Friday, June 24, 2011

Job seekers heading back to Alberta

According to this Globe and Mail article, Statscan reported that after a two year lull Alberta now registers as the province with the fastest first quarter job growth in Canada.
The majority of migrants are coming from Atlantic Canada and other prairies provinces.
The recent information release by Stastcan furthers the speculation that Alberta may soon see another boom. If we are seeing an increase in migration, it only makes sense that the individuals moving here will increase the demand for housing. With current interest rates so low and the potential for rising house prices and higher interest rates as the economy picks up steam, maybe NOW is a good time to get into your first home!
If you are a first time buyer thinking about taking the property plunge, now might be a good time to do so.
Please contact me should you require mortgage information or a pre-approval.

Wednesday, June 22, 2011

Flaherty: No more changes to mortgages

Jim Flaherty, Canada’s Finance Minister, announced that he does not have plans to tighten mortgage rules any further. Flaherty stated that the country’s housing market remains healthy following the implementation of tightened mortgage rules last March.

The statement comes about following new numbers released by the Bank of Canada on Monday showing that Canadian debt levels have reached record levels during the first quarter of 2011. According to Mark Carney, governor of the Bank of Canada, Canadians have leveraged themselves so much our debt levels are now in line with the United States and England. His concern? When interest rates inevitably rise, a large number of Canadians will be vulnerable to an economic shock.

Monday, June 13, 2011

Weird and wonderful facts about Edmonton!

I was browsing around the internet, trying to find the latest statistics on the population of the Capital City; I came across the Wikipedia page dedicated to all things e-town and I learned some surprising new things about the city:

-Edmonton has the highest per capita area of parkland in any Canadian City! The river valley is 22 times larger than New York’s Central Park.

-The Edmonton Composting facility is the largest of its type in the world! I’m embarrassed to say this, but I didn’t even realize Edmonton composted at all! My bad.

-Westmount mall was the first mall in Canada. So, that explains why Edmontonian’s love to shop!

-The first inhabitants settled in the area that is now Edmonton around 3,000 BC and perhaps as early as 12,000 BC, when an ice-free corridor opened up as the last ice age ended and timber, water, and wildlife became available in the region.

- Being stuck on the Anthony Henday on plenty of occasions has given me time to wonder "who was Anthony Henday" and "why have we named this parking lot after him"? Now I know! In 1754, Anthony Henday, an explorer working for the Hudson's Bay Company (HBC), may have been the first European to enter the Edmonton area.

-Edmonton has wacky weather. It is definitely a place of extremes. The highest temperature recorded within the City of Edmonton was 38.3 °C (100.9 °F), on August 5, 1998. The coldest temperature ever recorded at city centre was −40.6 °C (−41.1 °F) on January 26, 1972, this was the only time since recordings began in 1953 that city centre has recorded a temperature below −40 °C (−40 °F). The coldest overall temperature recorded in Edmonton was −49.4 °C (−56.9 °F), on January 19 and 21, 1886.

If, you are considered a move to Alberta’s Capital City, or are looking to learn some new things about Edmonton, the Wiki page is a great resource!

The perks of using a real estate agent

With the Competition Bureau pushing for a more publicly-accessible Multiple Listings Service (MLS), and for-sale-by-owners sites, such as Property Guys, picking up steam, you may be tempted to forgo the services of a real estate agent and tackle your home sale yourself.
Before you invest the inevitable time and money to this endeavour, however, you may want to reconsider the pros of using a real estate agent.
If you’re a seller...
- With an estimated 85% of homebuyers opting for the services of a real estate agent, a selling agent (and his/her fellow colleagues) have more access to potential buyers. This means more Open House traffic, more ad visibility, and more of your ideal buyers coming through your door.
- While your home may look perfect to you, it may not meet the style and trend preferences of today’s buyer. Because real estate agents are in tune with the latest must haves, and deal with modern buyers on a day-to-day basis, they can offer the fresh set of eyes your home needs. This translates into simple but successful self-staging ideas that have the potential to move your home much quicker.
- Listing at the right price is crucial if you want to sell your home as quickly as possible. Because real estate agents have access to past sales and comparables, they can help you find that magic number that will get the right people through the door.
If you’re a buyer...
- Purchasing a new home can be daunting (and a lot of hard work) if you’re not quite sure what you’re looking for. A real estate agent who specializes in your ideal area is up-to-date on the homes for sale in your market. As a result, they can save you a lot of legwork and show you homes that fall in line with what you’re looking for.
- Because they know the ins and outs of specific areas (and surrounding areas), they may be able to help you find your dream home in an unexpected place.
- Real estate agents negotiate for a living and yours will negotiate hard in your favour. Depending on the circumstance, they may also add in certain clauses that will make the sale as beneficial to you as possible -- such as closing timelines and other conditions.

-Axiom Mortgage Partners

Thursday, June 9, 2011

Best place to raise a family in Canada? St. Albert!

Today’s Parent magazine has voted St. Albert as the best place to raise a family in Canada in their most recent issue.

As a long time resident of the community, I agree that it is a great place to call home! I can attest that the small city is very well maintained, with loads of beautiful trails and parks (including a newly renovated outdoor water park and skateboard park) as well as great community events such as the amazing farmer’s market and International Children's Festival in the summer. St. Albert also has fantastic winter activities including an abundance of outdoor skating rinks in a variety of neighbourhoods as well as a great cross country ski trail in the Riverlot 56 Natural Area (also a favourite summer walking route of mine).

The recently built Servus Place is a great community fixture where residents can exercise, swim or participate in a variety of team sports including hockey or indoor soccer. Last weekend I had the pleasure of visiting the nearly complete Enjoy Centre, a beautifully designed space that will house a variety of businesses including the Prairie Bistro, a spa, yoga studio, organic bakery, a kitchen store and Hole's famous greenhouse. It truly is an amazing place and a great asset to the community of St. Albert.

I have always felt very safe in St. Albert and while I don’t have children of my own, I think it would be a great place to raise a family!

Read the Today’s Parent article here.