You could win the ultimate road hockey prize pack.
Plus, one lucky winner receives signed Connor McDavid stick & gloves! (Upper Deck authenticated, Connor McDavid signed items.)
Click here to enter: https://blog.remax.ca/likeapro/?mcid=101968636
No purchase necessary. Ends March 2 at 11:59pm ET. Open to Canadian residents, excluding Quebec. Void where prohibited. Official rules at blog.remax.ca/likeapro
Sponsored by RE/MAX Promotions, Inc.
#PlayLikeAPro
GAME ON! 🏒🥅 You could win an ultimate road hockey prize package + signed Connor McDavid gear in the RE/MAX Play Like a Pro Contest! Let me know if you need any modifications or formatting changes!
Dear Friends,
We’re fully in the middle of winter now, and many of us are thinking about summer days and spending time outside in the fresh air. Why not bring a little bit of that outside enjoyment into your home? In this month’s newsletter, we’ll look at some big plants you can grow indoors that will add a little colour and style to your living space.
If you haven’t already received it in the mail, property tax assessment notices are sent out in January. Make sure to check out the main guide below for tips and direct links on key deadlines to remember, payment options available to you, and how to appeal your notice if you disagree with your assessment.
As always, give me a shout if you have any real estate questions. Talk soon!
The housing market is always evolving, and staying ahead of the trends is key whether you’re buying, selling, or simply keeping an eye on your investment. The 2025 RAE Housing Forecast has revealed some insightful trends that could reshape our local market. In this video, I’ll break down the top three takeaways from the forecast and highlight two major mortgage changes that are poised to make a big impact.
Edmonton trusts McDavid to lead us to victory and McDavid trusted RE/MAX River City to find his family home ❤️🏒
Dear Friends,
Happy New Year!
I hope 2025 is off to a great start! Speaking of the future, have you gotten your hands on a VR headset yet? The technology that was once purely science fiction is now transforming how we live, work, and even buy homes. This month's newsletter explores how virtual reality is changing real estate and home living.
In real estate news, there's positive momentum as the Bank of Canada cut rates again by 50 basis points, bringing welcome news for buyers and homeowners alike.
And looking ahead into 2025, we'll cover this year's Color of the Year and how this trending shade might inspire your next home project or renovation.
As always, I'm here to help with any real estate questions you have! Enjoy the newsletter!
Dear Friends,
Have they started playing holiday music at your local malls yet?
This month’s newsletter features resources covering all aspects of health care in the city. Whether you're looking for a family doctor or you need urgent care, you’ll find official links for quick and accurate information.
In real estate news, the Canadian government has once again announced changes to mortgage rules. And if you're using a property for Airbnb, be sure to review a new rule change that could significantly cost you money when you sell your property.
And finally, with the holiday season fast approaching, we explore the history of holiday lights, from simple candles to modern outdoor projection systems.
Enjoy the newsletter and reach out to me with any questions!
Dear Friends,
There were a ton of important changes last month in real estate news.
The Bank of Canada once again lowered its key interest rate - this time by 50 basis points to 3.75%. There were also some interesting changes to mortgage rules that will allow homeowners to refinance up to 90% of their property value to build a secondary suite.
Alberta also increased their land transfer tax and mortgage registration fees.
In this month’s newsletter, I’ll share tips and resources on how you and your family can prepare for an unforeseen emergency in the city. You’ll also learn how to prepare a 72-hour kit with important items in case disaster strikes.
Additionally, I’ve included a quick guide to the various types of door locks available. From traditional deadbolts to smart locks, understanding the options can help you secure your home more effectively and give you peace of mind.
As always, if you have any questions, feel free to reach out to me!
The Canadian condominium market has been experiencing significant changes in 2024, with an increase in inventory, fluctuating prices, and shifting buyer dynamics. Between January and August 2024, RE/MAX analyzed condo activity in seven major markets across the country, including Greater Vancouver, Fraser Valley, Calgary, Edmonton, Greater Toronto, Ottawa, and Halifax.
A key trend emerging from the report is the double-digit increase in condo inventory in most major cities, as sellers anticipate stronger demand heading into Q4 2024 and early 2025. The highest inventory growth was seen in:
• Fraser Valley (+58.7%)
• Greater Toronto (+52.8%)
• Calgary (+52.4%)
• Ottawa (+44.5%)
• Edmonton (+17.7%)
• Halifax (+8.1%)
• Vancouver (+7.3%)
Despite this rise in inventory, condo values have remained relatively stable, with price increases recorded in Calgary (+15%), Edmonton (+4%), Ottawa (+2.3%), Vancouver (+1.9%), Fraser Valley (+1.9%), and Halifax (+1.2%). Meanwhile, Toronto was the only major city where average condo prices dipped (-2%) compared to the previous year.
One of the biggest takeaways from the report is Edmonton’s impressive surge in condo sales. The city recorded a 37% increase in condo sales compared to 2023, marking its strongest performance in the past five years.
