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The RealEdmonton Blog offers current news on the Edmonton real estate market, as well as tips and advice for buyers and sellers, and helpful information to help you care for and maintain your real estate investment.
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Regency Park, Sherwood Park - Announcing a price reduction on 305 Regency Drive, a 1,120 sq. ft., 3 bath, 4 bdrm bi-level. Now  MLS® $369,900 CAD - Reduced!. Property information
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Canada’s Real Estate Investment Network (REIN), a real estate research, education and consulting organization recently released a report on the top 10 Alberta towns for investment. Edmonton and Calgary take the top two spots in the report, which analyzes the current and future prospects for real estate investment in the province. Alberta, with its rich natural resources and popular recreation opportunities, is a good destination for investment in Canada.
“Despite today’s continuing market turmoil, our research indicates that Alberta will prove to be the best real estate market in North America over the coming decade,” says report lead author Don Campbell, REIN president and author. “We’ve just come out of the Tiger Woods years of real estate investing in Edmonton, but this city has maintained its hold on the number-one spot on the top 10 list. While the years of skyrocketing prices may be over for now, Edmonton’s economic fundamentals are poised for greatness and continue to make this city our top pick for long-term real estate ownership and rental housing investment.”
Following Edmonton and Calgary in the list are Red Deer, St. Albert, and Grande Prairie for the top five. Tied at sixth are Lethbridge and Fort McMurray, with Airdrie in seventh and two more towns tied for eighth, Cochrane and Sylvan Lake. Airdrie is near Calgary and is one of the fastest growing communities in the province. Lethbridge, near the border with the US, is one of the few towns in Alberta without a heavy reliance on oil and gas production. The big draw for this town is the University of Lethbridge, a major research university.
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Beautifully Maintained and Reno'd
• 1,120 sq. ft., 3 bath, 4 bdrm bi-level - MLS® $390,000 CAD Regency Park, Sherwood Park - A perfect family home in Regency Park. Clean, renovated and well-maintained. Just some of the updates include: professionally finished basement (2003), basement bathroom and bedroom (2007), front loading washer/dryer (2007), laminate floors (2007), paint (2007), re-stained deck (2008), venetian blinds (2008), kitchen lino (2005) and so much more. Easy maintenance laminate floors throughout living room and 3 bedrooms. Large eat-in oak kitchen with white appliances, as well as full dining room. Patio doors to the large deck overlooking nicely treed back yard (apple, crabapple, maple, mayday, lilac). Master bedroom has walk-in closet and ensuite. Huge basement family room, with gas fireplace, perfect for entertaining. Don't miss this opportunity. You could be moved in before Christmas with room to have the whole family over. Property information
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EDMONTON - While average resale home prices across Canada nudged upward in the third quarter, Edmonton saw double-digit declines from last year in bungalows, two-storeys and standard condos, says a report released today by real estate firm Royal LePage. The average Multiple Listing Service sale price for an Edmonton bungalow fell 11.8 per cent to $326,429 compared to the third-quarter of 2007, says the market survey. Two-storey houses dropped 13.8 per cent year-over-year to $342,857 in the Edmonton market. A standard condominium tumbled 18.8 per cent from last year to $216,667. Across Canada, the survey found, on average, standard condos rose by 0.2 per cent to $243,529. Read the complete story at:
http://www.canada.com/edmontonjournal/news/story.html?id=fbb3710d-923d-4c83-b9fa-a9ad4dc4935a
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EDMONTON - Looking for the best place to invest in real estate? If you live in Edmonton, you don't have to go far, says a new report, Top Ten Towns Alberta, released today by a real estate author and analyst. Edmonton tops the list, and four of its neighbouring communities follow close behind - St. Albert at fourth, Devon tied at ninth and Sturgeon and Strathcona Counties tied at 10th on the list of the best places in Alberta to make money in residential real estate based on long-term potential. The top 10 list actually has 13 areas. Calgary trailed Edmonton in second place. "Once again, Edmonton clearly deserves to take the No. 1 spot on the list," writes Don Campbell in his latest issue of Top Ten Alberta Investment Towns. Campbell is a real estate consultant, author and president of Real Estate Investment Network. Read the complete story at:
http://www.canada.com/edmontonjournal/news/story.html?id=e5dd027f-721c-4853-a678-bc378eef2aba
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Affordable 3 Bedroom Townhouse
• 1,165 sq. ft., 2 bath, 3 bdrm 2 story "End-unit Townhouse" - MLS® $178,800 CAD - 2006 Pricing! Casselman, Edmonton - Great 3 bedroom end unit townhouse close to schools, shopping, public transportation and LRT. Perfect for a young family, first time buyer or investor. Laminate floor throughout large open living room. Kitchen has double sink and lots of cupboard space and seperate dining area. Upstairs, 3 good-sized bedrooms, including master suite with walk-through closet and ensuite bathroom. Plenty of in-suite storage. Two entrances into the suite--from the heated inside hallway, and also out to your private, fenced yard. And your condo fees include all your utilities except power. Yes, even your heat is included. A good complex, that has already replaced windows and doors. At just $195,000, there hasn't been another suite priced this low in the complex since 2006! Take advantage while you can. Property information
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EDMONTON - The recent downturn in Edmonton's housing market may benefit university and college students looking for a place to live this fall. Some real-estate investors struggling to sell their properties are now offering them to tenants, providing a small bit of relief to what has been one of the country's tightest rental markets. "We haven't seen any real rollback in prices but they have stopped increasing, which is a sign that things are a little better," said Mark Dumouchel of rentingspaces.ca, an online housing registry for students at the University of Alberta, Grant MacEwan College and NAIT. "The market is still pretty tight but it's not quite as bad as last year." However, while the supply of accommodations has increased, there is concern about how many of the additional rental properties are affordable for students. Read the complete story at:
http://www.canada.com/edmontonjournal/news/story.html?id=bcaf7306-2612-4525-abdb-5450c4aaf26e
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Ritchie, Edmonton - Announcing a price reduction on 9729 79 Avenue, a 798 sq. ft., 2 bath, 3 bdrm bungalow. Now MLS® $257,900 CAD - Reduced!. Property information
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EDMONTON - Is the city's housing market going into the tank, as it did in the 1980s? Or is it already showing signs of emerging from its year-long funk? My guess? With the average price of a single-family detached home in Edmonton down to $379,224 in July -- nearly $38,000 or 9.1 per cent below the July 2007 peak of $417,150 -- the recent downturn is largely history.
