Stony Plain • Stony Plain • 7 January 2025

Stony Plain Housing Market: Trends and Insights of 2024 Annual Statistics

by Christina Reid

Stony Plain Housing Market 2024 Annual Statistics Chris Reid Realtor

Stony Plain Housing Market: Trends and Insights Annual 2024 Statistics

The Stony Plain housing market, has witnessed significant changes in 2024, offering both challenges and opportunities for buyers, sellers, and investors. As the market evolves, understanding the key metrics and trends is essential for making informed decisions. Whether you are looking to buy, sell, or invest in Stony Plain, this blog will dive into the most recent data and market insights to help guide you through the process.

Below Graphs Are Interactive

Stony Plain Real Estate – New MLS® Listings

Total Listings and Inventory

In 2024, Stony Plain saw an increase of 6.26% in new property listings, bringing the total number of new listings to 611. This is a significant improvement from 2023, which had 575 new listings. However, compared to 2022 (663 listings), the market has seen a slight decrease of 7.84% in the number of new listings. This decrease may indicate a tightening of the inventory, which could result in increased competition among buyers.

The rise in new listings is likely a response to the growing demand for homes in the area. More listings mean more options for potential buyers, but the reduced number of listings compared to previous years suggests that sellers are holding onto properties longer, waiting for the right price.

Average Asking Price of Homes in Stony Plain

Average List Price: A Rising Trend

One of the most noticeable changes in 2024 is the increase in the average list price. The average price of properties listed in Stony Plain rose by 9.08%, from $377,000 in 2023 to $411,000 in 2024. This is a clear indicator of the demand for homes in the area, as well as the rising value of real estate.

Looking at historical trends, we see that the average list price in 2022 was $373,000, and in 2021 it was $349,000. This shows a steady increase in prices, with a 10.27% increase from 2022 to 2024 and a 17.81% increase from 2021 to 2024. This upward trend in prices suggests that Stony Plain is becoming an increasingly desirable location for buyers, especially as the area continues to grow and develop.

December 2024 Stony Plain Home Sales

Total Sales and Sales Volume

Sales activity in Stony Plain has experienced significant growth in 2024. The total number of sales has increased by 31.61%, rising from 386 sales in 2023 to 508 in 2024. This is a positive sign for the market, as it indicates strong buyer interest and a robust economy.

The total sales volume has also seen an impressive jump, increasing by 41.41% from $136 million in 2023 to $192 million in 2024. This growth reflects not only the increased number of sales but also the higher average sale prices, as discussed earlier.

Interestingly, the number of sales has outpaced the increase in listings, which suggests that demand is currently surpassing supply. This could result in a more competitive market for buyers, with quicker sales and potentially higher sale prices.

Average Home Sale Price

Sales Average Price: Higher Prices Reflect Demand

The average sale price in Stony Plain has increased by 7.45%, from $351,000 in 2023 to $377,000 in 2024. This rise is in line with the increase in list prices and reflects the overall upward trajectory of property values in the area.

When we compare these numbers to previous years, we see that the average sale price in 2022 was $358,000, and in 2021 it was $342,000. This represents a 5.36% increase from 2022 to 2024 and a 10.35% increase from 2021 to 2024. These increases are indicative of a growing demand for homes in Stony Plain, likely driven by factors such as new developments, improved infrastructure, and the area’s proximity to Edmonton.

Average List to Sell Ratio

The average asking-to-selling ratio (LSR) is an important indicator of how close the final sale price is to the original list price. In 2024, the LSR for Stony Plain is 0.988, up from 0.979 in 2023. This increase of 0.94% means that homes are selling for a higher percentage of their asking price, which is a positive sign for sellers.

Historically, the LSR in 2022 was 0.982, and in 2021 it was 0.977, so the market has seen steady growth in this metric over the past few years. A higher LSR is typically a sign of a seller’s market, where demand is high and buyers are willing to meet asking prices.

Average Days on Market

One of the most significant improvements in the Stony Plain housing market is the decrease in the average days on market. In 2024, homes are selling in an average of 53 days, down from 66 days in 2023. This represents a decrease of 19.7%, which is a clear indicator that homes are moving faster in the market.

This reduction in days on market may be attributed to several factors, including increased demand, fewer listings, and higher buyer confidence. With fewer homes on the market, competition for available properties is fiercer, leading to quicker sales.

What This Means for Buyers and Sellers

For buyers, the current market in Stony Plain presents both opportunities and challenges. On one hand, the increase in inventory and sales indicates that there are still options available. However, the rising prices and faster sales mean that you’ll need to act quickly and be prepared for competitive bidding situations.

For sellers, now is an excellent time to list your property. With prices on the rise, homes are selling faster, and sellers are receiving a higher percentage of their asking price. However, it’s essential to price your home strategically to attract the most qualified buyers, especially given the higher competition in the market.

Conclusion

The Stony Plain real estate market was thriving in 2024, with increasing listings, rising prices, and stronger sales numbers. Buyers and sellers alike can benefit from these positive trends, but it’s crucial to stay informed and act quickly in this fast-moving market. Whether you’re buying your first home, selling a property, or investing in real estate, understanding the latest data and trends will help you make the most informed decision.

If you’re considering buying or selling in Stony Plain, contact Christina Reid, REALTOR®, for expert guidance and personalized service.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

If you are considering buying or selling a home in Stony Plain or just want more information on the Stony Plain real estate market, CONTACT ME HERE.

Town of Stony Plain Website

Future of Home Building: Trends to Watch in Edmonton

by Christina Reid

Future of Home Building in Edmonton - Chris Reid Edmonton Realtor

The future of home building is a subject that captures the imagination of homebuyers, builders, and investors alike. With Edmonton’s ever-growing population and an increasing demand for innovative housing solutions, understanding the trends shaping the future of home construction is vital. From sustainability to smart home technology, the homebuilding landscape is evolving rapidly. Here, we delve into the most transformative trends in Edmonton’s home construction market.

1. Sustainability and Green Building Practices

Sustainability has transitioned from a buzzword to a cornerstone of modern construction. Builders in Edmonton are incorporating green building practices that minimize environmental impact while enhancing energy efficiency. These include:

Net-Zero Energy Homes: Edmonton builders are leading the way in creating homes that produce as much energy as they consume.
Sustainable Materials: Recycled and locally sourced materials are becoming standard.
Passive House Design: Super-insulated homes with advanced ventilation systems are gaining popularity.

In Edmonton, sustainable homes appeal not only for their eco-friendliness but also for long-term cost savings.

