Living in an Edmonton Energy Efficient Homes
What is a Net Zero Home
Net Zero Homes produce as much clean energy as they consume. They are up to 80% more energy-efficient than typical homes and use renewable energy systems to produce the remaining energy they need. Every part of the house works together to provide consistent temperatures throughout, prevent drafts, and filter indoor air to reduce dust and allergens. The result: exceptional energy performance and the ultimate in comfort – a home at the forefront of sustainability. It all adds up to a better living experience.
Why choose a Net Zero Home?
With a Net Zero Home, your utility bills will fall to an all-time low and stay low all year round, protects you from future increases in energy prices, and over time, that could be a very big deal. Net Zero Homes are built to higher standards than conventional new homes with high performance, warm windows, and better-insulated walls and roofs. Net Zero Home produces as much energy as it consumes and is up to 80% more energy-efficient than a home built to conventional standards with a built-in filtered fresh air system that reduces allergens and asthma triggers, such as dust, pollen, and outdoor air pollution.
Parts of a Net Zero Home
- If you improve your home’s overall lighting by installing larger windows and skylights, getting rid of the heavy drapes or curtains altogether, and painting the interior with brighter colors, it will make your home brighter and reduce the need of using electrical bulbs.
Types of Windows
- Most of the heat loss in a building escapes through the windows. With this in mind, good windows are critical in a Net Zero Energy home. Triple pane windows with a Low-E film, Argon insulating gas, and insulating spacers between panes are a good choice. In a northern climate, the glazing should be optimized to encourage solar energy to flow into the home while insulating to reduce heat loss to the outdoors. High-quality frames with certified sealing systems are recommended.
- Solar-electric systems use photovoltaic modules to generate electricity. The arrays can be grid-tied, meaning that the home will provide energy to the electrical grid during the day, while drawing from the electrical grid during the evenings or when the home needs more energy than can be generated. These Solar photovoltaic systems can also be connected to batteries to store excess energy. This opens up the opportunity to disconnect from the electric grid and eliminates the costs of line service charges from utility companies.
- South-facing windows allow more energy from the sun to be absorbed by the thermal mass of the concrete floor. This thermal mass gathers the heat energy in the daytime, releasing it in the nighttime hours. South-facing backyards in Edmonton have always been a hot item, now they are in more of a demand with Net Zero Energy homes.
- There are several insulation products used to insulate the Net Zero Energy homes. A few of them are the expanded polystyrene which is often used under the concrete floor in the basement. A combination of insulation materials contributes to a well-insulated Net Zero Energy home. Some of these materials are wall-time spray foam, compressed cellulose which is made predominantly from post-consumer recycled paper, and glass fiber batt insulation.
- Geothermal heating is a Ground Source Heat Pump or a GSHP and requires a higher initial investment, but with proper engineering and the right soil conditions, it can run at approximately 250% efficiency leading to long-term energy savings.
Air Source Heat Pump
- An air-source heat pump is a heating option used in Net Zero Energy homes which are designed for cold weather climates like here in Edmonton Alberta. Efficiencies range from 100%-400% depending on the outdoor temperature. The Belgravia Green home in Edmonton is an example of a Net Zero Energy home heated by an air source heat pump.
- High efficient heat recovery ventilators or HRV are also very important in a Net Zero Energy home that uses low electricity due to its commutated motors. These units provide fresh air by exchanging stale indoor air with fresh outdoor air. This allows the home to be both extremely energy efficient and a healthy environment.
- Replace household appliances that can drain a lot of power by choosing energy-star-rated ones, replace water wasters with low flush toilets and low flow showerheads & faucets and replace bulbs with energy-efficient bulbs.
Where to find an energy-efficient home in Edmonton
Most new builds in Edmonton are now energy-efficient homes which have arose from high demand in our city. The Blatchford community is an up-and-coming community near the downtown core that focuses on the environment and saving our natural resources. There are also several homes in both the University and Bonnie Doon areas where special attention has been given to mature houses making these homes net zero properties.
If you own a net-zero or energy-efficient home in Edmonton and would like to sell, please contact us. We have buyers waiting for houses like yours.
