Akinsdale St.Albert Real Estate Second Quarter Stats 2023

July 7, 2023 By

A total of 9 homes SOLD in Akinsdale this month. The highest priced home SOLD in Akinsdale this month was a 5 bed, 3 bath, 2182 square foot home for $524900, and the lowest was a 3 bed, 1.5 bath, 1165 square foot home for $329900, bringing the average to $428232 for 4 beds, 2.5 baths, and 1165 square feet. 

 
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Are you looking to buy a home in Akinsdale? Don Cholak is an expert and experienced Realtor in Akinsdale and can help you find the perfect home in Akinsdale today! Just click the big red button above or call Don at 780-718-8400.
 

Filed Under: Statistics

#14 200 Erin Ridge Drive : St. Albert : E4342869

May 30, 2023 By

Welcome to this 3 bedroom, 1.5 bathroom, 1314sq.ft bareland condo in Erin Ridge Lane!
 

 

MLS#: E4342869 Experience the perfect blend of comfort and style in this exceptional 3 bedroom half duplex in Erin Ridge Lane! Inside this 1300sqft home, discover a bright and sunny main floor with laminate flooring, gas fireplace and a well appointed kitchen with pantry and tons of counter space. Access the private, fully fenced backyard through sliding patio doors. Upstairs you will find a spacious primary bedroom with a large walk-in closet and 2 additional good size bedrooms. The fully finished basement features engineered hardwood flooring, adding sophistication to the space. Recent upgrades include a NEW furnace (2023), NEW shingles, and HWT (2019), ensuring efficiency and peace of mind. LOW condo fee of just $145.00 a month. Attached single car garage with driveway space for 2 additional cars! Conveniently located near schools, parks, and shopping, this home provides easy access to amenities. Don’t miss this opportunity to embrace comfortable and stylish living in this remarkable half duplex!
 
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Filed Under: Featured Listings

8 Huntly Court : St. Albert : E4339805

May 10, 2023 By

Welcome to this 4 bedroom, 2.5 bathroom, 1334sq.ft single family home in Heritage Lakes!
 

 

MLS#: E4339805 Welcome to this beautiful custom-built bungalow, with over 1333 sq ft, 4 bedrooms plus den and F/F basement! QUIET cul-de-sac location with one of the LARGEST pie-shaped lots in the area! Sunshine fills this open plan home with WARMTH through many LARGE WINDOWS and vaulted ceilings! Enjoy central A/C while working from home with a den just off the front foyer w/ double French doors for privacy. UPGRADES: heated bathroom floors, oak hardwood FLOORING throughout the upstairs, pantry, backsplash, and countertops in kitchen. SPACIOUS bright dining area off kitchen overlooks BEAUTIFUL & PRIVATE landscaped back yard with fruit trees and inground SPRINKLER SYSTEM. Stone patio and fire pit area for those cool evenings. Gorgeous, professionally finished basement with engineered hardwood flooring, LARGE family room w/ gas FIREPLACE, 2 bedrooms, custom STEAM SHOWER, and exercise room to work out from home. Just 250m to Ecole La Mission (K-6). Make this your BEST MOVE yet!
 
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Filed Under: Featured Listings

24 Delwood Place : St. Albert : E4337237

April 24, 2023 By

Welcome to this 5 bedroom, 4 bathroom, 2228sq.ft single family home in Deer Ridge!
 

 

MLS#: E4337237 Stunning 5-bedroom, 2228 sq ft home in Deer Ridge! Welcoming large verandah! Soaring 20ft ceilings in main living/dining area! IMMACULATE & well-maintained home with office and laundry room on main floor. Beautifully renovated kitchen/nook area with adjoining COZY family room w/ FIREPLACE. Gorgeous master bedroom with sitting area, fireplace, & HUGE 5-piece ensuite. F/F basement has 2 large bedrooms, 3rd fireplace and 4-piece bath. BEAUTIFULLY LANDSCAPED yard with underground sprinkler, massive deck, and perfect spot for a hot tub! Newer shingles/eaves. OVERSIZED 21 x 23 garage! QUIET cul-de-sac with LARGE pie shape lot backing onto park & walkways connecting to four schools.
 
