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Matt Ferguson

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Alberta Home Warranty effective February 1, 2014

Thu, 06 Feb by Matt Ferguson

Alberta Home Warranty effective February 1, 2014

http://homewarranty.alberta.ca/

Oilers New Arena may be closer than you think….

Thu, 07 Apr by Matt Ferguson

EDMONTON April 7, 2011- The proposed downtown arena took a major step closer to reality Wednesday night when city council approved the terms of a deal it wants to negotiate to build the project.

A 17-part motion calls for a maximum cost of $450 million, with the Oilers owner Katz Group putting in $100 million and another $125 million coming from a ticket tax.

The total city contribution would still be $125 million, but in a major change most of that money would come from taxes on businesses in the facility, redirected subsidies now going to Rexall Place or higher parking revenues.

A community revitalization levy, based on property taxes generated by new development around the site, will only contribute $20 million, with any surplus going to other downtown upgrades such as improving Jasper Avenue.

Have a look at what the proposed arena district could look like: http://revitalizedowntown.ca/

Edmonton real estate on verge of new boom, analyst says

Wed, 06 Apr by Matt Ferguson
By Bill Mah, Edmonton Journal April 5, 2011

Edmonton is on the verge of another real estate boom, says expert Don Campbell.

Robust growth in the region’s gross domestic product and labour market will set off a chain of events over the next few months that will heat up housing again, said Campbell, president of Real Estate Investment Network and author of the bestselling 97 Tips for Canadian Real Estate Investors. (He donates his royalties to Habitat for Humanity.) “Alberta is uniquely positioned in the world to be a stable, consistent and growing source of the four things that the world is going to need over the next decade -food, fuel, fertilizer and forestry,” Campbell said during a stop Monday in Edmonton.

Jobs will attract more people to Edmonton from across Canada. That will push vacancies down and drive rents up.

In turn, more people will buy homes.

“The jobs are already starting and the in-migration is already beginning,” Campbell said.

“Eighteen to 24 months from now we’re going to see multiple offers. We’re going to see vacancy rates down as low as 2007, we’re going to see rental increases and we’re going to see the market turn back into a seller’s market.

“I’ve studied this for 19 years and I have not seen this strong of a perfect storm before.”

Campbell didn’t want to forecast prices or rents, saying it would be a guess, but “you can easily see 10-to 12-per-cent increases in rents. Rents will go up first and values will go up second.”

His tip for homebuyers: “I suggest that you don’t wait until the frenzy is here because then you’ll be frustrated, putting in multiple offers. Right now you can see it happen and if you know you’re going to be buying in the next year or year-and-a-half, and the interest rates are so low right now, now is a wonderful time to start looking and identify the right neighbourhood.”

Campbell says neighbourhoods within walking distance -50 to 800 metres -from LRT stations and areas to be serviced by the regional ring road such as Castle Downs, St. Albert and northeast Edmonton -which he says will eventually resemble southwest Edmonton -are good areas to buy or invest.

Premier Ed Stelmach said in March the northeast quadrant of the Anthony Henday Drive ring road has been given the green light and is expected to be completed by fall 2016.

If the arena district goes ahead, interest will also pick up in the surrounding, older areas in the inner city, Campbell said.

“As a homeowner, you think like an investor: Where’s going to be a spot that’s going to do well that I’m also happy to live in?”

For homesellers: “If you have the chance to wait, you might want to hold off a little bit. If you think you want to maximize your dollar, now might be a little early.”

Diamonds in the rough: How to find the perfect fixer-upper

Wed, 06 Apr by Matt Ferguson

By Julie Cazzin | From MoneySense Magazine, May 2007

When Bill and Carole Dobson went looking for a home, they knew exactly what they wanted  a run-down house with a depressing exterior and a drab, dingy interior.

They found it. The front lawn of one property they visited was a blank rectangle, with sparse grass but not a single shrub or tree to break up its unappetizing appearance. From there, things rapidly got worse. The backyard was littered with dog poop and looked onto a seedy back alley. The interior of the two-storey, 158-sq-m house was full of worn carpets, dark paint and faded wallpaper.

