What are HOA?

When developers build a community, some will include amenities. These amenities are for the community and are paid for by the community. In addition, some HOAs add rules to protect the community's property value.

These fees may include

  • Maintaining the community's aesthetic.
  • Maintaining amenities such as community pools, halls, skating rinks, etc.
  • Snow clearance during winter.
  • Garbage collection.
  • Stormwater runoff.
  • Pathways and roads.
  • Maintenance of entrance features.
  • Repair and maintenance of landscaping.

These responsibilities vary from community to community. Typically, the more the amenities, the higher the fees.

HOA Fees in Edmonton

Over recent years, the city of Edmonton has seen the…

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Buying real estate is an emotional business. You're about to make one of the biggest financial decisions of your life.

These are some of the typical feelings buyers are likely to experience.

Uncertainty
This is common when you're poised to make a big decision. Crunch the numbers to help ease this anxiety. If the math makes sense, then so does your decision.

Nervous
Many folks worry about talking to a bank mortgage specialist or mortgage broker. Mostly, they're worried about hearing the word "no" and having plans derail. So, prepare thoroughly for the encounter. Get your down payment savings as high as possible and ensure your credit score is in good shape. Avoid job-hopping and pay off as much debt as possible.

Super-excited
It's hard to…

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Imagine you see a home advertised for sale in a desirable neighbourhood. However, you find out the property is listed well above comparable sales in the area. In other words, above its market value. Is that listing still worth seeing? There are many reasons why sellers might list their property for a price that seems way above the market. The home might have highly desirable features that make it worth a premium, such as a spacious backyard or a finished basement. Or, the seller might assume (often mistakenly) that listing high will result in higher-priced offers. In either case, the home is likely worth a closer look, especially if it otherwise checks most or all of the boxes on your wish list. If there are additional features that have driven up the…

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In today's DIY culture, it's tempting to tackle every home repair or improvement project yourself. While there's satisfaction in completing tasks independently, some situations demand the expertise of a professional. Ignoring these signs and attempting to fix issues solo can lead to costly mistakes or even pose safety risks. Knowing when to call in a professional can save you time, money, and headaches in the long run. Here are some key signs that indicate it's time to pick up the phone and seek professional help.
Electrical Issues: Electrical problems are not only inconvenient but can also be hazardous if mishandled. Signs such as flickering lights, frequent tripped circuit breakers, or outlets emitting sparks should never be ignored. These issues could…

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The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

The Bank expects the global economy to continue growing at a rate of about 3%, with inflation in most advanced economies easing gradually. The US economy has again proven stronger than anticipated, buoyed by resilient consumption and robust business and government spending. US GDP growth is expected to slow in the second half of this year, but remain stronger than forecast in January. The euro area is projected to gradually recover from current weak growth. Global oil prices have moved up, averaging about $5 higher than assumed in the January Monetary Policy…

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Canada Mortgage and Housing Corporation (CMHC) just released their national housing market outlook for 2024, which included a positive forecast for Edmonton. 

"The positive outlook is likely to continue in the short term, supported by employment gains across various sectors...Moreover, relative housing affordability and lower living costs in Edmonton are anticipated to continue attracting both international and interprovincial migrants, leading to higher population growth. The house market is projected to remain active over the forecast horizon, supported by strong demand fundamentals." 

If you have any questions, or would like to discuss what this might mean for you, please do not hesitate to contact us!

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When you’re preparing your home for a sale or a good spring clean, you should declutter as much as possible. That makes your property appear neater and more spacious to buyers. However, that doesn’t mean you have to toss items in the trash or haul them to a landfill site. There are many other, more environmentally-friendly ways to dispose of unwanted items. One popular technique is to sell them online. Even if you think an old chair isn’t worth much, as the saying goes, “One person’s junk is another’s treasure.” There are several websites for selling items quickly, including Facebook Marketplace. In fact, you can list items today and potentially sell them this week. Just be sure to set prices low, as people tend to look for deals on these sites. You…

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!JUST LISTED! !!OPEN HOUSE Sat April 6th 2pm-4pm!! 275052 RR 23, Rural Rocky View County https://www.peshketeam.com/.../a2118169-275052-range.../  https://www.youtube.com/watch?v=4P5EJtjD-_s  $1,399,000 MLS A2118169  Private 20 Acres Just NW Of Airdrie, Fenced & Cross Fenced  Walkout Bungalow With 2 Living Quarters & 2 Kitchens  3 Bedrooms  4.5 Bathrooms Oversized Attached Garage & 3 Large Outbuildings  Call/message us for more details: 403-681-0319 Welcome to your retreat! This walkout bungalow on 20 acres is designed for flexible living arrangements, perfect for accommodating extended family, guests, or even rental opportunities. With a layout tailored to…

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