September Real Estate Statistics for Edmonton
Posted by Robert and Shawna Eskiw on
Edmonton real estate prices continue to be fairly flat with very slight decreases compared to August and this time last year. Going forward, the chair of the REALTORS® Association of Edmonton says “We expect to see listings and sales slow as winter approaches. We may begin to see the effects of slight downward pressure on prices, but do not expect to see any drastic movement as our market continues to remain stable. Sellers can expect to wait a little longer than previous years for their property to sell.”
For single family homes it took on average 54 days to sell with an average price of $430,461 and a median price of $397,250. This represents a slight decrease in average price of .9% compared to August, and .24% compared to September of 2015. Sales…
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Department of Finance announces yet another mortgage qualification rule change
Posted by Robert and Shawna Eskiw on
Announced today by the Government of Canada's department of Finance, home-buyer's are going to see some changes in how their mortgage application is processed come October 17, 2016. This comes as no surprise with recent news that Canadians are taking on more than they can handle when it comes to financial debt. These changes will ensure home-buyers qualifying for mortgages can actually afford them. All Canadian Insured mortgages (mortgages that have less than a 20% down-payment), this is not mortgage insurance, will now have to undergo a "stress test". Prior to this change, 5 year fixed mortgages were exempt from this approval process but this is coming to an end. You now MUST qualify for the Bank of Canada's current benchmark rate which is currently…
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SOLD in Hamptons Community, in less than 30 days!
Posted by Robert and Shawna Eskiw on
4918 213 Street, Edmonton
Stunning two story half duplex located in the Premier neighborhood of the Hamptons. Walk in and be impressed with bright open concept floor plan that features, chocolate cabinets, granite countertop, upgraded appliances, hardwood & tile flooring, gas fireplace in living room, large dining area, half bath, main floor laundry/mudroom that leads to the attached double car garage. Upstairs has a large master bedroom with four piece ensuite, walk-in closet, two additional spare rooms, 4 piece main bath and bright bonus room. The front and back yard are fully landscaped with trees and shrubs, fully fenced with a deck off the dining area. Other wonderful perks on this turn key home is the central air conditioning & Central Vac…
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