Purrfect Properties Blog

Archive for the ‘Real Estate and Property Trends’ Category

Is this another Ugly and Costly condo trend?

Monday, December 4th, 2017

Reprinted From the Alberta Condo Network Newsletter

Alberta Condo Network - Redacted Condo Documents and the Costly Trend

Alberta Condo Network – Redacted Condo Documents and the Costly Trend

Here’s ANOTHER UGLY and POTENTIALLY COSTLY condo trend?
We’re hearing of condo boards, managers, lawyers, and other condo industry insiders, arbitrarily, at will, with no permission from condo owners, or approval from anyone to do so, selectively and subjectively “REDACTING” (fancy word for removing, eliminating, doctoring, sanitizing, not disclosing) information related to: events, issues, actions, and decisions made by condo boards as they represent our condo corporations which are our homes.

This redacting often takes place on condo board meeting minutes or AGM minutes although it is not limited to those documents. The rationale used for “doctoring” or sanitizing documents is that disclosing certain information might violate the Privacy Act or information that is “legal”. That rationale, on something this serious for condo owners, is nonsense because there is a way to describe sensitive issues if the political and industry will was there to do it!

This redacting trend could be particularly damaging to both NEW and EXISTING condo owners because it could cause significant legal and financial grief. Here’s what could happen…
Consider that the purpose of recording minutes, of any kind, for any entity, is to capture a TRUTHFUL and COMPLETE HISTORY OF THE ENTITY: in our case, A TRUTHFUL AND COMPLETE recording of events, issues, actions and decisions made by our condo boards on behalf of our condo corporation/our homes.
Wouldn’t you want to know if your condo board (among MANY other things):

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Edmonton Real Estate Market Reports for November 2017

Friday, November 24th, 2017
YEG Edmonton Real Estate Market Reports for November 2017

YEG Edmonton Real Estate Market Reports for November 2017

Hi Folks,

Welcome Back. I know I have a little bit of catching up to do with regards to my blog and website, so here are those market stats you were looking for. The next reports soon to be released.

Inventory: October finished with another full inventory month here in Edmonton with 5.74 months of inventory for active buyers to choose from.

Total number of homes available to buy in Edmonton: 7,691.

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5 Home Projects that Add Instant Value

Saturday, May 6th, 2017

5 High Return Updates for the Home

Do you have a list of changes you’d like to make to your home this year? Completing cosmetic updates is easiest when the weather’s in your favor. In honor of May’s National Home Improvement Month, here are five projects ranging from simple curb appeal projects to large-scale expansions that real estate pros love for having high returns. (more…)

Edmonton: How To Bounce Back After a Real Estate Crisis

Thursday, May 4th, 2017

YOURS TRULY and Edmonton, were just featured in an interview by Point2Homes.com. Check out the  interview and what we discussed.

If you’re looking to buy real estate, we advise you to sit down with a passionate agent, for a long talk. The information and perspective you’ll learn is simply invaluable. We did just that, with expert agent Jeanine Osborne (and her gorgeous cat). Read her excellent insights into the Edmonton real estate market, from condominiums to foreclosures, and everything in between.

Expert agent Jeanine Osborne talks Edmonton real estate.

Tell us a few words about your job as a real estate professional? What do you love most about your job?

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How the Right Words Can Help Sell a Home.

Wednesday, April 26th, 2017

House and neighborhood characteristics can positively influence the sale of your home, but what about the words used in the listing? The right turn of phrase could help your property sell quickly, but choose less descriptive terms and you may find it on the market indefinitely. Write an effective listing with the following tips:

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REMAX 2017 Spring Market Trends Report

Monday, April 24th, 2017

Toronto buyers, are looking for greater affordability in markets across southern Ontario. In turn, they are driving price appreciation in Mississauga, Brampton, Durham, Barrie, Hamilton-Burlington, Windsor, and as far away as Kingston. The GTA saw the average residential sale price rise by 29 per cent, up from $675,492 in the first quarter of 2016 to $873,631 during the same period in 2017.

At the same time, housing demand has slowed in Greater Vancouver compared to Q1 of 2016, and the average residential sale price decreased 11 per cent year-over-year, from $1,094,936 in the first quarter of 2016 to $969,900 in 2017. The decline in average sale price is in part due to the introduction of the foreign buyer tax last August, a relatively severe winter and the natural stabilization of prices after the market reached a high point in May 2016. Move-over buyers from Vancouver and buyers migrating from other provinces continue to fuel activity in Fraser Valley, Kelowna, and in Victoria, particularly in the upper-end of the market due to relative affordability in these regions.

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Should you Buy a Fixer-Upper or a Move-In Ready Home?

Tuesday, April 18th, 2017

Shows like HGTV’s “Fixer Upper” have popularized the idea of buying and renovating the worst house on the best block. Homes that need major remodeling, however, aren’t for everyone. Sometimes a move-in ready house is a better option. Whether you’re a first-time homebuyer or a seasoned investor, it’s important to understand the pros and cons of each.

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Home Preparedness – Is Your Home Ready for a Natural Disaster?

Tuesday, March 28th, 2017

The American Red Cross Society is always offering up helpful information on what to do with your home in a state of emergency.  I find more useful information in prevention.  An ounce of prevention is worth a pound of cure.  While accidents happen, there is no better time than the present to start preparing your life for the just in case scenario. Whether you have just moved into a new home or are looking to reduce your risks in your current home, here are some tips to help make your investment money more safe.

Create fire escape plans and meeting places

child filing out fire escape plan Red Cross new home checklist

The official Red Cross tip is to have two ways out of your home and set two meeting places: outside your home (to connect after something like a fire) and outside your neighborhood if the area is blocked in an emergency.

