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SNEAK PEAK 9811A 91 St DUPLEX FORT SASKATCHEWAN $209,900

SNEAK PEAK 9811A 91 St DUPLEX FORT SASKATCHEWAN $209,900

OPPORTUNITY! HUGE PIE SHAPED LOT AND AWESOME LOCATION!

Welcome Home! Great 3 + 1 Bedroom Duplex in Quiet Cul-De-Sac in the heart of Fort Saskatchewan. Close to everything and easy access to major highways, shopping, transportation, schools, parks, and so much more. HUGE PIE SHAPED LOT. Main floor has 3 bedrooms, full bathroom, large living room and kitchen with dining area. Partially finished basement has large rec room, laundry room, rough in bathroom area and furnace mechanical room. Also has basement bedroom area. Property is a fixer upper and great home for first time home buyer’s looking to build equity or investor looking for great rental property and future value. Do not let this one pass you by!

CONTACT JARETT JOHNSON TO VIEW 780-777-9703

Living in Fort Saskatchewan! Community Information Page!

Living in Fort Saskatchewan! Check this out

If you are a new or existing resident of beautiful Fort Saskatchewan and need information regarding animal services, community events, emergency services, road ways, taxes, transit, utilities and so much more check out the new look to the Fort Saskatchewan city website. Tons of great information just a few clicks away. Great for checking up on your tax assessments, utility accounts, waste pick up days, and so much more. Click Here!

2019 Real Estate and Housing Forecast Seminar – In Review

2019 Real Estate and Housing Forecast Seminar – In Review

Today was the annual Realtors® Association of Edmonton 2019 Housing Forecast Seminar at the Edmonton Convention Centre (the old Shaw Conference Centre). This year boasted a great group of speakers! The knowledge and insights presented have great value for anyone wondering “what is happening in the economy and real estate market in 2019 and the future”.

The very well spoken and knowledgable speakers included: Chairs from the Realtor’s® association, chief economist with the city of Edmonton, a senior analyst withe the Canada Mortgage and Housing Corporation (CMHC), and the Executive Vice President of Banking with Canadian Western Bank (CWB). I wanted to share some insight and summary of the day and inform those curios what these experts expect for 2019. There are some aspects that can not be predicted at this time but would drastically boost these projections and help all Albertans and Edmontonians. These include policy and political changes, trans mountain pipe line advances, oil prices, and other macro economic drivers.

A short summary for 2019 is as follows. Expect another difficult economic year in 2019 with increased inventory, decreased sales volume, and average prices decreasing similar to what we seen in 2018. The longer future is very optimistic and stable. We should see rebounds by the fourth quarter of 2019 as inflation, unemployment rates, are both decreasing. While interest rates should remain stable with possibly one more increase throughout the year.

Key Points of the 2019 Real Estate and Housing Forecast

Unit sales for residential units to decrease overall in 2019 by approximately 1-2% across the market
Inventory is expected to increase between 1 – 2 % across the board in 2019
Prices will remain stable for average price and median prices with slight drops. The highest expected decrease in prices to effect the condominium market by approximately 2%. 1-2% decrease in price across all housing markets.
– The most stable market to remain the duplex and row housing market boosted by settling into the most affordable and active price point between $300,000 – $350,000 while also benefiting from a forecasted slight decrease in inventory amongst this specific sector.
Inflation is expected to decrease to about 2% which will better support the real income of the average overall spending power.
GDP per Capita is forecasted to gradually grow over the next 10 – 20 years. In 2018 the City of Edmonton GDP per capita was $67,302. In comparison, before the recession, in 2017 we were well over $70,000 and expected to reach this again by 2027. Slow growth expected with moderate inflation.
Average Rent is to remain strong and increase slightly as the affordability for purchasing homes remains difficult for most individuals. Vacancy rates are starting to come down from 2016 and 2017 (where we seen a decrease in rent prices).

Interesting Statistics and Facts from the Event

Listings and inventory increased to record highs in June 2018
2018 National MLS® HPI Benchmark Prices. Edmonton sits 13th overall at $321,800. The country sits at $488,080. The highest is greater Vancouver at $1,042,080 and Calgary sits at $418,300.
2018 Average Prices for Edmonton and Surrounding Area Highest Average Price to Lowest (St Albert, Edmonton, Sherwood Park, Beaumont, Fort Saskatchewan, Spruce Grove, Leduc Stoney Plain)
Employment: Unemployment rate has decreased from some historic (5 year) highs in 2017, approximately 8%, to 6% in the third quarter of 2018. This is also highlighted with an overall increase in overall jobs in the Edmonton market (765,000 jobs in Q1 2018 to 785,000 jobs in Q3 2018). In comparison before the 2015 Alberta Recession, the 2014 unemployment rate was close to 5.5%. There has been a very notable shift in Edmonton employment away from industrial with a higher focus on public works, education, and health care.
Consumer debt has decreased significantly from 2015 and 2016 but not to as low as it previous was in and before 2014.
New mortgage loans decreased basically across all age group and only increase (7% increase) in the age group for those under 25.
Elasticity of the Edmonton Housing Market. Edmonton has a great ability (one of the most capable in the country) to respond to an increased demand for housing. When unsold inventory rises new home construction falls.