2. Smart Home Integration

The rise of the Internet of Things is revolutionizing home functionality. Smart home features are no longer a luxury; they are a necessity for many Edmonton buyers. Key features include:

Energy Monitoring Systems: Track energy usage and reduce waste.
Smart Security: Advanced cameras, motion detectors, and remote locking systems.
Voice-Controlled Devices: Seamless control of lighting, heating, and appliances.

Incorporating smart technology into new builds enhances convenience and resale value.

3. Customization and Personalization

Today’s buyers want homes that reflect their unique lifestyles. Edmonton builders are responding with flexible floor plans and a wide array of customization options. Popular trends include:

Home Offices: Dedicated spaces to accommodate remote work.
Multifunctional Rooms: Rooms that can adapt to changing needs, such as a guest room doubling as a gym.
Outdoor Living Spaces: Expanded patios and decks to enjoy Edmonton’s natural beauty.

This emphasis on customization allows buyers to create homes that truly fit their needs.

4. Smaller, Smarter Spaces

With rising costs and a focus on sustainability, smaller homes designed with intelligent layouts are in demand. Features driving this trend include:

Open Floor Plans: Maximizing perceived space.
Built-in Storage: Creative solutions like under-stair storage and wall-mounted furniture.
Tiny Homes: A growing niche in the Edmonton market for budget-conscious buyers.

Efficient design ensures these homes remain functional and stylish.

5. Resilience to Extreme Weather

With Alberta experiencing more frequent and severe weather events, building resilient homes is a priority. Edmonton builders are adopting:

Durable Materials: Impact-resistant roofs and weatherproof siding.
Advanced Insulation: To withstand Edmonton’s frigid winters.
Backup Energy Systems: Solar panels and battery storage to maintain power during outages.

These innovations offer peace of mind and long-term savings for homeowners.

6. Health and Wellness Features

Post-pandemic, health-conscious home designs are in demand. Edmonton builders are integrating features that promote wellness, including:

Air Purification Systems: High-quality HVAC systems with advanced filtration.
Natural Lighting: Large windows and skylights to boost mood and reduce energy use.
Indoor Gardens: Spaces for plants that improve air quality and mental health.

These features ensure that homes support the physical and mental well-being of their occupants.

7. Community-Oriented Developments

The concept of living extends beyond the home itself. Edmonton’s new developments emphasize community living with shared amenities like:

Green Spaces: Parks, walking trails, and communal gardens.
Shared Workspaces: Co-working hubs for remote professionals.
Retail and Dining: Integrated shops and restaurants within residential communities.

These developments foster a sense of belonging and convenience.

8. Energy Storage and Alternative Power Sources

Edmonton’s focus on renewable energy extends to homebuilding. Solar panels, wind turbines, and innovative energy storage solutions are becoming mainstream. Highlights include:

Home Batteries: Storing excess energy for nighttime use.
Geothermal Systems: Efficient heating and cooling from the earth.
Community Microgrids: Neighbourhoods sharing renewable energy resources.

These technologies reduce utility costs and carbon footprints.

9. 3D Printing in Construction

While still emerging, 3D printing is making waves in Edmonton’s construction scene. Benefits include:

Faster Construction: Completing homes in weeks instead of months.
Reduced Waste: Precision printing minimizes material usage.
Affordability: Lower labor and material costs make homes more accessible.

As technology advances, 3D-printed homes may become a common sight.

10. Augmented and Virtual Reality in Design

Cutting-edge technology is changing how homes are designed and sold. Edmonton builders are leveraging:

Virtual Tours: Immersive experiences for prospective buyers.
Augmented Reality Apps: Visualizing customizations in real-time.
Digital Twins: Detailed virtual replicas for precise planning.

These tools enhance the buyer experience and streamline the building process.

11. Renewed Focus on Accessibility

Inclusive design is gaining momentum in Edmonton. Builders are creating homes that accommodate residents of all ages and abilities, featuring:

Single-Level Living: Eliminating stairs for easier mobility.
Wide Doorways and Hallways: For wheelchair accessibility.
Smart Assistive Technology: Voice-activated devices for independent living.

Accessible homes ensure long-term comfort for all occupants.

12. Prefabricated and Modular Homes

Prefabrication is gaining popularity for its efficiency and quality. Edmonton builders are embracing:

Modular Construction: Assembling homes from pre-made sections.
Off-Site Manufacturing: Reducing build times and on-site disruptions.
Eco-Friendly Prefabs: Using sustainable materials and methods.

These homes offer a blend of affordability, durability, and customization.

13. Advanced Insulation Techniques

With Edmonton’s harsh winters, insulation is critical. Innovative techniques include:

Spray Foam Insulation: Superior air sealing and thermal performance.
Vacuum Insulated Panels: Ultra-thin and efficient.
Thermal Breaks: Reducing heat transfer in building materials.

These advancements enhance comfort and energy savings.

14. Integration of Renewable Energy Systems

Future homes in Edmonton will likely rely more on renewable energy systems. Builders are exploring:

Solar Roofing: Aesthetic and functional solar panel integration.
Wind Power Systems: For rural and suburban properties.
Hydroponic Energy Systems: Combining water and energy efficiency.

Renewables not only benefit the planet but also attract eco-conscious buyers.

15. Biophilic Design

Biophilic design emphasizes the connection between homes and nature. Edmonton builders are incorporating:

Natural Materials: Wood, stone, and bamboo.
Living Walls: Indoor vertical gardens.
Outdoor Integration: Seamless transitions between indoor and outdoor spaces.

These designs create tranquil, inspiring environments.

Final Thoughts

The future of home building in Edmonton is bright and full of innovation. From sustainability to smart technology, these trends are redefining what it means to build and own a home. For buyers and investors, staying informed about these developments ensures better decision-making and long-term satisfaction.

As Edmonton continues to grow, embracing these forward-thinking trends will keep the city at the forefront of modern living.

Have more questions on Future of Home Building: Trends to Watch in Edmonton? Contact Chris Reid Edmonton REALTOR®

For more insights into Edmonton’s real estate market, follow me on Facebook, Instagram, and YouTube. Stay updated on the latest new build opportunities and exclusive deals!

Stony Plain • Stony Plain • 5 January 2025

December 2024 Stony Plain Real Estate Sale Statistics

by Christina Reid

December 2024 Stony Plain Real Estate Market Trends Chris Reid Realtor

December 2024 Stony Plain Real Estate Sale Statistics

December 2024 Stony Plain, continues to be a prime location for homebuyers in Alberta. As we wrap up 2024, it’s clear that this town’s real estate market has shown remarkable growth and resilience. Whether you’re considering buying or selling, it’s important to understand the current trends and market dynamics to make an informed decision.

