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        <title>Blog</title>
        <link>https://www.elkefraser.com/blog/</link>
        <description></description>
<item>
    <guid>https://www.elkefraser.com/blog/edmonton-multi-family-sales-reported-as-of-november-2024---jfsells-mfc-yeg/</guid>
    <link>https://www.elkefraser.com/blog/edmonton-multi-family-sales-reported-as-of-november-2024---jfsells-mfc-yeg/</link>
        <author>john@jfsells.com (John Fraser)</author>
        <title>Edmonton Multi-Family Sales Reported as of November 2024 - JFSELLS MFC YEG </title>
    <description> <![CDATA[ 

Interested in Multi-Family Commercial Investment? 


Check out the latest sales Here (Reported as of Nov 2024):Last 90 days sold with CAP Rate when provided (proofed/not)



 ]]> </description>
    <pubDate>Tue, 07 Jan 2025 09:38:00 -0700</pubDate>
</item>
<item>
    <guid>https://www.elkefraser.com/blog/yeg-real-estate-results-december-2024--jfsellscom/</guid>
    <link>https://www.elkefraser.com/blog/yeg-real-estate-results-december-2024--jfsellscom/</link>
        <author>john@jfsells.com (John Fraser)</author>
        <title>YEG REAL ESTATE RESULTS DECEMBER 2024 – JFSELLS.COM</title>
    <description> <![CDATA[ 
Low inventory sets stage for continued seller’s market. Edmonton, January 3, 2025



 ]]> </description>
    <pubDate>Tue, 07 Jan 2025 06:37:00 -0700</pubDate>
</item>
<item>
    <guid>https://www.elkefraser.com/blog/2024-marks-another-strong-year-for-sales--price-growth/</guid>
    <link>https://www.elkefraser.com/blog/2024-marks-another-strong-year-for-sales--price-growth/</link>
        <author>info@peshketeam.com (Billy Peshke)</author>
        <title>2024 Marks Another Strong Year For Sales &amp; Price Growth</title>
    <description> <![CDATA[ 















The year ended with 1,322 sales in December, a three per cent decline over last year, but nearly 20 per cent higher than long-term trends. Overall sales in 2024 were just shy of last year’s levels, as gains for higher-priced homes offset pullbacks in the lower price ranges caused by supply challenges.“Population gains over the past several years have supported sales activity that has outperformed long-term trends. In 2024, sales would likely have been higher if there was more supply choice, especially in the lower price ranges,” said Ann-Marie Lurie, Chief Economist at CREB®. “That being said, we did start to see shifts occurring in the market in the second half of the year as supply levels started to improve for higher priced homes.” As of December, there were 2,989 units available in inventory, still below long-term trends for the month but a significant improvement over the lower levels reported last December and levels reported early this year. Improved rental choice and significant gains in new home activity helped boost new listings in the resale market, driving higher inventories in the year's second half. While conditions vary depending on price range and property type, more housing options have helped to take some of the pressure off home prices, which stabilized in the second half of the year following steep gains in the spring. Overall, on an annual basis, total residential benchmark prices improved by over seven per cent. As we move into 2025, supply will continue to be a dominant theme. However, how they impact prices will ultimately depend on the type of supply being added and how demand holds up in the face of a changing economic climate. On January 21, CREB® will release its forecast report, highlighting the expectations and risks facing the market in the coming year.
























 
























Detached


Easing lending rates have likely supported some recent year-over-year gains in detached home sales over the past three months. Improving sales were driven by gains for homes over $600,000, which also reported improvements in new listings. Inventory levels did improve within city limits for detached homes; however, conditions varied across districts. The City Centre, North East and North District all reported relatively balanced conditions over the last quarter of the year, while all other districts continued to struggle with seller market conditions. 


The relatively tight market conditions throughout the year caused prices to rise by nearly eleven per cent in 2024, a faster pace than what was reported in 2023. Much of that growth occurred during spring when supply levels were exceptionally low. Prices grew across all districts, with the strongest growth occurring in the most affordable districts of the North East and East. 

