurb from the Edmonton Sun online:"....the slowdown is "primarily due to the decrease in sales in single family residential lots."Ralph Young of Edmonton's Melcor- Edmonton's Residential DeveloperThe average lot price has increased as Melcor tries to "keep pace with rising construction costs."Slipping salesBut sales slipped when compared to the … (0 comments)
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edmonton real estate: Edmonton Plateaus - 05/11/07 06:12 PM
Plateaus are necessary in any rising market. Without them you would have uncontrollable growth and a possible bubble. The city still has a lot of growth ahead of it!
"Increases in new home prices across the country flagged in March, with prices in hot residential real estate cities like Edmonton and … (0 comments)
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edmonton real estate: Condo Due Diligence Services - 05/11/07 05:52 PM
Condominiums are great purchases in the current Edmonton market. For first time buyers they are a good way to get in to quickly rising market and investors like the rentability, condo boards help with property management and they show a good return. The increase in single buyers have also made condos … (0 comments)
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edmonton real estate: The Future Of Jasper Avenue - 05/06/07 08:38 PM
"Several developers have welcomed a Calgary company's plan to build a Jasper Avenue skyscraper and say they'll compete with their own towers -- if they sign tenants.George Schluessel of Procura Real Estate Services hopes to start construction next year of up to 40 storeys of retail, office and condominium space between … (0 comments)
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edmonton real estate: Thank Goodness for More Inventory - 05/06/07 08:23 PM
"Edmonton house price increases slowed in April as more inventory came on the market, Edmonton Real Estate Board reported today.But dont expect prices to actually drop in the coming months....." EREB president Carolyn Pratt
Thank goodness. Trying to find a GOOD property in this market was incredible. Don't forget too in a … (0 comments)
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edmonton real estate: Chamber of Commerce - No To Tax - 05/03/07 07:31 PM
"The president of the Edmonton Chamber of Commerce has added his voice to those opposing a property transfer tax.There's no connection to service delivery, Greg Christenson said of the proposed tax. Its just a tax grab." Full ArticleThe chamber joins the Canadian Federation of Independent Business and the Edmonton Real Estate … (0 comments)
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edmonton real estate: Do Due Diligence. - 05/03/07 07:15 PM
Cheryl-Lynne Braun was sentenced to seven years in jail for a "ponzi scheme" type scam that defrauded investors out of $23,000,000. She spent $11,000,000 of her ill gotten gains gambling in casinos around Edmonton. Now Braun blames her gambling addiction for the fraud of 89 people.
"In a victim impact statement, … (2 comments)
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edmonton real estate: Market To Cool.... Just A Little - 05/02/07 08:41 PM
Wherever Calgary goes Edmonton is sure to follow. As the Calgary market cooled a little in the first quarter of 2007 everyone is nervously waiting for a market drop. The rock solid economic fundamentals of both markets will not allow a big price reversal but a little cooling of the market … (0 comments)
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edmonton real estate: Proactive Realtors Target Job Fairs - 05/02/07 07:21 PM
Realtors have started going to job fairs in hopes of assisting newcomers to Edmonton find housing. Of the 3,000 people that attended the St. John's, Nfld job fair 200 accepted immediate job offers. Even people who take camp jobs to avoid the housing crunch soon tire of the conditions and often … (6 comments)
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edmonton real estate: Edmonton - North American City Of The Future Award - 04/28/07 11:22 PM
The Edmonton Economic Development Corporation (EEDC) issued a news release that Edmonton received three "Cities of the Futures" Awards."Edmonton has the best economic potential of any large city (500,000 - 2 million population) in North America according to an independent index published by Foreign Direct Investment magazine (FDI).This strong economic potential, … (0 comments)
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edmonton real estate: This boom may never go bust - 04/28/07 11:04 PM
Rob Carrick my new hero. His article is up there with my last post from economist Paul Krugman.
