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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!Coming Soon!

135 Sandringham Rd NW, Calgary
$600,000

Close To Nose Hill Park & Easy Access Into Downtown Calgary!
Large Home On Corner Lot
3 Large Bedrooms & Main Floor Office
2.5 Bathrooms
Double Attached Garage

Call/message us for more details: 403-681-0319

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Edmonton’s housing market is booming, with new homes being built at a record-breaking pace. The latest data from the Canada Mortgage and Housing Corp. (CMHC) reveals over 10,000 new housing starts from January to July 2024, with all housing types seeing a surge in demand.

Single-family detached homes are leading the way, with starts up 67% compared to last year, while semi-detached homes and townhomes have also experienced strong growth. Apartment construction has seen a 71% increase, driven mainly by rental properties, which are up by 75%. Even the often-overlooked condominium market is bouncing back, with a 42% rise in new builds as more buyers turn to affordable options.

New zoning laws have further fueled development, allowing builders to…

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Dear Reader,

I hope you had a wonderful summer filled with happy memories and lots of vitamin D. With fall quickly approaching, cooler days begin to creep up on us. As the weather begins to cool, studies have shown our productivity increases, since our bodies don’t need to work as hard to maintain their internal temperature, freeing up our energy to be productive.

Maybe that productivity has you considering a fall reno project. The fall is a good time to scan your home and ask yourself what repairs or replacements are needed before they pile up on each other. Or maybe you have been considering a home improvement that has been on your wish list, like an updated bathroom.

Whether it’s a necessary home maintenance project or more of an improvement…

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Family Home Sold

Selling with Maxwell Rockies Realty

In a competitive market where new homes for sale are added daily, your listing needs to be seen in a variety of places in order to stand out! As your Seller's Agency, we'll quickly put together a custom marketing plan with an effective price.

HOW WE SELL

Our Strategy

1.  Sell with a custom marketing plan.

2. Get your home listed and talked about everywhere, not just in the local paper and on your street. 

3. Attract buyers via the Internet.

4. Have all the paperwork taken care of for you.

5. Using our Negotiating Skills between Buyer and Seller.


As your Seller's Agency

As your Seller's Agency, we'll quickly put together a custom marketing plan with an effective price. Our…

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No slump in Edmonton’s property market as numbers begin to cool.

There were a total of 2,591 residential unit sales in the Greater Edmonton Area (GEA) real estate market during August 2024, an 11.8% decrease from July 2024, but still 15.8% higher than August 2023. New residential listings amounted to 3,467, down 7.0% from July 2024, and up 7.7% higher from August 2023. Overall inventory in the GEA decreased 1.2% month-over-month and is tracking 13.8% lower than August 2023.


Maxwell Market Monitor


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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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Fire extinguishers are an integral part of your home fire safety plan. Here are some expert-recommended tips to keep in mind:
Equip your home
“Fire extinguishers should be placed on every level of your home and in common spaces like the kitchen, laundry room and garage,” says Ashley Gocken, a First Alert fire safety expert with Resideo Technologies. “Make sure to store extinguishers in easily accessible places, like under the kitchen sink or mounted on the wall.”
Know your ABCs
Fire extinguishers have specific ratings that indicate what kind of fire(s) they are designed to stop.
Extinguishers with a Class A rating can put out fires caused by wood, paper, fabric and other common materials.
Class B rated extinguishers are intended for fires fueled by flammable…

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