It’s going in the right direction! What is? Inventory! The number of homes for sale in the Edmonton Census Metropolitan Area (CMA) fell 7.86% from February of last year. What’s the impact of this on the market? To watch this month’s Schmidt Report Video Click here! Download this month’s Schmidt Report for a quick look ahead […]
The ANSWER is …“Not down.” The QUESTION is…”What’s the forecast for Edmonton area real estate in 2020?” At the Annual Real Estate Forecast held in January, the experts all seemed to be on the same page, forecasting a very modest increase the number of homes sold in all categories. They even forecast a tiny increase […]
Westmount is an older neighbourhood located northwest of downtown Edmonton. Westmount is located east of Groat Road and west of the old CN rail line that used to run north from downtown. The northern portion of the neighbourhood stops ar 111 avenue and it goes all the way south to the river valley with a […]
Is NOW the right time for you to buy? First, does buying make sense for anyone right now? If you’re waiting for the “bottom” of the market, according to experts that may have already passed. The forecast from the economists* is for a relatively stable year with perhaps a 0.2% to 0.4% increase in average** […]
Land use in Mayliewan is almost entirely residential and was planned to accommodate primarily single-family houses oriented around the local parks system. The neighbourhood was designed to ensure that most residents would have direct easy access to parks and/or one of the two stormwater management lakes. The intention was to build a community where children […]
By Kathy Schmidt “What matters most is the value of your home relative to other property values” – Cate Watt, City of Edmonton assessment and taxation branch manager Fun fact…I used to work for the City of Burnaby where I worked as the Budget Manager. It was a great opportunity to gain a behind-the-scenes understanding […]
So how did 2019 end up? Despite the economic challenges Alberta faced in 2019, the number of homes sold has remained surprisingly steady. In fact, the total number of residential properties sold in the Edmonton Census Metropolitan Area (CMA) and the City of Edmonton is actually higher than the previous year… not by a lot, […]