 

Semi-Detached


Limited supply choice for lower-priced detached homes drove many purchasers toward the semi-detached sector. In 2024, there were 2,355 sales, with an annual gain of five per cent. Thanks to gains in new listings relative to sales, inventory levels started to improve, supporting a shift toward more balanced conditions by the fourth quarter. However, much of this shift occurred in the higher-priced City Centre district, where the months of supply averaged three months in the last quarter. 


The annual average benchmark price increased by nearly 11 per cent to $669,042 in 2024. Like detached homes, exceptionally tight conditions throughout the spring caused the pace of price growth to rise over the seven per cent annual gain reported in 2023. Prices improved across all districts, ranging from an annual gain of under 10 per cent in the City Centre and West to gains exceeding 15 per cent in the North East and East districts.

 

Row

In 2024, there were 4,647 row home sales, a gain of over two per cent compared to last year and the second-highest total on record. The growth in sales was possible thanks to the 18 per cent gain in new listings, most of which occurred for homes priced above $400,000—the gains in new listings relative to sales supported inventory growth in 2024. By the year's end, supply improvements helped take the pressure off home prices. However, the annual benchmark price rose by 14 per cent as conditions favoured the seller throughout the year. Prices rose across all districts in the city, with the gains ranging from a low of 12 per cent in the city centre to over 20 per cent in the most affordable districts in the North East and East. 

Apartment Condominium

Easing sales in the second half of the year offset earlier gains, causing apartment sales to slow by four per cent compared to last year. However, last year was a record high for sales, and the 7,568 transactions this year reflect the second-highest year on record. At the same time, new listings have been on the rise, supporting inventory gains and a shift toward more balanced conditions by the end of the year. As more supply became available, we did see some price adjustments in the last quarter of the year. However, the quarterly decline did not offset the strong gains that occurred earlier in the year, and the annual benchmark price rose by 15 per cent. Price growth ranged from a low of 11 per cent in the city centre to over twenty per cent in the North East, East and South districts.  

REGIONAL MARKET FACTS


Airdrie


Despite some recent pullbacks, sales activity reached 1,951 units in 2024, a gain of over four per cent compared to last year. The gain, in part, was possible thanks to a boost in new listings that helped add some much-needed supply to the Airdrie market. Much of the inventory gain occurred in the later portion of the year, causing the months of supply to push above two months in September and improve throughout the last quarter of the year.


The shift toward more balanced conditions took some pressure off prices over the last quarter of the year. However, on an annual basis, the benchmark price rose by nearly eight per cent, a faster pace than the previous year. Prices rose across all property types, with faster growth occurring for the relatively more affordable higher-density homes.

 

Cochrane

Market conditions in Cochrane favoured the seller throughout most of the year as strong sales relative to new listings prevented any significant shift in inventory levels. However, by the last quarter of the year, we started to see more new listings relative to sales, causing the sales-to-new listings ratio to ease to levels more consistent with balanced conditions. This helped support some inventory gains; however, over the last quarter of the year, inventory levels were still well below long-term trends for the area. The inventory gains relative to sales in the later part of the year did push the months of supply above two months. This helped take some of the pressure off home prices but not enough to offset earlier gains. Overall, the annual benchmark price rose by nearly nine per cent averaging $565,808 in 2024. 

Okotoks

New listings rose by 16 per cent in 2024, supporting sales growth of nearly eight per cent. The gains in new listings also helped support some gains in inventory levels this year. However, throughout most of the year, inventory levels were half the levels traditionally seen in the market and have not been high enough to change the seller market conditions that have persisted in Okotoks since 2021. The tight market conditions drove further price growth this year and at a faster pace than last year. Benchmark prices in Okotoks averaged $615,708 in 2024, nearly eight per cent higher than last year. Several years of price growth caused a rise in activity for semi-detached and row-style units, driving tighter conditions in those sectors and priced growth that exceeded 11 per cent on an annual basis.










