Home Inspections New Builds: A Must-Know for Edmonton Buyers

by Christina Reid

Home Inspections New Builds Edmonton Buyers- Chris Reid Edmonton REALTOR®

Home Inspections New Builds, is it needed? When buying a new construction home in Edmonton, it’s easy to assume that everything will be perfect. After all, it’s brand-new, built with the latest materials, and inspected by the builder, right? While that may be true to an extent, home inspections are still a critical step for new builds. Many buyers overlook this essential process, thinking it only applies to older homes. However, even brand-new properties can have hidden issues that might lead to costly repairs or compromises in safety.

If you’re considering purchasing a new home in Edmonton, here’s everything you need to know about why a professional home inspection is a non-negotiable step in your journey to homeownership.

Why New Builds Aren’t Perfect

New construction homes in Edmonton are built to meet high standards, but perfection isn’t guaranteed. Here are some common reasons why even new homes may require inspections:

1. Construction Oversights

Even the most skilled builders can make mistakes. Tight deadlines, subcontractors managing multiple projects, and human error can result in oversights such as improperly installed systems, incorrect wiring, or structural misalignments.

2. Material Defects

Builders rely on suppliers for materials, and while they aim for quality, some products may arrive damaged or defective. These issues often go unnoticed until they cause problems.

3. Code Compliance Doesn’t Equal Perfection

City inspectors in Edmonton focus on ensuring that homes meet the Alberta Building Code. While these inspections are thorough, they’re not exhaustive. Builders meet minimum standards for safety and compliance, but finer details that could affect functionality or longevity might be missed.

What Does a Home Inspection Cover in a New Build?

A professional home inspector evaluates various aspects of your property to ensure it meets quality and safety standards. Here’s a breakdown of what they typically inspect:

1. Structural Integrity

Inspectors assess the foundation, framing, roofing, and walls to ensure your home is built to last. They check for cracks, uneven settling, or other signs of potential structural issues.

2. Plumbing Systems

From pipes to fixtures, inspectors test water pressure, drainage, and leak potential. In cold climates like Edmonton, proper pipe insulation is also evaluated to prevent freezing.

3. Electrical Systems

An inspector ensures that all wiring, outlets, and breaker panels are installed correctly and meet safety standards. Poorly wired circuits or overloaded panels can be dangerous if undetected.

4. HVAC Systems

Your heating, ventilation, and air conditioning systems are crucial for Edmonton’s variable weather. Inspectors verify that these systems are functioning efficiently and safely.

5. Roof and Attic

Roof inspections identify potential leaks, improperly installed shingles, or poor ventilation. Attic spaces are checked for insulation and moisture issues.

6. Windows and Doors

Inspectors check that windows and doors are properly sealed and installed, preventing drafts or water leaks.

7. Exterior Features

This includes inspecting the siding, grading, drainage, and any exterior installations like decks or patios to ensure they are safe and durable.

When Should You Conduct a Home Inspection for a New Build?

1. Pre-Drywall Inspection

This stage allows inspectors to check the home’s framing, plumbing, electrical, and HVAC systems before drywall is installed. It’s easier to identify issues when these elements are still exposed.

2. Final Walkthrough Inspection

Before closing, have an inspector evaluate the finished property. This is your last chance to catch issues before you move in.

3. Warranty Inspection

Most new builds in Edmonton come with a builder’s warranty. Schedule an inspection during the first year to identify problems covered under warranty, such as settling cracks or HVAC inefficiencies.

Benefits of Home Inspections in New Builds

1. Peace of Mind

A thorough inspection ensures you’re investing in a home that’s safe, functional, and free from hidden issues.

2. Negotiation Leverage

If the inspection reveals problems, you can ask the builder to address them before closing or negotiate repairs within the purchase agreement.

3. Long-Term Savings

Identifying and fixing issues early can save you from costly repairs down the road.

4. Warranty Claims

An inspection report serves as documented proof when filing warranty claims with your builder.

5. Confidence in Your Investment

Knowing that an independent professional has vetted your home adds confidence to your purchase, especially for first-time homebuyers.

Choosing the Right Home Inspector in Edmonton

When hiring an inspector, look for professionals with these qualifications:

Certification: Ensure they’re certified by organizations like the Canadian Association of Home & Property Inspectors (CAHPI).
Experience: Choose someone familiar with Edmonton’s housing market and Alberta’s building codes.
Reputation: Read reviews or ask for references to ensure you’re working with a reputable inspector.
Specialized Knowledge: Some inspectors focus on new builds and understand the unique challenges of inspecting unfinished or recently completed properties.

Common Misconceptions About Home Inspections in New Builds

1. “The Builder’s Warranty Covers Everything”

While warranties are helpful, they don’t cover every issue, especially those caused by improper use or negligence.

2. “The Home Passed City Inspections”

City inspections are not as detailed as private home inspections. They focus on code compliance, not quality assurance.

3. “New Homes Don’t Have Problems”

Even new builds can have issues like settling foundations, improperly installed systems, or cosmetic defects.

4. “Inspections Are Expensive”

The cost of an inspection pales in comparison to the potential cost of addressing hidden issues after moving in.

How to Address Issues Found During an Inspection

1. Create a Punch List

A punch list is a document detailing repairs or adjustments required before you take ownership of the home. Your builder should address these items promptly.

2. Communicate with the Builder

Approach the builder with professionalism. Most reputable builders in Edmonton aim to resolve issues quickly to maintain their reputation.

3. Use the Warranty Period

If an issue arises after you move in, take advantage of the warranty coverage to address it.

The Cost of Skipping a Home Inspection

Bypassing an inspection might save a few hundred dollars upfront, but it could lead to thousands in repair costs later. Common issues like water damage, faulty wiring, or HVAC failures often require expensive fixes.

Consider this: Edmonton’s climate presents unique challenges such as freezing temperatures, which can affect plumbing and insulation. An inspection ensures your new home is equipped to handle these conditions.