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#125, 45 Inglewood Drive : St. Albert : E4333937

April 3, 2023 By

Welcome to this 2 bedroom, 2 bathroom, 992sq.ft condo in Inglewood!
 

 

MLS#: E4333937 Elegant 2 bedroom, 2 bathroom 992 sq ft unit with southeast exposure with lots of windows making this unit bright and spacious! 9 ft ceilings and BEAUTIFUL high-end finishes such as hickory kitchen cabinetry, engineered HARDWOOD flooring, undermount sinks in kitchen and bathrooms with ceramic tile backsplash. Both bedrooms are well-sized with LARGE WINDOWS! Master bedroom has a separate walk-in closet and 3 pc ensuite with a large shower. Additional features: convenient in-suite laundry, AIR CONDITIONING, and a patio that overlooks the courtyard! This 35+ adult-only building offers many GREAT AMENITIES including exercise room, workshop, car wash, HEATED U/G parking, and INDOOR salt water POOL, hot tub & sauna! Great opportunity, fantastic location, near restaurants, transportation and many trails! Available immediately!
 
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228, 45 Inglewood Drive : St. Albert : E4332950

March 27, 2023 By

Welcome to this 2 bedroom, 2 bathroom, 1054sq.ft condo in Inglewood!
 

 

MLS#: E4332950 One of St. Albert’s most DESIRABLE condominium buildings! Beautiful and inviting PRIVATE CORNER unit has 1054 sq ft offering 2 bedrooms, 2 bathrooms, open concept kitchen and dining room that leads to a wonderful living room space. Upgrades include a beautiful new kitchen tile backsplash, modern lighting, newer paint, and vinyl plank flooring. Large windows bring loads of sunshine in making this unit feel bright and airy! The Master Bedroom has a 4 piece ensuite and walk-in closet. The second bedroom is located on the opposite side of the unit and close to the second bathroom. This unit has central AIR-CONDITIONING and convenient IN-SUITE LAUNDRY ROOM! Great private BALCONY with gas hook up for barbecuing season or for quiet mornings with coffee. One HEATED UNDERGROUND PARKING stall with storage room and access to a car wash! Great amenities including INDOOR HEATED salt water POOL, hot tub, sauna, workshop area, library, social area with games room and pool table.
Ideal central location, close to shopping, restaurants, trails and parks!
 
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313, 45 Inglewood Drive : St. Albert : E4330556

March 9, 2023 By

Welcome to this 2 bedroom, 2 bathroom, 1310sq.ft condo in Inglewood!
 

 

MLS#: E4330556 Sierras of Inglewood, St. Albert’s most desirable condominium complexes. One of the BEST and LARGEST units offering 1310 sq. ft in a quiet location. BRIGHT and SPACIOUS open concept plan, 2 bedrooms, 2 bathrooms, and in-suite laundry room with storage space! Inviting and welcoming space with large windows throughout. Wake up to sunshine with an east-facing exposure. Enjoy watching beautiful sunrises from your private balcony that has a phantom screen. Renovations include bathroom, flooring, lighting, and upgraded kitchen cabinetry with stainless steel appliances, including NEW d/w and fridge. Amazing walk-in CUSTOM CLOSET off master ensuite. Perfect for organizing your wardrobe and large shoe collection! Well-maintained 35 + Adult-Only building with loads of amenities: INDOOR saltwater POOL, hot tub & sauna! HEATED underground parking & storage, central A/C, exercise room, library, car wash, and workshop.
Ideal central location close to shopping, restaurants, Sturgeon Hospital, and public transportation.
Fantastic opportunity for professionals, empty nesters, or anyone who enjoys a carefree lifestyle!
 