But it was a solid house in a leafy neighborhood of Calgary with good schools. The Dobsons knew they could fix many of its problems with a bit of sweat, a few new doors and a lot of paint. So they ignored the $300,000 asking price and made a low-ball offer of $230,000 for what they figured was a perfect diamond in the rough. Their bid was accepted the next day. “The house had been on the market for six months,” says Carole Dobson. “The kitchen and bathroom were old and dreary. In fact, the whole house was in a sad state. But we put about $50,000 worth of improvements into it — doing almost all the work ourselves, a little at a time — and we figure we’ve made hundreds of thousands of dollars in just three-and-a-half years.”

Interested in finding a similar diamond in the rough? Then it’s important to know what you’re getting yourself into. Simply buying any old property can easily cost you a fortune in renovations. But if you learn how to spot an undiscovered bargain, you can turn up surprising deals even in a hot real estate market.

“More than 90% of buyers judge a book by its cover,” says Lydia Ingles, a sales rep with Century 21 Heritage Group in Newmarket, Ont. “They drive by and if they don’t like what they see at first glance, they don’t even go inside. But that’s not the way to find a great fixer-upper. You have to be able to walk into an awful-looking house and visualize what it could be like with new paint and wallpaper and a few key renovations.”

Here’s how to do just that:

Remember that close counts

The classic tip for real estate buyers is to buy the worst house on a good street, and that’s still the best strategy. Doing so almost guarantees you won’t overpay for a home. You can boost your property’s value simply by doing small renovations that bring your house up to the level of its neighbors.

Problem is, you may not be able to find an affordable house on a good street if the market is hot. In that case, you have to be prepared to look further afield. Drive around the neighborhoods that border affluent, upscale areas. Many of these marginal neighborhoods are marginal for a good reason — it could be that a large public housing project, a smelly factory, or some other immovable and permanent feature is dragging down property values. But in a surprising number of cases, the problem isn’t that bad. A neighborhood may be lower-priced simply because it was originally a blue-collar enclave with smaller homes than nearby areas. That doesn’t mean it can’t be gentrified. Especially if there are early signs that other renovators are moving into the neighborhood, you should take a closer look.

Carole Dobson, who has bought, fixed up and sold three homes in the last 15 years — all for hefty profits — insists on proximity to good neighborhoods when she buys. She also seeks leafy areas that have a bit of natural beauty since those advantages can’t be easily bought or duplicated. “Two of the most expensive neighborhoods in the city are kitty corner from my home,” she says. “And I have great mountain views.” Both factors help to explain why her home’s value has taken off over the past three years.

Beautiful Renovated Condo with Downtown View

Wed, 30 Mar by Matt Ferguson


Beautiful Renovated Condo with Downtown View

http://www.fergusonrealestate.ca/hot_listings.php for more information

* Best 1 Bedroom in the building
* 760 square feet
* 1 bedroom
* 1 bathroom
* Completely renovated
* Top of the line laminate flooring
* Imported Italian ceramic tile.
* Move in ready-nothing needed

More homes at http://www.fergusonrealestate.ca/search_map_form1.php

Property listed for sale with
Matt Ferguson
Re/Max River City
780.707.5999

New SFD Listing in Leduc

Wed, 23 Mar by Matt Ferguson

Beautiful Family Home in Leduc

http://www.fergusonrealestate.ca/hot_listings.php for more information

NEW TO THE MARKET!!!!

* 1725 Square feet
* 3 Bedrooms
* 2.5 Bathrooms
* Double attached garage
* High ceilings
* Modern & neutral colour scheme.

