Edmonton Houses for Sale

Foreign Buyers Banned From Purchasing Edmonton Houses for Sale!

Canada’s housing crisis has come to a head. Provincial and federal governments are struggling to get a hold of the problem at hand. In British Columbia, a new presale policy has been announced to be integrated. And, foreign buyer taxes have jumped up in many provinces across the country. Despite the provincial efforts to cool the housing market in Canada, there continue to be issues surrounding supply and affordability. In an attempt to ease the housing crisis, the federal government is implementing some key changes to help Canadian buyers. Learn more about how Edmonton houses for sale will be affected by the following federal changes in the article below.

How Does the Government Plan to Make More Edmonton Houses for Sale?

The liberal government in Canada is making an effort to cool off the housing market in Canada through two main channels. Over $10 billion in funding has been allocated to help speed up construction and repairs of homes. Furthermore, the government has decided to put a ban on foreign investors purchasing real estate in Canada. As well as, introducing new tax measures to reduce speculation. 

These methods make up a large chunk of the federal budget. In order for everything to proceed smoothly, cooperation from other levels of government will be necessary. Ideally, the government’s plan is to double the number of homes built in the next 10 years. Collaboration from the government, construction companies, and citizens will be essential to the success of the budget. The housing section of the budget has a clear focus on increasing supply. Moreover, there is $4 billion set aside for municipalities to ensure that homes are being built swiftly. The money will go towards the planning and delivery of housing, with an estimated 100,000 new units in the next 5 years. 

$1.5 billion is set to be spent in the next 2 years to create 6,000 new affordable housing units through the Rapid Housing Initiative. In addition, there will be $475 million going towards rental assistance and $2.9 billion to provide housing to vulnerable Canadians. Other commitments include $600 million to attend to homelessness by creating new programs and supporting existing programs. Furthermore, $1 billion will be used to incentivize green energy use at home, including grants and loans. As well as, $150 million over the next 2 years for affordable housing in Northern Canada. 

The Liberal government has said that they will leverage $40 billion-plus in infrastructure to speed up the process across various cities. 

houses for sale in edmonton

Record High Months Continue To Add Pressure.

In February, the national average home price climbed 20% to $816,720. All the while, rental rates continue to rise. As for Edmonton houses for sale, supply and demand match current national trends. In March, 472 duplexes were put up for sale and 441 of those were sold. Thus, indicating a 93% listing-to-sales ratio! Nearly every duplex or townhome that gets listed is being sold. 

Although supply continues to be at an all-time low, spring has brought hope for buyers-to-be. More listings have surfaced now that spring is here. There has been an 8% increase in Edmonton houses for sale this March! Additionally, condo and apartment sales have started to grow. March saw the biggest year-over-year leap in sales, at 67%. In the past, condo and apartment sales were few and far between in the Edmonton market. Edmonton continues to be an affordable market for out-of-province buyers to find a home and settle down. 

The lack of supply in Canadian real estate markets is evident. The government has recognized this as the central problem in the housing crisis.  Liberals are hopeful that the budget will provide some relief for Canadian citizens. For the next 2 years, foreign buyers will be banned from purchasing Canadian real estate. Although, there are several exceptions to this measure. 

The Liberal government will also be reviewing the impact of large companies buying homes on the market. And, how they intend to stint the growing trend. A new bill of rights is proposed to include several measures to protect homebuyers. For instance, the right to a home inspection, no more blind bidding, possible mortgage deferrals, and more disclosures from real estate agents. 

Contact Us For Information on Edmonton Houses For Sale!

The real estate market is constantly fluctuating and buying Edmonton houses for sale can appear intimidating. However, with the help of an experienced REALTOR® in the Edmonton area, the process is much less daunting. If you have any questions or concerns about buying Edmonton houses for sale, contact us today. Don’t hesitate to reach out if you’re curious about the government’s plans for an increased housing supply. Our team can put you in touch with the resources you need to get your real estate goals on track. We look forward to working with you in the near future!

Scott Storry

Quick summary of me: Dad, Husband, Friend, Son, Brother, Uncle, Beer League Hockey Player, Dodgeballer, Occasional golfer and snowboarder, hot-tub lover, Real Estate Investor, Handyman/Renovator

As a Husband to a very understanding wife (and my own personal graphic designer) and Father of two busy young children trying to maintain a work/life balance, I understand the value of your time and and my time therefore I offer a streamlined process to get you where you want to be in a timely manner ensuring that you receive the service you need. To make this possible I partner with fellow St. Albert Realtor Mike Kinsella to ensure our clients needs are taken care of and our work/life balance can be possible. Please see some of the testimonials of satisfied buyers and sellers

I have been a part of the Edmonton and area real estate market for many years both in new home construction, renovations, investing and as a REALTOR ®. Through my experiences in the real estate market I have gained hands on knowledge of how homes are designed, built and maintained. Because of this experience I offer my clients a wealth of information that will help them make one of the biggest decisions in their life. Also, having lived in the Edmonton area for over 35 years I have a great sense of the city and the surrounding communities as well as the property values in these areas. I take professional and personal pride in keeping my clients up to date on market trends, news and have in-depth knowledge of the subtleties of purchasing and selling real estate in Edmonton, St. Albert, Morinville and surrounding areas.

