Edmonton Skyline If you’re looking to buy or sell a home in Edmonton, understanding how the city’s infrastructure projects are affecting the real estate market is crucial. Edmonton is undergoing significant changes with major developments like the Valley Line LRT, Yellowhead Trail upgrades, and suburban expansion along Anthony Henday Drive. These projects are transforming neighborhoods and influencing property values across the city. Here’s how these changes could benefit you as a buyer or seller in Edmonton’s growing real estate market.

The Valley Line LRT Expansion:

Increased Property Value and Convenience One of Edmonton’s largest ongoing infrastructure projects is the Valley Line LRT, connecting Mill Woods in the southeast to Lewis Farms in the…

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In September 2024, the Greater Edmonton Area (GEA) real estate market saw 2,256 residential unit sales, a 12.6% decrease from August. New residential listings totalled 3,215, down 4.6% from the previous month, while overall inventory fell 1.7%.

Detached homes recorded 1,299 sales, an 11.1% decrease from August. The average price for detached homes was $552,684, up 1.3% from the previous month. These homes averaged 37 days on the market, an increase of two days from August.

Semi-detached homes saw a 15.8% decline in sales from August, with an average price of $413,252, down 0.3%. The average time on the market they remained unchanged at 30 days.

Row/townhouses experienced a 15.4% drop in sales compared to August. The average selling price was…

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Sustainable Real Estate: How Edmonton Realtors Can Help Buyers Go Green

As awareness of environmental sustainability grows, homebuyers are prioritizing eco-friendly features when purchasing properties. In Edmonton, where green living is on the rise, sustainable homes are becoming a hot commodity. Realtors have an opportunity to lead this movement by guiding buyers toward environmentally conscious homes that reduce carbon footprints and offer long-term cost savings. Here’s how Edmonton realtors can connect buyers with energy-efficient, eco-friendly homes.

1. Energy-Efficient Appliances

One of the primary features eco-conscious buyers look for is energy-efficient appliances. These include ENERGY STAR-rated refrigerators, dishwashers, and HVAC systems. Certified by Natural Resources Canada, these appliances can reduce…

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When buying a home deciding whether to pay cash or finance through a mortgage is a significant decision. As a local Edmonton realtor, helping clients weigh the benefits and drawbacks of paying cash is crucial. Understanding the Edmonton real estate market and the pros and cons of cash purchases can guide homebuyers in making the right choice.

Pros and Cons of Paying Cash for a Home in Edmonton: A Realtor's Perspective

Pros of Paying Cash for a Home in Edmonton
  1. No Mortgage Payments: The most notable advantage of paying cash is eliminating monthly mortgage payments. This offers financial peace of mind, especially for buyers who want to avoid long-term debt, particularly in Edmonton’s stable housing market.
  2. Faster Closing Process: Edmonton cash transactions generally close faster because they bypass the loan approval…

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Edmonton’s housing market is booming, with new homes being built at a record-breaking pace. The latest data from the Canada Mortgage and Housing Corp. (CMHC) reveals over 10,000 new housing starts from January to July 2024, with all housing types seeing a surge in demand.

Single-family detached homes are leading the way, with starts up 67% compared to last year, while semi-detached homes and townhomes have also experienced strong growth. Apartment construction has seen a 71% increase, driven mainly by rental properties, which are up by 75%. Even the often-overlooked condominium market is bouncing back, with a 42% rise in new builds as more buyers turn to affordable options.

New zoning laws have further fueled development, allowing builders to…

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