275499697122842
Edmonton New Home Builders - Trends and Market Updates 1 March 2024

Net Zero vs. Net Zero Ready Homes: Understanding the Future of Home Construction

Net Zero vs. Net Zero Ready Homes: Understanding the Future of Home Construction

 

The evolution of residential construction is steering towards sustainability and energy efficiency, with Net Zero and Net Zero Ready Homes at the forefront of this movement. These homes represent the pinnacle of energy-efficient living, offering homeowners the opportunity to reduce their carbon footprint, lower energy costs, and live in a more environmentally friendly way. But what differentiates Net Zero from Net Zero Ready Homes? This guide explores the distinctions, benefits, and considerations of each, providing valuable insights for homeowners and builders alike.

What are Net Zero Homes?

Net Zero Homes are designed and built to produce as much clean energy as they consume over the course of a year. Achieving up to 80% more energy efficiency than typical new homes, these properties use renewable energy systems, such as solar panels, to generate power for heating, cooling, and electricity. The result is a home that has a net zero energy bill and a significantly reduced carbon footprint​​.

What are Net Zero Ready Homes?

Net Zero Ready Homes are constructed with the same high standards of energy efficiency as Net Zero Homes but do not include the installation of renewable energy systems at the time of construction. These homes are essentially pre-equipped to become Net Zero Homes, allowing homeowners the flexibility to add renewable energy solutions, like solar panels, at a later date. The primary advantage is the potential for future upgradeability, making them an attractive option for those planning to transition to a fully renewable energy-powered home​​.

Key Differences

The main distinction between the two lies in the integration of renewable energy systems. While both home types are built to the same efficiency standards, Net Zero Homes come with renewable energy solutions installed, making them immediately capable of offsetting their energy use with clean energy production. Net Zero Ready Homes, meanwhile, are primed for future installations of these systems, offering a path to achieving Net Zero status down the line​​​​.

Considerations for Homeowners

Choosing between a Net Zero and a Net Zero Ready Home involves several considerations:

  • Upfront Investment: Net Zero Homes typically require a higher initial investment due to the cost of renewable energy systems. However, they offer immediate energy savings and a lower environmental impact​​.
  • Future Flexibility: Net Zero Ready Homes provide flexibility, allowing homeowners to invest in renewable energy systems when it’s financially feasible or when technology advances​​.
  • Energy Efficiency Features: Both types of homes include features such as extra insulation, high-performance windows, and efficient heating and cooling systems, which contribute to their superior energy performance​​.

Net Zero and Net Zero Ready Homes are at the cutting edge of sustainable residential construction, offering efficient, eco-friendly living options for the modern homeowner. Whether opting for the immediate benefits of a Net Zero Home or the future-proofing approach of a Net Zero Ready Home, both choices pave the way for a greener, more sustainable future. As technology advances and the push towards renewable energy grows stronger, these homes not only represent a wise investment in the environment but also in our collective future.

If you’re interested in further discussion on Net Zero, let’s talk!

Chris Reid Edmonton Realtor

🌐 Sources

Edmonton Guidelines & Programs 28 February 2024

Why Are Houses So Cheap in Edmonton?

Why Are Houses So Cheap in Edmonton?

The affordability of houses in Edmonton is influenced by several factors:

 

Geographical Advantage:

Edmonton’s position in a broad, flat plain facilitates easier and more cost-effective construction compared to cities with challenging terrains. This geographic factor significantly lowers the barriers to expanding residential areas, keeping land prices relatively low and making it easier to build in every direction [1].

 

Market Dynamics:

Edmonton’s real estate market is influenced by its inventory levels and demand. Unlike Calgary, which has experienced record low inventory and high demand leading to higher prices, Edmonton’s housing market has managed to maintain a balance that favors affordability [2].

 

Comparative Affordability:

When comparing Edmonton to other major Canadian cities, it’s evident that Edmonton’s housing prices are more affordable. This affordability is attributed to the availability of cheap land on the peripheries of the city, which helps keep even the inner-city property values more reasonable [3].

