Alberta Real Estate

Found 18 blog entries about Alberta Real Estate .

When deciding to purchase a home, one of the key decisions homeowners face is whether to buy a new construction or opt for an older property. Both options come with their unique advantages and considerations. However, new homes often have several notable benefits that can make them an attractive choice for many buyers. Below, we’ll explore the advantages of buying a new home over an older one.

1. Modern Design and Layout

New homes are built with the latest design trends and layouts, focusing on functionality, open spaces, and modern amenities. From open-concept living areas to energy-efficient designs, these homes are tailored to meet contemporary preferences. They often include larger kitchens, walk-in closets, and additional bathrooms — features

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Aluminum wiring, once widely used in residential construction from the late 1960s to the early 1970s, is now considered a potential fire hazard and a serious electrical concern in many homes. While it was a cost-effective alternative to copper wiring during a period of rising copper prices, aluminum wiring presents a number of issues that can lead to dangerous conditions if not properly maintained or updated. This article explores the problems associated with aluminum wiring and why homeowners should be vigilant about its presence in their electrical systems.

1. Increased Risk of Fire

One of the most significant issues with aluminum wiring is its increased risk of fire. Aluminum is more prone to oxidation than copper, which leads to a buildup of

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gibbons real estate

Since July of 2024 till today, total of 25 single detached residential homes have sold via the MLS® system in Gibbons, Alberta.

The selling price ranged from $242,000 to $630,000. The average selling price was $382,791 and 280 per sq.foot, while the average list price was $382,384. It took on average 27 days for these Gibbons residential properties to sell. The average size of these sold homes was 1,393 sq.ft. and built in 1990. 8 of the homes were 2 storey, 5 bi-levels, 10 bungalows and 2 split levels. 17 had finished basements, 5 partially and 3 unfinished. The quickest sale took place in 3 days and the longest in 91 days.

All the information in this article has been provided by Realtors® Association of Edmonton and Derek Hulewicz Your

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fort saskatchewan homes

In the last 30 days, total of 21 single detached residential homes have sold via the MLS® system in Fort Saskatchewan, Alberta.

The selling price ranged from $300,000 to $685,000. The average selling price was $477,279 and 303 per sq.foot, while the average list price was $479,003. It took on average 32 days for these Fort Saskatchewan residential properties to sell. The average size of these sold homes was 1,639 sq.ft. and built in 1995. 11 of the homes were 2 storey, 1 storey and a half, 4 bi-level, 4 bungalows and 1 split-level. 10 had finished basements, 3 partially and 8 unfinished. The quickest sale took place in 2 days and the longest in 96 days.

All the information in this article has been provided by Realtors® Association of Edmonton

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cloverdale 2024

Since January of 2024 till today, total of 11 single detached residential homes have sold via the MLS® system in Cloverdale community, Southcentral Edmonton.

The selling price ranged from $380,000 to $1,350,000. The average selling price was $724,182 and 445 per sq.foot, while the average list price was $731,127. It took on average 75 days for these Cloverdale residential properties to sell. The average size of these sold homes was 1,731 sq.ft. and built in 1978. 3 of the homes were 2 storey, 2 two and half story, 1 three storey and 5 bungalows. 10 had finished basements and 1 unfinished. The quickest sale took place in 9 day and the longest in 273 days.

All the information in this article has been provided by Realtors® Association of Edmonton

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residence condos derek hulewiczSince January 1 of 2024 till today, 6 apartment style condos have sold via the MLS® system in The Residence at 9730 106 Street, Downtown Edmonton.

The selling price ranged from $100,000, 1 bedroom 459 sq.ft. unit on the 8th floor to $122,000, 1 bedroom 452 sq.ft. unit also on the 11th floor.

The average selling price was $107,083 and $229 per sq.foot, while the average list price was $113,250. It took on average 24 days for these condominiums to sell. The average size of these sold Residence condos was 469 sq.ft. The quickest sale took place in 8 day and the longest in 52 days.

If you would like to know which home have sold, for what price, and in how many days in The Residence, click >>> Condos Sold in The Residence ><<<  Absolutely FREE &

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Interest rates in Canada are a key component of the country's economic landscape, influencing everything from consumer spending to business investments. The Bank of Canada (BoC), the nation's central bank, plays a pivotal role in setting these rates, primarily through its benchmark rate known as the overnight rate.

The Role of the Bank of Canada

The BoC adjusts the overnight rate to manage inflation and stabilize the economy. When inflation rises above the target of 2%, the bank may increase interest rates to cool off spending and borrowing. Conversely, in times of economic slowdown, lower rates can stimulate growth by making borrowing cheaper.

Recent Trends

As of late 2023, interest rates have been rising in response to persistent

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Buying a home in Edmonton involves several key steps that require careful planning and consideration. The process can be streamlined by following a structured approach.

1. Assess Your Financial Situation Before diving into the housing market, it’s crucial to evaluate your financial health. Review your income, expenses, and savings to determine how much you can afford for a down payment and monthly mortgage payments. It’s advisable to get pre-approved for a mortgage, which will give you a clear idea of your budget and strengthen your position when making an offer.

2. Research the Market Edmonton's real estate market can vary significantly, with different neighborhoods offering unique amenities, schools, and community vibes. Research various areas

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