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2014 The Year to Buy Real Estate in Red Deer?

Have you heard the news? Housing Market Falters Amid Rising Prices Canada’s hot housing market shows signs of slowing Canada's Real Estate Market Is 'Fraying': Report Do you really believe "National" headlines?  Real Estate is local, and in Red Deer the market is.... Coming off the strongest June in the last five years... Sales, Number of Month200920102011201220132014 Jun 213 132 170 188 183 217 Just ...

Average price of a single family home.

Here's a quick look at 2014 to date. Based on information obtained from the Central Alberta Real Estate Association the average sale price of a single family home in Red Deer this year is $368,221.00 compared to an average sale price of $350,173.00 in 2013. The average number of days to sell a single family home in Red Deer this year is 37 days compared to 39 days in 2013.  

More than 85% of new jobs created in Canada were generated in Alberta.

OTTAWA -- When it comes to job creation in Canada, there's Alberta and then there's everybody else.   The latest employment data for February showed that the oil-rich western province created an impressive 18,800 jobs, largely in construction, mining and oil and gas, while in the rest of the country overall employment fell. Economists warn against staking too much on any one-month data ...

Are You Waiting To Buy?

If you're buried under snow, and the thought of going out looking at homes in -34C weather does not get you excited, perhaps you should change your plan of waiting to "buy now". it doesn't look like prices are going down do they? Primary YearSale Price, Median 2003 $152,950 2004 $162,000 2005 $177,000 2006 $245,000 2007 $299,000 2008 $296,000 2009 $285,000 2010 $290,000 2011 $280,000 2012 $298,000 2013 $313,250 ...

Should I Wait Until Spring to Sell?

Historically sales decline the closer we get to Christmas.  Often that decline in sales volume starts after the peak in Spring activity.  However, the real estate market in Red Deer is showing a bit of a different trend this year with respect to MLS® sales activity. Halfway though November and it appears we are on the same pace as previous Novembers.  Possible a bit higher volume, ...

Is renovating or finishing your basement without a permit a big deal?

When buying a property, due diligence is very important. If you are buying a property that was recently renovated, you need to ensure that the renovation was done properly and that the proper permits were applied for and obtained.  Here are 3 important questions to ask: Was a permit required?  This is the first question and it is the most important. Unless the renovation consisted ...

HOMEOWNERS INSURANCE - Update from All Service Insurance

If you live in Alberta you probably have been either affected by a property  insurance claim yourself this year or know someone personally who has. Our weather isn’t just playing havoc with our properties, it is playing havoc with Insurance Markets. In the past two years (not including this summer) Alberta alone accumulated 60% of all property claims for all of Canada. In the insurance ...

2013 Housing Market, Holding Steady or Heating Up?

After reaching a peak in 2007/2008 Red Deer real estate endured a downturn in volume, decreased sale prices, and an abundance of listings to choose from. Today the market has increased optimisim, increased sale prices, increased sales volume, and more limited selection or very limited selection depending on what price range you are shopping in.  A varied combination of balance, seller's market, ...

Is it Economic Boom Time in Alberta?

  Alberta's Economic Boom to Continue Through 2013: RBC Economics TORONTO, March 20, 2012 /CNW/ - Alberta's economy launched into a remarkable expansion phase last year, with real GDP reaching an estimated 4.2 per cent, flashing unmistakable signs that the provincial economy is booming once again, according to the latest RBC Economics Provincial Outlook report released today. Going forward, ...

January update- Red Deer Housing market

January finished off with a slight increase in overall sales (seven) from last year's January. Average sale price ended up at $317k and change w/ 99 sales of all sorts to make up that number. That from the 85 sales in January of 2012 and an average sale price of a few dollars over $300k. A great start all in all to Red Deers predicted increase of approximately 2-2.5% according to leading economist ...
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