Braeside St. Albert Real Estate Statistics Third Quarter 2016

A total of 12 homes SOLD in Braeside this quarter. The highest priced home SOLD in Braeside this quarter was a 4 bed, 3.5 bath, 2246.45 square foot home for 780000, and the lowest was a 4 bed, 1.5 bath, 1599.96 square foot home for 293000, bringing the average to 431532 for 3 beds, 1.5 baths, and 1629.55 square feet. 

 
CLICK HERE! to view all current Braeside homes for sale by Don Cholak.
 

Sell your Braeside home:

Ready-to-sellAre you looking to sell your home in Braeside? Don Cholak has decades of expertise and experience in Braeside and is ready to help you sell your Braeside home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Braeside:

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

Akinsdale St. Albert Real Estate Statistics Third Quarter 2016

A total of 11 homes SOLD in Akinsdale this quarter. The highest priced home SOLD in Akinsdale this quarter was a 5 bed, 3 bath, 1970.03 square foot home for 472800, and the lowest was a 4 bed, 2.5 bath, 1259.39 square foot home for 325000, bringing the average to 386924 for 4 beds, 2.5 baths, and 1341.46 square feet. 

 
CLICK HERE! to view all current Akinsdale homes for sale by Don Cholak.
 

Sell your Akinsdale home:

Ready-to-sellAre you looking to sell your home in Akinsdale? Don Cholak has decades of expertise and experience in Akinsdale and is ready to help you sell your Akinsdale home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Akinsdale:

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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.
 

Woodlands St. Albert Real Estate Statistics for September 2016

A total of 4 homes SOLD in Woodlands this month. The highest priced home SOLD in Woodlands this month was a 4 bed, 3 bath, 1668.42 square foot home for 447500, and the lowest was a 2 bed, 2.5 bath, 1248.62 square foot home for 358500, bringing the average to 390625 for 3 beds, 2.5 baths, and 1470.77 square feet. 

 
CLICK HERE! to view all current Woodlands homes for sale by Don Cholak.
 

Sell your Woodlands home:

Ready-to-sellAre you looking to sell your home in Woodlands? Don Cholak has decades of expertise and experience in Woodlands and is ready to help you sell your Woodlands home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Woodlands:

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

Sturgeon St. Albert Real Estate Statistics for September 2016

A total of 1 home SOLD in Sturgeon this month. The home SOLD in Sturgeon this month was a 4 bed, 2 bath, 1119.99 square foot home for 350000.
CLICK HERE! to view all current Sturgeon homes for sale by Don Cholak.

Sell your Sturgeon home:

Ready-to-sellAre you looking to sell your home in Sturgeon? Don Cholak has decades of expertise and experience in Sturgeon and is ready to help you sell your Sturgeon home today! Just click the big red button above or call Don at 780-718-8400.

Buy a home in Sturgeon:

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

Oakmont St. Albert Real Estate Statistics for September 2016

A total of 1 home SOLD in Oakmont this month. The home SOLD in Oakmont this month was a 4 bed, 3 bath, 1614.60 square foot home for 565000.
CLICK HERE! to view all current Oakmont homes for sale by Don Cholak.

Sell your Oakmont home:

Ready-to-sellAre you looking to sell your home in Oakmont? Don Cholak has decades of expertise and experience in Oakmont and is ready to help you sell your Oakmont home today! Just click the big red button above or call Don at 780-718-8400.

Buy a home in Oakmont:

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

North Ridge St. Albert Real Estate Statistics for September 2016

A total of 9 homes SOLD in North Ridge this month. The highest priced home SOLD in North Ridge this month was a 4 bed, 3 bath, 1645.92 square foot home for 749586, and the lowest was a 3 bed, 4 bath, 1162.51 square foot home for 327500, bringing the average to 578843 for 3 beds, 2.5 baths, and 1789.89 square feet. 

 
CLICK HERE! to view all current North Ridge homes for sale by Don Cholak.
 

Sell your North Ridge home:

Ready-to-sellAre you looking to sell your home in North Ridge? Don Cholak has decades of expertise and experience in North Ridge and is ready to help you sell your North Ridge home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in North Ridge:

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

Mission St. Albert Real Estate Statistics for September 2016

A total of 1 home SOLD in Mission this month. The home SOLD in Mission this month was a 3 bed, 2 bath, 1620.41 square foot home for 314000.
CLICK HERE! to view all current Mission homes for sale by Don Cholak.

Sell your Mission home:

Ready-to-sellAre you looking to sell your home in Mission? Don Cholak has decades of expertise and experience in Mission and is ready to help you sell your Mission home today! Just click the big red button above or call Don at 780-718-8400.