 ]]> </description>
    <pubDate>Fri, 03 Jan 2025 09:33:00 -0700</pubDate>
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    <guid>https://www.elkefraser.com/blog/welcome-to-the-family-december-2024/</guid>
    <link>https://www.elkefraser.com/blog/welcome-to-the-family-december-2024/</link>
        <author>websupport@maxwellrealty.ca (MaxWell Realty Admin)</author>
        <title>Welcome to the Family December 2024 </title>
    <description> <![CDATA[ 

 ]]> </description>
    <pubDate>Tue, 31 Dec 2024 08:00:00 -0700</pubDate>
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<item>
    <guid>https://www.elkefraser.com/blog/new-years-real-estate-resolutions/</guid>
    <link>https://www.elkefraser.com/blog/new-years-real-estate-resolutions/</link>
        <author>websupport@maxwellrealty.ca (MaxWell Realty Admin)</author>
        <title>New Year's Real Estate Resolutions</title>
    <description> <![CDATA[ 
New Year's Real Estate Resolutions: Making 2025 Your Year for Success


As we welcome 2025, many Canadians are reflecting on their housing goals and aspirations. Whether you're planning to buy your first home, upgrade to a larger space, or invest in property, the new year presents an opportunity to transform these dreams into reality. At MaxWell Realty, we've guided countless families through their real estate journeys, and we've learned that success often starts with clear, actionable resolutions.


Setting Smart Real Estate Goals for 2025


The start of January brings a surge of motivation, but lasting success requires more than just enthusiasm. Consider breaking down your real estate goals into manageable monthly steps. Whether you're aiming to buy your first home or sell your current property, a structured approach turns aspirations into achievements.


Financial Preparation: Your Foundation for Success


Start the year by reviewing your financial position. Focus on these key areas:


Credit Score Enhancement


Review your credit report and work on improvements. Even small increases in your credit score can lead to significant savings on mortgage rates.


Savings Strategy


Create a specific monthly savings target rather than a vague goal to &quot;save more.&quot; While the minimum down payment is 5 for homes under $500,000, a larger down payment can significantly reduce your monthly mortgage payments.


Market Education: Your Competitive Advantage


Make it your resolution to understand your target neighborhoods. Research:




Historical price trends


Planned developments


School ratings


Transit accessibility


Future growth potential




Stay informed about market conditions, interest rate forecasts, and policy changes that could affect your real estate decisions. Your MaxWell agent can help interpret these trends for your specific situation.


Practical Steps for Success




Schedule a Financial Review Meet with a mortgage professional to understand your current position and create an improvement plan if needed.


Create a Property Wishlist Distinguish between must-have features and nice-to-have amenities to streamline your search.


Build Your Real Estate Team Connect with a MaxWell agent who can guide you through the entire process, from market education to successful closing.




Technology and Modern Resources


At MaxWell Realty, where real estate happens™, we combine traditional expertise with modern technology. Familiarize yourself with virtual tour platforms, online mortgage calculators, and market analysis resources to make informed decisions.


Your Next Steps


As you set your real estate resolutions for 2025, remember that you don't have to navigate this journey alone. MaxWell Realty's experienced agents are ready to help transform your property goals into reality. Whether you're buying, selling, or investing, we provide the expertise, technology, and support to make 2025 your year for real estate success.


Contact your local MaxWell agent today to start turning your real estate resolutions into reality. After all, this is where real estate happens™.
 ]]> </description>
    <pubDate>Mon, 30 Dec 2024 10:00:00 -0700</pubDate>
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    <guid>https://www.elkefraser.com/blog/events-around-calgary-over-the-holidays/</guid>
    <link>https://www.elkefraser.com/blog/events-around-calgary-over-the-holidays/</link>
        <author>info@peshketeam.com (Billy Peshke)</author>
        <title>Events Around Calgary Over the Holidays</title>
    <description> <![CDATA[ 




Looking for something to do with friends &amp; family over the holidays?


