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Current Active Homes For Sale in Leduc
Sold Homes – Leduc in October 2011
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St. Albert Real Estate Update
Posted on
November 29, 2011
by
Bill Bhamra, REALTOR® Edmonton Homes for Sale
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Find out the value of your St. Albert home – quick, easy, no obligation Modest housing growth forecast for 2012
Posted on
November 26, 2011
by
Bill Bhamra, REALTOR® Edmonton Homes for Sale
Housing markets in Edmonton and Alberta will show modest growth next year, forecasters with the Canada Mortgage Housing Corp. predicted on Thursday.
"We're expecting to see improvements, but fairly moderate improvements," said Richard Goatcher, a senior market analyst with the Crown corporation.
"We saw activity really start to slow down in '08 and '09, and then last year was a year of improvements. We expect those improvements to continue."
Goatcher presented the CMHC forecast to a conference of real estate agents and civic employees at the Delta Edmonton South hotel.
CMHC predicts three-per-cent growth in resales, 11-per-cent growth in housing starts and 2.4-per-cent growth in average price for a house in Edmonton next year. However, CMHC anticipates listings of new houses to contract by 4.6 per cent over the same period.
The cautious optimism comes despite global economic uncertainty and a more modest overall out-look for Canada. Goatcher credits Alberta's energy sector with powering the province's economy and housing market.
"We're in a good economic situation here in the capital region, despite the headlines around the world about financial problems," he said. "That's largely because of the investments in the energy sector that are helping to support growth across the region."
Lai Sing Louie, a regional economist with CMHC, echoed Goatcher's view. "Overall, the economy is expanding and we expect it to continue to expand next year," he said. Louie predicted real GDP growth of 3.1 per cent in Alberta next year - a full percentage point above the CMHC's forecast for all of Canada.
That growth, according to Louie, will draw more people to Alberta, boosting demand for housing. "Housing market conditions are improving," he said. "We're expecting to see more sales, more housing starts next year, and prices rising a little bit quicker."
CMHC forecasts call for 15.3-per-cent annual growth in new housing starts for Alberta in 2012, and the average price of a resale to grow 2.3 per cent to $362,700.
Job and net migration growth fuel housing demand
Posted on
November 22, 2011
by
Bill Bhamra, REALTOR® Edmonton Homes for Sale
Alberta will be the only province next year to buck the national trend for housing starts across the country. According to an October 2011 Housing Forecast report released Tuesday by Altus Group, only Alberta is expected to see an increase in housing starts in 2012.
Subdued economic growth will take the “sizzle” out of Canadian housing starts in 2012 and deteriorating global economic conditions leading to lower Canadian growth expectations will constrain housing demand across the country, said the report.
“Based on recent data, the Canadian housing sector is performing at a very high level, with elevated housing starts, steady prices, and steady resale markets. Interest rates are also no longer expected to increase over the next year,” said Peter Norman, chief economist, Altus Group. “But at the same time a number of risk factors are emerging, especially deteriorating economic conditions and tighter mortgage rules. Canadians can expect lower levels of housing construction in most areas of the country next year.”
But the report said Alberta has seen job conditions and interprovincial migration rise sharply this year at the expense of Ontario and British Columbia, positively affecting housing demand next year.
Alberta will see housing starts in 2012 rise to 27,800 units from 24,881 this year. In 2010, there were 27,088 housing starts in the province. Across Canada, housing starts will hit 192,000 units this year and dip to 181,600 units in 2012. There were 189,930 starts in 2010.
The Altus Group report said only Calgary and Edmonton, among major markets in Canada, will see a rise in housing starts next year. Calgary will jump to 9,400 units from 8,400 in 2011 while Edmonton will see a rise to 9,400 units as well from 8,900 this year.
Sherwood Park Real Estate Update
Posted on
November 17, 2011
by
Bill Bhamra, REALTOR® Edmonton Homes for Sale
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Find out the value of your Sherwood Park home – quick, easy, no obligation New property listed in Zone 56, Edmonton
Posted on
November 14, 2011
by
Bill Bhamra
Posted in
Zone 56, Edmonton Real Estate
 
I have listed a new property at 3263 WHITELAW DR in EDMONTON.
Finally! Something exceptional. Situated across from the pond in Windermere North, this is a rich and imaginative departure from the same old, same old. The grand kitchen features top of the line, Wolf and Asko appliances, including a Sub-Zero Fridge with glass door and a gorgeous stainless steel gas oven. European style cabinetry, blended with premium caesarstone countertops and designer light fixtures above the extended island, help craft an inviting space for family and guests. The living room showcases a stunning horizontal contemporary gas fireplace in the feature wall along with oversized windows. Upstairs, all three bedroom include well organized walk-in closets. The master bedroom is almost a wing onto itself; complete with a designer 5 piece master ensuite that includes both a Jacuzzi tub and oversized custom glass shower; one could almost get lost in the walk-in closet. The fully finished bright basement offers a spacious recreational room, a 4th bedroom and an impressive 4 piece bathroom.
