DAY TEN…MONTH OF GIVING BY JASON GREGOR SHOW

December 12th, 2013 by michellederk@live.ca

Hey everyone check day 10 of giving on the Jason Gregor show today i have donated my seller’s commission for your house. (In a regular sale half the commission goes to the seller realtor and half to the buyer. So this is $3.5% on the first $100,000 and $1.5% on the balance).
On a $500,000 house that is a value of $9,500.00 just to give you a reference point.

You can bid on this package by calling 780.444.1260 between 2-6 p.m. today.

The Cotton club Edmonton

September 13th, 2013 by michellederk@live.ca

The Edmonton Cotton Club is an approved fundraiser for the Stollery Children’s Hospital Foundation. The purpose of the event is to raise funds for the Stollery Children’s Hospital. The 2013 Edmonton Cotton Club will be held at the Venue at River Cree Resort, on Friday, October 26th, 2013.

Your support is important to the success of this fundraiser and the mission of the Stollery Children’s Hospital Foundation. We encourage donors to support the 2012 Cotton Club through sponsorship, auction items, and cash donations. Benefits for event sponsors are determined by event organizers and are not eligible for tax receipting. Tax receipts are only issued for cash donations over $25.00 and donors will be asked to submit personal information for the purpose of tax receipting.

The Stollery Children’s Hospital Foundation enhances health services for children by raising money to support the Stollery Children’s Hospital and programs that support health, prevent disease and treat illness. Funding provided by the Foundations supports heal services for children through education, research, infrastructure and acquisition of equipment.

Are you financially ready?

January 23rd, 2013 by michellederk@live.ca

I just Love this page on the CMHC web site it really help you to know “Are you financially ready” to owning a home it breaks it down from your current Household Expenses to your Monthly Debt Payments.

You then add it all up and head down to  How Much Can You Afford and the affordability rules are FANTASTIC I love Rule 1; monthly housing costs shouldn’t be more than 32% of your gross monthly income. Housing costs include your monthly mortgage payments (principal and interest), property taxes and heating expenses. This is known as PITH for short — Principal, Interest, Taxes and Heating.

 

I Really want eveyone to read this i think it is super important to know how much it RELLY costs to own a home bill,maintance and what overall life style you want to live no wantes to be a slave to home paymenall play a part

 

Click on the link below a MUST READ!

 

http://www.cmhc.ca/en/co/buho/hostst/hostst_002.cfm

Rekey all the locks in the house you just bought

January 23rd, 2013 by michellederk@live.ca

Buying a home is an exciting venture, but there can often be security risks attached to the purchase. I’m referring to those risks that are inherited – either from the builder or the previous homeowner.
Keys are a perfect example. It’s exciting to receive the keys to a new home, but you need to ask yourself whether they’re the only keys to the house.
Did the previous homeowner loan keys to caregivers, family members, neighbours or cleaning companies that may not have been returned?
This is why you need to rekey all the locks in your new home.
Rekeying should not be confused with replacing a lock. You don’t need to replace the locks in your new home to lock out the previous key. A locksmith simply disassembles the lock cylinder – the area that accepts the key – discards the old pins, and replaces them with ones that fit your new key. This is not an expensive procedure, and it usually only takes a few minutes to change several locks.

New certification program ‘a win-win’

January 23rd, 2013 by michellederk@live.ca

If you’re in the market for a pre-owned home or thinking of selling your home, you might want to look more closely at the certified pre-owned  home program.

The concept is brand new to Edmonton, one of only two cities in Western  Canada (Kelowna being the other) offering the program. Modelled after  the certified pre-owned vehicle program that has been around for some  time, the pre-owned home program has advantages for both the buyer and  the seller.

It involves an inspection by a qualified home inspector, at the seller’s expense before the home goes on the market. The seller must complete  any repairs, the house is then re-inspected and is listed as “Certified Pre-Owned.” Potential buyers receive a summary of the inspection so they know what corrections were made.