Below Graphs Are Interactive

Stony Plain Real Estate – New MLS® Listings

December 2024: There were **27 new listings** in December, reflecting a 12.50% increase compared to the previous year. This increase in new listings indicates that more homeowners are willing to put their properties on the market, potentially due to favourable market conditions and rising home values.

YTD 2024: There were a total of 610 new listings, which is a 6.09% increase over 2023. This steady rise in new listings helps ensure that buyers have more options to choose from, balancing the increased demand.

Average Asking Price of Homes in Stony Plain

December 2024: The average asking price in Stony Plain was $451,000, a notable increase of 15.34% from December 2023. This rise in asking prices signals growing market confidence and higher home values in the area.
YTD 2024: The average asking price reached $411,000, which is a 9.08% increase compared to 2023. This shows that home prices are on the rise, indicating a healthy and appreciating market.

December 2024 Stony Plain Home Sales

December 2024: 37 properties were sold, marking a staggering 105.56% increase from the previous year. This surge indicates a rising demand for properties in Stony Plain, and it suggests that buyers are eager to invest in this community.
Year-to-Date (YTD) 2024: There were 508 properties sold, which represents a 31.61% increase from 2023. This year-over-year growth reflects a strong trend of increasing buyer activity.

Average Home Sale Price

December 2024: The average sale price for homes in Stony Plain was $343,000, which represents a 14.05% decrease from December 2023. This decline can be attributed to a mix of market conditions, such as an influx of more affordable homes entering the market.
YTD 2024: The average sale price for the year was $377,000, which is a 7.45% increase compared to 2023. This shows that while prices fluctuated in December, the overall year was one of growth and rising property values.

Ask-to-Sell Ratio

December 2024: The average ask-to-sell ratio was 98.2%, which is consistent with the previous year’s ratio of 98.8%. This indicates that sellers are generally receiving close to their asking prices, suggesting a relatively balanced market with strong demand.
YTD 2024: The year-to-date ask-to-sell ratio was 98.9%, showing a slight improvement over the previous year, reflecting a strong market where sellers are getting near their asking prices for most homes.

Average Days on Market

December 2024: Properties in Stony Plain are taking an average of 72 days to sell, which is a 12.50% increase compared to the previous year. This slight increase could be a result of the higher asking prices, meaning buyers may be taking more time to make their purchasing decisions.
YTD 2024: Homes took an average of 53 days to sell, a 19.70% decrease from 2023. This suggests that while some properties may take longer to sell in December, the overall trend for 2024 was a faster-paced market, with homes selling more quickly throughout the year.

Why the Stony Plain Real Estate Market is Booming

Several factors contribute to the current boom in the Stony Plain real estate market. Let’s take a closer look at these drivers:

1. Proximity to Edmonton

Stony Plain offers the best of both worlds: the charm and tranquility of a small town, combined with close proximity to the city of Edmonton. Homebuyers looking to escape the hustle and bustle of the city often find Stony Plain to be a desirable alternative. Its convenient location, just 30 minutes from downtown Edmonton, makes it an ideal place for commuters who want to enjoy a quieter lifestyle without sacrificing easy access to the city’s amenities.

2. Affordability

Stony Plain continues to offer more affordable housing options compared to Edmonton and its surrounding areas. The average asking price in Stony Plain is significantly lower than in Edmonton, making it an attractive option for first-time homebuyers or those looking to downsize. As Edmonton’s housing prices increase, many buyers are turning to Stony Plain for more value-oriented options.

3. Community Appeal

Stony Plain is known for its tight-knit community and small-town atmosphere. It has a rich history and offers plenty of recreational opportunities for residents, including parks, walking trails, and community events. These factors make it an appealing place for families, retirees, and anyone looking for a more relaxed lifestyle.

4. Growth and Development

The town of Stony Plain is experiencing steady growth, with new businesses and developments springing up throughout the area. This growth is helping to increase demand for housing, as people are attracted by the expanding job opportunities and the potential for long-term investment. Furthermore, ongoing infrastructure improvements continue to enhance the town’s livability, making it even more attractive to potential buyers.

What This Means for Buyers and Sellers

For Buyers:

The Stony Plain real estate market offers exciting opportunities, but buyers should be prepared for competition, especially in the lower price range where demand is strong. The increase in asking prices and the low days on market indicate that properties are selling quickly, and buyers need to act fast to secure their ideal home. However, with a variety of options available and the town’s affordable pricing compared to Edmonton, buyers can still find great value in Stony Plain.

For Sellers:

Sellers in Stony Plain are in a favourable position, with rising home values and a strong ask-to-sell ratio. If you’re thinking of selling, now is an excellent time to take advantage of the market’s upward trend. With properties selling relatively quickly and close to asking prices, sellers can expect a smooth transaction if they price their homes competitively and make necessary updates to enhance their property’s appeal.

Stony Plain Market Outlook for 2025

Looking ahead to 2025, the Stony Plain real estate market is expected to remain strong. With steady population growth, a stable economy, and an appealing location near Edmonton, demand for properties in this area is likely to continue. Buyers and sellers alike can look forward to a competitive market with ample opportunities for those who are well-prepared.

Conclusion

Stony Plain’s real estate market in December 2024 shows promising signs of growth and activity, making it an ideal time for both buyers and sellers to explore their options. Whether you’re a first-time buyer, a growing family, or someone looking to downsize, Stony Plain offers a diverse range of housing opportunities. As always, it’s essential to stay informed and work with an experienced real estate professional to navigate the market successfully.

If you’re considering buying or selling in Stony Plain, contact Christina Reid, REALTOR®, for expert guidance and personalized service.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

If you are considering buying or selling a home in Stony Plain or just want more information on the Stony Plain real estate market, CONTACT ME HERE.

Town of Stony Plain Website

Strathcona County Real Estate Market Statistics • Strathcona County Real Estate Market Statistics • Strathcona County Real Estate Market Statistics • 5 January 2025

Strathcona County Real Estate Market: A 2024 Review

by Christina Reid

Strathcona County real estate market 2024 review Chris Reid Realtor

Strathcona County Real Estate Market: A 2024 Review

Strathcona County real estate has become an increasingly sought-after market. A sprawling area to the southeast of Edmonton, is a desirable location for those looking for a rural escape while staying close to urban amenities. With its abundance of acreages, beautiful landscapes, and proximity to the city. This blog provides a comprehensive look into the Strathcona County real estate market in 2024, using the latest statistics to give buyers and sellers a clearer understanding of the market dynamics.

