Are you thinking about buying your first home in Edmonton? Did you know buying a home that doubles as an investment property can make first-time homeownership all the easier? While many homebuyers will opt to wait until they’ve purchased their first, second or third home before entering Edmonton’s real estate investment market, there are many advantages to beginning your real estate investment journey now.

Here are our top reasons why your first home should also be an investment property:

1. It’s Easier to Get a Mortgage 

Buying a home with a rental income suite (sometimes referred to as a secondary suite) can make it easier to qualify for a mortgage. This is because the Canada Mortgage and Housing Corporation (CMHC) allows first-time…

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Windsor Park is a south-central Edmonton neighbourhood made extremely popular by its beautiful river valley setting, high-demand real estate opportunities and proximity to Whyte Ave. First established in early 1912 when the City of Strathcona and Edmonton amalgamated, Windsor Park also remains one of the city’s oldest neighbourhoods – boasting mature tree-lined streets paired with plenty of character and charm.

Did you know? Formerly referred to as “River Lot 3”, Windsor Park was officially named in 1910 by an English syndicate. The community is said to take its name from Windsor, England, or Windsor Castle. 

Windsor Park Real Estate 

Although the Windsor Park subdivision was created as early as 1911, only a handful of the community’s…

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Southeast Edmonton is known for its fantastic combination of unique communities (both established and new), accessible amenities and diverse array of home styles. If you’re considering calling Southeast Edmonton home, here are five ultra-affordable neighbourhoods to consider.

Larkspur 

Average Listing Price: $277,000

Minimum Listing Price: $135,000

Maximum Listing Price: $525,000

Located in Southeast Edmonton’s Meadows area, the community of Larkspur is bounded by 24th Street to the west, Whitemud Drive to the north, 17th Street to the east and 38th Ave to the south. A relatively new community situated just east of Mill Woods, development of Larkspur began in the late 1980s and continued well into the mid-2000s.

Larkspur consists…

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Beaumaris is a family-oriented community known for its picturesque lakeside views, affordable home styles and proximity to some of the best amenities Northwest Edmonton has to offer. Located in Edmonton’s popular Castle Downs district, this nature-friendly neighbourhood maintains a relaxed atmosphere ripe with open green spaces, walking trails, waterfront parks and recreational opportunities.

Did you know? Like all other neighbourhoods located in the Castle Downs district, Beaumaris takes its names from a famous castle. “Beaumaris” in this instance, referring to a famous 13th-century castle in Wales.  

Beaumaris Home Styles 

Beaumaris was first established in the early 1970s, with development continuing well into 90s. Single-family…

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Even for the most experienced buyer, a home is no small expense – but for a first-time buyer, the idea can be nothing short of overwhelming. However, in addition to Edmonton’s thriving real estate market, there are many reasons why now may be a better time for first-time home buyers than ever before.

Here are 5 reasons why now is the perfect time to buy your first Edmonton home:

1. Historically Low Interest Rates 

According to experts, Canada’s mortgage rates are the lowest in history, with the Bank of Canada having dropped its target rate to 0.25% in early 2020, where it has stayed for the last year.

In short, lower interest rates equate to lower monthly payments, ultimately making mortgages more affordable. A such, current rates and…

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Located in the heart of Edmonton’s beautiful Lake District, Schonsee is a newer Northeast Edmonton community still undergoing development. This includes the highly acclaimed Village at Schonsee –  a close-knit new home community located in the neighbourhood’s northwestern corner. Known for its modern, affordable new home styles, accessible amenities, vast open spaces and family-friendly atmosphere, Schonsee is rapidly becoming one of Northeast Edmonton’s most desirable places to live.

Did you know? As a nod to Edmonton’s ethnic diversity, all Northeast Edmonton Lake District communities take their names from lakes in different languages. “Schonsee” refers to the German words “schön” (beautiful) and “see” (lake). 

Home Styles Suited to Every…

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