The Future of New Home Inspections in Edmonton

With Edmonton’s housing market growing and new developments constantly emerging, the demand for home inspections in new builds is expected to rise. Buyers are becoming more informed about the importance of this process, leading to higher-quality homes and greater transparency in the real estate industry.

Conclusion: Don’t Skip the Inspection

A home inspection is not just an additional expense—it’s an investment in your future home. Whether it’s your first house or your dream property, an inspection ensures you’re starting this new chapter with confidence and peace of mind.

In Edmonton, where housing standards are high but not immune to error, hiring a certified home inspector is one of the smartest decisions you can make. Protect your investment, secure your safety, and enjoy your new home knowing it’s been thoroughly vetted.

Have more questions about home inspections new builds? 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!

Financing New Construction Homes: What You Need to Know in Edmonton

by Christina Reid

Financing new construction homes in Edmonton is one of the most critical aspects to navigate. With Edmonton’s growing real estate market and the increasing popularity of new builds, understanding your financial options and the unique considerations for new construction financing can make the process smoother and more manageable.

Why Choose a New Construction Home in Edmonton?

Before diving into financing, it’s essential to understand why Edmonton’s new construction market is so appealing. The city offers a blend of affordability, modern designs, energy-efficient homes, and customizable options. With new communities popping up in areas like Windermere, Keswick, and Chappelle Gardens, buyers have a wide range of choices tailored to their needs. Moreover, Edmonton’s thriving economy and family-friendly neighborhoods make it a hotspot for those seeking long-term investments.

Understanding the Basics of Financing New Construction Homes

Financing new construction homes differs from purchasing a resale property. With a new build, you’re not just buying a home—you’re often funding its construction. Here are some key components:

1. Builder Deposits

When purchasing a new construction home, most builders in Edmonton require a deposit. This upfront payment secures your lot and starts the building process. Typical deposits range from 5% to 10% of the home’s purchase price.

2. Construction Mortgages (Draw Mortgage)

For homes built from the ground up, a construction mortgage is common. This type of loan provides funds in stages as the home progresses. Key phases include:

Initial Deposit: Covers the lot and early construction.
Draws: Issued at various milestones, such as foundation, framing, and finishing.
Completion Payment: The final installment paid upon project completion.

3. Completion Mortgages

If you’re buying a newly built home that’s move-in ready or nearing completion, you’ll likely need a completion mortgage. This functions like a traditional mortgage, where you make monthly payments after taking possession.

Steps to Financing a New Construction Home

1. Get Pre-Approved

Before meeting builders or selecting a lot, get pre-approved for a mortgage. Pre-approval gives you:

A clear understanding of your budget.
Confidence to negotiate with builders.
Proof of financing, which many builders require.

2. Work with a Mortgage Specialist

Specialists experienced in new construction financing can guide you through the unique requirements. They’ll help you choose between fixed-rate, variable-rate, or hybrid options and explain terms like amortization periods and interest-only payments during construction.

3. Understand Additional Costs

New builds often come with additional expenses beyond the base price. These can include:

Upgrades: Customizations or premium finishes.
GST: New construction homes are subject to the Goods and Services Tax (GST) in Canada, though some buyers may qualify for rebates.
Landscaping: Often not included in the initial cost and deposits are generally due.
Home Warranty Fees: Covers structural and system issues.

4. Secure Financing for Deposits

Deposits are required upfront, and they are usually non-refundable. Some buyers use personal savings, while others secure a line of credit or bridge loan.

Government Programs and Incentives

Edmonton buyers can take advantage of several government programs to make financing easier:

1. GST New Housing Rebate

Eligible buyers may receive a rebate on a portion of the GST for new construction homes priced under $450,000.

2. RRSP Home Buyers’ Plan (HBP)

With the HBP, you can withdraw up to $60,000 from your Registered Retirement Savings Plan (RRSP) tax-free to finance your down payment.

3. First Home Savings Account (FHSA)

A first home savings account (FHSA) is a registered plan which allows you, if you are a first-time home buyer, to save to buy or build a qualifying first home tax-free (up to $8000), with a lifetime limit of $40,000.

Navigating Edmonton’s New Home Market

1. Choose a Trusted Builder

Financing a new home starts with selecting a reputable builder. Edmonton is home to renowned builders like Jayman BUILT, Landmark Homes, and Coventry Homes. Research their track records, warranty programs, and customer reviews to ensure your investment is secure.

2. Customize Within Budget

One of the most appealing aspects of new construction is customization. However, upgrades can quickly escalate costs. Set a budget for upgrades and stick to it to avoid financing issues later.

3. Plan for Delays

Construction timelines can be unpredictable due to weather, supply chain issues, or labor shortages. Ensure your financing terms allow flexibility for delays.

4. Deposit Protection

When building a new home, pre-possession insurance offers critical protection against potential builder defaults, ensuring your investment is secure at every stage of construction. This coverage is tailored to single-family and multi-family homes, combining two essential components: Deposit Protection Insurance and Home Completion Insurance. Confirm with your homebuilder the amount of coverage you have specific to your purchase agreement.

Protecting Your Investment

1. Home Warranty Coverage

All new builds in Alberta are protected under the New Home Buyer Protection Act, which includes:

One year for materials and labor.
Two years for delivery and distribution systems.
Five years for building envelope protection.
Ten years for major structural components.

2. Insurance

Once construction is complete, you’ll need homeowner’s insurance before taking possession. This coverage protects against fire, theft, and liability.

3. Budget for Closing Costs

Closing costs can include legal fees, land transfer taxes, and title insurance. These are often overlooked but can range from 1.5% to 4% of the home’s price.

Tips for Successful Financing

1. Maintain a Strong Credit Score

A high credit score can secure better mortgage rates and terms. Avoid taking on additional debt or making significant purchases during the construction period.