Check out All Events Calgary for ideas
 ]]> </description>
    <pubDate>Thu, 19 Dec 2024 14:02:00 -0700</pubDate>
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<item>
    <guid>https://www.elkefraser.com/blog/home-for-the-holidays/</guid>
    <link>https://www.elkefraser.com/blog/home-for-the-holidays/</link>
        <author>websupport@maxwellrealty.ca (MaxWell Realty Admin)</author>
        <title>Home for the Holidays</title>
    <description> <![CDATA[ 


Home for the Holidays: Making Real Estate Decisions During the Festive Season


While many assume the real estate market hibernates during the holidays, experienced MaxWell agents know this season offers unique opportunities for both buyers and sellers. As families gather and reflect on their housing needs, the holiday period can be an ideal time to make real estate moves. 


The Holiday Market Advantage


For sellers, the season presents several benefits. Holiday décor can help potential buyers envision their own future celebrations in the space, creating emotional connections that often lead to stronger offers. With fewer active listings, your property can stand out to serious buyers who are often motivated by year-end considerations.


When the Thompsons listed their Edmonton home last December, they discovered these advantages firsthand. By maintaining flexible showing hours around holiday gatherings and creating an inviting atmosphere, they attracted motivated buyers and sold within two weeks.


Smart Strategies for Holiday Success


Whether buying or selling during the holidays, consider these market-tested approaches:


For sellers:




Keep decorations tasteful and minimal to showcase your home's best features


Maintain excellent curb appeal despite winter weather


Ensure walkways are clear and exterior lighting is welcoming during shorter winter days




For buyers, the holiday season often means less competition and more motivated sellers. Work with your MaxWell agent to leverage this timing advantage. Use this typically slower period to thoroughly evaluate properties without the pressure of spring and summer's competitive market.


Planning Ahead


The holiday season also provides an excellent opportunity to plan for future real estate moves. Whether you're considering selling in the spring or starting your home search in the new year, your MaxWell agent can help you understand current market conditions and position yourself for success.


As we celebrate another holiday season, remember that real estate opportunities don't stop for winter. Contact your local MaxWell agent today to discuss how we can help you achieve your real estate goals. After all, this is Where Real Estate Happens™, even during the most wonderful time of the year. Happy Holidays 





 ]]> </description>
    <pubDate>Thu, 19 Dec 2024 13:45:00 -0700</pubDate>
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    <guid>https://www.elkefraser.com/blog/wild-wednesdaylate-simmer-pots/</guid>
    <link>https://www.elkefraser.com/blog/wild-wednesdaylate-simmer-pots/</link>
        <author>info@peshketeam.com (Billy Peshke)</author>
        <title>Wild Wednesday(Late) Simmer Pots</title>
    <description> <![CDATA[ 




Well, with the hustle &amp; bustle this time of year, I completely missed Wild WednesdayI was/am so excited for this one, because I absolutely love Simmer PotsDo you have any favorite recipes?Special thanks to Hello Bloom Creative for her great recipe
 ]]> </description>
    <pubDate>Thu, 19 Dec 2024 10:14:00 -0700</pubDate>
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<item>
    <guid>https://www.elkefraser.com/blog/winter-home-buying-in-canada/</guid>
    <link>https://www.elkefraser.com/blog/winter-home-buying-in-canada/</link>
        <author>websupport@maxwellrealty.ca (MaxWell Realty Admin)</author>
        <title>Winter Home Buying in Canada</title>
    <description> <![CDATA[ 
Winter Home Buying in Canada: Your Guide to Off-Season Opportunities


While many house hunters hibernate during the winter months, savvy buyers know that the cold season can offer unique advantages in the real estate market. As experienced MaxWell agents have observed, winter house hunting often leads to excellent opportunities for prepared buyers.





Why Consider Winter Home Buying?