2024 Market Overview

The Strathcona County real estate market has seen notable shifts in key metrics over the past year. When comparing 2024 to 2023, the market shows a mix of price increases, higher listing activity, and a boost in sales. Let’s take a closer look at some key trends that have defined the market in 2024.

Bar graphs below are interactive

Strathcona County -Acreage Listings

Listings and Inventory

In 2024, Strathcona County saw a 10.83% increase in the number of new listings, rising from 554 properties in 2023 to 614 properties listed in 2024. While the increase in listings indicates a more active market, it also shows that sellers are responding to the rising demand in the area. However, when comparing 2024 to the past few years, there was a 4.51% decrease in new listings compared to 2022, and a more significant 9.84% decrease compared to 2021. This could suggest a market correction after the surge in listings in earlier years.

Strathcona County – Average Acreage List Price

The average list price for properties in Strathcona County increased by 2.04%, rising from $886,000 in 2023 to $904,000 in 2024. This increase follows a trend of rising property values in the area, marking a 13.45% increase from 2021. This upward trajectory is reflective of growing demand for larger properties, particularly those on acreages, as more buyers seek rural living with modern conveniences. Despite this increase, the average list price has remained relatively steady compared to 2022, showing only a 3.10% growth.

Total Inventory Cost

The total cost of listed inventory in Strathcona County saw a notable increase of 13.10%, reaching $555 million in 2024. This marks a significant shift from $491 million in 2023. However, it’s worth noting that this increase comes after a slight decrease of 1.55% from 2022, and an increase of 2.29% when compared to 2021. Higher total inventory costs are consistent with higher listing prices and the increased demand for premium properties, particularly larger estates and acreages.

Strathcona County –Acreage Sales

The total number of sales in Strathcona County saw a remarkable increase of 30.24% in 2024. From 291 sales in 2023, the number jumped to 379 sales in 2024. This uptick is a positive sign for the market, as more buyers are finding their way to Strathcona County. The sales volume increase can also be attributed to the strong demand for rural properties with space for larger homes and outdoor amenities. Despite the growth from 2023, sales are down 20.88% compared to 2021, a sign that the market is stabilizing after the surge seen during the pandemic.

Strathcona County Real Estate Market –Acreage Average Sales Price

The Strathcona County Acreage Market: Pricing Trends

Average Sales Price

In 2024, the average sale price for properties in Strathcona County reached $756,000, reflecting a 6.22% increase from 2023. This growth in sales price is indicative of a market that has been experiencing upward pressure due to high demand and a lack of sufficient inventory. The price increase is further evidenced when comparing 2024 to previous years, showing an 11.52% rise from 2021, where the average sale price was $678,000.

List-to-Sell Ratio

The average list-to-sell ratio (LSR) in 2024 stands at 0.968, which is slightly down from 0.969 in 2023. However, the decrease is minimal, indicating that properties are still selling close to their asking prices. This suggests that the market remains competitive, with buyers willing to pay near the listing price for properties that meet their needs. When comparing 2024 to earlier years, the LSR is slightly lower than in 2022, where it stood at 0.979.

Strathcona County Acreage Average Days on Market

Properties in Strathcona County are selling faster in 2024, with the average days on market (DOM) decreasing by 4.49%, from 89 days in 2023 to 85 days in 2024. The decrease in DOM indicates a quicker turnover, likely driven by higher buyer demand. Compared to 2021, when properties sat on the market for an average of 94 days, the current market is showing positive signs of faster transactions, which is attractive for both sellers and buyers.

The Outlook for 2025 and Beyond

As we move through 2025, Strathcona County’s real estate market is showing signs of steady growth. The increased number of listings and the upward trend in both listing prices and sales volumes highlight a healthy and competitive market. Buyers are finding that Strathcona County offers an excellent mix of rural charm and proximity to Edmonton’s amenities, making it an attractive location for families, professionals, and those looking for a more peaceful lifestyle.

While the increase in sales is a positive sign, the decrease in total sales volume when compared to 2021 may indicate that the market has cooled slightly after the frenzy of previous years. Nonetheless, with the average days on market decreasing and properties selling close to their asking prices, it’s clear that demand remains high, and the market remains competitive.

For buyers looking for rural properties in Strathcona County, the market in 2025 presents a great opportunity, with a variety of options available across different price ranges. Sellers, on the other hand, can expect competitive offers and relatively quick sales, especially if they price their homes correctly.

Conclusion

The Strathcona County real estate market in 2024 has seen significant growth in listings, sales, and prices, making it a vibrant and dynamic market. Whether you’re a buyer or a seller, understanding the trends in this market is essential for making informed decisions. With a rise in property values, increased demand for acreage properties, and faster sales, Strathcona County is poised for continued growth and success in the real estate sector.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

Looking to Buy or Sell Acreages in Strathcona County?

Whether you’re a buyer eager to find your perfect rural retreat or a seller ready to capitalize on this favourable market, I’m here to help. Reach out to explore available properties or to discuss your goals.

CONTACT ME HERE

Strathcona County Website

5 January 2025

December 2024 Rural Strathcona County Real Estate Market

by Christina Reid

December 2024 Rural Strathcona County Real Estate Market

Strathcona County, located just outside of Edmonton, offers the perfect balance of rural tranquility and urban accessibility. The real estate market for December 2024 Rural Strathcona County acreages in this region has experienced notable shifts in 2024, making it an exciting time for both buyers and sellers. Whether you are seeking the peace of rural living or looking to sell your property in a growing market, understanding the current market trends is essential.

Overview of Strathcona County Acreage Market in 2024

December 2024 Rural Strathcona County Real Estate Market has been on an upward trajectory, with several key metrics reflecting a strong and active market. There has been a remarkable increase in the number of sold properties, with a year-to-date (YTD) total of 379 sold homes, a 30.24% increase from the previous year. This surge in sales points to a growing demand for acreage properties in the area, which continues to attract those seeking a peaceful retreat within easy reach of Edmonton’s amenities.

Bar graphs below are interactive

Strathcona County -Acreage Listings

In 2024, the number of new listings in Strathcona County has decreased by 66.67%, with just 9 new listings in December, compared to a year-to-date total of 614. This reduction in new listings could be a sign that many homeowners are holding on to their properties in anticipation of further price increases or due to the lack of suitable alternatives in the market.

Strathcona County – Average Acreage List Price

Average Asking Price Trends

In terms of pricing, the average asking price for acreage properties in Strathcona County saw a slight decline in 2024, dropping by 7.36% compared to the previous year.

