The coming real-estate boom in Edmonton.

March 27th, 2012 by aminasai

Experts predict that there is a coming real estate boom in Edmonton and the time to buy or sell a home in Edmonton or is right now.

The Capital city of the Province of Alberta, Edmonton has a population estimated at 710,000 people but, when you include the greater Edmonton area, that population is closer to 1,040,000. Edmonton incorporated as a city in 1904 with a population of about 8,000 and became the capital of Alberta a year later. Edmonton is known as the Gateway to the North and it is the main land route to the Yukon.

Edmonton is the closest major city to the lucrative oil sands projects in northern Alberta. The projects have attracted almost $140 billion in revenue and new growth to the province, and people are flocking to the area in search of jobs.  With unemployment at approximately 3 percent, Edmonton has redefined the concept of “full employment”; job opportunities far outnumber potential workers.

In the current US real-estate market a housing demand that outstrips supply is almost unheard of but conditions are radically different in Alberta, which is facing a housing shortage and rapid price acceleration, much to the delight of property owners, who haven’t seen values increase by this much since 2006/7.  The population influx has also driven rental vacancy rates to less than 1 percent in Edmonton and the surrounding areas.

The reason for the boom is very simple; the oil sands in Northern Alberta. Almost 70% of these oil-rich areas still remain open for lease and exploration, and the need for skilled workers keep rising.  Add to that the fact that the United States would rather import their oil from Canada and you can see why Alberta has been the largest oil supplier and gas supplier to the US for 6 years in a row.

Adding to the Edmonton real-estate boom is the fact that the city has a thriving post-secondary education sector and also has a large technology sector that employs thousands of people including General Electric, Dell, IBM and Intuit to name a few.

The corridor between Edmonton and Calgary has always been the most important real estate area in the province, and since the oil boom of 1947 started in Leduc the growth has been unstoppable. Traditionally Edmonton real estate has not been as volatile as Calgary, and has not seen their sky-high prices. The oil sands and the 21st Century energy boom may change all that.

Buying a home in Edmonton

March 20th, 2012 by aminasai

Let me guide you through the process of buying a home in Edmonton or the surrounding areas.

If you are ready to buy a home or even thinking of buying a home in Edmonton or it’s surrounding areas and are unsure of the process look no further, I am here to help…

You will be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future and establishing a home your family they can call their own. Your hard-earned dollars contribute to your mortgage, not a landlord’s and over time your home will increase in value and the equity you earn is ultimately yours!

My “buying a home in Edmonton” guide will take you through a step by step process to help you determine the type of home ownership that is right for you. To make your home buying experience as pleasant as possible, I have included informative articles on mortgages, house hunting, making the offer, closing details, moving and much more.

Pre-shopping
Before you start thinking about buying a home in Edmonton, give some thought to your lifestyle, the features you need and want, affordability, and the neighborhoods you prefer. Determining the features that are most important to you will bring you closer to finding your perfect home.

Arranging a mortgage
Prior to buying a home in Edmonton, it is usually recommended to look into getting a pre-approval on a mortgage. As most people require a mortgage to purchase a home, this section explains mortgage types, terms and how to qualify.

Viewing Homes
Choosing a home is both an emotional and a financial decision for your future. By making the most out of your home viewing experience, you can learn how you can avoid costly errors that could lead to future problems.

The Offer
Are you ready to put an offer on a home? This section explains the components of an offer and how it forms an essential part of your purchase.

Closing
Buying a home in Edmonton is more than simply picking your dream home. This section will explain the importance of hiring the right professionals to ensure you are legally protected.

The Move
Are you looking for tips and tricks on how to make your move more manageable? This section offers insights on how to make the most of your move.

Have a browse through the properties I have listed and lets get you through the process. Click here and lets start buying a home in Edmonton.

With local Edmonton Remax Realtor Amina Sai it doesn’t cost extra to work with the best.
It only costs more when you don’t.
I make buying a home In Edmonton, worry free.

Amina Sai, RE/MAX Elite
17-8103 127 Avenue, Edmonton, Alberta, T5C 1R9
Tel: 780.406.4000 Cell: 780.905.5566 Fax: 780.406.8777
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton
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