The winter real estate market typically features less competition from other buyers, more motivated sellers, and the chance to see how properties perform in challenging weather conditions. These factors can create favorable conditions for buyers who are ready to act.


Key Benefits of Winter House Hunting


See the True Property Performance


Winter viewing allows you to evaluate crucial factors like:




Heating system efficiency during cold weather


Insulation and draft prevention


Winter drainage and snow removal systems


Natural light levels during shorter days




Better Negotiation Opportunities


Winter sellers often have compelling reasons for listing during the off-season, which can lead to:




More room for price negotiations


Greater flexibility in terms


Faster response times to offers




Essential Winter House Hunting Tips


Preparation Matters


Before starting your winter home search:




Secure mortgage pre-approval


Plan viewings during daylight hours


Work with an experienced agent who knows local winter market patterns




What to Watch For


During winter viewings, examine:




Signs of drafts or cold spots


Roof condition, especially regarding ice formation


Evidence of winter-specific leaks


Winter maintenance requirements




Making Your Winter Purchase Successful


Your MaxWell agent will help you navigate winter-specific considerations, from property evaluation to closing timing. Remember that winter buying requires a slightly different approach, but the potential benefits can make it worthwhile for prepared buyers.


Ready to explore winter buying opportunities? Contact your local MaxWell agent to discuss how we can help you find your ideal home during the winter season.


Where Real Estate Happens™ – even in the depths of winter.
 ]]> </description>
    <pubDate>Tue, 17 Dec 2024 08:02:00 -0700</pubDate>
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    <guid>https://www.elkefraser.com/blog/just-listed-1108-veterans-ave-crossfield/</guid>
    <link>https://www.elkefraser.com/blog/just-listed-1108-veterans-ave-crossfield/</link>
        <author>info@peshketeam.com (Billy Peshke)</author>
        <title>JUST LISTED 1108 Veterans Ave, Crossfield</title>
    <description> <![CDATA[ 




































JUST LISTED









1108 Veterans Ave, Crossfield









https://www.peshketeam.com/.../a2182883-1108-veterans.../









https://youriguide.com/1108_veterans_ave_crossfield_ab









$742,000 MLS A2182883









Fully Developed Walkout Home


Main Floor Office, Suited Walkout Basement


4 Bedrooms


3.5 Full Baths


Heated Triple Attached Garage









Call/message us for more details: 403-681-0319









Discover this stunning, fully developed 2-storey home with a walkout basement (illegal suite) that perfectly blends style &amp; functionality. Situated in a desirable community with easy access to parks, schools, pathways, &amp; the QE2, this home offers something for everyone. The main floor features an open-concept design with a large, tiled front entry &amp; a convenient office tucked just off the entrance. The garage entry offers ample space for a bench, while a discreetly located 1/2 bath completes the layout. The kitchen has full height cabinets, a large island, plenty of prep space, pantry, stainless steel appliances including the built in oven a &amp; microwave &amp; leads into the family room with built-ins a gas fireplace. A spacious nook off the kitchen provides access to the deck that has a gas line, ideal for outdoor dining or relaxing. Upstairs, you’ll find 3 spacious bedrooms, including a luxurious primary suite with a walk-in closet &amp; a full ensuite featuring dual sinks, a soaker tub, &amp; a walk-in shower. A large bonus room &amp; upstairs 1st laundry add to the convenience. The walkout basement is fully developed &amp; includes an (illegal) suite, perfect for extended family. The area includes a family room with a gas fireplace, a dining area, a well-appointed kitchen with plenty of cabinets &amp; pull-out drawers, a spacious bedroom with dual closets, a full 3-piece bathroom, a second laundry plus extra storage. The backyard is fully fenced &amp; features a shed, plenty of play space, &amp; a concrete patio with a covered area under the deck, offering year-round enjoyment. A triple., heated attached garage completes the package. This home truly has it all—don’t miss your chance to make it yours




























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    <pubDate>Fri, 13 Dec 2024 11:21:00 -0700</pubDate>
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