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Real Estate Blog

I loved reading this news.  The project named ReLeaf Fort McMurray will begin in the Spring and will focus on urban green spaces affected by the forest fire. Click the Edmonton Journal link below for more information on this great project!

https://edmontonjournal.com/news/local-news/tree-planting-charity-announces-1m-reforestation-project-near-fort-mcmurray

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I can't say I was sad to see the end of 2016.  It was an incredibly tough year and many are still in the midst of dealing with insurance companies and rebuilding their homes.  I have hope though, that we will remain supportive of one another and start to see some real progress as 2017 unfolds.  I am looking forward to seeing some normality in Fort McMurray, although it might not come until later in the year with several factors playing a part.

The Rebuild:

I’ve read a few articles over the holidays which suggested we were going to see a larger building boom than in the peaks of oil sands activity.  That is not hard to believe and it hasn’t really gotten underway yet.  A few managed to get their homes started before the weather turned but the

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We wanted to let you know that one of our local home builders now has a show home set up in the city.  We have worked with ABI Homes in the past and they are committed to great customer service and quality custom builds.  ABI Homes also offers assistance and advice to their clients when dealing with insurance companies to obtain rebuild funds.  In one such case, they assisted a client in obtaining an additional $100,000 from their insurance company who had grossly underestimated the rebuild value.  

If you know of anyone in need of a builder, please feel free to contact us so that we can provide further information about ABI Homes or set up a time to see the show home.  Similarly,  if we can do anything to help you or if you have general market

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As I sit on my couch watching the snow fall, I’m reminded by Facebook that I was golfing a year ago on nearly the same day.  I would not have had to use a fluorescent green ball to find it in the snow either.  Winter appears to have come a little early this year.  Our market cools down with the weather and I think it is important that people keep that in perspective when they hear of sales slowing down.

Even so, sales over the past three months have outpaced those of last year and I anticipate the same for October.  It is also a notable improvement from the beginning of 2016 and I maintain that I don’t believe our economy will see the complete effect of the fire until the re-build process is fully underway. I heard recently that approximately 150

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We are back!  I apologize that we did not post an August update but Joelle and I got married at the beginning of that month and things have been very busy.  Not just in our personal lives, but in the real estate market as well.  August saw 90 single family sales go through and if nothing else were listed, it would take six months for everything to sell at that rate (absorption rate).  Anything between three and six months is considered a balanced market.  The initial jump in prices post fire has waned a little but since July, they have been very stable. 

The number of homes for sale continued to rise from June through August as expected, however for the first time since then we have seen a decrease.  This is due to a combination of an increased

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It has been a month since we have returned and what a month it was.  Driving up a familiar highway into something completely unfamiliar, a sense of anxiety and anticipation sat in the pit of my stomach.  I didn’t know what I was coming back to or what would be left.  However, from the moment I got into Fort McMurray I didn’t have much time to think about it.  Between dealing with my own personal insurance claims and helping my clients’ with theirs, it has been an incredibly busy month.  The same has been true of the real estate market and my phone has been ringing steadily ever since we were given the green light to return.  So what has happened so far and what might happen next?

While I have been fielding a lot of calls with people wanting to list

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Well, I would have loved to have started this post with "it's great to be back home" but I'll confess it wasn't quite as I expected. Positively, I was greeted by a fantastic team of people at the welcome center and then I got to wave frantically at our fire fighters on the over-pass in some effort to show my appreciation.  That's where the fairy tale feeling of moving home stopped though.  I was naive when it came to the level of damage to our house, even though it remains standing and appears untouched.  I was naive to how long it would take to repair it and I was unprepared for deciding what to do next given the new circumstances.  I am extremely grateful to be one of the lucky ones to have my house spared but even so, I was brought very abruptly

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I have had a number of people contact me since writing my last blog post.  If you have not had a chance to read what happened to real estate in Slave Lake and what we might expect in our own market, click here to read that post.  People are wondering what might happen if they choose not rebuild on their lot and leave town instead.  Check with your insurance company, but from what I was told by a Slave Lake Realtor, the insurers would only cover the cost of the property and you would be left to sell the lot.  That seems like an obvious assumption, but there are several other aspects to consider.

Firstly, the lot is going to have to be properly prepared for construction again.  This process will take time even though it is likely covered in your

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