The other component to the program is a one-year home warranty provided  to the buyer. The home warranty is paid for by the seller and offers  structural coverage for the roof, siding and foundation, as well as home appliances and home systems such as interior plumbing and electrical,  hot water heater, ductwork and central heating.

The home warranty insurance is different from homeowner’s insurance, which covers damage to the home due to fire, flood or lightning and is the buyer’s responsibility.The total cost to have your home listed as certified pre-owned is around $800, including the home inspection and the home warranty insurance

$12M Ghost Lake Manor, Alberta

January 23rd, 2013 by michellederk@live.ca

Check out this home located right here in Alberta:

Defined by its exquisite craftsmanship and impeccable taste and detail, this home features more than 13,000sqft., five bedrooms, nine baths, a two-storey library and 18-seat movie theatre. The indoor pool/hot tub area features a glass roof. The gated entrance leads you down a paved circular driveway to the tennis court, picket fenced garden area, playground, island pond with cascading waterfall and bridge that leads to a private island w/covered sitting area. The property consists of 117 acres with unobstructed views of the mountains.

See all the photos at the lin below thank you to the Edmonton journal for sharing!

 

http://www.househunting.ca/edmonton/buying-homes/Gallery+Ghost+Lake+Manor+Alberta/7833063/story.html

REALTORS® Association 2013 Housing Forecast

January 23rd, 2013 by michellederk@live.ca

The REALTORS® Association of Edmonton released their annual housing forecast today at a seminar at the Northlands Expo Centre attended by 700 REALTORS® and business people. President Darrell Cook forecast that the value of MLS® sales in 2013 will increase by about 3% for the year after sales of $7 billion in 2012. This is based on a three percent increase in the number of homes sold and increased prices. Cook expects that single family homes, duplexes and rowhouses will increase on average by 2% while the average price for condos will increase by one percent next year.

“We are positioned in the best economy in Canada and perhaps the world,” said Cook. “It is hard to make a restrained forecast when we have job growth, in-migration, low vacancy rates and continuing low interest rates.”

His remarks echoed the predictions of five other speakers at the seminar including Premier Alison Redford who highlighted the value of the housing industry to the Alberta economy. Also presenting at the event were John Rose, Chief Economist for the City of Edmonton; Angus Watt from National Bank of Canada; Brad Ferguson, the President and CEO of Edmonton Economic Development Corporation; and David Lan, Senior Market Analyst from CMHC.

Cook forecast that the year-long average selling price for a single family home, sold through the Multiple Listing Service® in 2013 will increase from $382 thousand to $390 thousand. The average price for a condominium property will increase from $235,500 to $237,800. Although the inventory of available housing is low at this time of year, Cook suggested that increasing prices in the first six months will convince owners to begin listing their property and increased choice for buyers will result.

Cook suggested that, because of our solid economy, the strong interest in acreage properties will continue in 2013 and sales of recreational and vacant properties will also increase as the prices of properties in sun-belt destinations recover and local recreational properties become more comparable in price.

Commercial and industrial sales through the MLS® were up 25% in 2012 and REALTORS® expect the trend to continue next year with an increase in total value from $310 million to $320 million. There will be demand for small office/warehouse lease properties as our strong economy spawns new and expanding businesses.

The role of the REALTOR® has been much discussed in the past two years. Cook urged the members of the REALTORS® Association of Edmonton to focus on client service, education and satisfaction and to continue to demonstrate the value that the REALTOR® has brought to the community and the real estate transaction for the past 85 years.

Moderation—not correction—on tap for Canadian housing markets in 2013, says RE/MAX

December 6th, 2012 by michellederk@live.ca

http://www.remax-western.ca/news/remax-housing-market-outlook-2013

WAM: Katz announces downtown builder

February 22nd, 2012 by michellederk@live.ca
SEE MORE PHOTOS Image Preliminary interior concept sketches for possible new Edmonton arena. (SUPPLIED)

The Katz Group introduced the real estate powerhouse expected to do the heavy lifting on development around the proposed Oilers arena.