1. Affordability – Edmonton remains one of the most affordable real estate markets in Canada, attracting first-time buyers, investors, and out-of-province buyers from Ontario and B.C.
2. Migration Trends – A growing number of Canadians are moving to Alberta due to its lower cost of living, employment opportunities, and business-friendly environment.
3. Investor Interest – Unlike many other Canadian cities where investor activity has slowed, Edmonton has bucked the trend. Investors are taking advantage of the city’s low development costs and strong rental demand, revitalizing older condo stock and renting units out at competitive rates.
4. Steady Price Growth – With condo values increasing by 4% year-over-year, Edmonton continues to show resilience, making it an attractive market for both end-users and investors.
While Edmonton saw the largest percentage increase in condo sales, Calgary also posted modest gains, with sales rising 2.6% compared to 2023. However, other major cities saw condo sales activity slow, reflecting cautious buyer sentiment and economic conditions.
Toronto, in particular, remains in a more sluggish market phase, with investor activity slowing due to high mortgage carrying costs. According to RE/MAX, as many as 30% of investors in Toronto have experienced negative cash flow on rental properties, making them hesitant to expand their portfolios until interest rates decline further.
Despite buyers returning to the market, many remain hesitant due to high borrowing costs. The first two Bank of Canada interest rate cuts in 2024 had only a limited impact on buyer confidence, as the overall interest rate environment remains high. However, further rate reductions expected in 2025 could act as a major catalyst, bringing:
• More first-time buyers into the market
• Stronger investor confidence as mortgage carrying costs ease
• Increased demand for affordable condo units
According to RE/MAX Canada President Christopher Alexander, this moment represents a unique opportunity for first-time buyers, as investor activity has slowed in markets like Toronto and Vancouver, reducing competition for entry-level condo units.
1. Inventory is Rising, But So Is Demand – While new condo listings have surged, interest from buyers remains strong, especially in Alberta.
2. Edmonton and Calgary Are Seller’s Markets – These cities continue to see high demand and price growth, while Toronto, Vancouver, and other major markets remain more balanced.
3. Interest Rates Will Be a Game Changer – The expected rate cuts in 2025 will likely fuel stronger condo sales, particularly in entry-level price ranges.
4. Investors Are Watching Closely – While investor activity has slowed in some cities, Edmonton is bucking the trend, attracting out-of-province buyers looking for more affordable investment opportunities.
5. Immigration and Urbanization Will Keep Demand High – As Canada’s population grows, condos will remain a key part of urban housing solutions, especially in high-density cities.
The Canadian condo market is undergoing a transition, with rising inventory, shifting buyer dynamics, and expectations of future interest rate cuts shaping its trajectory. Edmonton stands out as a leader in sales growth, while cities like Toronto and Vancouver are waiting for market conditions to improve.
Whether you’re a buyer, investor, or seller, the condo market presents both opportunities and challenges in 2024. Keeping an eye on interest rates, inventory trends, and regional price movements will be crucial in making informed real estate decisions in the months ahead.
Dear Friends,
Exciting news for home buyers across Canada!
The government is rolling out major mortgage reforms to help the younger generation achieve homeownership, including longer amortization periods and higher mortgage limits.
In this month’s newsletter, I’ll be sharing three scenic hiking spots around Edmonton that offer a perfect escape from the daily grind. With some of these trails showcasing stunning fall foliage, make sure to have your phone charged for beautiful autumn photos.
Be sure to check out our monthly real estate market update, a new featured neighborhood, recent news, and local events to enjoy this Thanksgiving and Halloween. Don’t miss the section on pumpkin art—you’ll be amazed at how far pumpkin carving has come!
As always, if you have any questions, feel free to reach out to me!
Dear Friends,
We’re starting to see a bit of light at the end of the tunnel!
Last month, the Bank of Canada announced another rate cut and introduced a 30-year amortization program—great news for home buyers everywhere!
In this newsletter, I’ll share how the Edmonton Transit Service can be a great, affordable way to get around. Plus, you’ll find a quick update on the real estate market for this month, a featured neighborhood worth checking out, and some local news and events.
If you have students at home, don’t miss the tips at the end for setting up a study space that works.
As always, if you have any questions or need help with anything real estate-related, feel free to reach out. I'm here for you!
Dear Friends,
I hope you're enjoying the summer sunshine! I'm excited to bring you this month's newsletter, packed with insights to help you navigate our dynamic real estate market. You'll also find a list of exciting local events and the latest real estate news to make the most of your summer.
My main article dives into how top elementary schools in the area are shaping real estate decisions – a must-read if you're considering a move.
Plus, I've featured another interesting neighborhood spotlight and included a handy guide on selecting the perfect front door material to boost your home's curb appeal.
As always, I'm here for any questions or real estate advice you might need. Whether you're curious about market trends or ready to start your home search, feel free to call or text me anytime.
