Winter Activities to do in Edmonton Before Spring
 
Wondering what there is to do in Edmonton this Winter before spring comes rolling in? There are tons of activities available to you across the snow and ice blanketed Edmonton winter landscape.
 
 
1. Ice Castles - Marvel at the acre-sized winter wonderland that is crafted by hand, using only icicles and water, that resembles frozen waterfalls, glaciers or ice caves brought to Edmonton by Ice Castles. Walk through the Disney-esque ice castle enjoying the stunning displays. Details
 
 
2. Elk Island National Park - Bison/Elk viewing is at its best in winter as animals come out in the open to forage for food in this unspoiled prairie winter wilderness. The national park offers plenty of other winter activities like cross country skiing, snow shoeing, along the many multi use trails. Details
 
 
3. Cooking Lake Blackfoot Provincial Recreation Area -This area provides another venue for plenty of fun winter activities including wildlife viewing,snowmobiling, dog-sledding, cross-country skiing & ice skating.
 
 
4. Strathcona Wilderness Centre - Enjoy a glorious winter day with family skiing, snow shoeing or join for any of the special events like World Snow Day, Moonlight Ski, The Great Pastry Casper at the Strathcona Wilderness Centre. Trail Map or Details
 
 
5. Snow Valley Ski Club - Skiing, snowboarding, snow school. Website
    Sunridge Ski Area - Website
    Rabbit Hill Snow Resort - Website
    Edmonton Ski Club - Website
 
 
6. Hiking & Snowshoeing - If you love walking in the winter, then treat yourself by walking along the many River Valley Trails. All these trails are maintained by the city of Edmonton. From Terwillegar Park to Hermitage Park you'll discover a wide range of family facilities you can warm up to. Whether you're tobogganing, skating, cross-country skiing, snowshoeing, or winter picnicking, you can find warm resting areas en-route.
 
 
7. Ice Fishing - The best ice fishing spots in Alberta, Gull Lake and Sylvan Lake are within 2 hours of drive from Edmonton. You can also try Pigeon lake or Lac La Nonne which are a 90 minute drive from downtown Edmonton,
 
 
 
 
Walk Out Bungalow $775,000
 
 
Six Bedroom Family Home $125,000
 
 
Foreclosed Bungalow $180,000
 
 
Bungalow in Colonial Estates $390,000
 
 
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The Bank of Canada announced today that it is keeping its benchmark rate unchanged despite a weaker economy in the fourth quarter of last year and expectations that growth in the near term will be weaker. Should the recent slowdown in growth be more persistent than forecast, we may see a rate cut. In particular, the Bank will be watching consumer spending, the housing market and business investment.


The next rate-setting day is Wednesday, March 4th.  

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Seasons Greetings
 
To all my clients, colleagues, and business partners:
 
I would like to take this opportunity to wish everyone a wonderful holiday season. 2019 has been an outstanding year both personally and professionally. My wife and I continue to be grateful for a happy, active and healthy family.
 
It has been over 10 years since I was recruited by RE/MAX, and am pleased to say it continues to be beneficial to both me and my clients.  RE/MAX's market presence and additional resources ensure that my clients receive an unparalleled Real Estate experience. I remain committed to ensuring you have the most timely information, relevant resources and best team so you can buy or sell with confidence. Of course, it doesn’t happen without your trust and confidence in me. For this I am so grateful.
 
Thank you for your business, referrals and loyalty in 2019. I look forward to serving you in 2020.
 
Warmest wishes for the upcoming year.
 
 
Sincerely,
 
Graham Ogden – RE/MAX RIVER CITY
The right advice for buying or selling with confidence.
 
 
 
 
Walk Out Bungalow $775,000
 
 
Six Bedroom Family Home $394,900
 
 
Foreclosed Bungalow $180,000
 
 
Bungalow in Colonial Estates $390,000
 
 
...
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The Bank of Canada announced today that it is keeping its key rate unchanged, noting that the global economy appears to be stabilizing with growth expected to edge higher in the coming years, although uncertainty relating to ongoing trade conflicts continues to be a risk. A resilient Canadian economy, with investment spending stronger than expected, has allowed the Bank to hold rates while many other countries have eased. Going forward the Bank's rate decisions will be guided by negative...