REAL ESTATE SALES AND EDMONTON PRICES UP FOR MAY
All residential average prices are at $401,390, a 13.4% increase from May 2020 and up 3.0% from April 2021. houses averaged $465,551, a 12.9% year-over-year increase and a 1.6% increase from April 2021. Condominiums sold for an average of $241,885, an 18.4% increase year-over-year, and prices are up 5.7% compared to April 2021. Duplex prices increased 10.1% from May 2020, selling at $358,195, which was a 3.1% increase from April 2021.
The MLS® Home Price Index (HPI) composite benchmark price* in the Greater Edmonton Area trended up to $347,800, a 9.3% increase from May 2020, and up 1.1% from April 2021.
“The Edmonton market in May saw a significant increase in year-over-year residential unit sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “There have also been more sales of houses, condominiums, and duplexes compared to May of last year, while month-over-month activity has started to cool off compared to April. While we need to keep in mind the drastic difference between 2020 and 2021, we are witnessing a strong market heading into the summer.”
houses averaged 28 days on the market, a 32-day decrease from May of last year. condominiums averaged 48 days on the market, a 29-day decrease year-over-year, while duplexes averaged 32 days on the market, a 31-day decrease compared to May 2020. Overall, all residential listings averaged 33 days on the market, decreasing by 33 days year-over-year and four days compared to April 2021.
Information provided by the REALTORS® Association of Edmonton
Residential Unit Sales and Average Edmonton Prices Up For February
Total residential unit sales in the Greater Edmonton Area (GEA)* real estate market for February 2021 increased 52.1% compared to February 2020 and increased 36.8% from January 2021. The number of new residential listings is up year over year, increasing 7.6% from February 2020. New residential listings are up month over month, increasing 11.4% from January 2021. Overall inventory in the GEA fell 17.6% from February of last year and increased 7.6% from January 2021.
For the month of February, single-family home unit sales are up 62.2% from February 2020 and up 40.2% from January 2021 at 1033. Condo unit sales increased by 19.5% from February 2020 and increased 26.7% from January 2021.
All residential average prices are up to $377,931, a 7.6% increase from February 2020, and up 3.8% from January 2021. Single-family homes sold for an average of $437,977, a 2.7% year-over-year increase from February 2020, and a 2.4% increase from January 2021. Condominiums sold for an average of $230,929, an 8.4% increase year-over-year, and prices are up 6.6% compared to January 2021. Duplex prices increased 6.6% from February 2020, selling at $343,028 which was a 0.4% decrease from January 2021.
The Edmonton market in February saw a significant increase in year-over-year residential unit sales as well as month-to-month sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “There have also been more sales of single-family homes, condos and duplexes compared to February of last year as well as last month. The high level of activity we have seen in February is uncharacteristic for this time of year. We are witnessing a very strong market.
Single-family homes averaged 48 days on the market, a 23-day decrease from February of last year. Condos averaged 62 days on the market, an 11-day decrease year-over-year, while duplexes averaged 48 days on market, a 32-day decrease compared to February 2020. Overall, all residential listings averaged 52 days on market, decreasing by 21 days year-over-year and decreasing by 13 days compared to the previous month.
Riverbend Sold House Prices
Terwillegar Sold House Prices
There were 16 detached houses sold in Terwillegar with sold house prices ranging from $390,000 in South Terwillegar to $1,110,000 in Magrath Heights for an average Terwillegar Heights house selling price of $525,430.
Kaskiatyo Sold House Prices
Edmonton New Build Sold Prices
There were a total of 99 MLS new build listings sold in February 2021 including 7 condominium sales and 23 duplexes. The majority of brand new detached houses were sold in Chappelle, Keswick and McConachie followed by the Orchards, Rosenthal, Edgemont and Secord. The average sold price for a detached new build this month was $534,672.
Information provided by the REALTORS® Association of Edmonton.
Fixed mortgage rates are on the rise
After months of rising housing prices and record-low mortgage rates, the Bank of Canada issued a warning that the real estate market may be starting to overheat. After hitting record lows this summer, some mortgage brokers are warning that fixed mortgage rates are starting to climb back up a little.
Just as the housing market gears up for the traditionally busy spring season, financial institutions across the country are announcing fixed-rate increases of between 0.1 and 0.2 of a percentage point, according to James Laird, co-founder of financial product comparisons site Ratehub.ca and president of CanWise Financial, a mortgage brokerage.