Also, because I have worked with many industry professionals you can find links to their websites as well. Any questions you do have, whether it is buying your first home, investment property or if you require a Comparative Market Analysis on your current home, I would be glad to help.

Contact Me
RE/MAX Elite
Office: 780-406-4000
Mobile: 780-707-3557
Email: sold@scottstorry.com

Scott’s Listings

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$164,900 - 1041.96 Sq.Ft

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OVER 1000SQFT, 2-BEDROOM, 2 STOREY CONDO ideally located in the Ermineskin neighbourhood within WALKING DISTANCE TO CENTURY PARK LRT STATION! The private entrance leads to the mudroom with plenty of closet space and opens to the living room with wood burning fireplace and large balcony. The kitchen flows into the dining area and large versatile storage room. Upstairs you will…


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Welcome RE/MAX Elite Riverbend

RE/MAX ELITE, the leading Real Estate brokerage in Edmonton & Sherwood Park Alberta, is expanding its footprint even further, with the acquisition of a top performing RE/MAX office in the Riverbend area of Edmonton.

The new office, RE/MAX ELITE Riverbend, located in the Terwilligar Heights Shopping Centre at 14717 40 Ave NW, Edmonton becomes the 5th RE/MAX ELITE office in Edmonton & area.

“Since becoming an owner, I have believed that the way to build a strong Brokerage was to bring in the Best REALTORS® to serve our communities by offering exceptional support platforms, a positive & collaborative culture and a brand backed by superior service. This acquisition added 30 REALTORS® to our dynamic RE/MAX Elite team. We are looking forward to leveraging the RE/MAX Elite brand and growing our presence in Riverbend and surrounding area” – Paul Blais, Owner & Managing Partner of RE/MAX ELITE.

The REALTORS® who worked with the former RE/MAX Real Estate Centre office will continue to provide excellent support to their clients under new RE/MAX ELITE brand. Gary Krutzfeldt – previous Broker / Owner of RE/MAX Real Estate Centre, who is excited about the changes, “RE/MAX ELITE is bringing new support and technology, and is one of the most recognized brands with an outstanding reputation in the industry!” he commented, “the REALTORS®, along with myself, are excited about this change and know working within the RE/MAX Elite brand it will continue to help us better serve our clients.”

Renovations will soon be under way to upgrade the current Riverbend office and are estimated to be completed in Fall and operations will not be interrupted during the process. RE/MAX Elite will host a grand opening celebration in the coming months to celebrate the RE/MAX ELITE Riverbend office’s opening.
RE/MAX ELITE Owner & Managing Partner, Paul Blais says there’s no better time to reach out to an ELITE REALTOR® than now. “There are many opportunities that exist in today’s market, especially for first time homebuyers,” said Blais. “Being present in the Riverbend area, is an excellent way to serve members of our community.”

About RE/MAX ELITE
RE/MAX ELITE is a full-service real estate brokerage in Edmonton operating 5 offices – RE/MAX Elite Riverbend, RE/MAX Elite Central, RE/MAX Elite North, RE/MAX Elite Sherwood Park and RE/MAX Elite Windermere. Our organization is committed to helping our REALTORS® build their business on a foundation of ethics, integrity, commitment and hard work. We serve our independent business owners by offering outstanding support systems, business networking opportunities, training, coaching and technology. In turn, our agents are diversely rich in knowledge and experience, and most importantly…really GREAT people.
For more information visit: www.eliterealestateyeg.ca

About the RE/MAX Network:
RE/MAX is recognized as one of the leading real estate franchise companies with the most productive sales force in the industry and a global reach of more than 80 countries. With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $100 million for Children’s Miracle and other charities. Nobody in the world sells more real estate than RE/MAX. Please visit www.remax.com or www.joinremax.com/eliteyeg

Marcel de Moissac

Marcel has been in the Real Estate industry for 9 years now, in those 9 years he has been fortunate enough to work alongside some great people and help amazing clients! One major thing that separates Marcel and his business partner Ricky Hill from the rest of the pack is how involved they are in the real estate market on a personal level.

Here are a list of real estate transactions that have been completed by themselves personally AND acted on behalf of clients:

BUYING AND SELLING RESIDENTIAL PROPERTY
HOME RENOVATIONS – “Flipping”
INFILL Home Construction
Subdividing Lots
Property Rezoning
Basement Suite Legalization
Garage Suite Construction
Commercial Space Leases
Multi-Family Commercial Investment Properties
Multi-Family Residential Investment Properties
BUYING AND SELLING ACREAGES/COUNTRY RESIDENTIAL

Marcel & Ricky do just about ANYTHING and EVERYTHING Real Estate Related which has exponentially increased their real estate knowledge.

Ultimately – this creates a better experience for yourself or your referrals with buying or selling which is their ultimate goal: THE BEST experience, real estate shouldn’t be daunting, it should be FUN!

Contact Me
RE/MAX Elite
Office: 780-406-4000
Mobile: 780-995-5282
Email: mdemoissac@remax.net
Visit Me Online
http://malmomarcel.com/
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