Strathcona County –Acreage Sales

Increased Property Demand

The demand for Strathcona County acreages is robust, evidenced by the 36.36% increase in sold properties in December 2024 compared to the previous year. This growing interest in rural properties comes at a time when more homebuyers are prioritizing space and privacy, especially in light of the work-from-home trend. Families and professionals alike are finding Strathcona County to be an ideal location for their acreage lifestyle, as the area offers large parcels of land, scenic views, and a strong sense of community, all just a short drive from Edmonton.

Strathcona County Real Estate Market –Acreage Average Sales Price

The Strathcona County Acreage Market: Pricing Trends

The average sale price has risen by 10.90%, indicating that buyers are still willing to invest in this market despite higher property prices. The average sale price in December 2024 was $888,000, compared to $756,000 year-to-date, marking a 6.22% increase from 2023. This pricing trend reflects a solid market where demand outstrips supply, keeping property values elevated.

These fluctuations are typical of a healthy, dynamic market where sellers are able to list their properties for a higher price due to the increased demand, while buyers are willing to meet these prices to secure their ideal rural home.

Ask-to-Sell Ratio: Narrowing the Gap

YTD Ask-to-Sell Ratio: The ask-to-sell ratio for 2024 stands at 0.980, a slight increase of 1.45% compared to previous years. This close alignment between asking and selling prices highlights the strategic pricing from sellers, allowing them to receive offers close to their initial price.
Market Stability Indicator: The ask-to-sell ratio is an indicator of market balance and stability. A high ratio in 2024 shows that buyers are willing to meet seller expectations, provided the pricing reflects the property’s fair market value.

This trend shows the confidence of sellers in maintaining their listing prices, which is largely backed by strong buyer demand and property valuation trends in Strathcona.

Strathcona County Acreage Average Days on Market

Despite fewer listings, properties are selling faster in December 2024 Rural Strathcona County Real Estate Market. The average number of days on market has dropped by 17.78%, with the average time to sale in December 2024 standing at 74 days, down from 85 days in the previous year. This shortened timeline suggests a more competitive market, where well-priced, well-maintained acreage properties are moving quickly, benefiting both sellers and buyers who are ready to make decisions.

The Appeal of Acreage Living in Strathcona County

The appeal of acreage properties in Strathcona County is multi-faceted. For those looking to move away from the hustle and bustle of the city, Strathcona County provides a peaceful rural setting without sacrificing convenience. It offers ample space for activities such as gardening, equestrian pursuits, and outdoor entertaining, while still being within close proximity to all the amenities Edmonton has to offer. For buyers who value both tranquility and accessibility, Strathcona County is a prime destination.

Moreover, acreage properties here are often equipped with expansive homes and modern facilities, making them attractive to families and professionals looking to upgrade their living arrangements. The area’s natural beauty, with scenic landscapes and abundant green spaces, further adds to its allure.

What Buyers Should Know About Strathcona County Acreages

For prospective buyers, there are several key factors to keep in mind when considering acreage properties in Strathcona County:

Space and Privacy: One of the primary reasons people seek out acreage properties is the desire for space. Whether it’s for gardening, building a workshop, or simply enjoying the privacy that comes with a larger lot, Strathcona County has a lot to offer.
Proximity to Edmonton: While Strathcona County provides a rural lifestyle, it is still very much connected to the city. The short commute to Edmonton makes it ideal for those who want to enjoy the perks of city life without living in the heart of the urban sprawl.
Property Taxes: Acreage properties may come with a higher property tax burden due to their size and location. Buyers should factor this into their budget and ensure they can comfortably manage the additional costs.
Zoning and Development: Buyers should be aware of local zoning laws and land-use regulations that could affect future plans for their property. It’s always a good idea to work with a local realtor who can guide you through these complexities.

What Sellers Should Know About Strathcona County Acreages

Sellers in Strathcona County are benefiting from a market that favours their position, with high demand and rising prices. However, the reduced number of new listings means that sellers need to be strategic with their approach. Here are some key tips for sellers:

Pricing Your Property: With the average sale price on the rise, pricing your acreage correctly is essential to attract the right buyers. Work with a real estate agent who understands the local market trends and can help you set a competitive price that reflects the true value of your property.
Preparing Your Property for Sale: Buyers are looking for well-maintained properties, so ensuring your acreage is in tip-top shape before listing it is crucial. Invest in necessary repairs, landscaping, and staging to make a strong first impression.
Marketing Your Listing: A strategic marketing plan is essential to get your property in front of the right buyers. Consider professional photography, virtual tours, and targeted online listings to make your acreage stand out.

Conclusion

Strathcona County’s acreage market is thriving in 2024, with a noticeable uptick in both sales and prices. Buyers are drawn to the rural lifestyle and proximity to Edmonton, while sellers are capitalizing on strong demand and increasing property values. Whether you’re considering buying or selling in the area, now is an excellent time to enter the Strathcona County acreage market.

For more information about available acreage properties in Strathcona County or to discuss your real estate needs, feel free to reach out. With the right strategy and insight, you can make the most of the current market trends and find the perfect property to call home.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.

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3 January 2025

New Construction Home Mistakes to Avoid When Buying

by Christina Reid

Let’s talk about new construction home mistakes to avoid when purchasing a newly built home in Edmonton. Building offers the allure of modern amenities, energy efficiency, and the opportunity to personalize your living space. However, the process comes with its own set of challenges. To ensure a smooth experience, it’s crucial to be aware of common pitfalls. Here are key mistakes to avoid when buying a new construction home in Edmonton.

1. Skipping Thorough Builder Research

Not all builders maintain the same standards. Before committing, investigate the builder’s reputation. Look for online reviews, speak with previous buyers, and check for any legal disputes or complaints. A reputable builder with a history of quality work is a safer choice for your investment.

2. Overlooking the Importance of a Real Estate Agent

Many buyers assume they don’t need a real estate agent when purchasing new construction, relying solely on the builder’s sales representative. However, the builder’s agent represents the builder’s interests. Hiring your own agent ensures you have someone advocating for your best interests throughout the process.

3. Neglecting to Read the Fine Print

Builders often use contracts that differ from standard real estate documents. It’s essential to read these contracts carefully and have an attorney and your real estate agent review them before signing anything. Builders’ contracts typically protect the building company, not the buyer, so ensure your agent writes addendums that keep you protected during each phase of the purchase.

4. Assuming All Features in the Model Home Are Standard

Model homes are often equipped with high-end finishes and upgrades that aren’t included in the base price. It’s crucial to ask the sales agent for a complete list of the extras in the model unit and understand what is included in the standard package. This will help you budget accurately and avoid unexpected expenses.

