March sales rose to 2,664 units, a 10 per cent year-over-year gain and much higher than long-term trends. While new listings did pick up over last month, the 3,172 units were still below what we typically see in March and not enough relative to sales to drive any change in the supply situation. In March, the sales-to-new listings ratio rose to 84 per cent, and the months of supply fell below one month. 

“We have not seen March conditions this tight since 2006, which is also the last time we reported high levels of interprovincial migration and a months-of-supply below one month," said Ann-Marie Lurie, Chief Economist at CREB®. “Moreover, we are entering the third consecutive year of a market favouring the seller as the two-year…

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When you read or watch the news about the real estate market, it may seem reasonable to make the assumption that the information applies equally to your street or community. But, that isn’t always true. In fact, the characteristics of your local real estate market can differ in many respects from the regional or national market. Say the regional real estate market is most active during certain months of the year. That might be true of your neighbourhood, too. But, there may also be some caveats. If, for example, buyers are eagerly awaiting listings to come up in your community, then that micro market might heat up faster than other areas in the region. Knowing how your local market works and how it differs from the larger regional market is crucial…

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The Canadian real estate market offers a unique landscape for investors and homebuyers alike. One avenue that garners attention is purchasing foreclosed properties. Foreclosures, while often associated with challenges, can present lucrative opportunities for those who understand the process. In this guide, we'll delve into the nuances of buying foreclosures in Canada, offering insights and tips to navigate this complex but potentially rewarding market.

Understanding Foreclosures: Foreclosure occurs when a homeowner defaults on their mortgage payments, leading the lender to seize the property. In Canada, foreclosures are governed by provincial laws, each with its own set of regulations and procedures. It's crucial to choose a Realtor® with knowledge…

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So you've decided to jump head first into purchasing a home. Congratulations! It's time to take the first step in your home buying journey - getting a mortgage pre-approval to find out how much house you can actually afford.

You may be tempted to run to your bank and start the mortgage application process but there is another way that has some major advantages. Working with a Mortgage Broker is a great alternative and here are my top reasons why.

  • Mortgage brokers compare loans and rates from multiple lenders to offer you a greater selection whereas a traditional bank can only offer you their mortgage products.
  • Mortgage brokers (like Realtors) have your undivided loyalty and work in your best interest.
  • They may be able to offer you a discounted…

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With spring finally on the horizon, our minds turn to purging and cleaning. If you find yourself moving house or looking to get rid of some things this year, please consider the options below.
Edmonton Reuse Centre One of my favourite places to donate bits and bobs from around your house! It's free to shop at the REUSE Centre and they are committed to keep useful items out of the landfill and give them a second life. If you have children, this is a craft supply paradise. SPCA Donate your clean linens. The SPCA accepts towels, flat sheets and blankets (without stuffing). You can find additional items in demand on their website. Find This is a not for profit collecting furniture and household items to help Edmontonian's transition…

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Edmonton boasts a rich architectural heritage that reflects its diverse history and cultural influences. From historic landmarks to contemporary marvels, the city's skyline is adorned with an array of architectural styles that captivate residents and visitors alike. For those interested in real estate in Edmonton, understanding the distinct characteristics of each architectural style can provide valuable insights into the city's neighborhoods and housing market. Here's a comprehensive guide to the architectural styles you'll encounter in Edmonton:

 

1. **Craftsman**: Characterized by its emphasis on craftsmanship and natural materials, Craftsman homes are a staple of Edmonton's residential landscape. These charming residences often feature…

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