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Real Estate Blog

As agents we are often asked "Why should we choose you to represent us?" Great question! Often agents will try  to over-sell them selves or guarantee things, but in truth nothing(especially now a days) is guaranteed. Whenever I get asked this, I recommend people do their research. Ask family, friends and colleagues if they have heard of a certain agent, check online, and take a drive around town to see what agents signs are out there. Have a look at their online profile on things like Instagram and Facebook to see what they are posting and if their values line up with your own. Just because you invite a realtor into your home don't feel as if you are obligated to give he/she the job, interview a couple different realtor's to see who best fits and aligns

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Effective April 6, 2020, Canadians expect to see changes in the "Stress test" 

These changes will impact anyone getting an insured mortgage, those putting down less than 20 per cent on a new purchase.

What is changing?

Right now people getting insured mortgages must prove they can afford a payment based on the benchmark five year posted rate. The Bank of Canada calculates this rate from typical big bank rates and it’s currently sitting at 5.19 per cent.

As of April 6 2020, a new benchmark rate will be used. It’ll be based on the country’s median five-year fixed insured mortgage rate, plus two per cent. If it were in existence today, it would be about 4.89 per cent, says the Department of Finance. That’s 30 basis points less than the

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In today's ever challenging market we are often asked "how do the housing prices stack up to year's past?" We pulled some recent stat's from the Central Alberta Real Estate Board which has sales number's on roughly 45,000 home sales over the past 10 year's and this is what we came up with. A recent slowdown in Alberta's economy has pushed the median sale price of a single family home to those of 2010 with a median sale price of about $280,000. We notice on the graph listed below that we have trended downwards in price from the peak of 2015. What does this mean?...………..

IT'S NOT ALL BAD-Yes we see homes prices trending down, but let's look at the upside. If you have been a diligent saver and your looking to enter the housing market, your buying

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With the rainy days of spring behind us (hopefully) and summer finally here, friends and families in our area have some pretty wonderful opportunities to take part in. As many of us in central Alberta already know, the Big Valley Jamboree is a hot spot for the latest and greatest country singer's. With over 100,000 people turning the wickets daily, there truly is something for everyone at this fantastic event. The Jamboree starts on Thursday August 1st with a kickoff party featuring Brother's Osbourne and Charlie Major. The concert lasts all weekend and wont disappoint.

For the golfer in the area, there are many courses to challenge every type of player. Some of our favourites are Silver Creek Golf Course https://silvercreekgolfcourse.com/ located in

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The government unveiled a multi-pronged approach to housing affordability that centres on the incentive plan, but beefs up an existing initiative that allows buyers to withdraw money from their RRSPs, and a variety of measures to boost the supply of homes on the Canadian market.

Opposition MPs and the real estate industry have been pleading with the government to do something to help younger buyers shut out of markets in cities such as Toronto and Vancouver. Some have suggested relaxing the mortgage stress test, which requires those seeking a loan to prove they can afford payments on a loan with interest rates two percentage points higher than the Bank of Canada rate, as a possible solution.

Finance Minister Bill Morneau said the government

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Looking to escape the "Polar Vortex?" Here are some upcoming event's in our city that will help you get out of the house. 

February 15 2019

  • The Augustana Volleyball team's are in action this weekend. "Join us for the Augustana Vikings Alberta Colleges Athletic Conference Men's & Women's Volleyball Regular Season Game vs. Keyano College at the University of Alberta Augustana Campus Gymnasium! The women's game gets underway at 6pm, followed by the Men's game at 8pm!" 

 

  • To celebrate its 10th year, Nordlys (Norwegian for “northern lights”) will once again be showcasing an eclectic blend of award-winning films from Canada and around the world. Opening the festival is Maudie, a biographical drama about the life of Nova Scotia folk

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Social Media...

In today's ever connected world the need for all of us to have our device on our hip 24/7 seem's to be increasing. With more and more companies going on-line and providing great content and product's readily available at the click of a mouse. It's estimated that in Canada there are over 31 million cell phone's. That's staggering!!! Yes the convenience factor is nice, there is no doubt about that, but there is still something to be said about walking main street on a cool fall day with a coffee and loved one in hand and "window shopping." We get so hyped up about missing a deal online, or the latest gossip story that pop's up on our browser, that we are slowly forgetting about the simple thing's in life, the less complicated

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Camrose-By the Number's

Lately it seems as though home sale's have been on the rise. In the last 90 day's in fact from today's date- June 26 2018, Camrose has seen 71 single family detached homes sell. Although our inventory is high at 147 single family home's for sale, these number's are still positive for our market. We are still in somewhat of a buyer's market as inventory remains high with home's coming on daily and prices more or less remaining flat for the time being. So if your still on the fence about buying, now is just as good a time as any because there are so many option's available for you.

Acreages have remained quiet with only 11 sales in the last 90 days in Camrose County. But again with 62 current available options(lots included)

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Don't let all that white stuff get you down. Camrose has some exciting event's planned this holiday season to get you and your family out of the house and shake off those winter blues. Here is what's in store....

Annual Cookie Walk, Tea & Christmas White Elephant Sale-December 2, 2017 – Annual Cookie Walk, Tea & Christmas White Elephant Sale (1:00 pm to 4:30 pm) Within our beautiful seasonally decorated Tea Room or King George Room, enjoy one of our major fundraisers for the year. Our volunteers bake batches of cookies (including gluten free) and other items including homemade carrot pudding and loaves. The day of the Cookie Walk purchase cookies from a wide variety to take home. No need to Christmas bake Following your Cookie Walk enjoy tea with

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Its easy to see walking through home's certain trends popping back up. Some outdated ones you just shake your head at and some that are new and attractive. One specific trend we are seeing coming back is brick. Brick has been a staple for builders on exteriors of homes for years, but nowadays we are seeing  brick incorporated not only on the outside and on traditional fireplace features and mantles but flooring, back splashes and feature walls. Done right, we've seen some of our clients and customers use brick to enhance their home and use a modern touch with a old school flare. As always we recommend consulting a qualified contractor when doing any reno, unless you are one of those highly skilled handyman or woman. If you have some winter projects coming

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