The Edmonton Journal

If you have any further questions or would like to discuss what this means for you and your real estate investment please do not hesitate to contact me anytime!

Jarett Johnson
Realtor® Owner Manager
Realty Executives Focus

Before, During, and After Downsizing: 
What Seniors Need to Know

Before, During, and After Downsizing:
What Seniors Need to Know

Courtesy http://elderfreedom.net/

When it comes to making the most of those golden years, many seniors find that where and how we live makes a big difference. That’s why so many decide to downsize from their larger family homes to more manageable spaces.

Downsizing can be a bittersweet process. On the one hand, it’s exciting to start a new adventure in a new place. On the other hand, our homes are filled with much more than stuff — they are filled with memories. Knowing the right decisions to make from start to finish can help create a more positive, smooth, and maybe even painless downsizing experience. Here are a few moving tips every senior should think about when they consider downsizing their home.

Before You Begin

There are a lot of good reasons to consider a smaller home. Less space to manage means less time spent cleaning and less money wasted heating and cooling rooms you no longer use.  Big homes can feel isolating, especially when compared to a cozy cottage in a retirement community. Before you downsize, consider your needs and wants.

  • Will you move into a smaller house, purchase a condo or rent an apartment?
  • What is the chance that you will eventually need long-term care?
  • Do you want to move closer to family or retire in a comfortable climate or exciting city?
  • Will you be living alone or with a spouse, partner or roommate?
  • How much can you afford for living expenses?
  • Will you need home modifications to help with sight, hearing, or mobility?

The answer to these questions can help you determine your budget for downsizing, which, in turn, helps you find the right space at the right price. It also helps to know the temperature of the housing market. Answer all of these questions honestly, and use your results to drive your search for a new home.

Making the Move

Since the whole purpose of downsizing is to live in a smaller, safer, and more manageable home, you will have to let some belongings go — and unfortunately, some of them may be hard to part with. This is especially true for seniors who have lost loved ones and will be purging some of their belongings, as well. Make the process less challenging by.

  • Giving sentimental items to family members and donating other items to a cause really meaningful to you or your loved one.
  • Keeping only one or two particularly treasured keepsakes out of a collection.
  • Taking pictures of items you want to remember but don’t need to keep.
  • Organizing possessions into keep, donate, sell and unsure categories. Put the boxes marked “unsure” into storage until you are ready to decide.
  • Scan photos and keep digital copies in the cloud, as opposed to physical copies that clutter up space.

Downsizing is challenging, but it can also be liberating. Moving beyond needing all that stuff can lift a heavy weight — or even a dark cloud — from over your retirement plans.

However, when you finally decide to pack up, it’s important to make a checklist and check out some helpful online guides (for example, how to pack DVDs and wrap fragile items before boxing them up) to ensure the process goes as smoothly as possible. If there are items you’d like to keep, consider renting a self-storage unit. Make sure you can fit the price of renting a storage unit into your budget, and keep in mind that you might need to rent a U-Haul truck to transport those items to your new home.

Life After Downsizing

A smaller space may take some time and adjustment to get used to, especially if you’ve moved to a different city or town. Be patient and compassionate with yourself. You can have a lot of fun making your new house into a home by:

  • Inviting friends over for meals, movies, book clubs, and crafting.
  • Taking walks to explore your new neighbourhood.
  • Getting to know your neighbours and their families.
  • Making new friends at local community and senior centres.
  • Volunteering your time at a local charity that makes a difference in your area.

Downsizing can feel like stepping on to an emotional roller coaster. There are exciting, soaring highs, but that means there will likely be a few stomach dropping lows. Just remember you can handle this. Make a plan to keep you grounded; knowing what you want and what you can afford will help your enjoy your new home and all the new experiences that come with it.

HAPPY NEW YEAR! All the best in 2019

I would like to wish everyone a very Happy New Year. The start of a new year is a great time to celebrate the accomplishments we made in the previous year and to look forward to achieving more in the coming year. It’s a time to reflect and give thanks for the past year, celebrate small victories, make decisions to change, and embark on new beginnings and fresh starts.

I personally am very optimistic for 2019 and extremely excited to get back to work, improve my self personally, meet new people, and enjoy new experiences.

All the best in 2019!

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