By: Dennis & Heather Faulkner

NEW LISTING

Tags: NEW LISTING

Executive Condo is Strathcona - $305,000.00 ...Read More

By: Dennis & Heather Faulkner

WHAT ABOUT THE OIL?

Tags: WHAT ABOUT THE OIL?

Finally took a little time away from real estate to do some research on the Alberta economy as well as the national and international scene. I found it interesting that I am not the only economics guy rooting for Notley. Todd Hirsch? seems to also be hoping for quite a bit of good out of this government. I read an article in his blog where he outlines 3 threats to our oil industry. 1) Price. He ...Read More

By: Dennis & Heather Faulkner

EDMONTON HOME PRICES AND ALBERTA OIL

Tags: EDMONTON HOME PRICES AND ALBERTA OIL

I could create a compelling argument on how the slump in oil prices is a good thing for Alberta. We simply were growing too fast. Our infrastructure was being taxed to the limit. Labour was becoming overwhelmingly expensive putting our medium and small businesses under enormous pressure to meet demand and find staff. This pause in our ridiculous growth gives Alberta an opportunity to regroup an o...Read More

By: Dennis & Heather Faulkner

HOUSING PROJECTION IN EDMONTON FOR 2016

Tags: HOUSING PROJECTION IN EDMONTON FOR 2016

With the employment growth in Edmonton this year and expected growth for next the forecast is for real estate prices to increase for next year. Builders are raising their prices at the end of the month. Go figure. Walking through Southgate Mall or dining out at the Keg, you wouldn't think oil prices have went down at all. I guess with investments in the oil sands being 40 year projects it...Read More

By: Dennis & Heather Faulkner

2016 EDMONTON REAL ESTATE PROJECTION

Tags: 2016 EDMONTON REAL ESTATE PROJECTION

I'm beginning to believe that Edmonton will not only skirt a recession, but see price increases in real estate in 2016. CMHC's market analysis is projecting an increase in resale restate prices in 2016 with continued employment growth. With the Notley government making some bold moves and investing in Alberta we should continue to see strong employment numbers. Their approach to environme...Read More

By: Dennis & Heather Faulkner

FAQ -- CONDOS DOCUMENTS

Tags: FAQ -- CONDOS DOCUMENTS

  Q:  I am planning to sell a condo.  Who is responsible for obtaining the condo documents, where do I get them and how much money do they usually cost? A: Here is the standard wording in an offer to purchase.  It outlines that the seller provides the documents, and provides a list.  It is good to have these on hand as soon as you list your property, if not before.  ...Read More

By: Dennis & Heather Faulkner

EMOTIONAL VALUE OF YOUR HOME

Tags: EMOTIONAL VALUE OF YOUR HOME

“Home is where the heart is.” “Home sweet home.” “Home is where love begins…” It is clear that people have a distinct love affair with their homes. It is a place of rest, of comfort and of love. We choose our furnishings and decorate to reflect our own tastes. It becomes our safe place from the cruel world. We love our homes. That’s why selling them...Read More

By: Dennis & Heather Faulkner

CHANGES TO THE MORTGAGE RULES OCTOBER 2016

Tags: CHANGES TO THE MORTGAGE RULES OCTOBER 2016

It feels a little like salt was poured on the wounds of a province with a struggling economy.  If it were not hard enough for people to save up a downpayment on their first home, Ottawa, in an effort to reduce family indebtedness, felt it better for people to pay rent rather than a mortgage.  Thank you Ottawa. How are they doing this? Starting October 17th, borrowers who do not have 20...Read More

By: Dennis & Heather Faulkner

UPCOMING CHANGES TO CMHC MORTGAGE INSURANCE RATES

Tags: UPCOMING CHANGES TO CMHC MORTGAGE INSURANCE RATES

  CMHC CHANGES RATES AGAIN... It's nothing new. It's actually the 3rd time in only 4 years. CMHC has announced Changes to Mortgage Insurance Rates once again. And by changes, I mean increases.   New home buyers have to dig a little deeper. New home buyers have to dig a little deeper thanks to CMHCs new announcement. The government owned mortgage insurer said that the mino...Read More

By: Dennis & Heather Faulkner

CONDO FEES - HOW ARE THEY CALCULATED?

Tags: CONDO FEES - HOW ARE THEY CALCULATED?

Condo Fees – how are they calculated? If you are thinking of buying a condominium in Alberta, understanding condo fees is key to making good decisions. When you write an offer “pending the review of condo documents”, you will receive hundreds of pages of information. Knowing what makes up the condo fees will help you determine if the condo you are considering is a good buy or ...Read More