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Filed Under: Featured Listings

Housing Affordability in Canada: 2022 RE/MAX Report

February 3, 2023 By

Source

Relocation, relocation, relocation: Canadians love their neighbourhoods, but will move to achieve housing affordability

  • For 64 per cent of Canadians, relocation is among the top sacrifice they’d be willing to make in order to achieve housing affordability; however, half (50 per cent) agree that the farthest they would go would be less than 100 kilometres
    • 56 per cent say that moving to a different neighbourhood/community would be one of the top three sacrifices they would make
    • 38 per cent would make the sacrifice of moving to a different city/province/region regardless of distance
  • 38 per cent of Canadians define housing affordability as a home they can afford that meets their basic needs, and includes some liveability elements, such as green spaces and restaurants
  • Based on average residential selling price, Brandon, MB ranked as the most affordable market in 2022, replacing Winnipeg which was most affordable in RE/MAX Canada’s 2021 ranking. This is followed by Regina, SK (which remained on the list year-over-year), St. John’s, NL, Moncton, NB and Red Deer, AB
  • Based on the share of income spent on mortgage payments, Red Deer, AB ranked as Canada’s most affordable housing market, with 25.86% of average monthly income spent on the average-priced home. This is followed by Regina, SK (26.94%) and Brandon, MB (27.73%) in Western Canada. Eastern Canada’s most affordable regions to buy a carry a mortgage include Thunder Bay, ON (29.78% of monthly income spent on mortgage), followed by St. John’s, NL (31.45%) and Moncton, NB (33.4%)

Toronto, ON and Kelowna, BC (July 20, 2022) — RE/MAX® Canada’s 2022 Housing Affordability Report reveals that 68 per cent of Canadians are willing to make at least one sacrifice to buy a home they can afford, according to a Leger survey commissioned by RE/MAX Canada. The most common concession is relocation, as identified by 64 per cent of survey respondents – a trend that continues to reign as a primary influence in local housing markets across the country, say RE/MAX brokers. This is followed by 56 per cent indicating they would be willing to sacrifice the type of home they purchased; purchasing a home under co-ownership with family and friends, as identified by 29 per cent of survey respondents; and renting a part of their home for additional income, at 27 per cent.

According to the same Leger survey, 43 per cent of Canadians said the high price of real estate in their area was a barrier to entry into the market. This is up one per cent from last year. Other hurdles include a higher cost of living (35 per cent); a shortfall in salary (24 per cent, down two per cent from 2021); market volatility (24 per cent); and rising interest rates (24 per cent, up six per cent from 2021).

“Despite affordability challenges across the cost-of-living spectrum, Canadians are still eager to engage in the housing market – even if it means making some sacrifices in the short-term to achieve affordable home ownership,” says Christopher Alexander, President, RE/MAX Canada.

RE/MAX Canada asked Canadians to define what “housing affordability” means to them – 38 per cent of survey respondents defined affordable housing as “a home they can afford and meets their basic needs, and includes some of the liveability elements they like such as proximity to school; or walkable neighbourhoods,” to name a few.

“While we wait for governments to implement a national housing strategy to boost Canada’s supply of affordable housing, in the short-term the market is starting to cool and balance itself out, bringing some much-needed relief from the sky-high prices that we experienced during much of the pandemic. This trend is largely being driven by higher interest rates,” says Alexander.

Housing Affordability in Canada: Regional Market Trends

RE/MAX Canada brokers and agents in 24 key markets across the country were asked to provide their analysis on local market activity and housing affordability trends for the first half of 2022.