5. Underestimating Additional Up-Front Costs

While new homes come with modern features, they often lack certain essentials like landscaping, window coverings, and appliances. These additional costs can add up quickly. Ensure you budget for these items to avoid financial strain after moving in.

6. Skipping the Home Inspection

It’s a common misconception that new homes don’t need inspections. Even brand-new homes can have issues due to construction errors or oversights. Hiring a professional inspector can identify potential problems before they become costly repairs.

7. Failing to Plan for Future Needs

While a home may suit your current lifestyle, consider how your needs might change in the future. Think about factors like family growth, aging in place, or potential resale value. Choosing a home that can adapt to your evolving needs will save you time and money in the long run.

8. Over-Customizing the Home

Personalizing your home is one of the benefits of new construction, but over-customization can make it difficult to sell in the future. Stick to classic, timeless design choices that will appeal to a broad range of buyers.

9. Ignoring the Neighbourhood and Surrounding Areas

It’s important to investigate the surrounding area. Consider factors such as school districts, proximity to amenities, future development plans, and overall community vibe. This ensures that the location aligns with your lifestyle and long-term plans.

10. Not Understanding Warranty Coverage and Maintenance

Review your builder’s warranty and what it covers. Some items may only be covered for a limited time. Also, make sure you familiarize yourself with the maintenance tasks needed to keep your property in top condition. Neglecting regular upkeep can lead to costly repairs later on.

By being aware of these common mistakes and taking proactive steps to avoid them, you can navigate the process of buying a new construction home in Edmonton with confidence and peace of mind.

Do you have more questions regarding New Construction Home: Mistakes to Avoid When Buying? Contact Chris Reid Edmonton REALTOR®

For more insights into Edmonton’s real estate market, follow me on Facebook, Instagram, and YouTube. Stay updated on the latest new build opportunities and exclusive deals!

Edmonton New Home Builders - Trends and Market Updates • Edmonton New Home Builders - Trends and Market Updates • 30 December 2024

New Community Homeowners Associations in Edmonton

by Christina Reid

The Role of Homeowners Associations in Edmonton’s New Communities

New Community Homeowners Associations are increasingly being incorporated into developer’s plans to maintain community standards and enhance residents’ quality of life. HOAs play a pivotal role in preserving property values, fostering community engagement, and ensuring the upkeep of shared amenities.

Understanding Homeowners Associations

A Homeowners Association is a non-profit organization established by a community’s developer to manage and oversee the neighbourhood. HOAs are responsible for enforcing covenants, conditions, and restrictions (CC&Rs) that govern the community’s appearance and maintenance standards. They also manage common areas, such as parks, recreational facilities, and landscaping, ensuring these spaces are well-maintained for residents’ enjoyment.

Benefits of HOAs in New Communities

Maintenance of Common Areas: HOAs ensure that shared spaces like parks, playgrounds, and community centres are regularly maintained, providing residents with clean and safe environments.
Architectural Consistency: By enforcing design guidelines, HOAs maintain a cohesive aesthetic throughout the community, which can enhance property values and create a harmonious living environment.
Community Engagement: HOAs often organize events and activities that foster a sense of community among residents, promoting social interaction and neighbourhood cohesion.
Conflict Resolution: HOAs serve as mediators in disputes between neighbours, addressing issues such as property maintenance concerns, thereby maintaining community harmony.

HOAs in Edmonton’s New Developments

In Edmonton, several new communities have established HOAs to manage and maintain their neighbourhoods. For instance, communities like Summerside, Chappelle Gardens, and The Orchards offer club houses with varying amenities to their residents. These community HOAs play a crucial role in preserving the quality and appeal of these neighbourhoods.

Financial Considerations

Residents in HOA-governed communities are typically required to pay regular fees, which fund the maintenance of common areas and community services. These fees can vary based on the community’s size, the range of amenities, and the level of services provided. It’s essential for prospective homeowners to understand these financial obligations when considering purchasing a property in an HOA-managed community.

Challenges and Considerations For New Community Homeowners Associations

While HOAs offer numerous benefits, they can also present challenges. Some residents may find the rules restrictive or disagree with the HOA’s decisions. Additionally, HOA fees can increase over time, impacting homeowners’ budgets. It’s crucial for residents to actively participate in HOA meetings and stay informed about community decisions to ensure their voices are heard.

Conclusion

New Community Homeowners Associations play a significant role in Edmonton’s new communities, contributing to the maintenance of property values, the upkeep of common areas, and the fostering of community spirit. Prospective homeowners should carefully consider the benefits and responsibilities associated with living in an HOA-governed community to make informed decisions that align with their lifestyle and financial expectations.

Have more questions about New Community Homeowners Associations in Edmonton? Contact Chris Reid Edmonton Realtor.

For more insights into Edmonton’s real estate market, follow me on Facebook, Instagram, and YouTube. Stay updated on the latest new build opportunities and exclusive deals!

Edmonton New Home Builders - Trends and Market Updates • Edmonton New Home Builders - Trends and Market Updates • Edmonton New Home Builders - Trends and Market Updates • Edmonton New Home Builders - Trends and Market Updates • Edmonton New Home Builders - Trends and Market Updates • 27 December 2024

Incorporating Smart Home Technology into Your New Edmonton Build

by Christina Reid

Incorporating smart home technology during the build process offers homeowners enhanced convenience, security, and energy efficiency. With advancements in home automation, managing various aspects of your home has become more intuitive and accessible. Below is a guide to some of the most popular smart home devices suitable for Edmonton homes.

1. Smart Speakers and Voice Assistants

Smart speakers equipped with voice assistants like Amazon Alexa, Google Assistant, or Apple Siri serve as central hubs for home automation. These devices allow homeowners to control compatible smart home products using voice commands, stream music, set reminders, and access information hands-free. For instance, saying “Hey Siri, turn off the living room lights” can seamlessly control your lighting system. When selecting a smart speaker, consider compatibility with your existing devices and the specific functionalities you desire.

2. Smart Lighting Systems

Smart lighting systems enable homeowners to control lighting remotely via smartphones or through voice commands. Features include adjusting brightness, changing colors, and setting schedules to automate lighting based on daily routines. This not only enhances ambiance but also contributes to energy savings. For example, lights can be programmed to turn off automatically when no motion is detected, reducing unnecessary energy consumption.

3. Smart Thermostats

Smart thermostats, such as the Nest Learning Thermostat, allow for remote temperature control and can learn your schedule to optimize heating and cooling. In Alberta’s variable climate, this ensures comfort while maximizing energy efficiency. Some models provide energy usage reports, helping homeowners make informed decisions about their consumption patterns.