The announcement made Friday morning follows on the heels of the sale earlier this week a big chunk of Daryl Katz’s pharmacy business to a U.S. firm for just under $1 billion. He promised at the time to accelerate real estate projects.

Edmonton-based WAM Development Group (WAM) will help them develop the lands surrounding the proposed site of Edmonton’s new downtown arena at 101 St. and 104 St., immediately north of 104 Ave.

WAM will acquire a minority equity position in the properties the Katz Group currently owns and has rights to acquire around the arena. WAM will also help with the master plan, engaging architects, construction firms and other professionals, assessing economic viability and coordinating financing.

The company will manage construction, leasing and managing retail and commercial space.

The goal, said Katz Group VP John Karvellas, will be a walkable and vibrant city core.

The land surrounds the site of the planned new city-owned arena; Katz’s Oilers NHL team will be the primary tenant for the arena.

“We see great potential in developing the lands around the arena. We are extremely proud to be involved with this project and look forward to working with the Katz Group, the City and other stakeholders to create a world-class urban community in downtown Edmonton,” said Darren Durstling, a partner with WAM Development Group.

The Katz Group selected WAM following a review and evaluation of several different real estate development organizations. Financial terms of the arrangement will not be disclosed, the press release said.

WAM will not be involved in the development by the Katz Group and the City of Edmonton of the arena itself, nor the operation of the arena once it is completed, the release said.

 

The First Place Home Ownership Program

February 21st, 2012 by michellederk@live.ca

The First Place Home Ownership Program (formerly know as the First Time Home Buyer Program)  is an innovative City of Edmonton program that offers deferred land payments and reduced CMHC mortgage insurance rates. This offers first-time home buyers looking for entry level housing a financing option that puts purchasing a home within reach.

The First Place Program initiative was introduced on a “pilot basis” in 2006 in the communities of Canon Ridge and Greenview. All units in these two communities have been sold. 

PILOT SITES EVALUATION

An independent evaluation of the processes and success of the pilot projects in Canon Ridge and Greenview Village was conducted by an external consulting firm and the results were presented to City Council’s Executive Committee in July 2011.  Among their many recommendations, their report recommended the City’s Administration consult with the Canadian Home Builders Association regarding the process and criteria used to select new home builders to ensure fair and competitive opportunity for all builders.  Consultation with the Canadian Home Builders Association took place throughout the Fall 2011 to develop both process and criteria to select new home builders. 

A Request for Qualifications was issued by the City and closed in the first week of January 2012.  The City has reviewed builder submissions and has determined the builders who will now be interviewed by City representatives.  Builder interviews will occur in February and will result in the selection of home builders who will construct homes for the First Place Program. Phase 1 will commence this year in the communities of  Tawa, Caernarvon, Casselman, and Skyrattler.   Development of the remaining 14 sites will occur in additional phases over the next ten years.  See Chart

Housing Opportunities

The City of Edmonton is helping to provide new housing opportunities:

 

To assist first-time homebuyers with the costs associated with the purchase of a home, the Government of Canada introduced a FTHB Tax Credit in 2009 — a $5,000 non-refundable income tax credit amount on a qualifying home acquired after January 27, 2009. For an eligible individual, the credit will provide up to $750 in federal tax relief starting in 2009.

Updates & Feedback

We Have Answers

Keep up to date on new sites and community feedback.

Who Is Eligible

Do You Qualify?

Interested in eligibility information for the program find out more here.

 

As of June 2011, there is $23.3 billion in capital projects underway, planned or completed in the Edmonton region. (Source: Province of Alberta, Finance and Enterprise)

For more information:

First Place Homes

Telephone 780-496-HOME (4663) or call 311 in Edmonton
Fax 780-495-9916
Email firstplace@edmonton.ca
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
MLS® MLS REALTOR® Realtor