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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

Looking for ways to improve your home without breaking the bank? Whether you're getting ready to sell your home or want to give your home a fresh new look for your own enjoyment, we've got ten simple ideas for home improvements on a budget to get you started! Keep this in Mind When it Comes to Home Improvements on a Budget The best way to improve home values on a budget is to do what needs doing–and nothing more. Why buy a new ceiling fan when replacing the blades will do? Why paint the entire interior of your home when a feature wall works just fine. This approach allows you to make several s ..read more

Have you ever wondered about Edmonton tax assessment vs market value? What do these terms mean, and how are they different? You'll find out in today's post! Paying property taxes, some say, is the beauty of owning real estate. At times, we meet people who want to sell their homes and use the value on their property assessment to determine the selling price of their homes. We also meet buyers who compare the asking price of a home with the city’s property assessment. However, your property tax assessment reflects the estimated market value of your property on July 1st of the previous year and ..read more

There are several reasons you might want to determine the market value of a home. Perhaps you're planning to sell your home, and you're wondering what to list it for. Or maybe you're looking into buying a home, and you want to ensure the property is priced fairly. Or maybe, you're simply curious. You could even be a combination of all of these things. But either way, there are several steps to take to help you determine the market value of a home, and we're going to tell you about them in today's post. We'll also cover important points like the difference between the market price and the mark ..read more