Terry Paranych Real Estate Group Blog - Edmonton

How to Avoid Paying Too Much For a Home in Edmonton

Finding the right home is challenging enough, but knowing it’s one of the largest purchases you’ll ever make can be nothing short of overwhelming. The good news is, there are steps you can take to find both your dream home AND save money at the same time. 

Here are our top tips to avoid paying too much for a home in Edmonton:  

Tip 1. Establish Your Wants and Needs

When purchasing a home, buyers must often choose between features they’d like to have vs. features they actually need. For example, should you choose the two-storey home with more than enough space for your growing family, or the quaint bungalow with the backyard perfect for entertaining? Is a chef-inspired kitchen more important than a home office? Is a finished basement a…

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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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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 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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The Benefits of Choosing a Downtown Edmonton Condo

Are you looking for a trendy, low-maintenance home with unlimited access to Edmonton’s best amenities? An apartment-style condo in Edmonton’s vibrant Downtown core may be exactly what you’re looking for. From converted warehouse lofts and mid-level apartments to high-rise luxury penthouses, central Edmonton has something to offer everyone. 

Here are just a few of the many perks that come with living in a Downtown Edmonton condo:

Downtown Living Defined 

Downtown (condos) are the perfect choice for working professionals, first-time buyers, or any buyer searching for a low-maintenance home near it all. Offering convenient access to Edmonton’s central business district as well asa diverse array of amenities (including arts and cultural venues,…

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Christmas 2022: 9 Festive Things to Do in Edmonton This Season

If you’re looking for a few fun and family-friendly ways to celebrate the holidays this year, here are a some of our top suggestions.

1. Jingle Bells: Dashing Through the Snow

When: Nov. 19th, 2022 – Jan. 2nd, 2023

Where: The Muttart Conservatory

The Muttart Conservatory’s Feature Pyramid will be the site of many evening concerts this season, including two Candlelight Christmas performances from three-time Canadian folk award nominees, The McDades. All performances will be highlighted by Muttart-grown poinsettias, a snow-inspired light show and photo opportunities with Santa. Combined, the Muttart pyramids include more than 700 species of plants in three climate-regulated biodomes: arid, temperate and tropical.

2. Luminaria: A…

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12 Fun Things to Do in Edmonton This Fall

Summer may be over, but there’s still plenty to see and do around Edmonton in the fall. Here are just a few autumn events to look forward to in 2022.

Edmonton International Film Festival

When: Now – October 1, 2022

Where: Landmark Cinemas – 10200 102 Ave, Edmonton

The Edmonton International Film Festival is a nine-day film festival featuring over 150 films from more than 50 countries. Content includes everything from short and feature-length productions to documentaries, studio, independent films and more.

Gateway to the Stars at Elk Island National Park

When: Fridays and Saturdays, Now – October 22, 2022

Where: Elk Island National Park, Astotin Lake

Located at the Beaver Hills Dark Sky Preserve, Gateway to the Stars is a…

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Moving to Edmonton: 10 Things You Should Know

Boasting affordable real estate opportunities and a friendly atmosphere, Alberta’s capital city has a lot to offer newcomers. If you’re considering moving to Edmonton, here are ten awesome things you should know:

1. Canada’s Festival City 

Home to over 50 festivals each year, Edmonton is known as Canada’s festival city. Come rain, snow or shine, Edmonton hosts multiple cultural, food, arts, entertainment and music events, appealing to every age and interest. A few of Edmonton’s many popular festivals include:

• Edmonton International Fringe Theatre Festival
• Edmonton Folk Music Festival
• Taste of Edmonton
• Edmonton Heritage Festival
• Edmonton International Film Festival
• Ice on Whyte
• Silver Skate Festival 
• Etc.

Check…

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Edmonton’s Best Patios: Our Top 19 Picks

We hope you’re enjoying your summer so far, Edmonton!

And, what better way to get out and celebrate the warm weather than to hit up one of Edmonton’s (many) fantastic patios? Here are a few of our favourites.

Craft Beer Market 

10013-101A Avenue NW

Did someone say rooftop patio?! Craft Beer Market offers one of the best views around! Located in the city’s downtown core, this family-friendly restaurant and bar delivers impressive scenery, great food, and an unparalleled selection of draft beer (the largest in Canada).

Riverside Bistro

1 Thornton Court NW 

Riverside Bistro is a hidden gem located in the Courtyard by Marriott Hotel, downtown Edmonton. Offering panoramic views of the North Saskatchewan River Valley, the Bistro allows…

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Edmonton’s Best Brunch: Our Top Picks

No Edmonton real estate talk today!

Everyone loves a good brunch. If you’ve been hankering for a tasty dining experience that’s not quite breakfast and not quite lunch, here are our top recommendations:

Branches Fresh Food Experience 

Indulge your taste buds (and your green thumb) at Branches Fresh Food Experience. Located in Sherwood Park’s beloved Greenland Garden Centre, patrons of this ultra-green café can enjoy a variety of artfully crafted (locally sourced) dishes in a beautiful greenhouse setting.

Where: 23108 Highway 16, Sherwood Park

When: Weekends, 9am – 2pm

OEB Breakfast Co. 

Featuring two fantastic Edmonton locations, this Canadian chain is a brunch lover’s dream. Stick with OEB Breakfast staples such as the…

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