4. Smart Security Systems

Enhancing home security is a priority for many homeowners. Smart security systems offer features like real-time video surveillance, motion detection, and remote monitoring. Devices such as video doorbells and smart locks allow you to see and communicate with visitors remotely and control access to your home. Integrating these systems provides peace of mind, knowing your property is secured and accessible only to authorized individuals.

5. Smart Appliances

Modern appliances now come with smart capabilities, allowing for remote operation and monitoring. Smart refrigerators can notify you when you’re low on groceries, while smart ovens can be preheated remotely. These appliances contribute to a more connected and efficient household, streamlining daily tasks and enhancing the overall living experience.

6. Smart Irrigation Systems

For homeowners with gardens or lawns, smart irrigation systems can adjust watering schedules based on weather conditions and soil moisture levels. This ensures optimal plant health while conserving water, making it an environmentally friendly addition to your smart home ecosystem.

7. Smart Window Treatments

Motorized blinds and shades can be controlled remotely or set to operate on a schedule. They help regulate indoor temperatures by blocking or allowing sunlight, contributing to energy efficiency. Additionally, they offer privacy and can be integrated with other smart home systems for seamless operation.

8. Smart Water Leak Detectors

Protecting your home from water damage is crucial a great option to incorporating smart home technology. Smart water leak detectors alert you to leaks or flooding in real-time, allowing for prompt action to prevent extensive damage. These devices can be placed near appliances, under sinks, or in basements to monitor vulnerable areas.

9. Smart Smoke and Carbon Monoxide Detectors

Enhance safety with smart smoke and carbon monoxide detectors that send alerts to your smartphone in case of emergencies. Some models can also self-test and provide battery status updates, ensuring they are always operational.

10. Smart Plugs and Outlets

Smart plugs and outlets allow you to control non-smart devices remotely. By plugging lamps, fans, or other appliances into a smart outlet, you can turn them on or off via your smartphone or voice assistant, adding convenience and energy management capabilities to your home.

Integrating these smart home technologies into your Alberta residence can significantly enhance your living experience. When selecting devices, consider compatibility with your existing systems, ease of use, and the specific needs of your household to create a cohesive and efficient smart home environment.

Have more questions about Incorporating Smart Home Technology into Your New Edmonton Build? Contact Chris Reid Edmonton REALTOR®.

For more insights into Edmonton’s real estate market, follow me on Facebook, Instagram, and YouTube. Stay updated on the latest new build opportunities and exclusive deals!

Buying New Construction Process: From Groundbreaking to Move-In

by Christina Reid

Buying New Construction Process in Alberta - Chris Reid Edmonton REALTOR

When buying new construction process, varies amongst home builders. Embarking on the journey of building a new home in Edmonton is both exciting and intricate. Understanding the construction timeline—from groundbreaking to move-in day—can help set realistic expectations and ensure a smoother experience. This comprehensive guide outlines each phase of the home-building process in Edmonton, providing insights into timelines, key considerations, and local nuances.

1. Pre-Construction Phase

a. Planning and Design

The initial stage involves selecting a suitable lot, designing your home, and finalizing plans with architects and builders. This phase can take several weeks to months, depending on the complexity of the design and decision-making process.

b. Permitting

In Edmonton, obtaining the necessary permits is a critical step. This includes Development Permits and Building Permits, which ensure compliance with local regulations. The City of Edmonton provides resources to guide applicants through this process.

Processing times for permits can vary. For instance, simple projects have a target processing time of 25 days, while regular projects may take up to 40 days.

2. Site Preparation and Foundation

a. Site Clearing and Excavation

Once permits are secured, the construction site is prepared by marking the foundation layout and excavating.

b. Laying the Foundation

The foundation is crucial for structural integrity. Depending on the type (e.g., slab, crawl space, or basement), including time for curing.

3. Framing and Structural Work

a. Framing

Erecting the skeleton of the house involves constructing walls, floors, and the roof. Time for this depends on the size and complexity of the house.

b. Roofing and Siding

Installing the roof and exterior walls protects the interior from weather elements, allowing interior work to proceed.

4. Mechanical, Electrical, and Plumbing (MEP)

During this phase, essential systems are installed:

Plumbing: Setting up water supply lines, drains, and fixtures.
Electrical: Wiring for outlets, lighting, and appliances.
HVAC: Installing heating, ventilation, and air conditioning systems.

.5. Insulation and Drywall

Proper insulation ensures energy efficiency and comfort. After insulation, drywall is installed, taped, and sanded to create smooth walls and ceilings.

6. Interior Finishes

a. Flooring and Trim

Installing flooring materials (e.g., hardwood, tile, carpet) and adding trim work around doors and windows.

b. Painting

Applying primer and paint to walls and ceilings usually requires 1-2 weeks, allowing for drying time between coats.

c. Cabinetry and Countertops

Installing kitchen and bathroom cabinets, along with countertops, typically takes 1-2 weeks.

7. Exterior Finishes

Completing exterior elements such as driveways, walkways, landscaping, and exterior painting or siding are seasonal items, and are dependant on weather conditions.

8. Final Inspections and Walkthrough

Before moving in, the home undergoes final inspections to ensure compliance with building codes and safety standards. A walkthrough with the builder allows homeowners to identify any issues that need addressing.

9. Move-In Day

Once all inspections are passed and any outstanding issues are resolved, homeowners can move into their new Edmonton home.

Factors Influencing the Timeline

Several factors can affect the construction timeline:

Weather Conditions: Edmonton’s climate can impact construction schedules, especially during winter months.
Material Availability: Supply chain issues can cause delays in obtaining materials.
Customization Level: Highly customized homes may require more time for design and construction.
Builder’s Schedule: The builder’s workload and efficiency can influence the timeline.

Conclusion

Building a new home in Edmonton is a multifaceted process that typically spans 9-12 months from groundbreaking to move-in day.

By understanding each phase and the factors that can influence the timeline, homeowners can better prepare for a successful home-building journey.

Have more questions about Buying New Construction Process? Contact Chris Reid Edmonton REALTOR®

For more insights into Edmonton’s real estate market, follow me on Facebook, Instagram, and YouTube. Stay updated on the latest new build opportunities and exclusive deals!

Edmonton New Home Builders - Trends and Market Updates • Edmonton New Home Builders - Trends and Market Updates • Edmonton New Home Builders - Trends and Market Updates • 20 December 2024

New Construction Home Warranties in Alberta: What is Covered

by Christina Reid

New Construction Home Warranties in Alberta - Chris Reid Edmonton REALTOR®

New Construction Home Warranties in Alberta can make purchasing in Alberta an exciting venture. One of the critical aspects to consider when buying a new home is understanding the warranty that comes with it. A warranty acts as a safety net, providing homeowners with peace of mind that their investment is protected against unforeseen defects or issues. In Alberta, new home warranties are not just a bonus—they’re mandatory under the New Home Buyer Protection Act. This blog will guide you through everything you need to know about warranties in new construction homes in Edmonton and Alberta.