2. Lock in Your Interest Rate

Many lenders offer rate locks for new construction financing, ensuring your interest rate remains stable even if market rates rise during the building process.

3. Stay in Communication with Your Lender

Keep your lender updated on construction progress and any changes to the purchase agreement. This ensures your financing aligns with the project timeline.

The Future of Edmonton’s New Home Market

As Edmonton continues to grow, new communities are becoming hubs for innovation, sustainability, and lifestyle convenience. Many builders now focus on energy-efficient designs, smart home technology, and eco-friendly materials. Financing options are also evolving, with more lenders offering tailored solutions for new construction buyers.

Financing new construction homes in Edmonton requires careful planning, research, and collaboration with experienced professionals. By understanding the unique aspects of new build financing, taking advantage of government incentives, and working with trusted builders and lenders, you can make your dream home a reality.

Have more questions about financing new construction homes? 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 • 9 December 2024

Energy-Efficient Features New Construction Homes in Edmonton

by Christina Reid

Energy-Efficient Features to Look for in New Construction Homes in Edmonton- Chris Reid Edmonton REALTOR®

When buying a new home, energy efficiency is a key consideration for homeowners in Edmonton. Not only do energy-efficient features lower your utility bills, but they also reduce your carbon footprint and increase your home’s resale value. Edmonton, with its cold winters and warm summers, demands homes designed to maximize energy performance year-round. In this guide, we’ll explore the top energy-efficient features to prioritize in new construction homes, why they matter, and how they benefit homeowners in the Edmonton region.

Why Energy Efficiency Matters in Edmonton Homes

Cost Savings

Edmonton experiences long, cold winters, making heating a significant expense. Energy-efficient features reduce heating costs during colder months and cooling costs during summer, leaving more money in your pocket.

Environmental Impact

Energy-efficient homes use less electricity, gas, and water, contributing to a greener environment. Edmonton homeowners can do their part to mitigate climate change by choosing homes with sustainable features.

Increased Home Value

Homes with energy-efficient certifications or features are more appealing to future buyers. As energy costs rise, more buyers are willing to pay a premium for these benefits.

Top Energy-Efficient Features to Look For

1. High-Performance Insulation

One of the most critical aspects of an energy-efficient home is its insulation. In Edmonton, where temperatures can plummet, proper insulation is essential to maintain comfortable indoor temperatures without overworking your heating system.

Features to Look For:
- Spray foam insulation
- Blown-in cellulose
- Rigid foam boards
Benefits:
- Reduces heat loss in winter and heat gain in summer.
- Lowers energy bills.

2. Energy-Efficient Windows and Doors

Windows and doors are common culprits for energy loss. Investing in high-performance options ensures your home stays well-insulated.

Features to Look For:
- Triple-pane windows with low-emissivity (Low-E) coatings
- Argon or krypton gas fills between panes
- Insulated fibreglass or steel exterior doors
Benefits:
- Improved insulation
- Reduced drafts
- Lower heating and cooling costs

3. Advanced HVAC Systems

Heating, ventilation, and air conditioning (HVAC) systems account for a significant portion of energy use. Modern, energy-efficient systems deliver better performance while using less power.

Features to Look For:
- ENERGY STAR®-certified furnaces and air conditioners
- Zoned heating and cooling systems
- Heat recovery ventilators (HRVs)
Benefits:
- Reduced energy consumption
- Improved indoor air quality
- Comfortable temperatures year-round

4. Solar-Ready Roofing

Edmonton receives ample sunlight even during colder months, making solar energy a viable option. Solar-ready roofs are designed to support photovoltaic (PV) panels, allowing you to harness renewable energy.

Features to Look For:
- Roof structures designed to support solar panel installations
- South-facing roof orientation
- Pre-installed conduit for electrical connections
Benefits:
- Lower electricity bills
- Reduced reliance on non-renewable energy sources

5. Smart Home Technology

Smart home systems enhance energy efficiency by allowing you to monitor and control energy usage in real-time.

Features to Look For:
- Programmable thermostats
- Smart lighting systems
- Smart appliances
Benefits:
- Customized energy management
- Lower utility bills
- Increased convenience

6. Energy-Efficient Lighting

Switching to energy-efficient lighting is one of the easiest ways to reduce energy consumption. New construction homes often include these upgrades as part of their design.

Features to Look For:
- LED or CFL bulbs
- Motion sensor lighting
- Dimmer switches
Benefits:
- Reduced electricity costs
- Longer-lasting light bulbs
- Minimal maintenance

7. High-Efficiency Water Heaters

Heating water is another major energy expense. Energy-efficient water heaters are designed to use less power while delivering consistent hot water.

Features to Look For:
- Tankless water heaters
- Heat pump water heaters
- ENERGY STAR®-certified models
Benefits:
- Reduced energy bills
- On-demand hot water
- Space-saving designs

8. Low-Flow Plumbing Fixtures

Water conservation is an important part of energy efficiency. Low-flow fixtures use less water without compromising performance.

Features to Look For:
- Low-flow shower-heads
- Dual-flush toilets
- WaterSense®-certified faucets
Benefits:
- Lower water bills
- Reduced energy use for water heating
- Environmentally friendly

9. Airtight Construction

New homes with airtight construction minimize air leaks, ensuring better energy efficiency.

Features to Look For:
- Properly sealed ducts
- Weatherstripping around windows and doors
- Blower door tests for air leak detection
Benefits:
- Improved indoor comfort
- Reduced energy loss
- Lower utility bills

10. Renewable Energy Systems

Incorporating renewable energy systems into your home’s design can significantly reduce energy consumption.

