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Archive for February, 2013

Edmonton’s housing market ready to “push up,”

Wednesday, February 27th, 2013

This article was taken from the Edmonton Journal dated February 12 2013.

EDMONTON – Edmonton is the second-best market in the country to invest in housing, says real estate analyst Don Campbell.

“Population growth is strong, job growth is strong and things are supporting this market quite nicely, said Campbell, founding partner of the Real Estate Investment Network, a business that provides resources and information on real estate to members.

“It doesn’t look like it’s going to be another ‘07 where it just got into pure frenzy, but I think you’ll see late this year and early 2014 — which is a year behind Calgary as always — that the market will really start to push up.”

Home-buying demand will start taking off late this year while prices will begin rising next spring, Campbell says.

He bases that prediction on a formula where demand and prices come about 18 months after increased rents, which in turn follow decreased vacancies, increased demand for rental housing and growing population. All of those are triggered by earlier economic and job growth.

“We’re going to see a lot of listings come on during this year as well,” Campbell said, noting a current undersupply of listings.

Investors who bought too many properties in 2007, 2008 and 2009 will see the increased buying demand as a chance to sell, he said.

“The market’s barely moved in Edmonton as far as value. It’s a good window of opportunity before it starts to heat up again to get into the market. From an investment point of view, your rents are going up.”

He said when suites go vacant, landlords will raise rents by $150 to $200 per month.

“That will make renters think twice about renting rather than buying and that will happen over the next 12 or 18 months.”

Edmonton is second only to Calgary as the best place to invest in Canada in residential real estate. Campbell rates Hamilton as third because of its diversifying economy and job growth. Campbell was in Edmonton to promote his latest book The Little Book of Real Estate Investing in Canada. Royalties from the book go to Habitat for Humanity.

The Edmonton Journal

Read it on Global News: Global Edmonton | Edmonton’s housing market ready to “push up,” says analyst

Making your Real Estate needs my Priority
Dave Dry
Realtor, Century 21 Vantage Realty Ltd
Website: www.davedry.com
Blog: blog.davedry.com
Office: 780 483 2122
Direct: 780 446 3727
Fax 780 478 7017

February Newsletter

Wednesday, February 6th, 2013

                                                                                                                                                                                                                                               Making your Real Estate needs my Priority
Dave Dry
Realtor, Century 21 Vantage Realty Ltd
Website: www.davedry.com
Blog: blog.davedry.com
Office: 780 483 2122
Direct: 780 446 3727
Fax 780 478 7017

Open house Schonsee Saturday February 2

Friday, February 1st, 2013

 

Property details.

Making your Real Estate needs my Priority
Dave Dry
Realtor, Century 21 Vantage Realty Ltd
Website: www.davedry.com
Blog: blog.davedry.com
Office: 780 483 2122
Direct: 780 446 3727
Fax 780 478 7017

2 Story For Sale in Crawford Plains

Friday, February 1st, 2013

Property details.

Crawford Plains, Edmonton  –  As good as new this unit has been completely renovated from New kitchen cabinets to appliances, counter tops and sinks, flooring, paint, and the list goes on. This is the ideal home for a family just starting out. Everything has been done hot water tank and furnace are also less than 2 years old. Warm inviting colors with tile and laminate flooring lend an air of style. 3 bedrooms upstairs, with a full bathroom. The basement, with 3 piece bathroom and stand up shower is the ideal teen space, theater room, hobby room, or whatever your imagination can dream up. This home is ready to move into, close to all amenities and on a bus route this home will not last, make it yours.

Making your Real Estate needs my Priority
Dave Dry
Realtor, Century 21 Vantage Realty Ltd
Website: www.davedry.com
Blog: blog.davedry.com
Office: 780 483 2122
Direct: 780 446 3727
Fax 780 478 7017

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