 

Economic Factors:

Despite the affordability of housing, Edmonton, along with Calgary, offers higher wages, jobs that are not much harder to find, and lower taxes. These economic advantages make Edmonton an attractive option for both residents and investors looking for affordable living costs with good employment opportunities [3].

 

Historical Pricing Trends:

Over the past two decades, Edmonton’s housing prices have remained lower and more stable compared to other cities, making homeownership more accessible to the average person [4].

 

Attractiveness to Buyers:

The combination of affordability, economic stability, and a favorable housing market has made Edmonton an attractive option for those looking to invest in real estate or settle down, without the financial strain often associated with larger cities in Canada [6].

 

To further explore these factors, consider examining the impact of urban planning policies, infrastructure development, population growth, and economic diversification on Edmonton’s real estate market. Such an analysis can provide a comprehensive understanding of why Edmonton remains an affordable and attractive city for homeownership.

 

If you’re curious about the Edmonton Real Estate Market, let’s talk!

Chris Reid Edmonton REALTOR®

Chris Reid Edmonton REALTOR®

 

🌐 Sources

           reddit.com – Why is real estate in Edmonton so cheap?

           cbc.ca – Buying a house costs a lot less in Edmonton than Calgary. Why is that?

           quora.com – Why are homes in Calgary and Edmonton much cheaper…

           theglobeandmail.com – Battle of Alberta: Why are Edmonton homes so much more affordable than…

Edmonton Guidelines & Programs 25 February 2024

Is Edmonton Worth Moving To?

Wondering if Edmonton is Worth Moving to?

Edmonton, the capital city of Alberta, presents a compelling case for prospective movers. This vibrant city offers a unique blend of economic opportunities, cultural richness, and a lively real estate market that caters to a wide range of preferences and budgets.

 

Edmonton residents have some of the highest average household incomes in Canada with an affordable cost of living. Alberta has no provincial sales tax (PST) and low priced gasoline/ diesel. Because of this Edmontonians tend to have more disposable income than most Canadians.

 

Economic and Lifestyle Prospects

Edmonton is known for its diverse economy, which is buoyed by sectors such as technology, energy, and education. The city’s job market is robust, offering numerous opportunities for professionals across various industries. Moreover, Edmonton’s cultural scene is vibrant, with festivals, museums, and art galleries dotting the city.

 

Real Estate Market

The real estate market in Edmonton is dynamic and offers a range of options for buyers and renters alike. Whether you’re looking for a newly built home or a property in one of the city’s established neighborhoods, Edmonton’s market is accommodating. Recent trends suggest that now might be a prime opportunity for homebuyers, with a variety of factors making it an attractive time to invest in Edmonton’s real estate​​​​.

 

Quality of Life

Edmontonians enjoy a high quality of life, with access to excellent healthcare, education, and recreational facilities. The city boasts expansive parks, a network of biking and walking trails, and is in proximity to some of Alberta’s most stunning natural landscapes. This blend of urban amenities and natural beauty contributes to the overall appeal of Edmonton as a place to live.

 

Challenges and Considerations

Like any major city, Edmonton has its challenges. Prospective residents should consider factors such as the climate, which can be very cold in the winter, and the city’s sprawling nature, which may require reliance on a vehicle for transportation. However, for many, these are minor compared to the benefits the city offers.

 

Edmonton is a compelling option for those considering a move. Its thriving economy, diverse real estate market, and high quality of life make it an attractive destination for individuals and families alike. As with any major decision, prospective movers should conduct thorough research and consider their personal and professional needs when contemplating a move to Edmonton.

 

For those on the fence, Edmonton’s welcoming community, economic opportunities, and vibrant cultural scene might just tip the scales in its favor. Whether you’re drawn by the prospect of a new home or the lure of Edmonton’s green spaces and cultural richness, this city has something to offer everyone.

Have questions? Contact me.

Chris Reid Edmonton REALTOR

🌐 Sources

  1. torontolife.com – I moved to Alberta and hated everything about it. After three …
  2. reddit.com/r/Edmonton – Moving to Edmonton Megathread 2024
  3. chappellegardens.com – is now a good time to buy a house in Edmonton?

