Looking for something very specific in a certain area or areas? With my New Listing Email Service you can have the newest listings with all the criteria you are looking for sent directly to you as soon as what your are looking for hits the market.

Just email me at bcyr@shaw.ca and let me know what you're looking for and in which area(s). Please be as specific as possible.  I can have the latest MLS listings automatically sent to you through my expedited MLS service as soon as they hit the market. Just let me know and I would be happy to help!

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And how you ask does your favorite realtor get to hold the coveted Holy Grail of the CFL? Simple answer...connections. A good friend of ours works for the Eskimos and offerred us the opportunity to go and see it. I could not resist. It's actually lighter than it looks, has a few dings in it and the players names from the early years are very hard to read no doubt due to all the handling its had by people over the years. I'm not going to lie....I felt pretty special holding it...a once in a lifetime experience no doubt. 

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The question is, “are open houses truly effective in selling homes?” My answer here is an unequivocal “yes”!


I’m often asked my opinion about open houses and I’ve never wavered in my answer. I truly believe that they are an effective home selling tool. The fact is, whether you are selling a home a car or a book, the more people you get looking at something the better the chance you have at selling it – AND - for the most amount of money possible.


Open Houses are an effective way to get more people out and looking at a home in the most time efficient way. Here’s a few reasons why:


Comfort: There are some home buyers who are simply more comfortable going to a public open house than they are in making an appointment to see a home.


Curiosity often leads to buying: Some home buyers don’t want to make an appointment to see a home because they have not fully committed to buying and are ‘just curious’ so they are reluctant to make an appointment. I can assure you that almost every realtor has sold at least one home to someone who really wasn’t looking to move but saw a home they loved and could not resist.


Lack of time: With our busy lives many people find it easier to view a home when they have a window of time such as anytime between 2-4pm on Sunday to see it rather than a specific appointment.


Busy agents: Sometimes it can be difficult for a realtor to show their client several homes on a certain day or time. Open houses allow the flexibility for agents to encourage their home buying clients to go out and look at several homes on their own. Then if there is something they like the agent can take them back to a specific home for a more in depth viewing.


Exposure: All open houses are advertised therefore through the ads and signage alone the home is being exposed to more people.


Efficiency: When a realtor books an appointment to view a home that is listed for sale he/she usually requests a one hour time window to show the home to one client. So the seller cleans and prepares the home, leaves to allow the showing then returns usually an hour or so after the showing. So in 3 hours of the seller's time 1 client has seen the home. With an open house, the home is cleaned and prepared then multiple buyers can view the home over the 2 hour window.


The reality is selling your home is an intrusive process. However having as many possible potential buyers in your home is a necessity in helping the home sell quicker and for the most amount of money possible. I put my clients at ease by telling them how I conduct safe, supervised open houses. In those rare cases where a client does not wish to have one for their own reasons I of course respect that and use every other means at my disposal to market the home effectively. --by Brian Cyr

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For decades, the Canadian home buying mantra was "Bigger is better." In the 1940s, average home size was well under 1,000 square feet. By the mid-1970s, the average home size grew to 1,075 square feet, growing rapidly in the 1980s, and peaking in the mid-2000s at 2,300 square feet.

But that trend has reversed. In its most recent survey, the Canadian Home Builders Association pegged the average new home size at 1,900 square feet.

Does downsizing pique your interest?

Whether you're an empty nester, looking for less upkeep, want an urban dwelling, or just ready for a change, downsizing to a smaller home may be the right decision.


Is Downsizing Right for You?

If you're considering moving into a smaller home, here are some great questions to answer:

• Which rooms do you use the least in your home? Which ones do you use the most?

• Do you need a big garage, or could you use less space - and less clutter?

• Where in your home do you spend the most time when you're awake?

• What about your home do you consider irreplaceable, and what is more of a luxury?

Knowing what you're willing to live with (or without!) is a good start to determining whether downsizing is right for you.


Two Crucial Tips for Downsizing Your Home

Downsizing your home can streamline your life, but the process itself can be stressful.

Here are two tips to make the journey smoother:

1. Get rid of all the "stuff" you really don't use: you won't have the luxury of keeping everything, so take some time to clean house.

2. Enlist some help. Whether it's hiring an organizing expert or just calling in a favour from a friend, a neutral eye can do wonders as you start consolidating your belongings - and deciding what stays and what goes.

Two More Great Downsizing Tips

Are you getting ready to downsize?

Here are two more great tips:

1. Consider donating some of your belongings to a registered charity. It's a great way to simultaneously give back and clear some space. You may also be able to receive a charitable donation tax credit.

2. Go digital: Your camera can capture memories so you can let go of some physical items that have been sitting around in boxes.


How much money can downsizing save you?

Downsizing your home will make your life a bit easier, sure, but it also can make it less expensive. Consider:

• Your mortgage: For most people, a smaller home means a smaller mortgage payment. After all, space costs money!

• Real estate taxes: Typically when your home costs less, your taxes are less. Moving into a smaller home can mean a smaller impact on your wallet come tax season.

• Utilities: When you downsize, your utility bills are lower - sometimes significantly.

• Maintenance: Remember, less is more. You'll spend less each year on everything from cleaning supplies to yard upkeep to home repairs.

One Unexpected Way Downsizing Saves

You may not realize it, but taking care of a bigger home simply takes more time. When you downsize, you're not only reducing your household expenses, you're saving time, and that means more time for yourself.