Features to Look For:
- Solar panels
- Geothermal heating and cooling
- Wind turbines (if permitted)
Benefits:
- Lower reliance on grid energy
- Reduced carbon footprint
- Potential government incentives

Certifications and Programs for Energy-Efficient Homes in Edmonton

When shopping for a new home, look for certifications that guarantee energy-efficient construction. Some of the most trusted programs in Canada include:

ENERGY STAR® Certification

Homes that meet ENERGY STAR® standards are built with energy efficiency in mind. This certification ensures your home is at least 20% more efficient than standard homes.

Net-Zero Ready Homes

Net-zero ready homes are designed to produce as much energy as they consume, offering exceptional efficiency. These homes are built with advanced insulation, airtight construction, and renewable energy systems.

R-2000 Certification

R-2000-certified homes exceed building code requirements, offering superior energy performance, indoor air quality, and environmental responsibility.

Government Incentives for Energy-Efficient Homes in Edmonton

Edmonton homeowners can take advantage of various programs and incentives to offset the costs of energy-efficient upgrades:

Canada Greener Homes Grant: Offers grants for installing energy-efficient systems, such as heat pumps and solar panels.
CMHC Green Home Program: Provides mortgage insurance premium refunds for buyers of energy-efficient homes.
Provincial Rebates: Alberta-based incentives may be available for renewable energy systems or energy-efficient appliances.

Questions to Ask Your Builder

When purchasing a new construction home in Edmonton, don’t hesitate to ask your builder about energy-efficient features. Here are some questions to consider:

What type of insulation is used in the home?
Are the windows ENERGY STAR® certified?
Does the home include a high-efficiency HVAC system?
Is the home solar-ready or equipped with renewable energy systems?
What certifications does the home meet (e.g., ENERGY STAR®, Net-Zero Ready)?
What warranties or guarantees are offered for energy-efficient systems?

Energy-efficient features are essential for homeowners in Edmonton looking to save money, reduce their environmental impact, and enjoy a comfortable living space. From high-performance insulation to smart home technology, investing in a home built with energy efficiency in mind is a decision that pays off in both the short and long term.

Whether you’re a first-time homebuyer or upgrading to your dream home, prioritizing energy-efficient features is a smart choice that aligns with Edmonton’s unique climate and energy needs.

Have more questions about energy-efficient features to look for in new construction homes 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!

Uncategorized • 6 December 2024

Making Your New Home Truly Yours- Customization Options

by Christina Reid

Making Your New Home Truly Yours - Chris Reid Edmonton Realtor

Making your new home truly yours, when it comes to purchasing a new construction home in Edmonton, customization is one of the most appealing aspects. Unlike pre-owned homes, new builds offer buyers the opportunity to shape their living spaces to align with their tastes, preferences, and lifestyle needs. Customization options are endless, from selecting finishes to reconfiguring layouts. In this blog, we’ll explore the benefits of customizing your new home, the choices available to Edmonton homebuyers, and tips for creating a space that truly feels like yours.

Why Choose a New Construction Home in Edmonton?

Edmonton’s thriving real estate market is brimming with opportunities for new construction homes. Builders are offering flexible customization options to meet the growing demand for personalized living spaces. Here’s why Edmonton buyers are opting for new construction:

Flexibility: Design a home tailored to your needs.
Energy Efficiency: Incorporate modern, energy-efficient features.
Warranty Protection: Enjoy peace of mind with builder warranties.
Cutting-Edge Technology: Seamlessly integrate smart home technologies.

Customization Options for New Construction Homes in Edmonton

1. Floor Plan Layouts

Choosing the right floor plan is the foundation of personalizing your home. Edmonton builders often provide multiple layout options to suit varying needs:

Open Concept Layouts: Perfect for families who love entertaining.
Split-Level Designs: Ideal for multi-generational living.
Home Offices: A growing necessity in today’s work-from-home era.
Flex Spaces: Multi-purpose rooms for hobbies, workouts, or guest stays.

Consider your family size, lifestyle, and future needs when selecting a floor plan.

2. Interior Finishes

Your choice of finishes has a significant impact on the overall aesthetic of your home. Builders in Edmonton typically offer a wide array of options:

Flooring: Hardwood, laminate, tile, or luxury vinyl.
Cabinetry: Custom kitchen cabinets with soft-close features.
Countertops: Granite, quartz, or butcher block for the kitchen and bathrooms.
Paint Colours: From neutral tones to bold accents, customize walls to reflect your personality.

3. Exterior Customization

Your home’s exterior is its first impression. Edmonton’s new home builders may allow you to personalize these details:

Siding Options: Choose between vinyl, stucco, or fibre cement siding.
Roofing Styles: Asphalt shingles, metal roofing, or composite materials.
Landscaping: Add curb appeal with custom landscaping packages.

The exterior element of your home is restricted to the architectural guidelines of the neighbourhood you purchase in. The land developer places restrictions on the look and materials used.

4. Kitchen Upgrades

The kitchen is often called the heart of the home. Edmonton builders offer customizable options for creating your dream kitchen:

Appliance Packages: Select high-end, energy-efficient appliances.
Cabinet Designs: Add custom cabinetry for storage solutions.
Backsplashes: Choose tiles that add character and texture.
Lighting: Incorporate pendant lights or under-cabinet lighting for ambiance.

5. Bathroom Personalization

Bathrooms are more than functional spaces—they’re sanctuaries for relaxation. Personalize them with these options:

Freestanding Tubs: Add a luxurious spa-like feel.
Rainfall Showers: Upgrade to a modern shower system.
Double Vanities: Maximize convenience in shared bathrooms.
Tile Choices: Choose tiles that match your design vision.

6. Smart Home Technology

Edmonton’s new builds are embracing the smart home revolution. Add tech features that elevate convenience:

Smart Thermostats: Control heating and cooling remotely.
Security Systems: Install cameras, sensors, and alarm systems.
Automated Lighting: Adjust lights with voice commands or apps.
Integrated Speakers: Enjoy a built-in sound system for every room.