What Is a New Home Warranty?

A new home warranty is a legally binding agreement between the homebuilder and the homeowner, designed to protect buyers from potential defects in materials, workmanship, and structural components of the home. In Alberta, this warranty is mandatory, and every builder must provide coverage as per the New Home Buyer Protection Act.

Coverage Under the New Home Buyer Protection Act

The New Home Buyer Protection Act, implemented in 2014, sets out specific coverage periods for different components of a new home. Understanding these timelines is crucial for homeowners:

1-Year Coverage

Covers defects in materials and labor, such as:

Flooring
Trim and fixtures
Paint and finishes

2-Year Coverage

Covers defects related to:

Plumbing
Electrical systems
Heating and ventilation systems

5-Year Coverage

Covers the building envelope, which includes:

Exterior walls
Roof
Windows
Doors This coverage can be extended to 7 years if opted for by the builder or homeowner.

10-Year Coverage

Covers major structural components, including:

Foundation
Frame
Load-bearing walls

This framework ensures comprehensive protection, allowing homeowners to address issues promptly without significant out-of-pocket expenses.

Mandatory Warranty Providers in Alberta

In Alberta, builders are required to work with licensed warranty providers. Some of the most well-known providers include:

Alberta New Home Warranty Program (ANHWP)
Progressive Home Warranty
National Home Warranty
Aviva Warranty Each provider offers slightly different terms and conditions, so homeowners must review the specific details of their warranty policy.

Key Components of New Home Warranties

Understanding what a warranty covers (and doesn’t cover) is essential for homeowners:

1. Materials and Workmanship

This aspect of the warranty ensures that visible elements like cabinets, countertops, flooring, and drywall meet quality standards. Defects caused by poor craftsmanship or substandard materials are typically covered in the first year.

2. Systems

Mechanical systems such as plumbing, heating, and electrical components fall under a two-year warranty. This includes issues like faulty wiring or leaking pipes.

3. Building Envelope

The building envelope acts as a shield, protecting your home from external elements. Problems like water leaks or air infiltration are covered for up to five or seven years.

4. Structural Integrity

Structural components like the foundation and framing are covered for a full decade, ensuring your home’s stability over time.

What’s Not Covered by a New Home Warranty?

While warranties are comprehensive, they do have exclusions. Homeowners should be aware that the following are typically not covered:

Normal wear and tear
Maintenance-related issues (e.g., clogged gutters)
Damage caused by homeowner negligence
Landscaping or outbuildings like sheds
Cosmetic issues after the initial walkthrough
There are some items that don’t have to be perfect review the Construction performance guide to see where there is some give and take to finishings.

Understanding these exclusions helps homeowners manage expectations and maintain their property appropriately.

How to File a Warranty Claim

If an issue arises within the warranty period, follow these steps to file a claim:

1. Document the Issue

Take clear photos and notes about the defect. Include details like when the problem was first noticed and its impact on your home.

2. Notify the Builder or Warranty Provider

Reach out to your builder or warranty provider in writing. Most warranty providers require you to use their specific claim form.

3. Inspection and Resolution

After receiving your claim, the builder or warranty provider will inspect the issue. If it falls under warranty, they will arrange for repairs or replacements.

4. Keep Records

Maintain detailed records of all communications, inspections, and repairs. This can be helpful if disputes arise.

The Role of Alberta’s Residential Protection Program

The Alberta Home Warranty Program ensures builders comply with warranty requirements. Homeowners can also turn to the program if disputes arise between them and their builders. The program offers mediation and arbitration services to resolve conflicts effectively.

Tips for Maximizing Your Warranty

Here’s how you can make the most of your new construction home warranties:

1. Understand Your Policy

Carefully read the warranty documentation provided by your builder. Knowing the coverage timelines and exclusions is crucial.

2. Perform Regular Maintenance

Routine maintenance not only keeps your home in good condition but also prevents minor issues from escalating into costly repairs.

3. Conduct Seasonal Inspections

Inspect key areas like the roof, foundation, and drainage systems every season to identify potential problems early.

4. Don’t Delay Filing Claims

If you notice a defect, report it promptly. Delayed claims can lead to disputes or denial of coverage.

Benefits of a New Home Warranty

Having a warranty in place offers several advantages:

1. Peace of Mind

Knowing your home is protected against unforeseen issues allows you to enjoy your new space stress-free.

2. Financial Security

Repairs can be costly. A warranty ensures that eligible repairs are covered, saving you significant expenses.

3. Higher Resale Value

A transferable warranty can make your home more attractive to potential buyers, providing added value in the resale market.

Choosing a Reliable Builder

Selecting a reputable builder is the first step to ensuring your home’s quality and warranty coverage. When evaluating builders in Edmonton:

Check reviews and testimonials
Verify their registration with an authorized warranty provider
Ask about their post-construction services and warranty support

Builders with a proven track record are more likely to honor warranty claims and deliver high-quality construction.

Common Warranty Disputes and How to Avoid Them

Despite the protections offered by warranties, disputes can arise. Here’s how to navigate common issues:

1. Builder Denies Responsibility

If your builder claims the defect isn’t covered, review your warranty policy carefully. You can escalate the issue to Alberta’s Residential Protection Program if necessary.

2. Delayed Repairs

Follow up persistently and document all communications. If delays persist, involve your warranty provider.

3. Quality of Repairs

Ensure repairs meet industry standards. Don’t hesitate to request a second inspection if you’re unsatisfied with the work.

The Future of Warranties in Alberta

As construction technologies evolve, so do warranty policies. Builders and warranty providers are continuously enhancing their offerings to align with modern construction standards and consumer expectations. Homeowners can expect more comprehensive and flexible warranties in the years to come.

Conclusion

Understanding new construction home warranties is vital for protecting your investment. In Alberta, the New Home Buyer Protection Act ensures that homeowners are covered against defects and structural issues, giving them peace of mind. By familiarizing yourself with the warranty process, maintaining your home, and choosing a reliable builder, you can enjoy your new Edmonton home with confidence.

Have more questions about New Construction Home Warranties in AB? Contact Chris Reid Edmonton REALTOR®

For more insights into Edmonton’s real estate market, follow me on Facebook, Instagram, and YouTube. Stay updated on the latest new build opportunities and exclusive deals!

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