Buying a home can be risky from a financial and emotional point of view. Our educational blogs are intended sure to make your experience and home buying journey is enjoyable plus rewarding...

Why do you need to move? Do you want something bigger, smaller or in another location? Or do you want to leave renting behind and become a homeowner? Whatever it is, think hard and long before you enter the market.

Because if you do enter the market, you will need to behave in ways that may make you uncomfortable. However, if you act appropriately you will succeed in the current hot market that is metro Edmonton and find your dream home

Here are 4 ways you can be successful:

1. Be Assertive

This market is not for looky-loos. By all means look at a few homes before making a choice, but do spend a great deal of time exploring all possibilities with your REALTOR® before you even start to go out shopping. Be willing to look at fewer homes. Be…

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Its February 2022 and we talk with prospective home owners every day. Some are starting to express concern at rising prices. Some are suggesting they will wait until the ‘boom’ is over.

This could be a big mistake. The Edmonton and area market is 2 years into its current UP cycle and history suggests that a full cycle is around 7 to 8 years. In other words, there is lots of UPSIDE yet to come.

If you are in a position where you can commit to living in your home for 5 to 10 years I suggest you do it now. Here are 3 solid reasons why:

1. You start building wealth the moment you assume ownership

2. At the current time (February 2022) you will have less competition from other buyers. Most buyers start shopping in May. You don’t have very…

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1.  Quick Access to New Listings

Don’t rely on REALTOR.ca. This website is managed by the Canadian Real Estate Association (CREA) and it’s a good tool. But! Often it receives listings updates 24 hours and sometimes 72 hours AFTER a listing hits the market. You need a local REALTOR® and to be registered on a LOCAL website in order to get listings updates within a few minutes. In a market with low inventory, you must have your finger on the button to beat out other buyers.

2.  Exclusive Access to Unlisted Homes

There’s a hidden market. A good local REALTOR® will know which homes were up for sale in the past and did not sell. A good local REALTOR® will approach the owners of homes you really like in a particular neighbourhood and ask if they…

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Affordable homes in the Elmwood area of Edmonton can be hard to find. We have just listed this one for sale at 8603 164th Street NW Edmonton. Click the link to read the details. Exclusive Home Listed by Ambergate Realty Advisors. 

To see ALL homes listed for sale in Elmwood click this link: ALL Homes listed.

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When I reviewed the market stats yesterday, there was 1799 condos for sale across the whole of Edmonton that’s 4% down when compared to January 2021.

And there were only 1510 single family homes for sale, down 18% on this time last year.

What does this mean for you?

If you are a home or condo seller this could be your time. Values are edging up nicely and you may receive more than you were expecting.

If you are buyer, you may have to make compromises and be willing to pay more than you had hoped for. Unless more inventory enters our market, you may have to pay even more if you wait until Spring.

To discuss your own situation in more detail, please contact your Advisor Partner, or reach out to me directly. I am always pleased to help.

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COMING SOON! This home will be on the market over the next week, with an asking price of between $720,000 to $730,000 according to the owner.

If you want to see inside this home, please call this office at 780-760-2014 x3 or fill out the contact form below...

Originally owned by Mr. Gullion who hailed from the Orkneys in Scotland, Mr. Gullion came to Edmonton as a former worker for The Hudson’s Bay Company. He purchased one of the river lots. Today the home is listed as a ‘Municipal Historic Resource. You can read more about that program by clicking this link Edmonton Resource Link. There are restrictions on how you can change the exterior. On the inside you will enjoy more leeway subject to program rules.

Based on my tour, I would describe…

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On a regular basis people to chat with grumble about the high cost of housing. Sometimes they lament for years gone by when everything was so much more affordable. Of course, this is really all in our heads. Of course, everything cost less years ago, but incomes were also much lower too.

A better comparison might be to look at the cost of homes in Edmonton relative to other cities across Canada. Again, on a regular basis I chat with people who have moved to Edmonton from cities like Toronto or Vancouver because its much easier to afford a home at all when compared to those cities. I have also heard that the amount of disposable income (after housing costs) is much higher than in other cities so perhaps we enjoy a higher standard of living too?

I…

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If you need a new home, January it might be smart to buy one rather than wait until Spring. If you think outside of the box, you may benefit in several ways. Here's why.

1.  Less Competition

How would you feel if you wait until Spring to find your dream home only to have it snatched away by a competing buyer? The single-family re-sale market has been hot for the last 18 months driven to a significant extent by the Covid pandemic. The best homes will get snatched up quickly and with multiple offers, especially during the main selling season which usually runs from about May to September. Why not consider being one of the few buyers active now and potentially pick up a bargain too? If you buy a home in January, you will enjoy the strong…

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Unless you really need to, I would not advocate that you sell your condo at this time. Unfortunately, we don’t see values improving anytime soon.

On the other hand, if you like the idea of condo life or if you are an investor this could be the time to buy. There is a large selection of condos for sale at bargain basement prices.

This is due to a chronic over supply relative to this time last year and because COVID 19 has made apartment style living and in the downtown core in particular less attractive.

We are betting however as we move through the final stages of this pandemic that condo living and investing in condos for reasons of convenience and affordability will turn the market around. Perhaps in 2 to 3 years time.

For now, however I…

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You are registered on several real estate websites, you scour REALTOR®.ca every day and you drive round your favourite neighbourhood looking out for For Sale signs every few days. You are confident that you know every home available to you.

This would be a reasonable assumption, but it’s not accurate.

Did you consider that there might also be a hidden market too? Accessing this hidden market takes some ‘insider knowledge’ and a proactive approach.

There are 3 main components to the hidden market

1. Unsold Listings

If you are working with a REALTOR® that knows your chosen target community well, they will be aware which homes were on the market recently and subsequently did not sell, (usually because the seller was too ambitious on…

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