I have sold a property at 2325 73 Street ST SW in Edmonton.
SHOWHOME CONDITION. Immaculately maintained duplex in the family-oriented community of Summerside (with access to the beach and lake!). This bright & spacious 1570+ sqft home is situated on a HUGE pie-lot incl. patio, shed, cozy firepit and hot tub!! The open concept main floor welcomes you home. Enjoy the gourmet kitchen w/maple cabinetry, granite counters, S.S. appliances, pantry, island and wine cooler. Complimented with the open dining area and living room with gas fireplace & mantle. Upstairs is the SPACIOUS bonus room ideal for entertainment & home office. A few steps is the master suite w/4-pc ensuite and walk-in closet, 2 additional bedrooms, 4-pc bath, and laundry room. The basement has tall ceilings and is newly partially finished w/ large rec area (additional bedroom can easily be added) and storage. You are a short walk to a playground/park, 9 min walk to Michael Strembitsky (K-9) school & easy access to shopping, restaurants & major access routes. Excellent for any lifestyle. Immaculate!
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I have sold a property at 7311 Summerside Grande Boulevard BLVD in Edmonton.
Stunning home on Summerside Grande Boulevard with a ton of impressive upgrades! Full width front porch with glass French doors guide you into this modern open concept main floor with 9’ ceiling, rich hardwood floor, designer light fixtures, and gas fireplace with wrap around stone & mantle. The kitchen offers a gas range stove, granite countertops and ‘Timeless White’ cabinetry with stainless-steel appliances brightened up with oversized windows. Upstairs is the spectacular French-door entrance to the master bedroom featuring walk-in closet, 5 pc ensuite with double vanity, soaker tub, and fully tiled stand-up rain shower. South facing backyard includes a multi-level deck garnished with metal gazebo for extra shade on those hot sunny summer days. Paved stone walkway will take you to the 22x22’ garage with upgraded truss attic access for extra storage. 9' basement. A/C will keep you cool or opt to enjoy access to the Summerside Lake with swimming, fishing, boating, tennis and mini-golf all summer long.
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I have sold a property at 16020 12 Ave SW in Edmonton.
Elegant and sophisticated! Located in the desirable community of Glenridding Heights in southwest Edmonton with easy access to Anthony Henday and minutes away from the Currents of Windermere shopping, restaurants, entertainment, schools and playgrounds. Enjoy the spectacular curb appeal and inviting full width front porch then step into an open concept main level enriched with luxury engineered hardwood flooring. The spacious kitchen comes with granite countertops, stainless steel appliances (gas stove), and a peninsula with additional cabinet space. Upstairs bedrooms are a great size with the master bedroom having a walk-in closet and washroom access. Step outside into your very own backyard oasis with a generous size deck, stone walkway to the large patio area to relax in and enjoy the fully landscaped and cared for backyard. The double detached garage is fully insulated and drywalled with ample built-in storage and custom oversized garage door height. A/C and fully fenced. A true gem!
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MINA GAYED

REAL ESTATE

Owning vs. Renting in Today's Market

Once upon a time, no one questioned the financial decision of buying your own home. A sound investment and a step toward growing your wealth, homeownership was an obvious choice. But today, there is an increasing number of living arrangement options. With the rising costs of everyday life, people consider more carefully whether they prefer to rent or own. Are you on the fence? Wondering whether it’s worth making the leap to homeownership? I want to help you navigate through all the information out there and take a look at some of the critical factors that may help you decide between owning or renting. And if you do decide to buy, I’ll work to find you a home that you absolutely love - and nothing less!


For some, choosing to rent rather than buying might seem like a smart choice. If your rent is reasonable and predictable, you may be able to start saving money rather than spending it on the many costs of owning a home. However, the CMHC Edmonton vacancy forecast predicts a dive to 3.4% in 2020, down from 4.9% in 2019. This decrease means that there will be fewer rental options, leading to rising rent prices. Unlike areas with controlled rent, tenants are at a disadvantage when supply becomes scarce. Now, you might think that buying a home in a big Canadian city is out of reach, but you can forget about the crazy markets in Toronto or Montreal - here in the Edmonton area, buying a home is still very affordable! The monthly cost of renting a two-bedroom apartment can be higher than a mortgage payment in some cases. So, while Albertans might be feeling an economic crunch, a lower mortgage payment becomes all the more attractive. Unsure? My team and I can help you explore the reasons why homeownership is right for you!

What makes it a great time to buy in Edmonton?

Mortgage rates are very low - it doesn’t get much better than this, with the lending rate for fixed 5-year mortgages as low as 1.84%  Who doesn’t love to hear this kind of good news amid all the negative headlines? And for me and my team, there’s nothing better than seeing my clients’ excitement when they realize that they can afford much more than they ever thought! Not to mention the many first-time home buyers incentives that we can help you utilize.


While the COVID pandemic had people panicking earlier this spring, the market has shown incredible resilience in these unprecedented times. For the month of August, single-family home unit sales are up 22.98% from August 2019, so the market is still in full swing! However, we do expect a normal decrease through the fall, which might just be the perfect time to make a deal on a home that has stayed on the market all summer! Up until August, the prices for single-family homes have held relatively steady year-over-year, but duplexes are down 3.48%, and condos are down 2.23% - these might just be the perfect place to start considering an alternative to renting!


The supply of rental properties has gone up, but the population has also been steadily growing as it always has in Alberta. So, demand for these properties has outpaced supply. This leads to rising prices: the average monthly rent has gone up by about 1% in the last year. The CMHC says the rental cost of three-bedroom units increased by 1.6% in Edmonton from 2018Some experts are even predicting increases of 3 to 5% this year. The lowest vacancy rates are for homes with 3 or more bedrooms, so larger households have the fewest rental choices at the moment, not to mention the highest rental costs. If your family needs a bit more room (especially if you’ve been stuck with each other all these long months!) then you might stand to benefit the most from buying instead of renting.

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"We want to get to know you, your needs, and your budget to make sure that you feel confident about making this financial decision!"

 

Pros of Home Ownership

One monthly rent payment may be equal to (or even higher than!) a mortgage payment. The average rent right now is $1,144, but with a growing market for homes under $300,000, this could be comparable to a mortgage payment. Wouldn’t it be great to start putting that money toward building equity? It could just be the smartest move you can make for your future.


Another way that homeownership gives you an edge: homeowners qualify for more loan opportunities as your home could be an asset to draw on when you need access to credit.

And perhaps the best of all: you can finally have a place to call your own! Maybe you’ve been dreaming of laying down roots and finally being in charge of your own property. Your living arrangements can be in your control – not that of a landlord who could increase rent or sell their property with little notice. And hey, you never know what opportunities may come up when you enter the real estate market. Your neighborhood could be the city’s next hot spot, giving you the chance to sell for a profit and upgrade!

How do I know if I'm ready to buy?

There are tons of first-time homebuyers’ incentives available! We can help you navigate all possible avenues and support you by answering any questions you may have to find you the best option.


I work as part of a team, and our combined expertise means that we have seen it all: individuals and families in all kinds of situations looking to get a stake in the market. We strive to be as approachable as possible, and we want you to feel comfortable sharing your hopes and dreams with us, along with any hesitations you may have. More than anything, our approach is a personal one. We want to get to know you, your needs, and your budget to make sure that you feel confident about making this financial decision and ultimately increasing your wealth. With Mina’s and the Mozaic Realty Group, you are getting a customized experience!


So, as you consider what’s best for you and for your family, keep an open mind! Consider both sides of the argument, and let us show you what’s possible. Nothing would delight us more than helping you to find your happily ever after!

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.