Fixer-upper homes can net greater returns
Often determined to be residential properties that are below our standards, fixer-upper homes typically need mild to mid-level rehabilitation work to be viable for resale. To profit from these homes, buyers will typically have to give the home a thorough cleaning, minor repairs, interior and exterior painting, along with new flooring, appliances and landscaping. Those […]
Re/Max weighs in on Edmonton’s market, and it’s good news
Re/Max, an international real estate company, came out with its 2012 report, and said Edmonton’s real estate market was “quite healthy.” It’s a moderating trend, slow and steady so to speak, with a report showing that residential sales should improve over 17,500 in 2013. In 2012, sales are expected to finish around the 17,100 range, […]
Projected slowdown by chief economist
Benjiman Tal, deputy chief economist at CIBC, predicts a bit of a slowdown next year, with growth of only 4 per cent compared to 6 per cent of this year. Tal said it’s “a reflection of a slowing housing market,” which is partially due to the maximum amortization of mortgages dropping from 30 years to […]
Edmonton keeps growing and building
As Edmonton’s population continues to grow, so does start of new builds. New home starts sustained its growth like the Canadian Mortgage and Housing Corporation said it would back in August, beginning work on 1,304 homes in the Edmonton area the CMHC said in a report. That number is up from 820 starts from the […]