The rate hike would translate into a $32 monthly mortgage payment increase for someone buying a $500,000 home with a 10-per-cent down payment and a 25-year amortization, according to calculations provided by RateHub. With a 1.39 per cent interest rate and a mortgage amount of $463,950, which includes the cost of mortgage default insurance, such a homeowner would pay $1,831 a month. With an increase of 0.15 of a percentage point to a mortgage rate of 1.54 per cent, the same homeowner would be paying $1,863 a month, or $384 per year.
Anyone shopping for a home who does not yet have a mortgage pre-approval should get one as soon as possible because it will hold today's rates for 90 to 120 days.
Darren Sharko RBC Tips:
RBC Royal Bank Mortgage Specialist Darren Sharko / February 27th 2021 UPDATE / up to $2500 CASH mortgage bonus for clients on now
Residential Unit Sales and New Listings Up to Start 2021.
Edmonton, February 2, 2021: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for January 2021 increased 47.1% compared to January 2020 and increased 5.9% from December 2020. The number of new residential listings is up year over year, increasing 8% from January 2020. New residential listings are up month over month, increasing 87.9% from December 2020. Overall inventory in the GEA fell 17% from January of last year and increased 5% from December 2020.
For the month of January, single-family house sales are up 50.1% from January 2020 and up 8.5% from December 2020 at 737. Condo unit sales increased by 43.8% from January 2020 and increased by 2.7% from December 2020.
All residential average prices are up to $364,040, a 3.7% increase from January 2020, and up 0.4% from December 2020. Single family houses sold for an average of $427,677, a 3.2% year-over-year increase from January 2020, and a 0.4% decrease from December 2020. Condominiums sold for an average of $216,757, a 6.1% increase year-over-year, and prices are down 0.5% compared to December 2020. Duplex prices increased 1.6% from January 2020, selling at $344,400, which was a 4% decrease from December 2020.
The Edmonton market in January saw an increase in year-over-year residential unit sales as well as month-to-month sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “There have also been more sales of single-family homes, condos and duplexes compared to January of last year, while we’ve seen an increase in month over month sales for single-family homes and condos and a decrease in duplex rowhouse sales. We are encouraged to see this kind of activity at the start of the year, which is typically a slower time in the real estate market, and especially in the current economic climate.
Single-family homes averaged 59 days on the market, a 14-day decrease from January of last year. Condos averaged 73 days on the market, a 10-day decrease year-over-year, while duplexes averaged 70 days on market, a 15-day decrease compared to January 2020. Overall, all residential listings averaged 65 days on market, decreasing by 14 days year-over-year and increasing by 7 days compared to the previous month.
Information provided by the REALTORS® Association of Edmonton.
Riverbend Sold House Prices
Terwillegar Sold House Prices
Kaskiatyo Sold House Prices
Edmonton New Build Sold Prices
There were a total of 89 MLS new build listings sold in January 2021 including 13 condominium sales and 17 duplexes. The majority of brand new detached houses were sold in Chappelle, Edgemont, Keswick, McConachie and Secord for an average sale price of $535,303.
Information provided by the REALTORS® Association of Edmonton.
According to Remax.ca, the Edmonton housing market is to remain balanced through 2021 with house prices increasing by 2%. Edmonton real estate is likely to continue as a balanced market in 2021, with demand being segmented. Buyers are looking for single-family homes and yards, which includes duplex and row-style townhomes.
Who’s Driving Demand for Edmonton Real Estate?
Move-up buyers are currently driving demand in the Edmonton real estate market, which is expected to continue into 2021. The most popular property type of property among move-up buyers in Edmonton is single-detached houses and townhouses.
First-time homebuyers in Edmonton are typically single homebuyers. These buyers are not looking at one property type specifically and are buying across all property types. The average price spent on a property by a first-time homebuyer is approximately $300,000.It is expected to be more difficult to enter the market as a first-time homebuyer in 2021, as there is expected to be less inventory, making it tough for buyers to find the right property.
Move-up buyers in the Edmonton housing market are typically young couples. There has been very little hesitation in move-up buyers when it comes to entering the market, as many are trying to take advantage of the low-interest rates and low property values. Move-up buyers in Edmonton have changed the criteria on what they look for in a home due to COVID-19. Many move-up buyers are looking for yards, more space, separate offices and finished basements.