Edmonton New Home Builders - Trends and Market Updates 20 February 2024

Home Builder Edmonton Alberta Statistics – November 2023

Home Builder Edmonton Alberta Statistics 

 

Home Builder Edmonton Alberta Statistics – October and November Insights

The Edmonton Capital Region witnessed a notable 10% increase in the issuance of residential building permits, reaching a total of $277.1 million in October, signalling a robust interest in new home development compared to the previous year. However, it’s essential to note that year-to-date intentions have experienced a 22% reduction, with a sum of $2.5 billion up to October.

Edmonton Home Builders -Single Family Homes

Focusing on single-detached homes, there’s been an impressive upswing of 24.7% in starts, totalling 510 units in November alone—the highest for the month since 2014. Yet, the year-to-date figures tell a different story, with a decline of 22.9% from the same period in 2022, totalling 4,519 units. Still, projections suggest a year-end close to the five-year average with approximately 5,000 units.

Edmonton New Construction Single Family Inventory

Inventory levels also saw an upturn, with November reporting 1,643 completed but unoccupied single and semi-detached homes, a slight increase from October. In comparison, the previous year’s November inventory was at 1,119 units.

Edmonton New Construction Single Family Prices

Pricing dynamics for new single-detached homes in Greater Edmonton saw a marginal dip of 0.5% year-over-year in November, settling at an average price of $617,885. However, the year’s first 11 months combined reflected a 3.6% price increase compared to the same period in 2022 to $616,117.

The New Housing Price Index (NHPI) for the Edmonton area showed a 3.1% decrease from the previous year in November, with a 1.6% average decrease in contractor selling prices for ground-oriented units from January to November compared to the same timeframe in 2022.

Home Builder Edmonton Condo

Edmonton New Construction Multi-Family Inventory

The multi-family housing sector experienced a significant surge in November with 739 starts, almost tripled from the 2022, and growth across semi-detached, row, and apartment constructions. Despite this, the year-to-date multi-family starts have seen a 13% decrease to 6,908 units, with a rise in townhouse builds offset by softer apartment and semi-detached developments.

Alberta Migration

Alberta’s appeal continues to grow, with a 22.4% increase in net migration during the third quarter, largely driven by international newcomers and continued influx from other provinces, notably Ontario and British Columbia. Total net migration into Alberta was 56,306 people during the 3rd quarter of 2023.

Should I buy a New Construction Home in Edmonton?

If you are considering buying a new construction home, now is the time to buy. Edmonton home builders are anticipating build cost increases by spring 2024 as standing inventories of quick possession homes in Edmonton dwindle. Land prices continue to increase as lot sizes continue to decrease to accommodate the housing shortages.

If you are considering building or buying a new construction home in Edmonton, we should talk.

Edmonton New Home Builder Realtor

🌐 Sources

Fort Saskatchewan Real Estate Market Statistics 19 February 2024

Fort Saskatchewan Real Estate Market Statistics- January 2024

Fort Saskatchewan Real Estate Market Statistics

  

Bar Graphs Below Are Interactive

Fort Saskatchewan MLS® Listings

65 New listings came on to MLS® in Fort Saskatchewan during the month of January. Last january we saw 66 new listings.

Average List Price in Fort Saskatchewan

The avearge list price in January was $459.3k. This is up 13% from $406.7k in January of last year.

Fort Saskatchewan Home Sales

There were 31 MLS® sales in Fort Saskatchewan during January. This is similar to last years 32 sales.

Fort Saskatchewan Average Home Sales Price

The average sales price in Fort Saskatchewan was up 15.8% from last January to $430.8k. 

Fort Saskatchewan Average Days on Market

Homes in For Saskatchewan were on market an average of 113 days before sale.

City of Fort Saskatchewan Website

St. Albert Real Estate Market Trends and Investment Opportunities 19 February 2024

St. Albert Home Sales Statistics January 2024

St. Albert Real Estate Statistics

Bar Graphs Below Are Interactive

St. Albert New Listing Count

105 new listing came onto MLS® in January. This is down from 138 in January of last year.