New property listed in Zone 56, Edmonton
Posted on
November 14, 2011
by
Bill Bhamra
Posted in
Zone 56, Edmonton Real Estate
 
I have listed a new property at 3909 WHITELAW CLOSE in EDMONTON.
The Alloy ~ A marriage of materials and design! Exquisite, new 2 storey home in a quiet Windermere Cul de Sac, has only the most modern buyer in mind! This home, features a beautiful double car garage, exposed aggregate finished driveway and walkway and backs onto a picturesque walking trail. The basement is fully finished with a convenient 4th bedroom and 4 piece bathroom. The gorgeous open concept mainfloor, features stunning Lewis & Clark hardwood floors throughout. Impressive full height cabinetry, speckled grey granite counters and an entertaining island space makes up the kitchen. The centrepiece of the sprawling living room is a Regency HZ42E Horizon contemporary gas fireplace. The modern designer line light fixtures and pot lights, along with large full height windows help create a great ambiance. The upstairs bonus room, office space and especially the lofty master bedroom and 5 piece ensuite with soaker tub, all offer sleek and smart design traits. Quality throughout is par none!
West Edmonton Real Estate Update
Posted on
November 13, 2011
by
Bill Bhamra, REALTOR® Edmonton Homes for Sale
Zone 11 - Glenora Zone 20 - Aldergrove, Belmead, Callingwood, Dechene, Donsdale, Gariepy, Hawthorne Hill, Jamieson Place, Le Perle, Lymburn, Ormsby Place, River Valley Ctry, Sherwood, Summerlea, Terra Losa, Thorncliffe, Vistula, Westridge Zone 22 - Emwood, Glenwood, Jasper Park, Lynwood, Meadowlark Park, Oleskiw, Patricia Heights, Quesnell Heights, Rio Terrace Zone 58 - Breckenridge, Greens, Glastenbury, The Hamptons, Normandeau Gardens, Potter Green, Lewis Estates, Triple A Acres
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Find out the value of your west Edmonton home – quick, easy, no obligation Edmonton leads Alberta in October housing starts
Posted on
November 9, 2011
by
Bill Bhamra, REALTOR® Edmonton Homes for Sale
Edmonton led the province in housing startups last month, new Canada Mortgage and Housing Corp. figures showed Tuesday.
Housing starts totalled 1,250 units for October in the Edmonton metropolitan area. The Calgary metropolitan area, Alberta's secondhottest housing construction market, added 981 units in the month.
Richard Goatcher, a senior market analyst with CMHC, attributed Edmonton's performance chiefly to apartment construction. "We had an over five-fold increase in apartment starts," he said. "We went from 100 starts last October to 550 this October."
Multi-unit dwellings heavily influence these scores, said Goatcher, because the start of a single project can count as hundreds of startups.
"Projects that are 150, 200 units, you get a couple of them starting in any particular month and it will help punch up your numbers pretty fast," he said.
Edmonton will lead the province in housing startups for the foreseeable future, said Alberta Treasury Branch economist Dan Sumner.
"All of the city-level economic indicators point to that direction," he said.
"Edmonton has added almost double the number of jobs as Calgary over the last 13 months." The reason, said Sumner, is Edmonton's close relationship with the oilsands, where strong oil prices drive investment and activity.
"Through its relationship to the oilsands, Edmonton is more leveraged to what happens to oil prices, whereas in Calgary it's a little more dependent on oil and natural gas."
Though total October startups in Edmonton outnumber those from the same month last year, 2011's year-to-date score of 7,960 still lags behind the total of 8,646 in the first 10 months of 2010.
Goatcher attributed the slowdown to difficulties in construction. Construction firms "had some inventory issues at the beginning of the year, and then they got hit with some poor building conditions in June with all that wet weather," he said. "They got behind and they really haven't caught up."
The CMHC says starts across Canada declined slightly in October behind flagging construction of single detached homes.
Goatcher expects significant startup growth in Edmonton next year.
"Alberta in general and Edmonton in particular has probably got a better outlook than most areas across the country and across the world. So we're anticipating improvements in activity in the Capital Region."