Housing Affordability in Western Canada

Across Western Canada, competition from out-of-town or move-over buyers has put upward pressure on home prices year-over-year. Double-digit year-over-year price increases were noted in Kelowna/Central Okanagan, BC (+21.1% from $778,657 in 2021 to $942,977 in 2022), Vancouver, BC (+19.69% from $1,097,000 in 2021 to $1,313,000 in 2022), Victoria, BC (+14.93% from $885,117 in 2021 to $1,017,292 in 2022), and Winnipeg, MB (+12.66% from $388,291 in 2021 to $437,460 in 2022). Meanwhile, more modest price increases were seen in markets including Calgary, AB (+5.85% from $499,229 in 2021 to $528,440 in 2022), Edmonton, AB (+4.73% from $390,490 in 2021 to $408,961 in 2022), Red Deer, AB (+3.24 % from $345,576 in 2021 to $356,779 in 2022), Regina, SK (+0.42% from $322,600 in 2021 to $323,950 in 2022), Brandon, MB (+1.75% from $304,929 in 2021 to $310,252 in 2022) and Saskatoon, SK (+1.45 from $368,079 in 2021 to $373,410 in 2022).

In regions such as Victoria, BC, and Vancouver, BC, some of the most significant factors impacting housing affordability include the high cost of living, inflation, and the housing supply shortage, which is being further compounded by new-home construction delays. Some of these factors reign true as well in regions such as Edmonton, AB, where affordability challenges are being attributed to residential construction delays; out-of-province/out-of-region buyers driving up demand and prices; and rising interest rates. In Calgary, the primary factor has been rising interest rates.

As buyers navigate high housing prices, some regions across Western Canada are experiencing trends such as properties being purchased as a primary residence while also renting part of the home to supplement monthly mortgage payments. The pooling of finances between friends and family has continued to remain a trend, as noted by the local RE/MAX broker in Victoria, BC.

The most affordable neighbourhoods across Western Canada regions surveyed include:

  • Victoria, BC – Sooke, Saanich West and View Royal
  • Kelowna/Central Okanagan, BC – Rutland, Glenrosa and Kelowna North
  • Edmonton, AB – Beverly/Beacon Heights, Prince Rupert/Queen Mary Park and Westwood
  • Calgary, AB – Dover, Erinwoods and Abbeydale
  • Red Deer, AB – Vanier Woods, Sunnybrook South and Laredo
  • Winnipeg, MB – Transcona, North Kildonan and Riverbend
  • Brandon, MB – Souris, Wawanesa and Rivers
  • Saskatoon, SK – Riversdale, King George and Casewell Hill

Interest Rate Effect on Housing Affordability in Canada

The record-low interest rates that first appeared in 2020 and continued throughout 2021 presented an exceptional opportunity for Canadians to enter or move up in the housing market. However, they also added fuel to an already hot market. With inflation at a 40-year high and interest rates rising, the housing market is starting to cool. In late 2021, RE/MAX Canada had anticipated steady price growth for the year ahead, with an estimated 9.2-per-cent increase in average residential sale prices across the country for 2022. Currently, with the exception of Hamilton, Ontario, price growth appears to be easing ­– a trend that is expected to continue through the remainder of 2022, with growth likely to occur in the single digits, and some markets expected to experience a modest decline.

“Despite current economic conditions, rising interest rates are not the biggest factor impacting housing affordability,” says Benjamin Tal, Deputy Chief Economist, CIBC. “Instead, it’s the pace at which interest rates increase that poses a greater risk to the housing market and economy in the short-term. In the long-run, factors such as rising immigration levels putting further strain on demand, limited housing supply, supply chain hold-ups, and the shortage of skilled labourers will be the greatest hurdles in overcoming Canada’s housing affordability crisis. These must all be addressed in order to help balance supply.”

Adds Elton Ash, Executive Vice President, RE/MAX Canada, “The shifts we are seeing in the housing market, with prices starting to ease across the country in tandem with softening demand and sales, are an overdue adjustment. A healthy housing market is characterized by price appreciation in the mid- to high-single digits, and many markets across Canada are re-entering that comfort zone.”

Based on broker insights and external data, as indicated within the accompanying RE/MAX Canada Housing Affordability Index, the average monthly mortgage amount across Canada ranges from approximately $1,492 to $6,314. Depending on regional income levels and with a 20-per-cent down payment, this accounts for anywhere from 25.86 to 112.25 per cent of Canadians’ monthly income. According to the Leger survey, 18 per cent of Canadians define housing affordability as allocating only 30 to 40 per cent of their monthly household income toward housing costs, including mortgage payments, property taxes and other housing-related expenses.