"Homeowners in the province know that, and so do shareholders of a few Alberta real estate companies and REITs, or real estate investment trusts. Take apartment landlord Boardwalk REIT - it's up 88 … (0 comments)
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edmonton real estate: How Big Is Alberta? Mideast Big. - 04/28/07 10:57 PM
Paul Krugman Top Economist
Alberta oilsands area is as rich as the middleast but with more diversity. In fact economists say that "diversity preferable to oil sheikdom""The oilsands are as if we had suddenly discovered a new major Middle Eastern oil producer, which... is not actually in the Middle East. … (3 comments)
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edmonton real estate: Tax Hike For Edmonton Home Owners - 04/26/07 07:58 PM
I'm pretty benevolent about taxes. I think they are inescapable and thus should be borne as well as possible. Taxes rise on properties because property values rise. "Homeowners will be hit with a property tax hike of nearly 7% this year, after the increase was approved yesterday by city council.""That's huge, … (0 comments)
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edmonton real estate: The Results Are In - 04/24/07 06:28 PM
Here we go stability without stifling the market. One year's notice for a condo conversion is a little long if you are an investor looking to do flip out condos you will have to budget for that year. This will definitely help slow down the market.
"The Alberta government is changing … (0 comments)
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edmonton real estate: Lower Down Payments - 04/24/07 08:34 AM
Sorry I am a little late on this one. The federal government passed a bill to lower the mortgage downpayment requirement to 20%."The new legislation within Bill C-37 affects all mortgages or loans on residential property and requires that borrowers carry mortgage default insurance when the loan-to-value exceeds 80 per cent. … (2 comments)
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edmonton real estate: Property Transfer Tax - Good, Bad, Ugly? - 04/19/07 09:17 PM
EDMONTON Real Estate Board is rallying against a proposed property-transfer tax. EREB has concerns that the new tax will reduce affordability by increasing the cost of an average Edmonton house by $4,000.The Minister’s Council on Municipal Sustainability, released a report last month which recommended that the province authorize municipalities to collect … (4 comments)
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edmonton real estate: More Women Entering The Housing Market - 04/17/07 07:33 PM
Royal Lepage Real Estate Services released a poll today indicating that more and more women are buying and repairing their own homes. Some 30% of single never married women and 45% of divorced, seperated or widowed women are homeowners. More younger women plan to buy their own homes rather than rent. … (0 comments)
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edmonton real estate: Again Edmonton Leads In The West - 04/16/07 09:59 PM
Edmonton once again leads in residential sales for Canada West. March was a record breaking month."The biggest percentage gains continued to be primarily in western cities. Edmonton's year-over-year price appreciation of 47.8 per cent leads all cities. Saskatoon's price gain of 28.2 per cent and Calgary's 27.6 per cent rounded out … (0 comments)
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edmonton real estate: Info A Click Away - 04/15/07 07:29 PM
EREB the Edmonton Real Estate Board puts out quarterly and monthly statistics for the Edmonton. You can get this information from the website directly. The is a lot of data there that is useful, for example the quarterly stats has average residential selling prices dating back to 1967. … (0 comments)
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edmonton real estate: Edmonton - #4 of Canada`s Top 5 Gay Town - 04/12/07 09:01 PM
Edmonton the oil rich capital is shrugging it`s cowboy image, unless of course you are thinking of Broke Back Mountain (which was actually filmed in Alberta). I was recently reading a travel article The Out Traveler: Canada's Top 5 gay cities and Edmonton ranks number 4."A fresh crop of smoke-free gay … (2 comments)
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edmonton real estate: Sherwood Park Average Price $400,000 - 04/12/07 08:59 PM
Edmonton residential prices have increased 16.5% since January. Unbelievable. As usual no signs of slowing down. The city is still affordable, prices are still rising and it is still no.1“Edmonton is still affordable compared to Vancouver, which has an average of $590,000,” said Pratt. “(Edmonton is) certainly not in that range … (0 comments)
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edmonton real estate: Canadian Starter Homes a Bargain - 04/12/07 08:57 PM
Internationally Canadian starter homes are a bargain compared to other major city centers. Edmonton fares well at $322 per square foot, about the 10th ranked."..But not only do first-time homebuyers who work in the downtown business districts of Canada’s largest cities generally pay less per square foot for their homes, they … (2 comments)
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