North West Edmonton Real Estate Update
Posted on
November 9, 2011
by
Bill Bhamra, REALTOR® Edmonton Homes for Sale
Zone 04 - Dovercourt, Hagman Est Ind, Prince Charles, Sherbrooks Zone 07 - Inglewood, North Glenora, Westmount, Woodcroft Zone 21 - Britannia,/Youngstown, Canora, Grovenor, High Park/Edm, Jasper Place, Mayfield, McQueen Zone 27 - Barnow, Batyrn, Beaumaris, Caenarvon, Canossa, Carlisle, Carlton, Chambery, Cumberland, Dunluse, Elisnore, Hudson, Lorelei, Oxford, Palisades, Pembina, Rapperswill, Rural North West Zone 59 - Rural West Big Lake, Westview Village, Mobile Park, Winterburn Ind East Zone 40 -
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Find out the value of your NW home – quick, easy, no obligation October - Edmonton real estate market slower
Posted on
November 7, 2011
by
Bill Bhamra, REALTOR® Edmonton Homes for Sale
Edmonton, November 2, 2011: In October the streets are overrun with ghoulish figures and scary characters but homeowners had no reason to fear the local housing market. Average prices for all types of residential property softened in October as part of the seasonal trend. In October the average* price of a single family detached home dipped lower than the two previous years and the previous month. The average price of a condo also dropped below the two previous same-month levels and was $15,500 below the price at the start of 2011. Over-all, the average residential price dropped to the lowest point since March but was $2,500 above the same figure in 2010.
“The balanced market continues as evidenced by the same number of residential sales in October 2011 and October 2010,” said REALTORS® Association of Edmonton President Chris Mooney. “Although there are initial signs of labour shortages in the service sector, we are optimistic about real estate performance. As job openings increase in Alberta, people will again start to move here and drive real estate sales up.”
The sales-to-listing ratio was up 2% to 54% in October and the days-on-market figure rose from 56 in September to 59 in October. Residential listings were down in October compared to last year and as a result the available inventory dropped from 8,062 in September to 7,296 at the end of October. There were 1,170 residential sales in October compared to 1,169 in October 2010. Listings dropped from 2,218 in October 2010 to 2,166 this year.
North East Edmonton Real Estate Update
Posted on
November 6, 2011
by
Bill Bhamra, REALTOR® Edmonton Homes for Sale
Cassleman, Miller, Balwin, Belvedere, Killarney, Elmwood Park, Dalton Zone 03 - North Swale, Matt Berry, Hollick Kenyon, Brintnell Zone 06 - Newton, Montrose Zone 09 - Highlands, Edmonton Northlands, Virginia Park, Cromdale Zone 23 - Berman, Abbotsfield, Beacon Heights, Beverly Heights, Rundle Heights Zone 28 - Ozerna, Mayliewan, Belle Rive, Eaux Claite, Schonsee, Klarvatten, Lago Lindo, Crystallina Nera, Joviz Zone 35 - Kirkness, Fraser, Hairsine, Clareview Campus, Bannerman, Sifton Park, Belmont, Kernohan, Homesteader,Overlanders, Canon Ridge Zone 43 - Clover Bar Area, East Edmonton Zone 50 - Zone 51 -
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Find out the value of your SE home – quick, easy, no obligation South East Edmonton Real Estate Update
Posted on
November 3, 2011
by
Bill Bhamra, REALTOR® Edmonton Homes for Sale
Zone 18 - Bonniedoon, Cloverdale, Holyrood, Idlewylde, Kenilworth, Ottwell, Strathearn. Zone 19 - Capilano, Forest Heights, Fulton Place, Gold Bar, Terrace Heights, Millwoods. Zone 29 - Bisset, Crawford Plains, Daly Grove, Ekota, Greenview, Hillview, Jackson Heights, Kameyosek, Kiniski Gardens, Lee Ridge, Mensia, Mayonohk, Michaels Park, Millwoods Park, Minchau, Pollard Meadows, Richfield, Sakaw, Satoo, Tawa, Tipaskan, Tweddle Place, Weinlos Zone 30 - Larkspur, The Meadows, Silver Berry, Wildrose Zone 41 Zone 42 Zone 53 Zone 54
Edmonton South East Homes For Sale Edmonton South East Condos For Sale
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Find out the value of your SE home – quick, easy, no obligation South West Edmonton Real Estate Update
Posted on
November 1, 2011
by
Bill Bhamra, REALTOR® Edmonton Homes for Sale
Zone 15 - Allendale, Belgravia, Empire Park, Garneau, Grandview Heights, Landsdown, Lendrum Place, Malmo Plains, McKernan, Park Allen, Pleasant View, Queen Alexandra, Strathcona, Windsor Park. Zone 16 - Aspen Gardens, Royal Gardens, Rideau Park, Duggan, Greenfield, Westbrook Estate, Sweet Grass, Blue Quill Estates, Steinhauer, Ermineskin, Skyrattler, Keheewin, Twin Brooks, and Bearspaw. Zone 55 - Blackburne, MacEwan, and Richford Zone 56 - Windermere Estates Zone 57 - Woodbend Estates
Edmonton South West Homes for Sale Edmonton South West Condos for Sale
Sold Listings in SouthWest Edmonton in October 2011
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