Thus, concern over the ability to afford a home remains among Canadians, with 68 per cent of survey respondents agree that they can’t afford to buy a home in the neighbourhood/region they choose in the next six months; 64 per cent say that eroding housing affordability is making them less confident in their ability to purchase a home; and 63 per cent express that rising interest rates are prompting them to put their home-buying plans on hold for the foreseeable future. Unsurprisingly, 70 per cent of Canadians agree that Canada needs a national housing strategy to solve the housing crisis. This number is up 10 per cent from last year.

About the 2022 RE/MAX Canada Housing Affordability Report: The 2022 RE/MAX Canada Housing Affordability Report includes data and insights from RE/MAX brokerages. RE/MAX brokers and agents are surveyed on market activity and local developments. Average sale price is reflective of all property types in a region and varies depending on the region. Regional summaries with additional broker insights can be found at RE/MAX.ca.
Filed Under: Miscellaneous Articles

#134, 45 Inglewood Drive : St. Albert : E4322126

December 9, 2022 By

Welcome to this 1 bedroom, 1 bathroom, 819sq.ft condo in Inglewood!
 

 

MLS#: E4322126 Welcome to Sierra’s of Inglewood, St. Albert’s most desirable condominium complexes. This well-maintained MAIN floor unit is bright & spacious with several large windows and beautiful upgraded laminate flooring. This open floor plan features one bedroom, living room, kitchen, and 4 piece main bathroom, including a convenient in-suite laundry room. Easy access to outdoor patio from the living room. Enjoy all the great amenities that this 35 + adult building offers: Indoor salt water POOL, sauna, guest suites, workshop, car wash, social room, pool table, library, and HEATED underground parking. Prime location: close to shopping, hospital, public transit, banks, restaurants, and walking trails. Fantastic opportunity for someone downsizing, or snow birds who love to escape the cold winters, or for the professional who chooses a carefree lifestyle. Available IMMEDIATELY!
 
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Filed Under: Featured Listings

Three of Canada’s top five ‘greenest’ cities are on the Prairies

December 6, 2022 By
Source

New research has revealed Canada’s greenest cities, with Prince Albert coming out on top.

Prince Alberta, third-largest city in Saskatchewan has been named Canada most green city with 28 hectares of parkland per person. | Submitted

A new study claims that three of the top five greenest cities in Canada, by the amount of greenspace per person, are all on the Prairies.

The study by real estate site Calgary.com analyzed parkland data for Canadian cities and scored them based on how much parkland, green area and gardens they have.

The city of Prince Albert, Saskatchewan, population 34,000 (third largest in the province), came in No. 1.

The city has 28.1 hectares of park per 1,000 people, and 20 per cent of the city is made up of parkland, which gives it a ‘Green Score’ of 100 out of 100. It’s built on a transition zone between the aspen parkland and a boreal forest, so the city is embedded in nature, judges noted.

Coming at No. 2 is Edmonton.

It scored 80.26 out of 100 on the Green Score. While it may only have 6.2 hectares of park per 1,000 people and 8 per cent of parkland, the city boasts a whopping 104 community gardens, the most out of any city in the study.

Calgary ranked No. 5, coming in with a green score of 67.67 out of 100. This is due to there being seven hectares of park per 1,000 people in the city, 11 per cent of the city being parkland, and Calgary has 59 community gardens.

The Quebec city of Gatineau is No. 3 on the list, with a green score of 76.98 out of 100.

Toronto was ranked No. 4, receiving a green score of 74.57 out of 100. Parkland makes up 13 per cent of the city and there are 79 community gardens. Due to the city’s larger population, however, there are only 2.7 hectares of park per 1,000 people.

Vancouver cracked the top 10, coming in at No. 9, with a green score of 51.51 out of 100, with 2.1 hectares of parkland for every 1,000 residents.

Filed Under: Miscellaneous Articles
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