7. Energy-Efficient Features

In Edmonton’s climate, energy efficiency is essential. Customize your home to save on utilities and reduce environmental impact:

Windows: Choose triple-pane windows for better insulation.
HVAC Systems: Install high-efficiency furnaces and air conditioners.
Solar Panels: Incorporate renewable energy options.
Insulation Upgrades: Opt for advanced insulation for better energy performance.

8. Basement Development

Many Edmonton builders offer the option to finish basements during construction. Personalize your lower level:

Legal Suites: Create income-generating rental spaces.
Entertainment Rooms: Add home theaters or game rooms.
Guest Suites: Provide privacy for visitors.
Wine Cellars: Build a custom wine storage area.

9. Outdoor Living Spaces

Take advantage of Edmonton’s beautiful summers by customizing your outdoor spaces:

Decks and Patios: Extend your living space outdoors.
Pergolas: Add charm and shade to your yard.
Fire Pits: Create a cozy gathering spot.
Fencing: Ensure privacy and security for your property.

10. Personal Touches and Upgrades

Bring your unique vision to life with personal touches. Edmonton builders often allow these options:

Accent Walls: Add character with shiplap, wallpaper, or textured finishes.
Built-Ins: Incorporate shelving or cabinetry for a polished look.
Lighting Fixtures: Install statement chandeliers or designer sconces.
Custom Stairs: Upgrade to a modern staircase with glass railings.

Tips for Customizing Your New Construction Home

Work Within Your Budget
Customization can add costs, so prioritize upgrades that matter most to you. Focus on structural changes early; cosmetic updates can often be done later.
Communicate With Your Builder
Collaborate closely with your Edmonton builder. Clear communication ensures your vision is understood and executed.
Future-Proof Your Home
Consider long-term needs, like accessibility features or additional storage, to make your home functional for years to come.
Seek Professional Advice
Interior designers or architects can offer valuable insights into layouts, finishes, and functionality.
Focus on Resale Value
While personalizing your home, keep in mind what upgrades might attract future buyers if you ever decide to sell.

Why Customization Matters

Personalization transforms a house into a home. It’s not just about aesthetics—it’s about functionality, comfort, and creating a space that resonates with you. Customization options in Edmonton’s new construction homes allow buyers to:

Express Their Style: Choose finishes and designs that reflect your personality.
Optimize Space: Ensure every corner of your home serves a purpose.
Enhance Comfort: Tailor your home for ultimate relaxation and ease.
Boost Investment Value: Strategic upgrades increase property value.

Building a new construction home in Edmonton is a unique opportunity to create a living space that fits your exact needs. From layout designs to smart technologies, the customization options are virtually limitless. By working with your builder and considering both your current lifestyle and future needs, you can design a home that’s truly yours.

Embrace the chance to make your home a reflection of your personality, priorities, and dreams. With thoughtful planning and attention to detail, your new home will not only meet your expectations but exceed them.

Do you have more questions on – Making Your New Home Truly Yours- Customization Options? 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!

Fort Saskatchewan Home Sales Statistics • Fort Saskatchewan Home Sales Statistics • Fort Saskatchewan Home Sales Statistics • Fort Saskatchewan Home Sales Statistics • Fort Saskatchewan Home Sales Statistics • Fort Saskatchewan Home Sales Statistics • Fort Saskatchewan Home Sales Statistics • 4 December 2024

Real Estate Market Statistics Fort Saskatchewan- November 2024

by Christina Reid

Real Estate Market Statistics Fort Saskatchewan November 2024

The real estate market statistics for Fort Saskatchewan have shown remarkable resilience and growth throughout 2024. As we conclude November, let’s delve into the performance indicators that have shaped the local market this year.

Bar Graphs Below Are Interactive

Fort Saskatchewan New MLS® Listings

new listings in November surged by 56.82% with 69 new properties hitting the market, and a 6.49% YTD increase underscores a healthy influx of new listings throughout the year.

Fort Saskatchewan Average List Price

Average Asking Price: The average asking price for homes stood at $493K in November 2024, up by 8.51% from the previous year. YTD figures also show a considerable rise, with prices climbing from $420K in 2023 to $476K in 2024, marking a 13.23% increase.

Fort Saskatchewan Home Sales

In November 2024, Fort Saskatchewan’s real estate scene observed some mixed signals. The number of sold properties slightly dipped with 38 transactions, marking a 2.56% decrease compared to November 2023. However, this decrease is nuanced by the larger year-to-date (YTD) figures which tell a broader story of growth.

Year-to-Date Performance

From January to November 2024, the market has been vibrant, with 739 properties sold, a significant 31.26% increase over the same period last year. This surge indicates strong buyer interest and a robust property market, possibly driven by favoruable economic conditions and attractive real estate offerings in the area.

Fort Saskatchewan Average Home Sale Price

Consistent with asking prices, the average sale price in November was $416K, which is a 12.35% increase from November 2023. The YTD average sale price is even more telling, at $442K, which is up by 11.65% from last year.

Real Estate Market Statistics -Average Days on Market

Homes are selling faster, with the average days on market decreasing by 58.14% to just 36 days in November 2024 compared to the previous year. The YTD trend also shows a reduction from 74 days in 2023 to 57 days in 2024, a decrease of 22.97%.

Fort Saskatchewan’s real estate market has demonstrated significant growth and dynamism in 2024. The trends we’ve observed suggest a strong and appealing market for both sellers and buyers. As we move into the final stretch of the year, prospective buyers and investors should watch these trends closely, while sellers might find it an opportune time to list, given the robust selling prices and quick market movements.

For those considering entering the Fort Saskatchewan real estate market or contemplating a sale, the current conditions offer promising opportunities. As always, aligning with a knowledgeable realtor can provide the necessary insights and guidance to navigate this lively market effectively.

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.

