December 2018

Planning on Buying or Selling a Home in 2019?

Posted on Dec 31, 2018

Are you thinking of buying this year? Here are three things to do now:

1. Boost your credit score
This may help you secure a better interest rate, which will lower your payment and save you money each month.

2. Save more for a down payment
A bigger down payment equals a smaller mortgage and lower monthly payments.

3. Give us a call
We’ll help you determi...

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The Impact of 2018's Mortgage Lending Stress Tests

Posted on Dec 14, 2018

Initially, the new mortgage stress test prompted buyers to purchase a home before the rules took effect last year. (Home sales surged in December 2017 and reached the highest level ever recorded). Once the regulations took effect, home sales fell dramatically in the first quarter of 2018. According to CREA, combined sales for spring 2018 fell to a...

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The Gist: December 2018

Posted on Dec 04, 2018

“The Gist” is adapted from the REALTORS® Association of Edmonton Monthly MLS® Report and Press Release. Every month I summarize and post “the gist” of the MLS® data for Edmonton and area real estate activity.

The average*** single family detached price in the service area of the Edmonton Multiple Listing Service® was down 0.97% to $421,715.
The avera...

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