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

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

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

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

Since 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 &

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

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

In 2018, total of 796 single detached homes have sold via the MLS® system in Sherwood Park, Alberta.

The selling price ranged from $250,000, Sherwood Heights 1,550sq.ft. bungalow, to $1,304,000, 2,864 sq.ft. bungalow built in 1977 in Broadmoor Estates.

The average selling price in 2018 was $442,132 compared to $454,639 in 2017, while the average list price was $451,621. It took average 46 days for these Sherwood Park homes to sell compared to 42 days in 2017. The quickest sale occurred in a few hours of the property being listed and the longest in 322, nearly a year.

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

In the last 12 months, total of 374 single detached homes have sold via the MLS® system in Spruce Grove, Alberta.

The selling price ranged from $214,000, single wide mobile home in Spruce Woods, to $870,000, 3792 sq.ft. 2 Storey home built in 2017with triple garage in Kenton community. The average selling price was $386,574, while the average list price was $395,180. It took average 59 days for these Spruce Grove homes to sell. The quickest sale occurred in 1 day and the longest in 412.

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

Check out this video forecast for property values in Edmonton for 2019 by Alex Antoneshyn with CTV Edmonton.