Sales volumes are picking up, the bloated inventory of unsold homes is shrinking, new housing starts are down by more than 70 per cent, and current prices better reflect what buyers are willing to pay to live in what has become one of Canada's most consistently prosperous cities. Unless energy prices fall off a cliff, Alberta's economy should remain strong. And that should lead to a stronger housing market in 2009. So what's a cliff? In my view, oil prices would have to skid to $75 US per barrel or lower for a sustained period -- rendering some oilsands projects uneconomic -- and natural gas prices would have to sink below $7 per million British thermal units (MMBtu), making drilling too costly to justify. Read the complete story at:
http://www.canada.com/edmontonjournal/news/story.html?id=116e6424-35ad-4822-a412-c96d8f71bb3d
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• 798 sq. ft., 2 bath, 3 bdrm bungalow - MLS® $279,900 CAD Ritchie, Edmonton - A well-priced home in a great location in Ritchie. Right across from Mill Creek School. This home features two bedrooms upstairs with hardwood floors. A partial suite downstairs with another bedroom and its own entrance. A cozy eating area off the kitchen with a large bow window. Some upgrades including 100 amp breaker, bathroom cabinet, sink, fixtures, lighting. Large lot with towering trees and a nice deck in the back yard with bench seating. This is a perfect starter home in a well-established neighbourhood, situated on a quiet, tree-lined street close to Whyte Avenue. With great access to the nightlife of Old Strathcona, the Mill Creek Ravine, Ritchie Park, the U of A, shopping, schools and so much more. A little care and polish will make this home shine again. Make sure this is on your list of homes to see. Property information
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Downtown, Edmonton - Announcing a price reduction on 605-10180 104 Street, a 775 sq. ft., 1 bath, 2 bdrm apartment. Now MLS® $297,000 CAD - Best Value Downtown. Property information
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 By Kari Smith
(NC)-In a world filled with what seems like unlimited choices, gardeners are finding that some of the traditional varieties of plants, like old-fashioned roses, are disappearing. In an effort to bring back some of those varieties, many gardeners are creating heritage gardens to pass along plants from one generation to another. If you want to recreate your grandmother's beautiful rose garden, start a heritage garden. Ask family members if they can recall the rose varieties, then go to your local nursery and see if they're available. If not, go online and visit some of the heirloom gardening sites. Once you find the varieties you're looking for, plan out your garden before planting. A landscape fabric around your plants will protect against weeds without harsh chemicals. A natural product like Landmaster Biodegradable Mulch Paper offers the performance of traditional landscape fabric without harming the environment. It is made from 100 percent post-consumer waste and completely biodegradable. More information can be found online at www.easygardener.com or toll free at 800-327-9462. Fragrances from a garden often evoke memories of gardens we once knew and the people who grew them. If you want to smell flowers instead of fertilizer, use new Jobe's Organics Fertilizer Spikes to keep your heritage garden flourishing. Push the spikes into the ground near plants and the naturally slow-release organic nutrients will ensure hearty plants and healthy soil without releasing pungent odours into the air. Heritage gardens bring a part of the past into the present. Create a heritage garden this year and the next time you find yourself feeling "scentimental" about the past, you can visit the living scrapbook growing in your yard.
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Sherwood Park and the Edmonton neighbourhood of Castle Downs top the nation for highest home appreciation in the last decade, says a survey released Tuesday by Royal LePage Real Estate Services. In Castle Downs, a typical condominium saw price growth of 633 per cent, highest among the 32 urban areas examined across Canada. Topping the 26 suburban markets was Sherwood Park, where a typical condo went up in price by about 417 per cent over 10 years. "Once regarded as one of Canada's more affordable places to buy real estate, Edmonton now boasts the title of the city with the highest rate of house price appreciation, among the areas surveyed, when comparing current figures to those from 1998," said the survey. House prices soared in the one suburban and two urban markets examined in Edmonton. Read the complete story at:
http://www.canada.com/edmontonjournal/news/business/story.html?id=7cd4f3db-9a35-417d-9831-e9ec23d9e8c3
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