Looking to buy or sell a home in the Edmonton area? Good news! Edmonton’s real estate market is demonstrating some noticeably positive activity. While much of this bounce-back can be attributed to the province’s re-opening, buyers and sellers are eager to take advantage of the many perks our current market has to offer.

1. Ultra-Low Interest Rates 

With Canada’s interest rates sitting at a historic low of 0.25%, the Edmonton real estate market has seen an influx of buyers eager to secure an affordable fixed or variable mortgage at a great rate. While the Bank of Canada has cut its key overnight interest rate three times in light of COVID 19, experts predict that rates will stay low even as the pandemic ends.

2. A Buyers (and Sellers)…

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Despite an unprecedented slow start to the year due to COVID-19, the Edmonton real estate market is in full swing. Current market statistics have revealed June to be a record month for home sales in and around the capital region.

According to the REALTORS® Association of Edmonton, the city’s total number of unit sales for June 2020 increased by over 13% compared to May 2019. What’s more, the recent easement of pandemic restrictions has resulted in a massive influx of buying activity – and a 77.27% increase in home sales from May 2020 to the end of June.

New listings are also on the rise, with month over month numbers increasing over 20% from the previous month and 16.57% from the previous year. While Edmonton’s inventory did see a slight…

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From increasing your monthly income to padding your retirement fund, with the right planning and the right property, real estate has the potential to deliver some incredible benefits.

Here are just a few of the many great reasons why you should consider investing in real estate:

A Steadier Cash Flow

One of the first and most obvious reasons why people opt to invest in real estate is to improve their cash flow. A great way to supplement your current earnings, income properties can deliver a significant financial surplus depending on how and where you choose to invest. In short, any funds left after paying the mortgage and additional expenses (which may include utilities, repairs and maintenance, etc.) is extra money in your pocket.

Building…

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The New Year is just around the corner, and with it comes some great news for Edmonton home buyers. Here are five reasons why now is the right time to purchase a new Edmonton home:

1. Record-Low Home Prices 

According to a recent report released by the Canadian Real Estate Association, Edmonton’s benchmark home price has now reached the ultra-affordable low of $316,200. Having fallen 8.29% over the last several years, homes are now being sold at prices not seen since the buyer’s market of 2013 – where the benchmark price was only slightly less at $314,500.

Home buyers interested in detached single-family dwellings and townhomes can expect to see some particularly substantial savings compared to last year, with average prices dropping over…

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