The condominium market in Edmonton is most popular with single homebuyers and young couples. The average price for a condo in Edmonton is $222,181. Apartment-style condos are currently in oversupply, which means prices are likely to drop. Currently, in Edmonton, many examples of large assessments have been seen, mostly due to insurance costs escalating dramatically for condo corporations, which has resulted in higher condo-fees.
Edmonton’s luxury market is currently driven by move-up buyers with the average starting price for a luxury home in Edmonton being $1,000,000. At this price point, many buyers are getting great value, with the majority of the homes being newer infill or older beautifully renovated homes with large yards in mature areas, or huge lots, often with ravine or private nature backing, in new development areas.
Edmonton’s Hottest Neighbourhoods
Edmonton’s top-selling neighbourhoods in 2020 were Anthony Henday Zone (West), North Central Zone and Southwest Zone. These neighbourhoods are expected to continue as the most popular neighbourhoods moving into 2021.
Edmonton New-Home Construction
Edmonton’s new-home construction sales are strong for single-family in both the suburbs and infill. Apartment condos are in oversupply. Most buyers are looking for a new or “like new” home across all price ranges. Based on the current demand, stand-alone houses, duplexes and townhomes with yards are a little undersupplied. One new-home construction trend that has emerged throughout 2020 has been the need for home office space options, which is directly related to COVID-19.
Canadian Housing Market in 2021
Canadians are on the move. RE/MAX isn’t calling this an “exodus,” but the re-location trend across the Canadian housing market is real, and it’s just one focus of the RE/MAX 2021 Housing Market Outlook Report. RE/MAX Canada anticipates healthy housing price growth at the national level, with move-up and move-over buyers continuing to drive activity in many regions across the Canadian housing market. An ongoing and widespread housing supply shortage is likely to continue, presenting challenges for homebuyers and putting upward pressure on prices.
How to Accurately Price Your Edmonton Home
Not sure what to ask for your Edmonton (or surrounding area) home? First, you should know the numbers on your remaining mortgage balance, payout penalties, closing costs and real estate commissions and what you will need in your pocket to be able to sell your property.
Pricing any real estate accurately is based upon a few factors. One of the main factors right now in Edmonton and the rest of Alberta is the economic and political factors. If there is no consumer confidence, a few thousand dollars can make a big difference in today real estate market when buyers are contemplating between your home and the comparable one down the street. It doesn't matter if you have just renovated your bathroom. Pricing is a key factor in a "downturn", "soft", or "buyers market".
When pricing your property - from the start - you need to take a step back and look at it through the eyes of a buyer and do some research. A few of the key components in choosing a realistic price when putting your home for sale include these tools which a real estate agent can provide you:
Your tax assessment is only a starting point:
Do not base pricing your home on this alone, Your tax assessment is a good starting point, but may have been over or under assessed depending on the real estate activity in your community over the last few years. Were there lots of homes foreclosed upon near you? Did you originally pay too much for your property when you purchased it? Were there several homes sales at the turn of the market? All of these factors are taken into consideration when the city does your property tax assessment.
Know your community absorption rate:
A real estate absorption rate is the number of months it would take to sell the current inventory in your community assuming no other homes are added to the market. An absorption rate is a great tool used by Edmonton Realtors to predict the rise and fall of real estate prices. Knowing the absorption rate of a community can give home sellers an advantage to pricing a property, knowing how many days they should expect their home to be on the market.
Is your home worth the asking price:
Does your home offer value: Foreseen residual or potential income can increase the value of your home. If you have a garden suite or a basement suite, ensure that you have the permit documentation. Value can be in other forms as well, such as living in a community that is undergoing a transformation. Items such as an oversized back yard or outdoor swimming pool do not necessarily add any value.
Is your property a money pit: Some homeowners think changing the flooring and adding a fresh coat of paint will increase the value of a property? This is only a quick fix and should be done will help and if there are any concerns during a property inspection, the buyer will no go forward without compensation or not at all. If you have an older home, there are several items that should be repaired, replaced or upgraded including the shingles, windows, exterior grading, furnace, electrical and plumbing. If you have not been diligent with home maintenance, price your home accordingly.
Location! Location! Location!
If you are situated along or near a busy road, train track, or a factory, your house price will be worth a bit less - no matter how pretty your home is and vice versa, if you are situated along a ravine, park or green space, in a community which is undergoing revitalization or has a positive economic factor, or feature a great view, your home will be worth more money.