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Edmonton Market Report for October 2019
 
 
REALTORS From Across Canada Urge Governments to Reduce Costs & Remove Barriers to Home Ownership
 
 
REALTOR® associations from Canada’s largest real estate markets are calling on all levels of government to take meaningful action to make home ownership more accessible to people across the country.

With a federal election on October 21, the Toronto, Calgary and Vancouver real estate boards, together with the Quebec Professional Association of Real Estate Brokers, the REALTORS® Association of Edmonton and the Nova Scotia Association of REALTORS® are urging the federal political parties to commit to policies that will help remove barriers and reduce the cost of home ownership.

These organizations are asking the federal political parties to adopt the following housing affordability recommendations:
  
  • Revise the Office of the Superintendent of Financial Institution’s (OSFI) mortgage stress test to take into account its impact on different real estate markets across the country. The federal government should view the stress test as a flexible policy and adjust it based on changing economic trends and interest rates.
  • Replace the $750 First-Time Home Buyers Tax Credit with a $2,500 non-refundable tax credit for first-time home buyers.
  • Reintroduce 30-year mortgage amortizations.
  • Consider regional differences when implementing nation-wide measures that affect home buyers.
 
With housing affordability and supply a top-of-mind issue for Canadians, REALTORS® across the country want to work with federal, provincial and municipal governments to increase home ownership in Canada. There is too much regulation, at all levels of government, focused on curbing demand and providing “one-size-fits-all” solutions that do not take local market conditions into account. 
 
“Home ownership is a key component of the national economic fabric and its role in creating economic diversity cannot be overlooked. To help Canadians, the real estate market must have liquidity, but the federal government’s anti-homeownership policies have made it difficult for millennials to purchase their first home, difficult for families to upsize or downsize as their needs change and difficult for seniors to exit the market. For example, the mortgage stress test, implemented as national policy with total disregard for regional differences, has had a significant downward impact on the price point at which buyers can qualify and purchase. This has lowered prices and stolen equity from homeowners. Home equity is a substantial asset for many Canadians, and this equity will not be easily or quickly rebuilt,” said Michael Brodrick, Chair, REALTORS® Association of Edmonton.
 
 
MLS Sales Up Year-Over-Year While Market Remains Stable
 
 
Edmonton, October 2, 2019: Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of September 2019 increased 5.72% compared to September 2018. The number of new residential listings is also up, growing 1.67% from September 2018. Overall inventory in the Edmonton CMA fell 9.72% from September of last year.

Single family home unit sales are down 2.91%, unit sales of duplexes are up 7.52%, and condo unit sales jumped 26.78% from the same period of time last year.

All residential average prices are down slightly at $351,526, a 6.06% decrease from September 2018, and are down 4.30% from August 2019. Single family homes sold for an average of $420,406, a 2.16% year-over-year decrease from September 2018, and a 3.27% decrease from August 2019. Condominiums sold for an average of $217,665, a 9.82% drop year-over-year, and a decrease of 7.17% from the previous month. Duplex prices are virtually unchanged from last year at $343,230, which was a 3.17% decrease from the previous month.

“The Edmonton market continues to remain stable, with slight decreases in prices across all property types,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “Single family home pricing dropped 2.16%, condos are down 9.82% from last month, and duplexes are virtually unchanged at -0.58% year-over-year.”

Single family homes averaged 59 days on the market, a one day decrease from last year. Condos spent eight days less on the market, from 67 to 75 days, while duplexes averaged 67 days on market, a three day decrease from September 2018. Overall, all residential listings averaged 63 days on market, a 1.56% decrease year-over-year, and increased by one day from the previous month.
 
 
 
 
 
 
 
Beautiful Three Storey Starter Home $275,000
 
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6 Bedroom Family Home $394,900
 
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Today’s Bank of Canada rate hold announcement marks almost four straight years that the key benchmark rate has remained unchanged, since September 8, 2010. Great news if you have a variable-rate mortgage or home equity line of credit; the prime rate stays at 3%.

 

The announcement noted that “the risks to the outlook for inflation remain roughly balanced, while the risks associated with household imbalances have not diminished.” With these considerations, the Bank is maintaining its monetary policy stimulus, and remains neutral with respect to the timing and direction of the next change.

 

The next rate-setting day is October 22nd.

Copyright 2020 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.