Blog - edmonton

What to Do When Closing Dates Don’t Match

If you want to sell your current property and purchase your next dream home, you might wonder whether the closing dates need to be on the same day. You might even be worried that you’ll lose a property if the closing dates overlap, or you’ll be put out on the street if the dates are far apart!

For the most part, these concerns are unfounded. Thousands of properties change hands daily, and everything usually works out just fine. It’s amazing how often closing dates match!

But what happens if the closing date of the home you want to buy is days or weeks earlier than the closing date of your own property? Most lenders anticipate this situation and offer something called “Bridge Financing.” A special loan allows you to purchase the property…

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February Housing Statistics: "Edmonton Housing Sales See Strong Month-Over-Month Increases"

Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for February 2023 decreased 43.4% compared to February 2022 but saw an increase of 31.2% from January 2023. New residential listings were down 12.9% year-over-year from February 2022, while also noting an increase of 15.1% from January 2023. Overall inventory in the GEA was up 20.8% from February of last year, and up 8.5% from the previous month.

For February, detached unit sales were down 50.9% from February 2022, but saw an increase of 24.4% from January 2023 at 725. Semi-detached unit sales were down 47.7% year-over-year but increased by 50% from January 2023. Row/Townhouse unit sales also decreased 33.9% year-over-year and increased 26.4% month-over-month.…

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January Housing Statistics: "YEG Housing Market Sees Stable Transition Into New Year"

Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for January 2023 decreased 25.8% compared to January 2022 and saw a small decrease of only 0.2% from December 2022. New residential listings were up 8.5% year-over-year from January 2022, while also noting an increase of 94.8% from December 2022. Overall inventory in the GEA was up 13.2% from January of last year, and up 5.3% from the previous month.

For January, detached unit sales were down 32.1% from January 2022, but saw a small increase of 1.4% from December 2022 at 583. Semi-detached unit sales were down 35.9% year-over-year but increased by 2.0% from December 2022. Row/Townhouse unit sales also decreased 5.7% year-over-year and increased 10.4%…

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People Are Sharing Why They Chose To Live In Edmonton Over Calgary & It Was Pretty Brutal

Moving to a new city is a big deal, and deciding where to pick can be tricky. A Redditor asked Edmontonians that chose the city over Calgary for their reasons why and people didn't hold back.

The Reddit post asked people to share why they preferred Edmonton over Calgary as a person that had visited both cities didn't see much of a difference.

"Calgary downtown is nicer, but otherwise, both cities are very similar," the post said. "I feel more at home in Edmonton because it’s not trying to be Toronto."

People on Reddit were pretty vocal about their decision to move to Alberta's capital, Edmonton, over Calgary, and the debate got heated.

For many people, moving to Edmonton over Calgary was mainly a financial decision as housing in the city…

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11 things to do in and around Edmonton this week (December 19-23)

It’s the last week before Christmas! If you need a break from shopping, grab your loved one/s, and head out to the events around the city all week! Here are the best things to do in and around Edmonton this week.

A LIGHTLY CLASSICAL CHRISTMAS

Get deep into the holiday spirit at this Christmas concert! Described as a “pageant of richly orchestrated carols through the centuries and around the world performed by the orchestra and the Richard Eaton Singers,” you can expect everything from Silent Night and O Come All Ye Faithful to sacred hymns like O Sanctissima and Break Forth, O Beauteous Heav’nly Light.

When: Thursday, December 22nd and Friday, December 23rd
Where: 4 Sir Winston Churchill Square
Cost: $32+

LUMINARIA

Luminaria is still…

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3 Lists to Make When Selling Your Home

When you put your property up for sale, you want to make sure that potential buyers get all the information they need on the features of your home and its surrounding area. If, for example, a buyer doesn’t realize there is a great school just a couple of blocks away, he might cross your property off his shortlist.

An effective way to make sure something like that doesn’t happen is to create three lists.

#1: The “I’ll Miss It” list.

Chances are, there are things about your home that you’re really going to miss when you move. It may be the spacious living room, ideal for entertaining. Or maybe it’s the nearby park with scenic trails, perfect for walking and biking, or the large deck that has just the right combination of shade and sun to make…

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