Are you considering buying or selling or just interested in more information on the real estate market in Fort Saskatchewan? CONTACT ME HERE

City of Fort Saskatchewan Website

St. Albert Real Estate Market Stats • St. Albert Real Estate Market Stats • 4 December 2024

St. Albert Market Statistics – Home Sales November 2024

by Christina Reid

St. Albert Market Statistics – Home Sales November 2024 : St. Albert, known for its vibrant community and appealing lifestyle options, continues to be a sought-after location for homebuyers in the Edmonton area. The real estate market in St. Albert has shown significant growth and resilience throughout 2024, reflecting a dynamic interplay of demand and supply that shapes local housing trends. This blog provides an in-depth analysis of the St. Albert real estate market as of November 2024, highlighting key statistics and year-to-date changes.

Overview of Market Activity

As of November 2024, the St. Albert real estate market has exhibited notable trends that signify a healthy and active market. The following sections detail the sales performance, price fluctuations, and other pertinent metrics that define the current market landscape.

Bar Graphs Below Are Interactive

St. Albert New Listing Count

The number of new listings in November 2024 was 82, reflecting a decrease of 26.79% compared to the same period last year. The year-to-date figures mirror this trend, with 1800 new listings in 2024 versus 1807 in 2023, a marginal decrease of 0.39%.

St. Albert Real Estate- Average List Price

The average asking price in St. Albert as of November 2024 stood at $584,000, showing a slight decrease of 1.60% from the previous year.

St. Albert Market Statistics Home Sales

In November 2024, St. Albert saw a total of 95 properties sold, marking a 3.26% increase compared to November 2023. This monthly performance contributes to a robust year-to-date figure, with a total of 1427 properties sold in 2024, up by a substantial 23.23% from 1158 in 2023. This surge in sales volume indicates a strong buyer interest and a healthy turnover in the housing stock, reflecting consumer confidence and a growing population seeking residence in St. Albert.

St. Albert Average Sale Price of Homes

For November, the average sale price was $519,000, a significant increase of 14.84% from November 2023. When looking at the year-to-date data, the average sale price climbed to $498,000 in 2024, up 9.18% from $456,000 in 2023. These statistics indicate that while sellers might be adjusting their expectations slightly downwards, buyers are willing to invest more, driven perhaps by quality improvements or competition for desirable properties.

Average ask-to-sell ratio in St. Albert as of November 2024 was 0.992, up by 1.85% from the previous year, reflecting tighter negotiations between buyers and sellers. The year-to-date data for 2024 shows an average ratio of 0.997, compared to 0.981 in 2023, a rise of 1.60%. This trend suggests that sellers are achieving sales very close to their asking prices, indicative of a seller’s market where demand aligns closely with supply.

St. Albert Housing Market Days on MLS®

The days on market until sale in November averaged 63 days, showing an increase of 12.50% from last year. However, the year-to-date figures present a faster market, with properties taking an average of 49 days to sell in 2024, improving by 19.67% from 61 days in 2023. This indicates a quicker turnover rate for properties, suggesting an efficient market where well-priced homes move faster.

Several factors contribute to the robust dynamics of the St. Albert real estate market. The city’s appeal as a family-friendly community with excellent schools, abundant green spaces, and high-quality municipal services makes it a top choice for prospective homebuyers. Economic stability in the region, coupled with competitive mortgage rates and a diverse housing stock, supports sustained growth in the housing sector.

Looking ahead, the St. Albert real estate market is poised for continued growth. The consistent increase in property values and sales volumes is expected to persist, driven by ongoing residential developments and enhancements in local infrastructure. Prospective buyers and investors should consider these trends when making decisions, as the market shows promising signs for both short-term gains and long-term investments.

Conclusion

The St. Albert market statistics demonstrate significant growth and resilience throughout 2024. With an increase in sold properties and a steady rise in average sale prices, the market conditions favour both sellers and buyers looking for valuable opportunities. As St. Albert continues to develop and attract residents, the real estate market is expected to remain vibrant and dynamic, offering numerous opportunities for those looking to invest in a thriving community.

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.

Interested in buying or selling in the St. Albert real estate market CONTACT CHRIS REID

St. Albert Website

Parkland County Real Estate Market Statistics • Parkland County Real Estate Market Statistics • Parkland County Real Estate Market Statistics • 4 December 2024

Parkland County Real Estate Acreage Sales Statistics November 2024

by Christina Reid

Parkland County Real Estate: A Year of Strong Growth and Optimistic Projections

As we close out another successful year in the Parkland County real estate market, it’s important to reflect on the trends, data, and insights that have shaped acreage sales over the past twelve months. The year 2024 has shown remarkable growth in the sale of properties in this area, painting a picture of a robust market with increasing buyer interest and rising property values. This analysis will delve into the specifics of these trends, providing a comprehensive overview of what has happened and what to expect in the future.

Below Graphs Are Interactive

Parkland County Acreage Listings

57 New listings came to market in November a 29.5% increase over same time last year. Year to date listings are down only 24 from 2023.

Parkland County Average List Price

One of the most noteworthy trends in Parkland County’s real estate market this year has been the substantial rise in property values. The average asking price for acreages shot up by an impressive 50.87% to $831,000, up from $715,000 the previous year. This sharp increase is reflective of the high demand for spacious, rural properties—an appeal that has grown exponentially in the wake of urban congestion and the seeking of more serene, spacious living environments.

Parkland County Acreage Sales

Parkland County has witnessed a substantial increase in both the number of properties sold and their respective selling prices. A total of 602 properties were sold this year, marking a significant 15.99% increase compared to the 519 properties sold in 2023. This spike in sales volume is a clear indicator of heightened market activity and growing buyer confidence.

In November 2024 alone, there were 49 sold properties, a dramatic 40.00% increase from November 2023. This surge is part of a larger trend observed throughout the year and can be attributed to several factors, including increased marketing efforts, more competitive pricing strategies, and a general uptick in the economy which has bolstered consumer confidence.

