The Concepts of Market Value and Purchasing Price

Posted by Chris Raven on February 27th, 2025

The concepts of Market Value and Purchasing Price!

Market Value

• Market Value, often referred to as Fair Market Value, is the estimated amount for which a property or an item would trade in a competitive and open market environment.
• It reflects the price that a willing buyer and a willing seller, both having reasonable knowledge of all relevant facts and neither being under any compulsion to buy or sell, would agree upon.
• Market value can fluctuate based on demand, economic conditions, and other market dynamics.  

Purchasing Price ( Purchase Price ) 

• The Purchasing Price is the actual amount paid for a product or service at the time of buying. It is the cost at which someone acquires an asset, commodity, service, or…

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Springwater Hill and Columbia Landing

Posted by Chris Raven on February 15th, 2025

Pure Sunshine!

Springwater Hill has a rich history! It's the tale of a hidden gem, discovered over and over again. And always it's been about coming home.

COLUMBIA LAKE LOTS

Springwater Hill

This rare real estate opportunity comprises of only 19 Homesite Lake Lots meticulously planned to ensure a view of Columbia Lake and the majestic Rocky Mountains.

Columbia Landing

Columbia Landing is a subdivision of private acreages along Columbia Lake Rd, just south of Fairmont Hot Springs, featuring privacy, easy access and amazing lake and mountain views. No time commitment to build.

Be one of the fortunate few to own at Springwater Hill or Columbia Landing on Columbia Lake.

Book a tour with us, just reach…

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Real Estate Newsletter

Posted by Chris Raven on October 4th, 2024

Dear Reader,

When we walk outside our doors this time of year, it’s not uncommon to be spooked by the haunted sights and sounds around our neighbourhood. While that’s all in good fun, other spooky sights and sounds around your home might not be. For example, maybe you are spooked by a toilet that has suddenly started making strange noises, or you hear a dripping sound from a faucet in the middle of the night that sends shivers up your spine. You may need a plumber if any of those spooky sounds haunt you. If that’s the case, I want you to know you don’t have to be in the dark looking for a plumber or any other contractor you may need. I have a full list of reputable contractors I can recommend for whatever spooky sounds or sights you may discover around…

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The Orchard In Invermere

Posted by Chris Raven on September 26th, 2024

Welcome To The Orchard in Invermere, BC

The Orchard is a 15 home development with luxury adaptable, sustainable living at its core. By design, The Orchard seeks to provide solutions in living that can accommodate a diversity of ability.

Location, Location, Location

Invermere, BC

The Orchard is a beautiful 1.5 acres on 13th Avenue (aka Westside Road) Invermere! A short walk to all schools, close to playing fields, tennis courts, and to the Skate Park. Hiking and biking
trails are nearby and the downtown core with shops and restaurants, is a pleasant 15 minute walk away.

Energy Efficiency

The Orchard Homes are designed to meet the anticipated changing building codes for energy efficiency and accessibility. Many units are…

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yeg-real-estate-results-july-2024--jfsells-com

Posted by John Fraser on August 7th, 2024

Edmonton’s Housing Supply Tightens as Number of Sales Sees Late Summer Rebound

 

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10 Reason why Edmonton is still Affordable...!

Posted by Umang Thakkar on May 23rd, 2024

Edmonton, the capital city of Alberta, Canada, is known for its vibrant arts scene, extensive parklands, and as the gateway to the North. The city is a major center for the oil and gas industry, education, and healthcare, contributing to its stable economy. Edmonton's blend of urban amenities and natural beauty, along with a relatively affordable housing market, makes it an attractive place for families and individuals alike. The affordability of Edmonton's housing market can be attributed to several factors. Here are ten key points explaining why housing in Edmonton is considered affordable:

1. Lower Median Home Prices: Compared to other major Canadian cities like Toronto and Vancouver, Edmonton has significantly lower median home prices, making it…

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The Enigmatic Allure of Edmonton's Ice District: A Closer Look at its High Demand

Posted by on July 10th, 2023

 

Edmonton's Ice District has captivated the hearts of residents and investors alike, earning a reputation as a highly sought-after neighbourhood. Nestled in the vibrant core of downtown Edmonton, this bustling district offers a fusion of entertainment, convenience, and contemporary living.

At the heart of the Ice District lies Rogers Place, a cutting-edge arena that hosts sporting events, concerts, and a myriad of different types of entertainment. This world-class venue attracts a diverse range of performances, drawing sports enthusiasts and music lovers from all over Alberta and Saskatchewan. Residing within close proximity to Rogers Place means having unparalleled access to games, concerts, and an electric ambiance that permeates throughout…

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What to Do When Closing Dates Don’t Match

Posted by Paul Lamba on March 8th, 2023

 

If you want to sell your current property and purchase your next dream home, you might wonder whether the closing dates need to be on the same day. You might even be worried that you’ll lose a property if the closing dates overlap, or you’ll be put out on the street if the dates are far apart!

For the most part, these concerns are unfounded. Thousands of properties change hands daily, and everything usually works out just fine. It’s amazing how often closing dates match!

But what happens if the closing date of the home you want to buy is days or weeks earlier than the closing date of your own property? Most lenders anticipate this situation and offer something called “Bridge Financing.” A special loan allows you to purchase the property…

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February Housing Statistics: "Edmonton Housing Sales See Strong Month-Over-Month Increases"

Posted by Paul Lamba on March 6th, 2023

 

Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for February 2023 decreased 43.4% compared to February 2022 but saw an increase of 31.2% from January 2023. New residential listings were down 12.9% year-over-year from February 2022, while also noting an increase of 15.1% from January 2023. Overall inventory in the GEA was up 20.8% from February of last year, and up 8.5% from the previous month.

For February, detached unit sales were down 50.9% from February 2022, but saw an increase of 24.4% from January 2023 at 725. Semi-detached unit sales were down 47.7% year-over-year but increased by 50% from January 2023. Row/Townhouse unit sales also decreased 33.9% year-over-year and increased 26.4% month-over-month.…

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January Housing Statistics: "YEG Housing Market Sees Stable Transition Into New Year"

Posted by Paul Lamba on February 9th, 2023

 

Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for January 2023 decreased 25.8% compared to January 2022 and saw a small decrease of only 0.2% from December 2022. New residential listings were up 8.5% year-over-year from January 2022, while also noting an increase of 94.8% from December 2022. Overall inventory in the GEA was up 13.2% from January of last year, and up 5.3% from the previous month.

For January, detached unit sales were down 32.1% from January 2022, but saw a small increase of 1.4% from December 2022 at 583. Semi-detached unit sales were down 35.9% year-over-year but increased by 2.0% from December 2022. Row/Townhouse unit sales also decreased 5.7% year-over-year and increased 10.4%…

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