In today's edition of "Everything You Need To Know About Edmonton Real Estate" we have a candid discussion with David Edmiston of Pacestter homes about how this Covid-19 virus has affected the new home industry and what our thought are about the market going forward.
Serge Bourgoin:
Hey, everybody. Welcome to Everything About Edmonton Real Estate. This is our very first episode. Today, I'm honored to have David Edmiston from Pacesetter Homes joining us today. David comes from real estate royalty. I started working in real estate in 1985 and I started working with his father and I met David since he was 12 years old. David has had real estate in his blood since he was born. David, welcome.
Unique two & a half-story townhouse in Meadowlark Village, steps away from West Edmonton Mall & Misericordia Hospital. The main floor features a large open living room with access to a fenced in patio. This is great in summer & overlooks a grassy knoll. The dining area transitions into the Kitchen & on to a Breakfast Nook. Main floor half bathroom, with updated plumbing & new vanity, also includes in-suite laundry area. The second floor features two bedrooms including the master. The upstairs full bathroom has been fully- renovated, which includes all new the plumbing. High efficiency furnace installed in 2019. Enviro Friendly Hot water tank is eight years old, well maintained. The third floor features a spacious Loft,
Have you ever looked into the eXp Realty opportunity? It took me more than 12 months to make the move from the first time I was introduced to it. I had been in the real estate sales industry in Edmonton for more 33 years at the time, and had been with Re/Max for over 30 years.
Well I can tell you that it was the best decision I have ever made. I only wished I had made the decision a year earlier. Please take the few minutes to watch this short video tell me what you think.
Don’t make the mistake that many realtors make and think we are just a recruiting or a multi-level marketing company. We are agent success obsessed. We want to provide you the tools and technology for you to succeed.
If you think you would like more information about eXp and
Serge Bourgoin: Hey everyone, it's Serge here again from FindMyHouse.ca eXp Realty with another edition of what you need to know about real estate. Today, I'm with Carl Bosecke, a long time friend of mine and real estate lawyer. We're going to talk about title insurance versus maybe a real property report and compliance. So what can you tell us about that?
Charles Bosecke: So, this is probably one of the most problematic areas in real estate purchase transactions. Real property reports, just as a background, is a survey of the property, which shows all of the structures and improvements on the property. And it indicates all of the dimensions of the size of the structure and the location of the buildings and the structure of the property.
The Bank of Canada has remained – somewhat defiantly – on the sidelines yet again, but it is feeling the pressure to get back into the game and one obstacle has now been removed.
The bank held its benchmark rate at 1.75% for an eighth straight setting. At the same time it has clearly signalled it may not be able to hold that line much longer. In its quarterly Monetary Policy Report (MPR) the bank pointed directly at trade conflicts (such as the U.S. – China tariff war) as the key cause of a global economic slowdown. Growth has fallen to its lowest level since the financial collapse in 2007. Around the world more than 35 other central banks have already cut rates in an effort to keep growth from stopping altogether.
Are you looking for a great DEAL? It has an asking price $80,500 below the assessed value!! Where else are you going to find a 1,300 sq.ft. 2 bedroom, 2 bath condominium with heated underground parking only 5 minutes walk to the ravine, just a few minutes drive to downtown and the University listed for a mere $169,900.
has everything you need & more. Main floor boasts a bright kitchen, washer/laundry area, dining room, large living area, half bath & access to the main floor patio. 2nd level offers a large loft style living area, a full bath, 2nd bedroom, Master with private balcony and semi ensuite (full 4 pce bath). Huge closets in the bedrooms, the abundance of storage and heated underground parking make this an easy choice. The building is
Hi Everyone! It’s Serge here, with eXp Realty, and FindMyHouse.ca. Today I wanted to briefly talk about Buyer Representation Agreements. What They are and how you benefit from this Agreement.
Once you have made the decision to buy a house you will need to Work with a Realtor. Law in Alberta require him or her to Explain Buyer Representation Agreements with you.
These written agreements are designed to protect you and to ensure your best interests are realized. They describe the relationship between yourself and your Realtor, holding the Realtor accountable for their Duties, Responsibilities, and the services that they provide to you. Most importantly, they are legally enforceable making sure you are legally Protected.
Before the weather grows colder it’s important to prepare for the winter months to prevent costly damage. Below are the fall preventative home maintenance steps that every homeowner should follow.
Gutters and Downspouts
Clean gutters and downspouts frequently throughout fall to prevent build up of leaves and other debris. Neglected gutters can lead to wood rot problems and pest infestations, not to mention ruined gutters.
Be sure water is not coming down behind gutters and that all support brackets are securely in place.
Ensure that water drains properly and doesn’t pool. Pooling can cause damage to foundations, driveways, and walkways.
Windows and Doors
Change summer screens to cool weather storm windows and doors.
I don’t think anyone would be surprised to hear me say that the Edmonton real estate market continues to be weak, and continuing it’s downward trend.
The month of September has not been kind. So far with a couple days left in the month there has only been 332 single-family homes sold. That is a 14% drop in sales from September 2018.
Year to date we have had 3,702 in comparison to 3.953 last year. With that in mind based on the number of members of the Realtors Association of Edmonton that would equal to just one home sale per agent.
The other significant number is the average selling price, which this month has been at $362,000 a drop of 6.85% from the same time last year. But remember that average sales price is different from home valuations.