Parkland County Acreage Average Sale Price

The average sale price saw a robust increase, climbing to $638,000, which is a 20.39% increase from the previous year’s average of $596,000. These figures underscore the strong investment potential of Parkland County’s acreage properties, with both sellers and buyers seeing significant returns and value appreciation, respectively.

The Average Ask to Sell Ratio, an indicator of how close the final selling price is to the listed asking price, stood at 96.8% for the year. This high ratio is a strong indicator of a seller’s market, where bidding wars and competitive pricing strategies often result in sales prices very close to, or sometimes even above, the asking prices.

Parkland County Acreage Days on Market

The average number of days that properties stayed on the market before being sold was 112 days in 2024, slightly up by 4.67% from 2023. While this might suggest a slight cooling, it actually reflects a more stabilized market where buyers are willing to take the time to find their perfect match in a property, indicating healthy demand and a robust market.

The real estate market in Parkland County has experienced a year of strong growth and optimistic future projections. With an increase in the number of properties sold, a significant rise in property values, and a high sell-to-list ratio, the market dynamics indicate a healthy and thriving environment for both buyers and sellers. As we look forward to 2025, the trends suggest that this growth is not just a temporary spike, but rather a sustainable upward trajectory. For anyone considering investing in real estate, Parkland County presents a compelling opportunity, especially for those looking to buy acreage properties in a market that promises both tranquility and profitability.

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 would like more information on buying and selling in Parkland County CONTACT CHRIS REID

Parkland County Website

Home Sale Statistics Edmonton • 4 December 2024

November 2024 Edmonton Real Estate Market Statistics

by Christina Reid

November 2024 Edmonton Real Estate Statistics - Chris Reid Century 21 Leading Realtor

The November 2024 Edmonton real estate landscape is continuing to evolve, offering both challenges and opportunities for buyers and sellers alike. The latest data for November 2024 highlights significant growth and shifts that are shaping the market dynamics. Here’s a comprehensive look at the current state of the Edmonton real estate market, backed by the most recent statistics.

Below Graphs Are Interactive.

Edmonton New MLS® Listings

Despite the positive growth in sales and prices, the number of new listings in Edmonton has experienced a slight decline. November 2024 saw 1,600 new listings, marking a 2.14% decrease from the previous year. However, the overall number of listings YTD has grown by 6.27% to 27,000. This indicates that while the market is tight, there is still a reasonable influx of new properties to meet buyer demand.

Average List Price Edmonton Real Estate Market

The average asking price for homes in Edmonton has seen a steady increase, reaching $462,000 in November 2024, which is a 3.35% increase from the previous year.

Home Sales In The Edmonton Real Estate Market

Robust Sales Growth Demonstrates Market Resilience

The number of properties sold in Edmonton saw a significant increase in November 2024, with 1,400 transactions recorded—a 15.88% rise compared to November 2023. This year-to-date (YTD) figures are even more impressive, with 19,300 properties sold, marking a 26.71% increase from the previous year. Such robust growth demonstrates the resilience of the Edmonton real estate market, signalling a strong buyer demand and a healthy economic backdrop.

Edmonton Average Home Sale Price

Average sales prices have climbed to $412,000, reflecting a 13.45% increase compared to November 2023. Over the year, this trend has been consistent, with the YTD average sales price up by 8.25% from last year. These rising prices reflect a growing market and underscore the importance of timely decision-making for potential buyers.

The average ask to sell ratio in November 2024 stood at 0.980, showing a slight improvement of 1.05% over the previous year. This ratio has been steadily increasing, as evidenced by the YTD figure of 0.988, up 1.66% from 2023. This closer gap between asking and selling prices points to a market where buyers are willing to meet seller expectations, leading to quicker sales and less negotiation.

Edmonton Real Estate Market -Average Days

How quickly a property sells is a crucial metric in gauging market health. In 2024, Edmonton has seen a favourable shift in days on market in November falling to 61.

The efficiency of the market has improved as properties are spending less time on the market. The average days on market until sale has decreased by 20.29%, dropping from 74 days in 2023 to 55 days in 2024. This faster turnover reflects a market where demand meets supply efficiently, benefiting sellers with quicker sales and buyers with a variety of choices.

Edmonton’s real estate market in November 2024 showcases a dynamic environment where both prices and sales volumes are on the rise. The decrease in days on market and a stable ask to sell ratio indicate a market that is becoming more efficient and competitive. For buyers, the market demands swift decisions and flexibility, while sellers can benefit from the increased willingness of buyers to meet asking prices.

For those looking to enter the Edmonton real estate market, the current trends suggest that now is a time of opportunity. Whether you’re buying or selling, staying informed and working with knowledgeable professionals can help navigate this vibrant market effectively.

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 in Edmonton? CONTACT CHRIS REID

City of Edmonton Website

Spruce Grove Real Estate Statistics • 4 December 2024

Real Estate Market Statistics Spruce Grove November 2024

by Christina Reid

The real estate market statistics for Spruce Grove real estate market for November 2024 is one of the most dynamic markets in the Edmonton area. Whether you are a prospective homebuyer, a real estate investor, or simply keeping tabs on market trends, this update offers a comprehensive overview of key indicators that define the current state and future trajectory of Spruce Grove’s property landscape.

The Spruce Grove real estate market has exhibited remarkable growth over the past year, underscored by several positive trends across various metrics. Let’s delve into the specifics to better understand what these numbers mean for you.

The below graphs are interactive

New MLS® Listing Count

While most indicators show positive growth, the number of new listings in November 2024 has seen a decline of 17.17% compared to the previous year, with only 82 new listings. This reduction could be a result of limited inventory, which is a common trend in thriving real estate markets. However, the year-to-date figures show a more stable scenario, with 1,472 new listings, up by 8.80% from 2023. This suggests that while monthly fluctuations occur, the overall listing activity remains healthy.

