Edmonton Real Estate Blog

Soulful urbanism: a day in Edmonton’s Oliver neighbourhood

Image via Avenue Edmonton

Voted Edmonton’s second best neighbourhood by Avenue Magazine, Oliver is one of the oldest residential neighbourhoods in the city, and with more than 19,000 residents, it is also Edmonton’s most densely populated neighbourhood.

Early on in its development, Oliver was considered the city’s “West End,” but was later renamed after pioneer citizen, Frank Oliver. As Edmonton expanded, the neighbourhood of Oliver underwent significant redevelopment. Today, it is well-known for its diversity, vibrancy, and pedestrian-friendly environment, and is also a relatively young neighbourhood, with 20 to 29 making up its largest demographic (29%).

According to the city’s Oliver Area Redevelopment Plan, over the next 10 to 15 years,…

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Market Analysis: Consumer confidence in Edmonton strong, as unit sales increase!

Once again, we’re seeing seasonal market improvements in areas, and a very slight drop year to year. First, with single family detached homes, sales were up 19.3% from April, AND up 3.8% year over year, with just over 1100 selling in May. Condo sales were up 5.3% month to month, showing seasonal gains, but were down 18.2% year to year. In total, there were 1771 sales in the Edmonton CMA, which is up 18% from April and down less than 1% year to year. 

“Consumer confidence amongst home buyers in Edmonton and surrounding areas remains strong and is reflected by increased unit sales in the single family detached and duplex/rowhouse categories,” REALTORS® Association of Edmonton Chair Steve Sedgwick said. “Relative to other markets in Alberta,…

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5 things the Proctor Team is looking forward to most this summer

Summer in Edmonton is one of the best places to be in the world. The River Valley blossoms and the city seems to come alive with people and events. In fact, Edmonton recently picked up the nickname of Canada’s Festival City due to all of the world-class events that take place here over the summer months. Here are the top five things we are most excited to do over the summer in Edmonton:

1. Free Will Shakespeare Festival

From June 21 – July 17 the Heritage Amphitheatre in Hawrelak Park is taken over by the works of William Shakespeare. This annual production is presented by the Freewill Shakespeare Players, a not-for-profit theatre group in Edmonton, which has been giving our city a taste of Shakespeare since 1989.

This year, the festival’s…

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Infographic: 6 MORE must-visit coffee spots in Edmonton.

Our first infographic "Six hidden gems in Edmonton's ever-growing coffee scene" was such a huge hit with local Edmontonians looking for hidden coffee gems around the city that we decided to make a second version. As I said in the first one, one of the telltale signs of a bustling city is its coffee scene, and the amount of locally sourced, fantastic coffee shops is rapidly expanding in Edmonton. Plus, the excitement around these new shops, and the encouragement from people who saw my first infographic, is great to see. 

So here is the second edition! Enjoy!

Enjoyed the infographic? Don't hesitate to let me know on my Twitter, Facebook, Contact page, or call me, Chris Proctor, at 780-709-0811, and perhaps we can talk real estate over a coffee at one…

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How To Navigate A Buyer's Market

There’s no doubt that it’s buyer’s market in Edmonton right now. All the signs are present: inventory is high, home builder ads are getting bigger (with more attractive offers!), and mortgage rates are low. Here is how to make the most of this market if you’re on the hunt for a new home, and if you’re selling – well, be sure to keep these seller’s tips in mind.

Buying a Home

1. Take the time to do your research on what you want in a home. Think about all the features you’re missing in your current home and the details you’d hope to include in your new place. Do your research on which areas of the city you are interested in, which neighbourhoods you prefer, and which amenities you would like to be near. Because there is more supply than demand at…

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Market update for the month of April: Inventory up, but prices stable!

Despite the rising inventory, and a “buyer’s market,” prices remain stable in April. This is great news for sellers who have been concerned with selling in this type of market. 

REALTORS® Association of Edmonton Chair Steve Segwick said, “Buyers continue to have a great selection of properties to choose from and sellers need to be competitive with their listings. Continued lack of significant movement in the average house price is a good signal that Edmonton’s economy is strong."

The average SFDH prices in Edmonton sold for $439,982, which was slightly up over March’s and April 2015’s sales price. Listing and sales volume were down for SFDH were down year-over-year, but up from the previous month. 

“New listings were slightly down in…

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The Buying Process Broken Down - Here's what to expect!

So, you’ve made the decision to buy a home and now you’re wondering what the next step is. Buying a home is a huge investment (to say the least), so taking all the right steps to make sure you choose the perfect home for you and your family is key. Here are some of the most important things to keep in mind when you are about to make the biggest purchase of your life.

Know Your Budget
A thorough understanding of your financial standing is a crucial first step in the home buying process. Determining your fixed monthly expenses and how much of a down payment you are able to set aside will guide you to defining the appropriate price range for your new home. Using a household budget calculator can help identify the size of a monthly mortgage you will be…

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Infographic: Six hidden gems in Edmonton’s ever-growing coffee scene!

If one of the telltale signs of a bustling central core is the availability of unique, local coffee shops that are hotspots for residents, artists, business meetings, catch-ups, and refuel stations, then Edmonton has definitely started to make Canada-wide waves in the last two years.

Here's my selection for the six hidden coffee gems in Central Edmonton's coffee scene. 

Enjoyed the infographic? Don't hesitate to let me know on my Twitter, Facebook, Contact page, or call me, Chris Proctor, at 780-709-0811!

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Thinking of selling or buying a home yourself? Here's 7 reasons why you should call The Proctor Team

Selling your home is a big task, but working with a realtor will make that task a whole lot easier. From accommodating busy lifestyles, to getting through the legalities and paperwork, here are seven reasons why hiring a realtor is the best way to sell your home.

Sell Your Home For The Right Price

There’s more than meets the eye when it comes to understanding the true value of your home. Of course, an appraisal or property value assessment can set you on the right track, but working with a realtor will tell you exactly where your home stands in comparison to the other properties in the market. With an experienced eye, a realtor will identify the key characteristics that determine the overall price, and use that, in conjunction with the best…

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March Market Update: Prices relatively steady while spring sales push massive month-to-month improvement.

The most noteworthy month-to-month change was the difference in sales in the Edmonton CMA: there was a 63% increase in sales, going from 837 homes sold in February to 1364 in March, but down slightly, from 1453 sales, when compared to March 2015. 

“Sales, relative to last month, were consistent with the seasonal trends that we expect,” REALTORS® Association of Edmonton Chair Steve Sedgwick explains. “Inventory is growing, with more than 3,000 properties coming onto the market last month. Despite the inventory growth, prices are holding steady, with median prices on par with last year, and average prices up slightly due to the sale of high-end luxury homes in March.”

The average of all residential sales was 3% higher than in February and 2%…

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