First Blush Blog

Closing Costs - WTF?

Posted on Nov 11, 2019

One of the most common questions I get as an agent is What are Closing Costs? How much can I expect to spend? The answer is difficult - it is different for every transaction. But here is a baseline for what you can expect:

Lawyer fees(Buyer and Seller each pay for their own representation): On a buyer side a lawyer will typically charge anywhere fro...

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September Stat's with Scarlett

Posted on Oct 28, 2019

Total MLS® unit sales in Edmonton Census Metropolitan Area (CMA) real estate market increased 5.72% from last year, but the number of new listings is also up by 1.67% from September 2018. Overall inventory is down 9.72% from last year. 

Unit sales for condos saw the largest increase, up 26.78% compared to September 2018. Duplex unit sales increased 7...

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June 2019 Stats with Scarlett

Posted on Jul 28, 2019

Average sale prices have decreased slightly by 0.70% month over month and 3.71% from June 2018. Total sales were up 0.56% compared to this time last year.
New listings dropped 18.03%, and overall inventory is down 11.68% since last year.

Single family home prices decreased 4.45% year over year and down 1.76% from May 2019. Condo prices are also down...

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Mortgage Qualification Just Got Easier

Posted on Jul 28, 2019

What is the a "Stress-Test" and how does it impact Canadians? Over the last few years new mortgage rules were implemented requiring all borrowers to qualify for a mortgage using a "minimum qualifying rate". Rather than obtaining a mortgage approval based on the interest rate offered by a lender, borrowers have to pass a "stress-test" by qualifying...

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May 2019 Stats with Scarlett

Posted on Jun 08, 2019

Inventory has decreased by 7.28% compared to May 2018 and has increased 6.06% compared to last month. The number of sales have gone up 4.04% compared to this time last year and 17.64% from last month on average. This indicates we are starting to move towards a more balanced market for overall residential activity in Edmonton. Single Family sales in...

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April Stats with Scarlett

Posted on May 10, 2019

Edmonton CMA Stats

Unit sales across all residential categories went up compared to March 2019. Single family homes saw an increase in sales of 43.68%, Condo sales were up 38.21%, and Duplex/Row Housing sales went up 34.06% month over month. Year over year sales are up 3.43% compared to April 2018, but year to date sales are down 8.44% compared to...

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