It's one of the best, most unexpected benefits of rightsizing your life.

The Downside of Downsizing: What to Avoid

Before you downsize, it's important to look before you leap. Here are two potential pitfalls to consider:

1. Not being emotionally ready: All the planning, pruning and packing may not completely prepare you to say goodbye to your current home. Before you move, work through the emotional consequences of your decision.

2. Avoiding that claustrophobic feeling: Moving to a smaller home can be a bit shocking if you've spent years living in a larger space. To avoid the panic that all your stuff "won't fit," prune and purge before your move.

You're Ready to Downsize

You've done the math, gone through your belongings, and now you're ready to take the leap and begin looking for a smaller home. Congratulations!

What's the next step to take? Call me!

As your local RE/MAX agent, I'm available to help you find a house that fits you perfectly. Let's get started today.



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Interest Rate Sheet: Last Update: Dec/18/2015





Lender 1 Year - 2 Year- 3 Year - 4 Year - 5 Year -    
  *Specials *Specials *Specials *Specials *Specials 7 Year 10 Year
Best Rates 2.29 2.19 2.34 2.54 2.69 3.44 3.84
Radius Financial 2.89 2.64 2.64 2.74 2.79    
ATB Financial 2.74 2.64 2.59 2.69 2.89 4.54  
Bridgewater 4.8 4.7 4.8 5.25 5.25    
Canadiana 2.29 2.29 2.34 2.54 2.79    
CMLS 2.29 2.24 2.39 2.59 2.79 4.34 4.84
Coast Capital 2.25 2.3 2.55 2.69 2.79 3.49 4.39
Community  Savings 2.89 2.99 2.99 2.99 2.79    
Equitable 2.39 2.29 2.34 2.54 2.74    
Envision Credit Union 2.94 2.99 2.99 2.99 2.79 4.25 4.75
First National 2.29 2.24 2.44 2.64 2.79 3.44 3.84
Home Trust 2.69 2.24 2.39 2.59 2.79    
ICICI Bank 3.15 3.65 3.64 3.69 2.89    
Industrial Alliance     3.19 3.39 2.69 5.4 5.4
B2B Bank 3.14 3.14 3.85 4.64 4.79 5.95 6.75
MCAP 2.89 2.39 2.49 2.59 2.89 4.19 4.49
Meridian 3.09 3.09 3.55 3.29 2.89 5.95 6.29
Merix 2.29 2.29 2.34 2.54 2.79 6.25 6.45
National Bank 2.94 2.54 2.59 2.79 2.94 3.54 3.94
Optimum 2.69 2.59 2.69 2.99 3.29    
RMG Mortgages 2.89 3.09 2.49 2.59 2.69    
Scotia 2.94 2.44 2.64 2.79 2.99 3.64 4.14
Servus 3.09 3.04 3.44 3.94 4.79    
Street Capital 2.29 2.19 2.34 2.54 2.79    
TD Canada Trust 2.89 2.29 2.49 2.69 2.89 3.39 3.79
VanCity 2.84 2.94 3.19 2.99 2.99 3.89 4.29
XCEED     2.64   3.04    
Interest rates, terms, products and promotions are subject to change without notice              
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Edmonton’s housing market saw strong sales numbers in November. November’s all residential reported sales were down only 2.9% year-over-year (YoY), a notable improvement compared to October 2015 numbers which saw a 15% drop compared to October 2014. The average residential sales price in November for the Edmonton Census Metropolitan Area (CMA) dipped slightly by 3.1% YoY, however average year-to-date prices in November 2015 remain strong year-to-date (YTD) and are up 1.5% compared to November 2014 YTD.


“The warm fall weather we saw in November, coupled with healthy inventory numbers, were key factors in keeping buyers active in the market,” explains Geneva Tetreault, Chair of the REALTORS® Association of Edmonton. “During a time of year where we generally see the market slow down, consumers demonstrated confidence in the Edmonton and Area market.”


Average days on market for single family homes stayed virtually stagnant at 56 days, the same as October and up only one day (55) from November 2014. Condominiums averaged 62 days on market while duplex/rowhouses took an average of 57 days to sell, an increase YoY of 7 and 10 days respectively.


A single family home in the Edmonton CMA sold for an average of $432,862; down 1.4% from October and down 2.62% YoY. Duplex/rowhouses also dropped to an average of $339,454 – down 5.5% from the previous month and down 3.5% from November 2014. However, the average price for condominiums ($253,618) was up 3.8% over last month. All residential properties average price sat at $369,559, down a modest 0.59% from October. 


All residential active inventory remains strong with 6,043 residential properties available in the Edmonton CMA at the end of November, down from October by 9% but still up over last November by 55%.  

“While we continue to see strong inventory numbers, there are noticeably fewer listings coming onto the market in the fall, compared to our peak in the spring when we had more than 7,300 residential properties available,” said Tetreault. “We expect to see the average price to continue to adjust itself due to the slower winter sales season and higher inventory levels, as we approach 2016.”


1 Census Metropolitan Area (Edmonton and surrounding municipalities)
2 Single Family Dwelling
3 The total value of sales in a category divided by the number of properties sold 
4 The middle figure in a list of all sales prices
5 Residential includes SFD, condos and duplex/row houses. 
6 Includes residential, rural and commercial sales


Information Courtesy of the Alberta Real Estate Board

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Categories:   Market Report Nov 15
Copyright 2018 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.