Viktoriya Finkbeiner

We have had a great market in the last few months! It has really picked up in the lower price ranges of $300,000 and under and $700,000 and up! Hopefully we will stay busy for the rest of the year! Tune in!

Read up on my main page about sales and prices rising in February – great news for sellers!

Where is the boom? Everybody has been talking about it… but do you hink it’s coming? Submit your answers!!!

The REALTORS® Association of Edmonton reported that the all-residential average price for real estate sales through the Multiple Listing Service® (MLS®) in December was up 1.7% ($316,415) from a year ago. The average price of a single family detached home was also up 2.0% to $364,803 from December 2010. Relative to last December housing prices were up overall as well. As typical for December when sales usually fall off, month over month sales were down 27% and prices dipped 1.5% as compared to the November figures.

Edmonton, January 11, 2012: Doug Singleton, President of the REALTORS® Association of Edmonton announced the real estate industry housing forecast for 2012 at an industry seminar on Wednesday. He expects that the current stable market will continue through 2012 with prices and unit sales increasing slightly year-over-year and real estate transactions to follow typical month-to-month trends.

People will be more confident in Canada as well?… Even though i have to say that it’s been a great year. See this link for more info on US real estate market: http://www.remax.com/documents/insider/pr/2011/REMAXNationalHousingReport_Dec2011.pdf

There is a diverse array of real estate choices in Canada. Canada offers a high standard of living with an exceptionally a low cost of living. Hundreds of people move to Canada from other countries each year. Many investors seek and purchase property in this country for this very reason.
The land and property cost in Canada is relatively low when compared to other developed countries. This remains the case, even in the face of rising property values. There are many excellent investment opportunities in Canada in residential properties from homes to apartment rentals.
You must be informed on the property value trends before considering investing in a property. Location is key to investing in any property. Based on location, a property can be either more or less valuable so it is important to know the market. Hiring a good agent is a good first step.
A good agent will be able to show you exactly what you want based on the information they have regarding your preferences. Agents have listings that illustrate all of the available properties on the market. It is very important to know what you want and how you will utilized it. Will the property be used as a personal residence or will it be strictly an investment property that is rented to tenants.
Ir you are an investor that is from outside of the country, it is important to come to Canada and visit the locations you are interested in investing in property. Take a look at different homes and get a feel for what is available. It is important to narrow down a location where you would like to buy.
When deciding on an area, know what kind of area you are looking for. You may want to invest in an ares that is along he coast or you may decide to purchase property in the mountain provinces. There are also the northern provinces, that continue to enjoy high property values due to the cold winters. There is a lot to consider when looking to invest in a property.
Before you can even think about investing in property in Canada, you must make sure you have the ability to finance the deal. The more money you are able to put down on a property upfront, the greater the likelihood that the seller may work out a better purchasing price. The Canadian banks will typically ask for a 35 percent down payment. The bank will finance the property with a loan that is amortized over 25 years. It is important to note, when financing a deal, you will have to have very good credit.
It is a good idea to work with a real estate agent when looking for properties. They are trained to know the areas that will make the better investment. Agents are very easy to find. Most of the large, well known agents have an internet presence. When you are ready to invest, it is also a good idea to hire a lawyer to go over all of the contracts.

Great investment opportunity or if you are looking for a place to call home! Very reasonably priced lot in a new subdivision with architectual controls. Very private treed lot at the end of a cul de saq.

A bit of a slow market in November … But great expectations for the next year! Should be sellers market for the spring and steady growth for the rest of the year in Edmonton and area. Interest rates should stay low according to the Bank of Canada.

New listing coming tomorrow at $319,900. 3 level split with a huge garage and a big fenced yard!