Interest rates are a crucial element of buying a home, but if you're new to real estate, you might be wondering what exactly interest rates are and how they affect your ability to purchase a home. In this post, we'll break down what interest rates are, how they work, and how recent changes are impacting the real estate market in Edmonton.

What Is an Interest Rate?

An interest rate is essentially the cost of borrowing money. When you take out a mortgage to buy a home, you don’t just pay back the amount you borrowed; you also pay interest, which is a percentage of the loan amount. For example, if you borrow $200,000 with a 5% interest rate, you’ll pay back more than $200,000 due to the interest charges.

How Do Interest Rates Work?

Interest…

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The Best End-of-Summer and Fall Drinks to Try This Month

As September blends the final notes of summer with the onset of fall, it’s the perfect time to indulge in a variety of delightful beverages. Whether you’re savoring the last warm days or getting cozy for fall, we’ve rounded up the best drinks from Edmonton’s favorite cafes and beyond. Here’s your guide to sipping in style this September!

Good Earth Coffee House

Chai Horchata Latte
Experience a unique twist on classic chai with the Chai Horchata Latte. This creamy delight combines traditional chai spices with the rich, smooth flavors of horchata, creating a beverage that’s both comforting and exotic.

Pumpkin Pie Caffè Latte
Embrace the fall spirit with the Pumpkin Pie Caffè Latte.…

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Edmonton's real estate landscape is brimming with opportunities for savvy homebuyers and investors alike, particularly in neighborhoods where history meets modern charm. Among these hidden gems, Inglewood stands out as a beacon of potential, offering a perfect blend of tranquil community living and close proximity to the city center. Join us as we delve into the allure of renovation projects in these thriving Edmonton neighbourhoods.

Ritchie
Ritchie, a historic neighborhood, is undergoing a revival with new residents joining long-time locals. Established in 1891, it's one of Edmonton’s oldest areas. Close to Whyte Avenue and Mill Creek Ravine, Ritchie appeals to diverse homebuyers and businesses alike. The vibrant Ritchie Market hosts ACME Meat…

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Edmonton, known for its chilly winters, can surprise visitors and residents alike with its scorching summer temperatures. When the thermometer climbs, knowing how to stay cool becomes essential. Here’s your guide to beating the heat in Edmonton:

 

1. Explore Indoor Attractions

Visit the Telus World of Science or the Royal Alberta Museum are great options for indoor exploration and learning

2. Hit the Water Parks

Cool off at one of our water parks. World Waterpark at West Edmonton Mall offers thrilling water rides and a wave pool. Or choose one of our outdoor pools. Mill Creek and Oliver Pool are popular choices.

3. Embrace Nature in the Shade

If you prefer outdoor activities, opt for shaded spots like the River Valley. Trails winding…

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July in Edmonton is a time when the city comes alive with vibrant festivals, outdoor activities, and cultural events. Whether you're a local looking for new experiences or a visitor exploring the city, here are some fantastic things to do during this sunny month:

 

1. **Explore the Edmonton River Valley**

 Known as one of the largest urban parklands in North America, the **River Valley** offers endless opportunities for outdoor activities. Take a leisurely bike ride along the trails, go for a hike, or pack a picnic and enjoy the stunning views of the North Saskatchewan River.

2. **Attend K-Days**

K-Days is Edmonton's annual summer exhibition and festival, featuring thrilling rides, games, live music, and delicious food. It's a…

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As the warm breeze of summer rolls in, there's no better way to enjoy your favorite brew than on a cozy patio. Edmonton boasts an array of delightful coffee shops, each with its own unique charm and inviting outdoor spaces. Whether you're looking for a spot to work, catch up with friends, or simply bask in the sun with a cup of joe, here are some of the best coffee shops in Edmonton offering delightful patio experiences.

 

1. **Credo Coffee**

   - Located in the heart of downtown, Credo Coffee is renowned for its commitment to quality and community. Their patio, nestled amidst the urban hustle, offers a serene escape. Enjoy their expertly crafted espresso while soaking in the sights and sounds of the city.

 

2. **Lock Stock Coffee**

   -…

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In the complex landscape of homeownership, even the slightest fluctuation in interest rates can wield significant power over mortgage payments. Whether you're a first-time buyer or a seasoned homeowner looking to refinance, understanding the implications of these shifts is crucial for optimizing your financial strategy. In this blog post, we delve into the often-underestimated impact of a mere 0.25% interest rate drop on mortgage payments, illuminating how this seemingly minor adjustment can yield substantial benefits.

 

The Ripple Effect: Understanding Interest Rate Dynamics

Before delving into the specifics of how a 0.25% interest rate drop affects mortgage payments, let's first grasp the mechanics of interest rates in the realm of…

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Feeling the house-hunting frustration? We get it!

With multiple offers flying in, we know the struggle is real. You spot your dream property, ready to make a move, and poof! It's off the market. Sound familiar? We're here to help ease the house-hunting headaches. Let's navigate this together.

1. - SECURE PRE-APPROVAL!

Arrive fully prepared and ready to proceed.

2. - ACT FAST!
Be ONE of the first to view the home; timing is essential.  In this market, you don't have the luxury of waiting a few days to view the home. Get in there fast, no later than the next morning. Make sure your REALTOR is finding out immediately when the listing REALTOR will be presenting the offers. Act FAST!

3 - SIMPLICITY IS KEY!

Keep your offer simple.…

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Edmonton is blessed with a vibrant and varied local farmers' market scene, teeming with an array of fresh, locally sourced produce, delectable baked treats, artisanal crafts, and beyond. Whether you're a culinary enthusiast, a champion of homegrown enterprises, or just seeking an enjoyable day out, Edmonton and its neighboring communities boast farmers' markets that cater to all tastes and interests. Let's delve into some of the premier markets in the area:

1.  124 Grand Market

THREE locations & THREE days per week!

Westmount Location: 108 Avenue between 123 & 124 Street
May 11 to October 5
Thursdays, 4:00 pm – 8:00 pm

South Common (Canadian Tire Parking Lot): 2110 – 101 Street NW
June 2to October 5
Saturdays, 10:00 am – 3:00 pm

124…

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Alberta, has a relatively recent history of European settlement, therefore we don’t have buildings dating back as far as some other regions in the country. However, there are still several historic structures that showcase the province's early development. Here are a few of the oldest buildings in Alberta:

 

1. Fort Edmonton Park - Edmonton

While not a single building, Fort Edmonton Park is a living history museum that includes several reconstructed buildings representing different periods of Edmonton's history. The fort area features buildings from the late 18th and early 19th centuries, showcasing the fur trading era in Western Canada.

 

2. Rutherford House - Edmonton

Built in 1911, Rutherford House is one of Alberta's oldest surviving…

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