Average List Price in St. Albert

St. Albert’s homes came to market at an average of $546.3k in the month. This is up 8.7% from $502.5k last year.

St. Albert Home Sales

56 homes sold in St. Albert during January. Same time last year 44 homes sold.

St. Albert Average Home Sales Price

Homes sold at an average of $436.5K in St. Albert, up from $414.9k last year.

St. Albert Average Days on Market

Homes in St. Albert were on market an average of 90 days before sale.

St. Albert Website

Parkland County Real Estate: Acreage Properties and Market Trends 19 February 2024

Rural Parkland County Acreage Sales Statistics January 2024

Rural Parkland County Acreage Sales

Below Graphs Are Interactive

Parkland County Acreage Listings

Parkland County saw 59 new acreage listings hit MLS® in January of 2024. This is down from 68 in January of 2023.

Parkland County Average Acreage List Price

The average list price of an acreage coming to market in January was $773.7k. This is up 62% from January of last year where the list price was $476.8k.

Parkland County Acreage Sales

28 Acreages sold in Parkland County during the month of January.  This is up from 23 sales in January 2023.

Parkland County Average Acreage Sales Price

The average sales price was $556.9k up 42% from $392k last January. Parkland County Average Days on Market

Acreages in Parkland County were on MLS® an average of 157 days before sale.

Parkland County Website

Edmonton Real Estate Market Trends and Insights 19 February 2024

Edmonton Home Sale Trends January 2024

Edmonton Real Estate Market Statistics

   

Below Graphs Are Interactive.

Edmonton New MLS® Listings

A total of 1.64k listings came on the MLS® in January for Edmonton.  This is down 5.79% from last January when we saw 1.7K listings come to market.

City of Edmonton Average List Price

The average list price of a home in Edmonton was $451.9k for the month. This is up slightly from January fo 2023 where list prices averaged $446.8k.

City of Edmonton Home Sales

1.1k homes sold in the month of January. This is a 52% increase over January of 2023 when 715 homes sold.

Edmonton Average Home Sales Price

The avearge sales price for homes was $379.3k up from $354k last January.

Edmonton Average Days on Market

Homes in Edmonton were on MLS® for an average of 98 days before sale.

City of Edmonton Website

Spruce Grove Real Estate: Market Trends and Investment Opportunities 19 February 2024

Spruce Grove Home Sale Trends January 2024

Spruce Grove Real Estate Market

   

The below graphs are interactive

Spruce Grove Listing Count

There was 102 new listings brought to market in January 2024, down just slightly from 107 in January 2023.

Spruce Grove Average Home Listing Price

$452.1k was the average list price in January up from $420.7k same time last year.

Home Sales in Spruce Grove

52 homes sold in Spruce Grove during January. This is up from 44 in January of 2023.

Average Home Sale Price in Spruce Grove

Spruce Grove’s average home sale price was $395.2k for the month. Last January the average sales price was $363.3k. Spruce Grove Average Days on Market

86 Days is the average time on MLS® prior to sale in Spruce Grove

City of Spruce Grove Website

Stony Plain Real Estate: Market Trends and Investment Opportunities 19 February 2024

Stony Plain Real Estate Market Statistics- January 2024

Stony Plain Real Estate Market Statistics

  

Below Graphs Are Interactive

Stony Plain MLS® Listings 

Stony Plains inventory remained unchanged year over year for January with 38 new listings come on market.

Stony Plain Average List Price

The avearge list price was $457.1k up from $331.5k in January of 2023.

Stony Plain Home Sales

29 Homes sold in January almost double from January fo 2023, where 15 homes sold.

Stony Plain Average Sale Price

The avearage Stony Plain home sold at $353.8k in January down 7.37% from January of 2023.

 

Stony Plain Average Days on Market

Homes in Stony Plain were on market an average of 75 days before sale.

Town Of Stony Plain Website