Credit Score

 DAY 2: CHECK YOUR CREDIT

If you plan to buy a house in the next year, checking your credit score is something you should consider doing now. Credit plays a huge role in qualifying for a mortgage. As a homebuyer, your credit score will positively or negatively affect your loan options, interest rates, mortgage terms, and how much house you can afford. Even if you aren't looking to purchase a home anytime soon, annually checking your credit score is a good financial habit to build. Doing so will allow you to:

1. Regularly dispute any errors to your credit bureau.

2. Build and maintain good credit by consistently assessing your current credit position.

3. Stop identity theft and credit card fraud early on.

4. Manage your finances and…

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$1,149,000 MLS A2019482 Huge 1/2 acre lot 2 story with fully developed basement 6 bedrooms + main floor office 3.5 baths Triple heated garage w/high doors Private yard and stunning views! Call/message us for more details: 403-681-0319

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Getting your finances in order

Now is the perfect time to review your finances and set yourself up for financial success in 2023. Each Wednesday for the next 3 weeks, I will be sharing a tip or task to help you reevaluate your budget, assess your spending habits and expenses, review how you manage your money, and set new goals to build a better financial future.

To kick off our "3 Days To Getting Your Finances In Order For 2023" Challenge, let's start with day 1!

DAY 1: SET A SAVINGS GOAL 

We all know that saving money is important, yet very few of us put money into our monthly savings accounts. If saving money has been a challenge for you in the past, here is my suggestion. Make a realistic savings goal for 2023. Your savings goal needs to be specific, measurable,…

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  1.  Strong economy: Edmonton has a diverse and robust economy, anchored by the oil and gas, agriculture, and technology sectors.

  2. Job opportunities: Edmonton is a major economic hub in Western Canada, with a diverse economy that offers many job opportunities in a variety of industries. This makes it an attractive city for job seekers and entrepreneurs looking for stability and growth opportunities.

  3. Affordable cost of living: Compared to other major Canadian cities, Edmonton has a relatively low cost of living, with affordable housing and relatively low taxes.
  4. Natural beauty: Edmonton is surrounded by natural beauty, with easy access to parks, trails and rivers. With outdoor recreational areas for hiking, biking, fishing and much more.…

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  1. Declutter and depersonalize your home. This will help potential buyers envision themselves living in the space.

  2. Make necessary repairs and touch up any areas that need it. This will make your home more attractive to buyers and potentially increase its value.

  3. Stage your home to make it look as attractive as possible. This includes things like rearranging furniture and adding decor to make rooms look larger and more inviting.

  4. Take high-quality photos of your home to use in listings. This is often the first impression potential buyers will have of your home, so it's important to make it a good one.

  5. Price your home competitively. This will help attract more buyers and increase the chances of your home selling…

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When considering buying a new home, there are a few options to choose from. You can opt for a brand new home that is already built, build a home from scratch, or purchase a home that is in various stages of construction. Each option has its own set of pros and cons, and it's important to weigh them all before making a decision. In this blog post, we'll be discussing the pros and cons of each option in detail. 

Pros of Buying a Brand New Home:

The home is brand new and no one has ever lived in it. As the first owner, you won't have to deal with any prior energies, germs, or smells from previous owners. A new built home is usually up to building code or above it, depending on the builder you're using. This means that the home is built to the highest…

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Edmonton

Moving to a new city is a big deal, and deciding where to pick can be tricky. A Redditor asked Edmontonians that chose the city over Calgary for their reasons why and people didn't hold back.

The Reddit post asked people to share why they preferred Edmonton over Calgary as a person that had visited both cities didn't see much of a difference.

"Calgary downtown is nicer, but otherwise, both cities are very similar," the post said. "I feel more at home in Edmonton because it’s not trying to be Toronto."

People on Reddit were pretty vocal about their decision to move to Alberta's capital, Edmonton, over Calgary, and the debate got heated.

For many people, moving to Edmonton over Calgary was mainly a financial decision as housing in the city…

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Canadian Housing Market 2023

On Thursday, December 15, the Canadian Real Estate Association (CREA) released its national housing statistics for the month of November. Below, CREA’s Senior Economist Shaun Cathcart provides an update on the current state of housing markets in Canada and explains what the data means for REALTORS®:

Just as one car does not make a parade (at least not a very good one), one month of data does not make a trend. To wit, it looks like that little sales increase we saw in October was something of a head fake, because activity started trending back down again in November.

Sales in November were down 3.3% on a month-over-month basis, rejoining the trend of moderating sales that began back in February.

The Aggregate Composite MLS® Home Price Index…

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YEG REAL ESTATE RESULTS DECEMBER – FULL YEAR 2022 – JFSELLS.COM


Full 5 year stats package here DEC_2022_CREA-EDMOstats

MLS® HPI Benchmark Price*  Dec ‘22 M/M %  Y/Y % 
(for all-residential sales in GEA1)      
SFD2 benchmark price $423,300 0.0% -0.3%
Apartment benchmark price $176,500 0.7% -3.0%
Townhouse benchmark price $229,000 0.4% -0.6%
Composite7 benchmark price $373,200 -0.1% -0.9%
See the full December report here:  https://realtorsofedmonton.com/Market-Stats 
2022-12_Edmonton_Statistics 2 year summary:

…

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