Comparative Market Analysis
A CMA or Comparative Market Analysis should not be confused with an appraisal. An appraisal is a price, usually completed by a financial institution and is based more upon what it cost to rebuild the current condition of the property. A Comparative market analysis is usually performed by an experienced Real Estate Professional, to determine a range of value for a Real Estate Subject Property.
It is the current value or price range of residential property in a community that has been compared to properties that would be your competition if you were selling in today's real estate market, properties nearby which have recently sold, and properties that were listed, but did not sell. Adjustments are made to these comparable properties to reflect the tangible and non-tangible differences in value between the comparable homes and the sellers' property.
Can You Afford to Sell Your Edmonton Home in 2021?
Although the Edmonton real estate market is still soft with dormant house prices, buyers are starting to come out of hiding to look in anticipation of our economic optimism and 2021 looks to be a better year to sell your Edmonton house.
If your planning on selling your Edmonton home this year, do your homework and estimate your closing costs to ensure you have enough money to make your move. There is nothing worse than sitting with your lawyer and not having enough funds to close your sale.
When a home is sold, the seller incurs various closing costs in addition to paying out the remaining balance on their mortgage and payout penalties. Typical closing costs for a seller may include any property taxes which are in arrears, encumbrances, the cost of a real property report with compliance and/or title insurance, any permits which were not obtained earlier, real estate commissions, any provincial, GST revenue, agricultural or business taxes, liens and legal fees. If the property is a condominium, the seller may also have costs of condominium documents, unpaid condo fees, levies and the estoppel certificate. When selling a house in Edmonton, the seller's costs vary from a few hundred to several thousand.
Since our Edmonton economy is not in the best shape and buyers have become nervous about making large purchases, there are several ways to maximize the value in your home without major renovations including staging and a little bit of home maintenance. Pricing your home correctly in today's Edmonton Real estate market is crucial and timing is also a factor. Read more on your community absorption rate and find out how long it will take to sell your home in Edmonton.
If you are not sure if you have enough equity in your home, contact one of our real estate experts for a free home evaluation.
Predict how many days it will take to sell your home
When homeowners interview real estate agents, sellers often ask "How long will it take to sell my house?" Although there is no magic way of knowing the answer, know what is currently happening economically and using a real estate absorption rate will give a good indication of how long a property will be on the market. An absorption rate will also tell us if it is a buyers market or a seller's market and is often used by real estate investors. It can also give a prediction on the demand of an Edmonton community.
Knowing how to use and calculate absorption rates using this real estate tool has several benefits. It's the best thing next to a crystal ball. An absorption rate It is a rate at which homes sell in a given area during a given time period. The absorption rate is calculated by dividing the number of sales in a given month by the number of available homes for sale. It is the inverse of months of supply.
For example, if there are 100 houses listed for sale in a certain area, and 10 houses sold over the last month, the absorption rate is 10/100=10%. Which means, assuming no other house listing are put on the market, it would take 10 months for buyers to purchase enough properties to absorb the real estate demand.
As a rule of thumb, an absorption rate of 20-25% or higher means that homes are selling quickly and the market favours sellers. Lower absorption rates mean that homes are not selling quickly and supply is much greater than demand, favouring buyers. Community absorption rates predict the number of days it takes to sell a home in any real estate market.
A few other time factors to take into consideration are the correct pricing of your home, your agents' marketing for maximum exposure (not just putting your home on the MLS & expecting a sale), capturing those buyers who have expressed an interest but are still looking, offering a reasonable finders fee to the selling agents, proper negotiation of all offers, ensuring all of your real estate documents are current.
For those home sellers who are in urgent need to sell to avoid the foreclosure process, there are a few perks your financial institution may be able to help you with. Give them a call today!
If you are thinking about selling in Edmonton or the surrounding area and would like to know the absorption rate in your community, contact us for a free home evaluation.
Are You Paying too Much for Your Edmonton Home?
Before you offer any seller a price for a property, there are a few facts you should know. The asking price or the city assessment of a property does not necessarily reflect the "market value" of the home. Below are a few questions you should check into prior to making an offer.
Is the property tax assessment accurate? If not, find out why
For the city of Edmonton, you can find out the tax assessment value of any residential property at https://maps.edmonton.ca/map.aspx. Although the amount the city thinks the property is worth does not necessarily reflect the true value. It is only used as a starting point.
