How is Covid-19 impacting the real estate market? Speculation is understandable, but what we need are the facts. FACT #1: Real estate was deemed essential service along with lawyers, banks and other financial services. It’s important to remember that most people moving have a real need to do so, it’s not just a “want”… To […]
A message from Kathy Schmidt, Broker Owner of Schmidt Realty Group Inc. Hi everyone. There’s so much going on in the world and we understand you may be wondering what this means for real estate. We’re still actively working with clients, bringing new listings onto the market, showing homes and closing deals. We’re just doing […]
If you currently have a home for sale, here are some suggestions during this challenging situation with Covid-19: There will likely be fewer “live” showings happening. We expect more buyers will work with their REALTOR® to create short-lists of homes that very closely match their needs in order to minimize the number of properties they […]
If you are currently on the search for a new home, here are some suggestions during this challenging situation with Covid-19: Work closely with your REALTOR® to narrow down the homes you view to the ones that really match your needs. Set up a Zoom meeting to view properties together online to short-list potential properties. […]
Blue Quill is in Edmonton’s southwest, named after Cree Chief Blue Quill who traded in Edmonton in the late 1890s. Its north of 23rd Avenue, west of 111th Street, tucked in the bend of Whitemud Creek Ravine South. Bordering neighbourhoods of Blue Quill Estates, Skyrattler and Sweetgrass are considered part of the Blue Quill area […]
The First-Time Home Buyer Incentive allows eligible first-time home buyers with a minimum down payment to have a portion of their purchase financed through a shared equity program with the Government of Canada. In plain language, what this means is the Government of Canada “buys” 5 to 10% of the house and you don’t have […]
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** […]