Category: Uncategorized
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12 tips to help with your upcoming mortgage renewal
Renewing your mortgage can be stress-free and money-saving. Tips include starting early, exploring different lenders, understanding your current mortgage, researching rates, considering future financial goals, and negotiating for the best deal. Knowing fixed vs. variable rates, stress test requirements, and prepayment options are crucial. Short-term options, lump sum payments, and professional guidance can also enhance…
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Summer Real Estate Market Tips
Real Estate activity is up, ↑ 28.4% increase in inventory, creating more opportunities for buyers and sellers.Despite more listings, sales are slower.
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Evidence Backs Lower Borrowing Costs
Bank of Canada officials are considering gradual interest rate cuts. Policy rate was reduced to 4.75% in Late-Q2 based on underlying inflation.
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Millennials Lead Canadian Home Buyers
The avg age of a first-time home buyer in Canada is 36 yr. Baby boomers often seek smaller homes in small towns or rural areas.
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Changes are coming to mortgage rules. Will they help you afford a new home?
New mortgage rules effective August 1 allow first-time homebuyers 30 years to pay off insured mortgages for newly built homes, but experts believe this change won't significantly impact the housing market. While it may lower monthly payments slightly, high interest rates and down payment challenges persist. The government aims to address the housing crisis with…
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Edmonton No Longer Leads in Fastest-Rising Rent
Edmonton's rent ↑ 20.9% yearly, now $1,330 for a one-bedroom. Edmonton ranks 21st out of 23 in Zumper's list of most expensive Canadian cities for renters.
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Alberta’s Housing Boom Continues
Record increase in housing starts: 54% rise in first half of 2024, with over 21,500 new homes.Government reduces red tape: Policies aimed at lowering development costs and removing construction barriers.
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What’s trending in Edmonton real estate?
Edmonton's property values are increasing due to high housing demand from interprovincial immigration. Rental rates have risen, making it harder to find suitable rental properties. Buyers are choosing condos and newer homes for affordability. Apartment condos are relatively affordable, while townhome condos and rowhomes are popular for their space and affordability. Demand is shifting from…
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How Is Edmonton Outperforming in Real Estate in 2024?
Edmonton’s home sales ↑ 10% yearly, reflecting strong demand in the market. New listings in Edmonton ↑ 1% yearly.
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What’s Hot? Top Edmonton Real Estate Trends
Property values in Edmonton have risen due to record demand from interprovincial immigration. Rental rates have increased, and suitable rental properties are harder to find than 2 or 3-yr ago.