Are real estate prices going up or coming down?
What is the latest real estate trend in that community? To determine if Edmonton community property values are going down or to tell if it is becoming one of Edmonton's hot spots, use the absorption rate tool.
How much was the bank property appraisal?
Financial institutions base their appraisals on the "Emily System", which is an accumulation of recently sold comparable properties. If there are no relevant sold Edmonton properties or if your home is more unique, independent appraisers can do a "cost to replace" appraisal. A good Edmonton real estate agent will complete a "Sold Comparative Market Analysis" (CMA) for you, prior to submitting an offer to purchase.
Is the property staged to avoid any defects?
Don't be fooled by the staging in a property. This is one of the biggest mistakes a buyer can make. When viewing a home, overlooking the nice furniture and freshly painted walls. Take a close look at the overall condition of the property. An easy way to know if a dwelling is shifting is to open and close the windows and doors.
Do you know what a realistic offer should look like?
No matter if you are buying a home in Edmonton in a buyers market or a seller's market. Submitting a realistic offer is important. When a home is priced accordingly to the real estate market, don't try to "low ball" the seller, you will end up paying more because you have insulted them. Do your research.
For more information on submitting real estate offers in Edmonton and find an experienced buyer's agent, contact an Edmonton Remax Agent.
What is a Comparative Market Analysis & How to Use it
Edmonton real estate agents can provide comparative market analysis, also known as a CMA, for any property including properties subject to divorce, civil enforcement, foreclosures, estate sales, city tax purposes, etc. It takes time for real estate agents to complete accurate home evaluations. Unless you have plenty of experience in buying and selling real estate, online home evaluations may be completely misleading and should never be used as a realistic asking price.
Seller Comparative Market Analysis
When working with sellers, a comparative market analysis is used to determine a realistic and accurate asking price. A Seller CMA is based on comparable properties which are currently active (homes for sale), recently sold homes (usually within the last six months), expired (homes that did not sell for various reasons) and the history of these homes. Other factors will include the current Edmonton real estate market, supply and demand, the condition of the property, the location, community absorption rate and many other factors. An experienced, professional Edmonton Realtor will take the time to go through all of this data with you, together with determining a true asking price for your Edmonton Home.
Buyer Comparative Market Analysis
When working with buyers, a comparative market analysis is similar to a bank appraisal and is used to write a reasonable offer to purchase. A buyers CMA is based on both current homes for sale and recently sold home price in Edmonton taking into consideration all relevant factors including the condition, size and location. For new builds, this process is a bit different and is based more on the cost to build, economic factors, building quality, and the reputation of the builder.
Free Comparative Market Analysis
If you are thinking about selling your home or if your home did not sell due to other factors, feel free to contact us for a professional no-obligation Edmonton home evaluation. We also service Morinville, Bon Accord, Gibbons, St. Albert, Spruce Grove, Beaumont and Devon. Our Homes & Gardens Real Estate Agents will take the time to help, educate and inform you on all real estate aspects of your community to determine the right value for your home, ensuring you receive the highest possible price. Simply CLICK HERE to fill in the form and we will get in touch with you shortly.
How much are closing costs in Edmonton Alberta
Are you ready to purchase your new home? Often, buyers find themselves overwhelmed with the cost of purchasing a home and should be aware of these extra home costs to ensure you won't be struggling at the last moment to find more cash to complete your purchase.
When a home is sold, the buyer incurs various closing costs in addition to the property sale price. Although most of the expenses of the house are paid for by the seller, usually including real estate commissions, the buyers pay a variety of fees such as mortgage origination charges, appraisal fees, title insurance, lawyer, home insurance, homeowner association fees (HOA) and property tax adjustments. Depending on the buyer and the home purchased, there may be additional fees including CHMC Fees, which can be added to your mortgage amount and other costs. agreed upon and not covered by the seller costs.
Don't forget your moving and utility hook-up costs. As a rule of thumb, one to two per cent of the cost of your home will cover all closing costs.
If you would like to know more about purchasing a home, contact one of our Edmonton Real Estate experts today for help and free advice.
If you are waiting to purchase a home - Keep up to date on the proposed HST tax which will be an additional cost when purchasing a home in Edmonton.