Real Estate Market Statistics for Edmonton December 2020
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Real Estate Market Statistics for Edmonton December 2020
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Selling when You’re Going to be Out-of-Town
Posted by Billy Peshke on
If you’re going to be out-of-town but need to sell your home, you might be
concerned about listing your property while you’re away. After all, you won’t
be around to show your property, schedule viewings, consider offers, etc.
While it’s ideal that you be close to home when you’re selling, there’s no
reason why you can’t list your property, even if you’re going to be out-of-town.
When it comes to communications and document sharing, technology is a
wonderful thing! While you’re away, you can utilize phone, email, file sharing
apps (such as Dropbox), e-signing apps (such as DocuSign) and, online
meeting apps (such as Zoom).
For viewing appointments, a secure lockbox (with your key inside) can be
installed so buyers can be shown your property.
Even…
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2021 poised to see continuation of moderate growth in Calgary real estate market
Posted by Diane Crossley on
A refreshing article for Calgary's real estate market!
https://calgaryherald.com/life/homes/new-homes/2021-poised-to-see-continuation-of-moderate-growth-in-calgary-real-estate-market
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Amidst economic challenges, housing market ends 2020 on a high note
Posted by Billy Peshke on
City of Calgary, January 4, 2021 –
With December sales of 1,199, this is the highest December total since 2007.
"Housing demand over the second half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring. Even with the further restrictions imposed in December, it did not have the same negative impact on housing activity like we saw in the earlier part of the year," said CREB® chief economist Ann-Marie Lurie.
Attractive interest rates along with prices that remain lower than several years ago have likely supported some of the recovery in the second half of the year. However, it is important to note that annual sales activity declined by one percent compared to last year and remain well…
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Buying a Home: 14 Hidden Costs to Prepare For
Posted by Kevin Klein on
When it comes to buying your first or next Edmonton home, don’t let these additional expenses catch you off guard. Here are 14 hidden costs to prepare for on your new home purchase:
1. Mortgage Penalties
Unless you plan on porting your mortgage or blending and extending, you’ll likely need to break your mortgage contract. As a result, you may need to pay a prepayment penalty, which will vary according to your contract terms. Be sure to consult your current lender in advance.
Free Mortgage Penalty Calculator
2. Mortgage Loan Insurance
Any down payment on a home in Canada less than 20% will require mandatory mortgage loan insurance. While you will need a minimum down payment of at least 5%, keep in mind, the more you put down, the more…
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Spring is the best time to sell. Or is it
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You may be thinking of listing your home soon, for a variety of reasons. Some fun and exciting reasons. Some sad, even scary reasons. There's a good chance you are likely thinking of waiting until spring because someone somewhere at sometime said that is the best time to list. That may not be the case.
There are a number of reasons many “experts” claim that spring is the best time to list: "people prefer to move in good weather", "more people are out shopping", "selling prices are statistically higher".... most of these reasons are highly subjective and often inaccurate when broken down to the individual home.
Having worked in the Edmonton housing industry for 13 years I can state from my own experience that some of my busiest months…
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