More homes at  http://www.fergusonrealestate.ca/search_map_form1.php

Property listed for sale with
Matt Ferguson
Re/Max River City
780.707.5999

$60,000 Foreclosure

Sun, 13 Mar by Matt Ferguson

Foreclosure!! Great Rental or Investment Property    

Visit http://www.fergusonrealestate.ca/hot_listings.php for more information

Foreclosure condo in a great location
1 Bedroom / 1 Bathroom
603 Square Feet
Close to transportation and amenities
Handyman special with great potential

More foreclosures at http://www.fergusonrealestate.ca/search_foreclosure.php

Property listed for sale with
Matt Ferguson
Re/Max River City
780.707.5999 

FORECLOSURE !!! 2300+ Square foot Luxury Home in Leduc

Sun, 13 Mar by Matt Ferguson

New Foreclosure Listing    

Visit http://www.fergusonrealestate.ca/view_listing.php?listing=sys&id=E3251782 for more information

PRICE LOWERED FROM 464,900.00 TO 399,900.00
2365 Square feet
3 Bedrooms
2.5 Bathrooms
Double attached garage
Backs onto ravine
High ceilings
Modern colour scheme.
More foreclosures at http://www.fergusonrealestate.ca/search_foreclosure.php

Property listed for sale with
Matt Ferguson
Re/Max River City
780.707.5999 

New… Spruce Grove Foreclosure Listing

Sun, 13 Mar by Matt Ferguson

This one has just hit the market. Dont miss out on this great opportunity.    

Visit http://www.fergusonrealestate.ca/view_listing/Brookwood/sys/E3253042 for more information

  • 1200 Square foot bungalow
  • Mature Neighbourhood
  • 3 bedrooms on the main floor
  • Master bedroom has a 2 piece ensuite.
  • 1 Bedroom in the basement
  • Double Detached garage.

More foreclosures at http://www.fergusonrealestate.ca/search_foreclosure.php

Property listed for sale with
Matt Ferguson
Re/Max River City
780.707.5999 

March Market Update

Wed, 09 Mar by Matt Ferguson

Edmonton, March 2, 2011: It was 2009 all over again if the housing figures released by the REALTORS® Association of Edmonton are any indication. Prices for all categories of residential property sold in February mirrored prices in the same month in 2009 after showing pricing gains from January this year.

Single family detached properties sold for $359,934 on average* in February; up 1% from January. The February price was down 3.1% from a year ago but close to the $349,810 price in February 2009. Condo prices followed the same pattern. At $230,911 on average, condos were up 4.5% from a month ago but down 0.65% year over year. In February 2009, condos sold for $229,685. The average price for a duplex/rowhouse in February was $303,440; up 2% from January but down 5.6% from a year ago. In 2009, the February price for this category was $288,379.

“Sales and prices in early 2010 were pushed up by the impending mortgage rate increases and qualification changes,” explained REALTORS® Association of Edmonton President Chris Mooney. “Now that the market is stable, price levels have returned to the 2009 levels. However, the price increases for all housing types from January indicate the slow upward movement that local REALTORS® anticipated.”

The all-residential average price (including single family, condo, duplex, townhouse, mobile home and other residential housing types) was up three quarters of a percent from January but down 1.8% from a year ago. However, at $312,840 it matched the February 2009 price at $310,488.

REALTORS® listed 2,631 residential properties in February and sold a total of 1,044 properties. Current residential inventory is 6,389 up 13.4% from last month. The sales-to-listing ratio in February was 39% with days on market down from 67 to 58 days. “With the recent announcement by the Bank of Canada that interest rates are not being raised, consumers can have confidence in the strength of the local real estate market,” said Mooney. “Call a REALTOR® to begin your house search.”

– 30 –

Highlights of MLS® System activity

February 2011 activity Record for the month* % change from February 2010
Total MLS® System sales this month 1,143 -20.30%
Value of total MLS® System sales – month $364 million -20.80%
Value of total MLS® System sales – year $643 million -18.50%
Residential¹ sales this month $326 million -20.60%
Residential average price $312,840 -1.76%
SFD² average selling price – month $359,934 -3.10%
SFD median³ selling price $347,000 -2.50%
Condo average selling price $230,911 -0.65%

¹. Residential includes SFD, condos and duplex/row houses.
². Single Family Dwelling
³. The middle figure in a list of all sales prices

* Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end. For information on a specific area, contact your local REALTOR®.

– The REALTORS® Association of Edmonton (Edmonton Real Estate Board)

Matt Ferguson, RE/MAX RIVER CITY
301-10171 Saskatchewan DR, Edmonton, Alberta
Tel: 780-707-5999 Fax: 780.439.7248
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