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Real Estate Blog

As many of you might already know, Joelle and I have recently made the very large decision to start a new adventure together. We were married in Halifax nearly 18 months ago and since that time, we’ve had a feeling that one day we would call Halifax our home. A place nearer Joelle’s family in New Brunswick and my grandparents in England. That day it appears, has come much sooner than we first imagined. It is with mixed emotions, that we are saying good bye to Fort McMurray.

We want to make it extremely clear that this decision does not come because we doubt strength of our city to recover economically and from the disaster of the fire. We are leaving to pursue a new challenge and to be closer to those who will need us more, day by day.

During

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What is RMS and why do we have it?

As of October 1/17, new real estate measurement standards have been put in place which will change the advertised square footage of many properties. Over the past several years, there have been numerous court cases relating to the square footage of property and its value.  Cases where a buyer finds out their new house is actually 200 square feet smaller than they thought, for example.  When the courts asked the Real Estate Council to provide their standards of measurement for residential properties, they did not have one.  The courts then mandated they develop a standard and enforce all members of the industry to abide by it. The goal, to create consistent measurement practices across the province that buyers and

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The equally short answer is yes, it was.  Since our slump started in 2015, we would usually see two months in the year where sales were stronger than the rest.  I had anticipated the same this year, but June fell substantially short of May numbers.  In fact, sales dropped by 30%.  This almost certainly means we will not see a recovery in prices this year (not that we really expected that, anyway).

The Bigger Picture

For some overall perspective, there have been 374 single family sales in 2017 to date.  Coincidentally, the first six months of 2015 saw that exact same number.  All things considered in 2016, it fell short at 183 sales over the same period.  So, we have a dramatically improved market from 2016 and one comparable to 2015.  Prices

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If you are planning to sell your property, wait before you do so. Many homeowners plan to sell their property that is not in use or before shifting to a new one. What they fail to understand is that they can put their property on rent and earn profits. There are various advantages and disadvantages of owning a rental property in Fort McMurray. Here are some pros and cons:

Pros of Owning a Rental Property 

  1. Additional Recurring Income

Along with your main income, giving your additional property on rent can give the advantage of earning more income. This can be your alternate, passive income that you can use for a number of purposes. The rent of your property can act as the return value of the purchase price that you invested.

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If you are trying to sell your house, you already know how competitive the market is. Attracting home buyers is the first step of the home selling process. There are a number of ways to attract potential buyers to your home.

Be a part of the Online Listing

The first thing to start with is to use the Internet and be present on all the leading online real estate listings and classifieds in your region. These listings and classifieds can be powerful tools for attracting potential home buyers. Create a listing that provides all the possible information that the home buyers would look for. Don’t hesitate to share information of your locality, the current real estate pricing, and the public transportation near your house. Also, let potential buyers

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Buying and selling a home is a task you should leave for real estate agents. Taking the task in your own hands can be time-consuming, hectic, and, you may end up making a lot of mistakes. Any task related to the real estate should be left to the experienced real estate agents. Experienced real estate agents can be helpful as they know the local real estate market well. Let’s look at how an experienced real estate agent can be helpful in several ways.

Experienced in Determining the Cost

It is easy to find the price of a property by researching on the Internet and through open houses. But to find out if the property is rightly placed, you need experience in the real estate. An experienced real estate agent knows the value of various neighborhoods

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Buying a new home can be tricky as well as exciting, especially for first time home buyers. The process of hunting and buying a house is always challenging for first-time buyers as they usually have many expectations but are always looking for better options. And because such buyers don’t have enough experience and knowledge, the chances of missing out on several crucial aspects of home-buying could be overlooked. If you are a first time home buyer and looking for the best place to live in, consider the following tips to avoid making mistakes while selecting your house.

Type of Home Best Suits Your Needs

There are several options you can consider before buying your new home - a traditional single-family home, townhouse, condominium, or a

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If you are planning to buy a new house, you must consider visiting various open houses. House hunting can be daunting and critical, but with the help of open houses, you get to know more about the available properties in your area. And of course, you have real estate agents who can offer a number of options to select from. You can even check for local real estate listings online, to find your dream house. However, attending open houses can be beneficial to those who know what they are looking for. If you don’t know how to thoroughly examine houses, you shouldn’t consider attending open houses without an expert. A real estate professional can help in inspecting the entire house, looking for structural damages or various other defects. If you’re

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Should I buy a condominium

If you are planning to buy a new home, a condominium might seem to be an appealing option because of its benefits. Like any other type of accommodation, living in condominiums or condos also has some advantages and disadvantages. If you are wondering whether to buy a condo or not, look at its pros and cons mentioned below.

No Need of Outdoor Maintenance

Condominiums don’t have a personalized lawn or a yard area for individual homes. This means you don’t have to take care of the plants, mow the grass regularly, keep pests and rodents away, shovel the outdoors, or maintain the outdoor space. The management or homeowners association take care of repairs, maintenance, and cleaning of the common outdoor space, garden, swimming pool, etc. This way,

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