Despite any uncertainties over the last 12 months, Edmonton’s real estate market continues to thrive with more activity than the month of January has seen in over a decade.

According to new numbers released by the REALTORS® Association of Edmonton (RAE), the city’s total residential sales for January 2021 were up 5.9% from December and 47.1% from January 2020. New residential listings also saw a healthy boost, with a year-over-year increase of 8% and a month-over-month climb of 87.9%. Although overall inventory in the capital region decreased by 17% from last year, the number of available homes on the market saw a 5% boost from December of 2020.

Edmonton Condominium Sales Up 44% 

Edmonton condo sales, in particular, saw record numbers in…

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Despite any transitional ups and downs, 2020 was a record year for real estate in Canada. As a result, Edmonton’s healthy buyer’s market conditions (combined with record-low mortgage rates) have created favourable opportunities for budding real estate investors looking to secure a fantastic deal on their first investment property.

That is, of course, if they know what to look for.

If you’ve been thinking of investing in Edmonton’s lucrative real estate market, here are four things to consider when choosing the right property.

See our previous post: Why Now Is the Best Time to Buy an Edmonton Home and Take Advantage of the Lowest Mortgage Interest Rates in Decades

The Right Neighbourhood 

We’ve said this before – but we think it…

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Historic Queen Mary Park is an established community located in central Edmonton, just minutes away from the city’s vibrant downtown core. Formerly owned by the Hudson Bay Company (HBC) in the late 1800s, Queen Mary Park became the site of several different land uses (including farmland and an HBC owned golf course) until Edmonton’s population exploded shortly after the Second World War.

Did you know? Queen Mary Park is also home to the Edmonton Cemetery. Not only does the cemetery contain the city’s oldest and most architecturally diverse monuments, but it also houses the Field of Honour – a resting place for over 600 Edmonton veterans. (source: City of Edmonton)

Queen Mary Park Home Styles 

With so many soldiers returning to Edmonton…

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Whether you’re new to the market and looking to purchase your first home or an experienced homeowner considering downsizing (or somewhere in between), our city features a vast number of diverse home styles (across countless amazing Edmonton neighbourhoods) suitable for every lifestyle, taste and budget.

If you’ve been thinking about buying a new home in the capital region but unsure which style may be right for your unique wants and needs, here are Edmonton’s top home styles revealed.

Single-Family Homes 

A single-family home is a stand-alone property, maintained and used as a single dwelling unit. Unlike, say, an apartment-style condo or townhome (outlined below), single-family homes don’t share walls, or a roof, with any other structure.…

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Beautifully mature, easily accessible and extremely amenity-friendly, the Southwest Edmonton community of Pleasantview became part of the greater City of Edmonton in the early 1900s. Despite its established status, the area did not undergo significant development until after the Second World War, where much of the land was sold to Canadian soldiers returning from overseas (under the Veteran’s Land Act).

As a result of its diverse real estate opportunities and excellent location, Pleasantview has rapidly become one of south side Edmonton’s most popular neighbourhoods.

Did you know? Passed in 1942, The Veterans Land Act provided eligible Veterans with low-interest loans to purchase land, livestock and equipment. (source: Veteran Affairs Canada)

…

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Whether you’re a seasoned real estate investment pro or a first-time investor just starting out, understanding Edmonton’s real estate (investment) market is critical if you hope to secure the right property, at the right price, for a lucrative return.

And what better way to effectively navigate your first (or next) real estate investment than by partnering with a knowledgeable expert who knows both the market and the industry, inside and out?

What is a Real Estate Investment REALTOR®, Exactly? 

For starters, a REALTOR® differs from an agent in that a REALTOR® is a licensed member of the Canadian Real Estate Association (CREA). As such, they are expected to uphold specific standards, as well as a particular code of ethics, and undergo…

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Welcome to The Best Places to Live in Edmonton, a multi-part series in which we take a deep dive into some of the best communities our diverse and vibrant city has to offer. If you’ve been thinking of purchasing a new home in the capital region, we hope this information will help you zero-in on the right neighbourhood for your unique needs.

Northeast Edmonton: 

Highlands

Known as one of the most architecturally diverse neighbourhoods in Edmonton, The Highlands remains one of the city’s oldest and most beloved communities. First established in early 1912, the area is noted for its mature, tree-lined streets, river valley views, diverse home styles and unparalleled historic charm.

Tucked away in central/northeast Edmonton, The Highlands is…

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Formerly known as Norwood, Alberta Avenue remains one of Edmonton’s oldest communities – dating back to 1894 when the city was little more than a village of fewer than 1,000 residents. Located just 10-minutes north of the downtown core, this inner-city neighbourhood features mature, tree-lined streets, ample amenities and a broad range of affordable home styles for every taste and budget.

Did you know? Alberta Avenue was recently voted best neighbourhood in Edmonton by EDify magazine

Affordable Home Styles 

Due to its mature status, home styles in the Alberta Avenue range in both age and personality. The community is primarily known for its upgraded single-family homes, which include large, two-story properties, rich on character (many of…

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When it comes to buying your first home, the community you choose is every bit as important to your happiness as the property itself. No one wants to commute 20-minutes for a litre of milk or find themselves house poor as a result of property taxes they can’t reasonably afford.

If you’re on the hunt for your first Edmonton home, here are our top tips for choosing the right neighbourhood for your needs: 

Determine Your Wants and Needs

How many bedrooms and bathrooms do you need? Do you want a contemporary new home in a developing neighbourhood or are you looking to settle in an established community with historic charm? Your wants and needs will have a direct impact on the home style and community you choose.  

For instance, if…

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Good news, Edmonton! The Edmonton real estate market will continue to benefit from high-demand, low-interest rates and steady home prices in the year ahead.

Edmonton’s Real Estate Market to Remain Balanced

According to experts, Edmonton’s real estate market will remain balanced throughout 2021. Despite market uncertainty in 2020 due to the COVID 19 pandemic, average home prices increased 1% from $361,152 in 2019 to $364,820 (2020). Our outlook for 2021 sees yet another (minor) increase of 2% in average sale prices to $372,116, a key indicator home buyer demand in our city continues to remain strong.

Who’s Buying Real Estate in Edmonton

Move-Up Buyers – Move-up buyers are currently the driving force behind home buyer demand in Edmonton, a…

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