Terry Paranych Real Estate Group Blog - Terry Paranych

Edmonton Community Spotlight: Blue Quill Estates in Southwest Edmonton

Like many communities comprising scenic Southwest Edmonton, Blue Quill Estates is a nature-friendly neighbourhood highlighted by expansive open green spaces and high-end homes. Part of the greater Kaskitayo Outline Plan Area, most development in Blue Quill Estates took place during the 1970s and 80s. The area boasts mature trees, quiet streets and proximity to fantastic amenities – including the Whitemud Creek Ravine, the Derrick Golf and Winter Club and South Edmonton Common. 

Did you know? Like all communities in the Kaskitayo Area Plan, Blue Quill takes its name from a revered Aboriginal leader. In this case, Cree Chief Blue Quill of the Saddle Lake Indian Reserve (1889). (Source: City of Edmonton)

Real Estate and Homes For Sale in Blue…

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Edmonton Community Spotlight: Maple Ridge in Southeast Edmonton

Maple Ridge is an established, family-friendly neighbourhood located in scenic Southeast Edmonton. Consisting entirely of manufactured homes, this all-in-one community makes an excellent choice for growing families, first-time buyers, downsizers and/or anyone looking for an affordable detached home and fantastic on and offsite amenities. 

Did you know? The name “Maple Ridge” gives the nod to the many species of maple trees located in and around the capital region.

Real Estate and Homes For Sale in Maple Ridge 

Approximately three-quarters of Maple Ridge’s manufactured homes were built during the 1970s. Many new residences have been built in the neighbourhood over the years, including models developed during the 1980s, 1990s, and early…

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Edmonton Ranked the Most Affordable Major City in Canada

City of Champions, Winter City, Festival City and Oil Capital of Canada are just a few of many distinctions Edmonton has picked up over the years. Recently, Alberta’s capital has earned another title: the most affordable major city in Canada. 

A recent study has revealed despite any ups and downs, the Edmonton real estate market is better than it’s been in years. In reviewing numbers from 2007 (before the real estate crash of the following year), experts have determined homes are only slightly more expensive now (2022) than they were then - with average prices compared at $361,000 and $350,000 respectively.

Though interest rates are also slightly higher than they were in 2007 (in the 6% range), average annual household incomes have leapt from…

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The 17 Worst Home Renovations You Can Spend Your Money On

While these 17 home upgrades can certainly improve your family’s overall enjoyment of your home, they may lack on ROI when it comes time to sell.

1. Master Suite Additions

According to the experts, an upscale master suite addition (i.e. walk-in closet addition, large shower, dual vanities and soaker tub, etc.) will set you back approximately $282,062. There’s no denying that a master suite retreat can deliver endless value when it comes to homeowner convenience and comfort. Still, with an average ROI of only 51.6%, you’re not likely to recoup your initial costs. 

2. Costly Carpeting 

Since carpeting is a magnet for dust, germs and stains, many buyers prefer lower maintenance forms of flooring. Even so, if you have carpeting in your home,…

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Edmonton Community Spotlight: Canon Ridge in Northeast Edmonton

Canon Ridge is a nature-friendly neighbourhood located in Clareview and nestled along Northeast Edmonton’s River Valley. With Hermitage Park defining the community’s entire east end, Canon Ridge residents enjoy having countless walking paths, parks, green spaces and outdoor recreational facilities at their disposal. But that’s not all. The area also boasts a broad array of affordable home styles (including everything from low-maintenance apartments to roomy single-family homes) as well as proximity to popular Northeast Edmonton shops and services. 

Overall, Canon Ridge is a diverse and amenity-friendly neighbourhood suited to Edmonton home buyers of every lifestyle and budget. 

Did you know? Canon Ridge was named after Canon William Newton, an…

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Luxury Living in Edmonton: Cameron Heights

Cameron Heights is a scenic west-end community bordering Edmonton’s beautiful North Saskatchewan River Valley. As one of the most desirable areas in the city, Cameron Heights boasts excellent natural and commercial amenities and a broad selection of luxury home styles – including spacious single-family homes, roomy duplexes and trendy townhomes. So if you’re searching for a high-end home in a prestigious, nature-friendly neighbourhood, Cameron Heights may be the right choice for you. 

Community Profile 

Cameron Heights is a uniquely shaped neighbourhood, defined by the Anthony Henday to the west and south, the Wedgewood Ravine to the north and the North Saskatchewan River Valley to the east. A newer addition to West Edmonton, development…

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10 Edmonton Festivals to Check Out This Winter

The holidays may be over, but there’s still plenty to do and see in Canada’s “Winter City.” If you’re looking for fun ways to beat the winter blues in 2023, here are a few festivals to look forward to: 

1. Winter City Weekends – Swing n’ Skate & Ice Grooves

When: Every weekend in January

Where: City Hall, Downtown Edmonton

Winter City Weekends: Get your groove on at City Hall! For the rest of January, visitors can throw on their skates and dance the weekend away every Friday, Saturday and Sunday. Ice Grooves takes place Friday and Saturday evenings from 6pm – 9pm, featuring some of Edmonton’s best local DJs. Swing n’ Skate takes place every Sunday from 1pm – 4pm in the City Room and offers live music to the tune of swing, salsa, big band,…

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Edmonton Community Spotlight: Cumberland in Northwest Edmonton

Cumberland is an amenity-friendly neighbourhood located in Northwest Edmonton’s greater Palisades district. From schools and services to big-box retailers, restaurants and recreation venues, Cumberland residents enjoy having everything they need within arms’ reach (and then some). A broad selection of detached homes also makes Cumberland ideal for families in search of the perfect all-in-one community.

Did you know? All Palisades land once belonged to the Hudson’s Bay Company (HBC). As a result, all neighbourhoods in the area take their name from the company’s many fur-trading posts and forts. In this case, the Cumberland House was the HBC’s first inland trading post.

Real Estate and Homes For Sale in Cumberland 

Though Cumberland was…

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Edmonton Community Spotlight: Glastonbury in West Edmonton

Glastonbury is a newer West Edmonton neighbourhood, first established in the early 2000s. Perfect for families, the area consists mainly of single-family homes, highlighted by parks, accessible amenities and convenient commuter roads. Located in Edmonton’s greater Grange district, Glastonbury is also known for its laid-back atmosphere, perfect for Edmonton buyers in search of a quiet yet accessible community to call home. 

Did you know? All communities within the Grange refer to English estates formerly known as “granges.” Glastonbury, in particular, takes its name from an English monastery. Glastonbury, England, is also thought to be tied to the legend of King Arthur and the Holy Grail. 

Real Estate and Homes For Sale in Glastonbury

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Edmonton Real Estate Market Predictions For 2023

Often referred to as Canada’s Festival City, Edmonton is celebrated for its vibrant arts and culture scene, incredible choice of neighbourhoods and excellent infrastructure. It’s also rated one of the top cities in Canada for employment rates, affordable housing and overall positive quality of life. 

What can we expect from Edmonton’s thriving real estate market in 2023?

Here’s what you need to know. 

Climbing Interest Rates Expected to Stabilize 

When it comes to mortgage interest rates for 2023, economists are on the fence.Though the Bank of Canada (BOC) increased its rate seven times last year (including an entire percentage point in July), some experts are hopeful current rates are here to stay. Other economists predict a continuing…

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