Are Edmonton Homes Becoming More Affordable?

Tue, 25 Nov by edmontonhomepros
Edmonton Homes More Affordable

Homes like these energy efficient Oxford area homes are becoming more affordable in Edmonton Photo credit: CTV

This week, RBC Economics released a report that states that overall, Canada’s real estate has become slightly more affordable.

Even with the fast-rising prices in Vancouver and Toronto (and to a degree Calgary), the country is still in relatively good shape.

RBC Economics says that rising household incomes, lowered utility costs and low interest rates are making it easier for people to enter the market.

As you might have seen in our last post, there are many factors at play that can influence affordability and pricing of real estate. The Canadian Real Estate Association quoted a 7.1% year-over-year increase over October 2013. The MLS home price index posted price gains of 5.5% over last year (which is quite a bit lower than CREA’s numbers).

Either way, with the big three markets influencing our national landscape, it may seem easy for some to believe that home affordability is slipping away.

It isn’t.

Across the western provinces, homes have slightly risen in price—once we remove Calgary and Vancouver from the equation. Both cities’ markets have witnessed growth far beyond the national average. In many other markets, we’ve seen only slight to moderate growth at rates that are very comfortable for those markets.

We call the prices respectable because the drop in fixed mortgage rates is keeping the market strong. Also, the gradual rising incomes in the west are also helping to keep homes affordable.

So many of us are preparing to hear panic about the market, but the price conditions of Edmonton homes—as well as other western cities—are robust with a firm foundation.

We have settled into a solid growth trend, and affordability for Edmonton home buyers is improving. It’s never been a better time to get into the market.


If you are thinking about buying or selling your Edmonton home, get in touch with the Edmonton Home Pros team.

We’ve got the experience to help you make sense of the market and find the home that’s right for you and your family.

 

Setting The Stage- Part One

Fri, 07 Jun by edmontonhomepros

Did you know that within the first 20 seconds that a prospective buyers enters your home, they decide whether or not they can picture themselves living in it? When it comes to real estate, first impressions always count. Don’t lose out on the right buyer on account of a poorly staged home, with the right decorative staging, decluttering, and depersonalization, your home can sell faster and for more money.

In this 2 part blog series, Edmonton Home Pros invites you to enter the world of home staging and home decorating. By following our tips and adding your personal touch, we know your home will hit the market stage ready.

Home Staging Tips

  • Bring on the charm. Your home is beautiful, inside and out. It’s one of the reasons why you decided to purchase it. Now that the time has come to move on and sell your Edmonton home, you want to show prospective buyers the beauty of your home by accentuating its features. Create a positive welcoming vibe from the moment you enter your home and maintain that atmosphere throughout the home.
  • Appealing Curbs. What is the first thing visitors see as drive up to your home? Do you have a nice manicured lawn with a clutter free deck? Curb appeal is crucial, so make sure your front door has been painted recently or consider replacing the numbers outside of your home. Give your home’s gutters a good cleaning before your showing, you don’t want the winter debris to take away from your home’s outer beauty.

Did you know Stephen Lau and the Edmonton Home Pros team can offer assistance in professional home staging? Over the years, we have cultivated a list of trusted business contacts including professional home stagers. Contact Stephen Lau today and get your home ready for the Edmonton real estate market. Stay tuned to this series to learn more about staging your home’s interior.

Moving To Edmonton Tips

Fri, 28 Dec by edmontonhomepros

This is the second blog to our series ‘Moving to Edmonton.’ Our first blog is Moving To Edmonton: Pre-move Tips.

Congratulations, it’s moving day!

Although your house looks a little like a disaster zone, with packing tape and boxes everywhere, your family is excited to move to Edmonton.
Below are some of Edmonton Home Pros’ easy-to-follow tips for a smooth transition on moving day:

Important Documents.
Lock away passports, birth certificates and important documents in a secure location. With all the commotion of packing, it can be easy for paperwork to get misplaced. From medical records to your pet’s vaccines, use your pre-move checklist to determine what documents you need. If necessary, take photocopies of everything and save them to a USB or your laptop. That way, if you misplace something you will always have an electronic copy.

Clear The Area.
Moving to Edmonton with children or pets can be an emotional and physical challenge. So, ask a friend to babysit your kids or watch your pets during moving day. It will be easier for you to wrap up loose ends, your kids will have more fun, and you won’t have to worry about your dog barking at the movers. To avoid a stressed out animal when you’re on the road, consider sedating your pet.

Moving to Edmonton

Moving to Edmonton can be stressful, let Edmonton Home Pros guide you in what to do.

Movers.
Were all the boxes loaded and unloaded to the moving truck? Don’t sign any paperwork until every box is accounted for. Being organized and straightforward will make the movers’ jobs easier. Create a floorplan of your new Edmonton home so they know where to put furniture. Also take note of damaged items or unexpected charges to your invoice. If you are moving to a different part of the city, Edmonton Home Pros can also help you sell your Edmonton home. Contact Stephen Lau for your complimentary Home Evaluation today!

Don’t know which part of Edmonton you want to live in? No problem! Visit our Edmonton Communities link to view listings in each Edmonton community.

Check back regularly to read our final blog, ‘Moving To Edmonton: Post-move Tips. If you have any moving tips of your own, or would like to comment on the content, write in the comment box below.

Selling Your Home – Why Edmonton Open Houses Work!

Fri, 16 Nov by edmontonhomepros

So you’ve decided to sell your home, congratulations! With the help of Edmonton’s trusted real estate group, Edmonton Home Pros, we know you’ll sell your home for top dollar. How? Through support, complimentary home evaluations, and our knowledgeable team of agents who help you every step of the way. We are also firm believers in hosting an extensive open house. A picture says 1,000 words, but an open house leaves you speechless.

Through open houses, potential buyers get a better feel of what is nice about your Edmonton home. As they walk through it they visualize themselves living there, creating a special connection between buyers and their future homes. Open houses are an excellent way to network and introduce your house to the Edmonton real estate market; which maximizes its selling value. Edmonton Home Pros help you with the promotion and advertisement of a showing. We provide you with optimal signage during public viewings, maximizing your exposure.

With private events, we provide an advanced opportunity for the ideal buyers to bid. Whether it’s a public showing or a private showing, you can trust us to showcase your home in the best light possible. We offer our services to any Edmonton home, including luxury houses. Once a month, Edmonton Home Pros puts on a Luxury Night for Edmonton luxury home owners looking to sell. In the past, Edmonton Luxury nights have provided guests with complimentary food, entertainment and wine.

Ready to sell your Edmonton home? Contact Stephen Lau, for your free Edmonton home evaluation today.

Edmonton home buyers seeking information on our next open house, please contact our office at: 780.566.8016.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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