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Edmonton Real Estate Market Update May 2023 The Edmonton real estate market in May 2023 was characterized by: A decrease in sales activity, with 2,719 units sold, down 6.8% from May 2022. A slight increase in average prices, with the MLS® Home Price Index (HPI) composite benchmark price coming in at $378,800, an increase of 0.5% from April 2023, but a decrease of 8.4% from May 2022. A decrease in days on market, with detached homes averaging 40 days on the market and semi-detached homes averaging 37 days on the market. The decrease in sales activity was likely due to a number of factors, inclu ..read more

Pets have a more prominent role in our lives than ever before. Indeed, a study by the National Association of REALTORS® reported that 70% of households have a pet, but only 40% have a child under 18. Notably, 20% of all buyers even factored their pets into their real estate buying decision! As someone who has experienced pet-induced hiccups firsthand, I'd like to share some pet tips for both buyers and sellers in the real estate market. If You're a Seller with Pets When selling your home, remember: perception is reality. Your home should be a clean, distraction-free canvas for potential buyers ..read more

Let's get straight to the point: if you're investing in a condo, a condo inspection is non-negotiable. Why? Because this simple yet critical process can save you from nasty surprises (and expenses) down the line. But what exactly is a condo inspection? How is it different from a conventional home inspection? Is it really necessary? How much does it cost, and how do you find a reliable inspector? Let's dive in and address each of these questions. What is a Condo Inspection? First things first: a condo inspection is a comprehensive review of a condominium unit's condition. It's similar to a typ ..read more

As spring unfolds and summer draws near, it's the perfect time to rethink your outdoor living spaces. Transforming your backyard into a charming, low-maintenance sanctuary for relaxation, entertainment, and memory-making is more achievable than you might think, thanks to the advent of composite decking. 1. Unparalleled Durability Constructed from an innovative blend of wood fibers and plastic, composite decks are celebrated for their remarkable resilience. They effortlessly resist fading, staining, scratching, and mold - problems that frequently plague traditional wood decks. This durability ..read more

A heat pump cooling system, also known as a reversible heat pump, is a device that can provide both heating and cooling to a building. It works by transferring heat from one place to another, rather than by generating heat or cold directly. Here's a simple explanation of how it works: Heating Mode: In heating mode, the heat pump extracts heat from the outside air or ground (depending on the type of heat pump), even in cold weather. This heat is then concentrated and transferred into your home. Cooling Mode: In cooling mode, the process is reversed. The heat pump extracts heat from the inside o ..read more

Well, well, well, if it isn't the pesky cockroaches and their charming taste for invading our humble abodes. So, what's the secret recipe that attracts these little critters to our homes? Let me spill the beans, or should I say crumbs? First things first, these roaches are shameless foodies. They'll munch on anything and everything they can get their six legs on. So, if you've got exposed or improperly stored food lying around, consider it an open invitation to their little feast. Crumbs, leftovers, unattended pet food—it's like an all-you-can-eat buffet for these pests. But wait, there's more ..read more

If you're starting your search for a new home in Edmonton, you want to be sure you're choosing a home in a neighbourhood that has everything you're looking for. For example, good schools and lots of playgrounds could be at the top of your list of must-haves. Or perhaps living in a walkable neighbourhood is more important to you. But regardless of what you're looking for, this guide to Edmonton neighbourhoods will help you find the right fit. Your Guide to Edmonton Neighbourhoods Downtown (and surrounding areas) Oliver: One of Edmonton's oldest neighbourhoods, Oliver is packed with charm. It ha ..read more

Have you heard? The backyard office is the new way to go about your workday. Sitting in an office all day, many of us dream about grabbing our work and heading outside. Especially when the spring and summer months roll around. Since working from home has become far more prevalent, why not do just that? While adapting to “working from home” life, people have started moving their offices outside. And there are so many benefits to moving your office outside! You can get more natural light, fresh air, and privacy, for starters. And it’s no surprise so many people are considering this option—transi ..read more

Not sure whether to put more of your resources toward investing or whether you should pay off your mortgage faster? This "investing vs mortgage payments" dilemma is common for many Canadians. Investing or paying off a mortgage faster is one of the biggest questions many people want the answer to. It's a question most people struggle with in their quest for financial freedom. The truth is the answer to this question depends on different factors. Each situation is different, and you must understand your situation before you decide. If you'd like more information on whether you should invest your ..read more