Average Listing Price in Spruce Grove

The average asking price in November 2024 stood at $485,000, up by 13.87% from the previous year. These figures illustrate a robust appreciation in property values, offering a lucrative opportunity for sellers and a crucial insight for buyers preparing to enter the market.

Spruce Grove Home Sales

One of the most significant indicators of the health of a real estate market is the number of properties sold. In Spruce Grove, the total number of sold properties reached 68 in November 2024, marking a 3.03% increase from the previous year. Year-to-date (YTD) figures are even more impressive, with 1,187 properties sold in 2024, which is a substantial 31.89% increase compared to 2023. This uptick in sales volume is a strong signal of growing buyer interest and an increasingly competitive market environment.

Real Estate Market Statistics Spruce Grove Average Home Sale Price

his increase is consistent with the trend observed in average sale prices, which saw a 23.20% rise to $444,000 in the same month, compared to November 2023. The year-to-date average sale price also rose to $427,000, reflecting a 9.80% increase from the previous year.

The average ask-to-sell ratio in November 2024 was 0.989, showing a slight increase of 1.24% from the previous year. This ratio, which measures how close the final sale price is to the asking price, indicates that sellers are achieving nearly their full asking price, signifying a seller’s market where buyers are willing to meet the terms set by sellers.

Days on Market Until Sale

Another key aspect of market dynamics is the average number of days properties stay on the market before being sold. In Spruce Grove, homes are selling faster, with the average days on market until sale dropping to 62 days in November 2024, a reduction of 17.33% from 71 days in 2023. This decrease in days on market is indicative of a more fluid market where properties are moving quickly, often due to competitive bidding and high demand.

The real estate market statistics in Spruce Grove is characterized by robust growth, increasing property values, and a competitive environment that benefits both buyers and sellers. Whether you are looking to invest in residential properties, sell your home, or find a new place to call your own, understanding these trends can greatly assist in making informed decisions.

As we move towards 2025, the momentum seen in the Spruce Grove real estate market suggests continued opportunities for growth and investment. Prospective buyers should be prepared for a competitive market, and sellers can expect continued interest in their properties.

For more information on buying or selling in Spruce Grove CONTACT CHRIS REID

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.

City of Spruce Grove Website

Stony Plain • Stony Plain • 4 December 2024

Real Estate Stony Plain Sale Statistics- November 2024

by Christina Reid

Real Estate Stony Plain Market - Home Sales Chris Reid Realtor

Real Estate Stony Plain Statistics Market Update: November 2024

The Stony Plain real estate market has shown robust growth and resilience throughout 2024, presenting a compelling narrative for both potential home buyers and investors. With its close proximity to Edmonton and its unique small-town charm, Stony Plain offers a mix of residential appeal and economic stability. Here, we delve deep into the market dynamics, analyzing year-to-date data, and projecting future trends.

Below Graphs Are Interactive

Stony Plain Real Estate – New MLS® Listings

New listings in Stony Plain have also seen a positive trend, with 42 new properties hitting the market in 2024, up by 10.53% from 2023. The total number of new listings YTD reached 573, showing a modest increase of 4.37%. This growth in listings helps maintain a balance between buyer demand and available inventory, ensuring that the market does not tilt too heavily in favour of sellers and remains accessible for first-time buyers and investors.

Average Asking Price of Homes in Stony Plain

The average asking price for homes in Stony Plain has risen to $422,000 in 2024, which is a significant 28.76% increase from the previous year. This rise in asking prices indicates that homeowners are confident in the value of their properties and expect the market to sustain these valuations. Moreover, the historical data reveals a consistent growth in asking prices from $369,000 in 2023 to $405,000 in 2024, highlighting a stable appreciation in property values.

Stony Plain Home Sales

Stony Plain’s real estate market has experienced significant growth in 2024, with a noticeable increase in both the number of properties sold and the average sales prices. Year-to-date (YTD), the area saw 471 properties sold, marking a 28.34% increase compared to the previous year. This uptick in sales volume is indicative of a healthy demand, driven by the town’s attractive living conditions and strategic location.

Average Home Sale Price

The average selling price in November 2024 stood at $388,000, reflecting a substantial 26.93% increase from November 2023. The consistent rise in prices underscores a strong market where buyers are willing to invest more in their home purchases. This trend is supported by the YTD average sales price, which reached $379,000—a 9.03% rise from the previous year.

Ask-to-sell ratio in Stony Plain has slightly declined to 0.971 in 2024, down by 0.70% from the previous year. This slight dip might suggest that buyers are negotiating more aggressively amidst rising prices, yet the market remains predominantly seller-friendly, with most homes selling close to their asking price.

Average Days on Market

An important metric that reflects market health is the average days on market until sale, which stands at 62 days in 2024. This is a slight increase of 3.33% from the previous year. However, it is notably lower than the 66 days recorded in 2023, suggesting that while properties are taking slightly longer to sell this year, the overall pace of sales remains brisk, indicative of ongoing buyer interest and engagement.

The Stony Plain market is poised for continued growth, driven by its desirable location, growing community, and robust economic fundamentals. The data indicates a market that is gradually maturing, with sustainable growth in property values and sales volumes. For investors, Stony Plain offers a promising avenue for real estate investment, particularly in residential properties, given the steady increase in demand and property values.

For potential homebuyers, the market presents a variety of opportunities, from single-family homes to townhouses and condos, catering to different lifestyles and budgets. The town’s commitment to community development and quality of life makes it an attractive destination for families looking for a blend of suburban tranquility and urban accessibility.

In conclusion, the Stony Plain real estate market in 2024 has demonstrated significant growth and resilience. With its strong market fundamentals and continued demand, Stony Plain remains an appealing option for both real estate investors and prospective homeowners. As we look towards 2025, the market is expected to maintain its upward trajectory, reinforced by strategic developments and an influx of new residents attracted to its vibrant community and economic opportunities.

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