My new house has three ways out on the first floor (I’m an overachiever) and an escape ladder stored upstairs in our bedroom.

Families should also think about what special circumstances your family may have, like pets or kids. For instance, if we’re stuck upstairs in a fire, it’s my job to grab the baby from the nursery while my husband quickly installs the ladder on our bedroom window.

Create your survival kit

My family used up our emergency water stores before we moved, so I’ve been buying one huge water jug with every grocery shopping trip and stockpiling them in the garage. This method is a welcome upgrade from tucking water gallons in the back corners of my kitchen cupboards or stuffing them beside my dryer. You get very creative living in a small apartment, my friend.

Check out the video above for some other ideas of items to collect, should your family face an emergency.

Identify your severe weather shelter

feet going down stairs Red Cross new home checklist

Living in apartments for most of my adult life, I’ve never had the luxury of a basement for shelter during severe weather. My new place has a small bathroom in the middle of the ground floor that we’ve agreed is the safest spot.

If you don’t have an underground shelter or basement, you should identify an interior spot (i.e. not right by an outside wall, away from windows) on the lowest floor of your home.

Update your app alert locations

Emergency App Location Monitoring Screenshots Red Cross new home checklist

 

If you have our Emergency App downloaded, update your severe weather alert preferences, including the locations you want to monitor and types of disasters. You can also see if your local emergency management professionals have local notification systems, like text message alerts, for additional safety updates in your area.

And if you download the app for the first time, here’s a handy guide to setting up those alerts.

Assess Your Fire Risks

child hand reaching for lighter Red Cross new home checklist

Finally, keep fire prevention in mind as you’re unpacking. For instance, keep flammable items at least three feet away from anything that gets hot, such as space heaters. Make sure wiring is not run under rugs. And although it may be tempting, avoid overloading outlets or extension cords. For easy reference, here’s an awesome list of things to check in your home as you’re setting up.

Upon moving into our new place, I noticed the smoke alarms throughout the house looked a bit dated, considering they were an impressive yellow color. The landlord couldn’t confirm how long they’d been there but assured us they were in working condition. Knowing smoke alarms have to be replaced every ten years, we went out and bought new smoke alarms and installed them ourselves. Expensive? Yes. Worth it? Totally.

Find a ton of more info on preventing home fires on the American Red Cross Website and an awesome collection of disaster prep info in our Emergency App

and the American Red Cross on January 26, 2017.

Will Selling Your House in Spring help you make a Better Profit?

Tuesday, March 28th, 2017

Edmonton Real Estate Market Reports for March 2017

Spring is here and so is the hot Edmonton Real Estate market.  We have the beginning of warmer and longer days as well as spring cleaning.  Mostly, we are all looking to enjoy our spring break and spring fever…  It’s also a great time for spring house sales.  Does selling in the spring help you make better profits?  Not necessarily and we’ll explain why.

You’ll basically have a 1 in 5 chance of selling in the spring and a 1 in 6 chance of selling in the fall.  So why do folks think Spring is the best time to sell?  I’m not sure, it could have something to do with the fact that REALTORS® are back from holidays and so are sellers.  Folks are looking to get their families moved before the start of the school year and with an average of 5.76 months of inventory with an average of 65 days on market, it’s the best time for families to get moving.

Don’t forget, REALTOR®  services for home buyers is free, so why would you do it on your own?

The highest compliment you can give me is a referral for your friends and family. Thank you for your referrals!

Last February (2016) we had 2,768 new listings come on the market and a total of 6,681 properties for sale.  This February 2,431new listings appeared for a total of 6,108 homes on market, at

5.76 months of inventory.

Last February (2016) a total of 919 of 6,681 homes sold in the Edmonton area.  This February 1,060 of 6,108 SOLD.  Your odds of selling have gotten better!

Average Days on Market – 65, last year we were at 56 days, compared to last year homes are selling 13.65% more slow.

Odds of Selling –17.35%,  compared to last year, your odds of selling increased by 26.30%, compared to last month 22.47% better

Average Selling Price:

     Condo Apartment: $230,661

Condo Townhouse: $348,078

Single Family Dwelling: $427,726 and the

Average selling price in the City of Edmonton is $359,468. Down 0.11% from last year and 0.75% more than last month.

Home Sales by Price Range: The highest percentage of properties are and have the tendency in Edmonton to sell in the $300,000-$399,999 price range, and this year 32.87% of homes have sold in this price range.

What’s new for our city is where second place is.  With the mortgage changes in October, averages for Edmonton families in loan amounts have dropped, while debts have remained the same, squeezing out both ends of the price ranges.  Last year, more folks were buying in the $400-$499,000 range, but this year it has changed.  Second position goes to the $200,000-$299,999 price range at 23.04%.  Third place is the $400,000-$499,999 and 17.81%.

Luxury Market Positioning: Only 12.89% of Edmonton homes have sold over the $500,000 price bracket.

54 Years average of price increase for the City of Edmonton is 6.73%.

Prices have decreased this year by 3.88%. A small reduction in the average market in Edmonton, in comparison to what is going on in the rest of our province.
*stats as of February 28, 2017.

Want market information about listings in your area or a free market anaylsis for your home?  Sign up here.

To download your full copy of this report – click here.

We often forget to look up! Ceilings take on a modern edge.

Monday, March 20th, 2017


As far as social design trends go, floors have become an obvious staple—just search under the hashtag #viewfromthetop or, simply, #floors. Ceilings, however, don’t get as much shine, but one person who’s offering up the oft-forgotten for new consideration is Tommy Hilfiger. The fashion designer’s Greenwich, Connecticut, home is the definition of ceiling goals, as you can see from photos in Architectural Digest’s March 2017 cover story.