Buy a home in Mission:

Ready-to-buy

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

Lacombe Park St. Albert Real Estate Statistics for September 2016

A total of 7 homes SOLD in Lacombe Park this month. The highest priced home SOLD in Lacombe Park this month was a 4 bed, 3.5 bath, 2821.24 square foot home for 722500, and the lowest was a 5 bed, 2 bath, 1134.53 square foot home for 322000, bringing the average to 441571 for 3 beds, 2.5 baths, and 1611.20 square feet. 

 
CLICK HERE! to view all current Lacombe Park homes for sale by Don Cholak.
 

Sell your Lacombe Park home:

Ready-to-sellAre you looking to sell your home in Lacombe Park? Don Cholak has decades of expertise and experience in Lacombe Park and is ready to help you sell your Lacombe Park home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Lacombe Park:

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

Kingswood St. Albert Real Estate Statistics for September 2016

A total of 5 homes SOLD in Kingswood this month. The highest priced home SOLD in Kingswood this month was a 4 bed, 3 bath, 2763.01 square foot home for 885000, and the lowest was a 3 bed, 2.5 bath, 2249.03 square foot home for 460000, bringing the average to 616000 for 4 beds, 2.5 baths, and 2051.73 square feet. 

 
CLICK HERE! to view all current Kingswood homes for sale by Don Cholak.
 

Sell your Kingswood home:

Ready-to-sellAre you looking to sell your home in Kingswood? Don Cholak has decades of expertise and experience in Kingswood and is ready to help you sell your Kingswood home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Kingswood:

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

Heritage Lakes St. Albert Real Estate Statistics for September 2016

A total of 4 homes SOLD in Heritage Lakes this month. The highest priced home SOLD in Heritage Lakes this month was a 4 bed, 3 bath, 1445.07 square foot home for 449000, and the lowest was a 4 bed, 3 bath, 1232.48 square foot home for 369000, bringing the average to 399750 for 4 beds, 2.5 baths, and 1457.91 square feet. 

 
CLICK HERE! to view all current Heritage Lakes homes for sale by Don Cholak.
 

Sell your Heritage Lakes home:

Ready-to-sellAre you looking to sell your home in Heritage Lakes? Don Cholak has decades of expertise and experience in Heritage Lakes and is ready to help you sell your Heritage Lakes home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Heritage Lakes:

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

Grandin St. Albert Real Estate Statistics for September 2016

A total of 8 homes SOLD in Grandin this month. The highest priced home SOLD in Grandin this month was a 4 bed, 3.5 bath, 2167.87 square foot home for 625000, and the lowest was a 2 bed, 2 bath, 1528.49 square foot home for 290000, bringing the average to 383813 for 3 beds, 2.5 baths, and 1469.29 square feet. 

 
CLICK HERE! to view all current Grandin homes for sale by Don Cholak.
 

Sell your Grandin home:

Ready-to-sellAre you looking to sell your home in Grandin? Don Cholak has decades of expertise and experience in Grandin and is ready to help you sell your Grandin home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Grandin:

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

Forest Lawn St. Albert Real Estate Statistics for September 2016

A total of 2 homes SOLD in Forest Lawn this month. The highest priced home SOLD in Forest Lawn this month was a 4 bed, 2.5 bath, 1865.40 square foot home for 572500, and the lowest was a 5 bed, 2.5 bath, 1171.02 square foot home for 420000, bringing the average to 496250 for 4 beds, 2.5 baths, and 1518.21 square feet. 

 
CLICK HERE! to view all current Forest Lawn homes for sale by Don Cholak.
 

Sell your Forest Lawn home:

Ready-to-sellAre you looking to sell your home in Forest Lawn? Don Cholak has decades of expertise and experience in Forest Lawn and is ready to help you sell your Forest Lawn home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Forest Lawn:

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

Erin Ridge North St. Albert Real Estate Statistics for September 2016

A total of 1 home SOLD in Erin Ridge North this month. The home SOLD in Erin Ridge North this month was a 3 bed, 2.5 bath, 2141.93 square foot home for 500000.
CLICK HERE! to view all current Erin Ridge North homes for sale by Don Cholak.

Sell your Erin Ridge North home:

Ready-to-sellAre you looking to sell your home in Erin Ridge North? Don Cholak has decades of expertise and experience in Erin Ridge North and is ready to help you sell your Erin Ridge North home today! Just click the big red button above or call Don at 780-718-8400.

Buy a home in Erin Ridge North:

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

Erin Ridge St. Albert Real Estate Statistics for September 2016

A total of 10 homes SOLD in Erin Ridge this month. The highest priced home SOLD in Erin Ridge this month was a 3 bed, 2.5 bath, 2488.64 square foot home for 800000, and the lowest was a 4 bed, 3.5 bath, 1733 square foot home for 438000, bringing the average to 532050 for 3 beds, 2.5 baths, and 2070.80 square feet. 

 
CLICK HERE! to view all current Erin Ridge homes for sale by Don Cholak.
 

Sell your Erin Ridge home:

Ready-to-sellAre you looking to sell your home in Erin Ridge? Don Cholak has decades of expertise and experience in Erin Ridge and is ready to help you sell your Erin Ridge home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Erin Ridge:

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

Deer Ridge St. Albert Real Estate Statistics for September 2016

A total of 11 homes SOLD in Deer Ridge this month. The highest priced home SOLD in Deer Ridge this month was a 4 bed, 2.5 bath, 2196.07 square foot home for 462500, and the lowest was a 5 bed, 4 bath, 1151.75 square foot home for 330500, bringing the average to 388545 for 3 beds, 2.5 baths, and 1431.29 square feet. 

 
CLICK HERE! to view all current Deer Ridge homes for sale by Don Cholak.
 

Sell your Deer Ridge home:

Ready-to-sellAre you looking to sell your home in Deer Ridge? Don Cholak has decades of expertise and experience in Deer Ridge and is ready to help you sell your Deer Ridge home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Deer Ridge:

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

Braeside St. Albert Real Estate Statistics for September 2016

A total of 8 homes SOLD in Braeside this month. The highest priced home SOLD in Braeside this month was a 4 bed, 3.5 bath, 2246.45 square foot home for 780000, and the lowest was a 4 bed, 1.5 bath, 1199.97 square foot home for 320000, bringing the average to 460361 for 3 beds, 2 baths, and 1685.01 square feet. 

 
CLICK HERE! to view all current Braeside homes for sale by Don Cholak.
 

Sell your Braeside home:

Ready-to-sellAre you looking to sell your home in Braeside? Don Cholak has decades of expertise and experience in Braeside and is ready to help you sell your Braeside home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Braeside:

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

Akinsdale St. Albert Real Estate Statistics for September 2016

A total of 3 homes SOLD in Akinsdale this month. The highest priced home SOLD in Akinsdale this month was a 4 bed, 2.5 bath, 2217.38 square foot home for 49000, and the lowest was a 4 bed, 2 bath, 991.90 square foot home for 342500, bringing the average to 396069 for 4 beds, 2 baths, and 1466.84 square feet. 

 
CLICK HERE! to view all current Akinsdale homes for sale by Don Cholak.
 

Sell your Akinsdale home:

Ready-to-sellAre you looking to sell your home in Akinsdale? Don Cholak has decades of expertise and experience in Akinsdale and is ready to help you sell your Akinsdale home today! Just click the big red button above or call Don at 780-718-8400.
 

Buy a home in Akinsdale:

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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.
 

RE/MAX Commercial Investor Report 2016

EDMONTON

At the end of the second quarter, the number of commercial building and land sales was down eight per cent year-over-year and the value of those sales was down five per cent, marking the second consecutive year that sales value totaled less than $1 billion at mid-year.

Land sales declined by 40 per cent year-over-year, indicative of a slowing economy, but the total dollar value of building sales was up 13 per cent compared with the first half of 2015. Property values have remained fairly stable, with the exception of industrial property related to oilfield companies, which has seen a decline. Capitalization rates are trending modestly upward in most asset cases.

Private investors are the most active buyer segment in Edmonton’s commercial property market, while institutional investors have been more conservative since the downturn in the Alberta economy. Demand from investors for top tier assets in all sectors remained high in the first half of the year. These include multi-family apartment, well-positioned retail, and industrial with well-capitalized tenants.

Despite the economic downturn, vacancy rates in Edmonton were fairly healthy at mid-year. The vacancy rate for industrial property was at six per cent, multi-family was at five per cent and retail was at 3.5 per cent. For office space, the vacancy rate is higher, at approximately 12 per cent. This is expected to increase as 1.8 million square feet of new inventory come onto the market beginning in 2017.

Increased vacancy typically results in a decrease in land sales as development slows down; however, there are assets available in the market that are attracting buyers who feel it is the time to increase their asset positions as world oil prices slowly recover. Alternatively, some commercial sellers are looking to dispose of assets, seeing the increase in vacancy and potentially a decrease in rental rates as a threat to their asset value.

Until the WTI benchmark price of oil stabilizes at or above $50 per barrel, Edmonton’s commercial property market is expected to remain in a down cycle. A new provincial carbon tax comes into effect in January 2017, which is expected to further curtail capital investment and have a negative impact on the provincial economy.

On a more positive note, significant downtown development continues to boost employment and optimism. The $2 billion ICE District, featuring a new arena as well as office towers, hotels, entertainment venues and a museum, is revitalizing the city’s downtown. The Anthony Henday Ring Road, scheduled to be completed this fall, is expected to unlock further development opportunities in Edmonton’s northeast.

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