Canada’s housing crisis is at a breaking point, and each major federal party has unveiled ambitious plans to tackle it. Whether you’re a first-time buyer, investor, or renter in Edmonton, here’s a clear breakdown of what the Liberals, NDP, and Conservatives are proposing—and how their approaches differ. 

Legal jargon and sources listed at the end of the article. In no particular order, here are the housing plans for the top 3 parties.

🏛️ Liberal Plan: Build Canada Homes (BCH)

The Liberals, under Mark Carney, aim to double Canada’s homebuilding rate to 500,000 homes per year. Their centerpiece is a new federal agency, Build Canada Homes (BCH), which will:

1. Develop affordable housing on public land and manage large-scale projects. An example of Federal land used for housing is the Edmonton community of Griesbach, which was built on a former Canadian Forces Base.

2. Provide $25 billion in debt and $1 billion in equity financing to boost prefabricated and modular construction (Learn about Debt Financing and Equity Financing). What is less clear is how equity financing will be used, as generally you can’t purchase shares in a crown corporation unless it’s a mixed public-private enterprise owned in part by the private sector and government in joint partnership

3. Offer $10 billion in low-cost financing for affordable, supportive, Indigenous, student, and seniors’ housing

4. Cut municipal development charges by 50% for five years and reintroduce tax incentives for rental housing

5. Eliminate the GST on homes under $1 million for first-time buyers, saving up to $50,000 (this would only impact Alberta buyers purchasing homes direct from builders in most cases. Resale/previously loved homes are generally not subject to GST, but I’m not an accountant, so if you’re curious, call one (I can refer several)

6. Streamline permitting, standardize housing designs (making time to completion shorter), and building sustainably with low-emission materials

🧱 NDP Plan: 3 Million Homes by 2030

The NDP, led by Jagmeet Singh, propose building 3 million new homes by 2030, with a strong focus on affordability and renters’ right. Their strategy includes:

1. Replacing the Liberal Housing Accelerator Fund with a permanent $16 billion national housing strategy

2. Canadian Homes Transfer - Incentivizes cities to build quickly, legalize multi-unit homes, and prioritize housing near transit

3. Communities First Fund - Supports provinces in helping cities lay the foundations for building more homes faster, while requiring rent control and reduced development charge.

4. Implementing national rent control to prevent price gouging and renoviction.

5. Mandating that 20% of housing in every neighborhood be non-market (e.g., co-ops, public housing)

6. Freezing development charges and working with provinces to halve the development charges that slow down construction

7. Training over 100,000 skilled workers, including newcomers, to meet construction demand

   The NDP’s plan emphasizes public investment, affordability, and protecting renters from corporate landlords. I have no idea why this paragraph won’t align left, if you’re curious.

🏗️ Conservative Plan: 2.3 Million Homes in 5 Year

Conservative leader Pierre Poilievre promises to build 2.3 million homes over five years by reducing government intervention and empowering the private sector. Key elements include:

1. Requiring cities to increase housing construction by 15% annually, with federal funding tied to performance.

2. Selling 15% of federal buildings and land to be converted into affordable housing.

3. Eliminating the GST on new homes (purchase direct from the builder) up to $1.3 million, saving buyers up to $65,000.

4. Incentivizing municipalities to cut development charges, potentially saving an additional $50,000 per home.

5. Mandating pre-approved high-density housing near transit stations.

6. Streamlining approvals by enforcing a 60-day limit for CMHC to process housing applications.

The Conservative plan focuses on reducing bureaucracy, cutting taxes, and leveraging private investment to accelerate homebuilding.

🔍 Comparing the Plans

Each party offers a distinct approach to addressing Canada’s housing crisis. The Liberals focus on a hybrid public-private model with significant investment in prefabricated construction. The NDP emphasize public investment, affordability, and renters' rights. The Conservatives advocate for reducing government intervention, cutting taxes, and leveraging the private sector. Note that in Alberta, renter’s rights primarily fall under the Residential Tenancies Act.

For Edmonton residents, these plans could have varying impacts on housing availability, affordability, and the speed of new development. Staying informed about these proposals can help you make decisions aligned with your housing needs and values. If you have any questions about this topic, or anything else, call me at (780) 232-2064.

Readers should note that this article is for information and I’m not compensated by or affiliated with any federal political party, including those not mentioned in this article. Information presented is sourced directly from each party’s official website. Images used are in the public domain.

If you’re a first-time buyer or real estate investor looking to get into one of Edmonton’s most established yet evolving neighbourhoods, Britannia Youngstown deserves a spot at the top of your list. Located in West Edmonton and rich with history, amenities, and accessibility, this dynamic community blends old-school charm with modern-day convenience.

Whether you’re looking for an affordable starter home, a revenue property, or just curious about what this pocket of the city has to offer—this guide covers everything you need to know.

Where Is Britannia Youngstown?

Britannia Youngstown is bounded by:

• 156 Street to the east

• Mayfield Road to the west

• Stony Plain Road to the south

• 107 Avenue to the north

Once part of the former Town of Jasper Place, this area officially joined Edmonton during the 1964 annexation. The neighbourhood is now part of the city’s Mature Neighbourhood Overlay, meaning it benefits from mature tree-lined streets, wider lots, and the kind of character newer suburbs simply can’t offer.

A Glimpse Into the History

The area we now call Britannia Youngstown has deep historical roots. It began as two separate subdivisions within the Town of Jasper Place:

• Britannia, appearing on city planning maps as early as 1912, may have been named after the Latin term for Britain. Development in Britannia didn’t take off until the early 1950s, when postwar expansion spurred demand for single-family homes.

• Youngstown, its western neighbour, followed suit with residential development in the late 1950s, catering to Edmonton’s growing population during Alberta’s oil boom.

At the time, most of the homes were modest, single-detached bungalows, built to accommodate working-class families. One of the earliest and most defining landmarks, Westlawn Memorial Park, was established during this development wave, reinforcing the neighbourhood's role as a long-standing residential hub.

In 1964, both subdivisions were amalgamated into the City of Edmonton during the annexation of Jasper Place—a major urban planning milestone that led to the westward expansion of the city. Since then, Britannia Youngstown has experienced gradual redevelopment and densification, with infill projects and commercial expansion along its borders, particularly near Stony Plain Road and Mayfield Common.

Demographics and Housing Snapshot

According to the City of Edmonton’s municipal census:

• Population: 4,759 residents

• Dwellings: 2,398

• Area: 1.64 km²

• Population Density: Approx. 2,902 people/km²

Housing Types:

• ~48% apartments in low-rise buildings

• ~40% single-family homes

• ~6% row houses

• ~5% duplexes and infill

Notably, about 60% of homes are renter-occupied, making this a popular area for both investors and residents seeking affordable rentals or first-time homes.

Schools in Britannia Youngstown

Families will appreciate the convenient access to several schools right in the neighbourhood:

• Youngstown Elementary School (Public)

• Britannia Junior High School (Public)

• Elves School – A specialized institution for children with disabilities, operated by the Elves Special Needs Society

Nearby options also include Catholic schools and additional junior/senior high schools in surrounding communities like West Jasper Place and Glenwood.

Community Amenities and Local Highlights

🏫 Britannia Youngstown Community League

Founded in 1959, the community league is the heart of the neighbourhood. It maintains:

• A community hall

• Outdoor rink (perfect for winter skating)

• Basketball courts

• Tennis courts
  All facilities are located at 159 Street and 105 Avenue.

🛍️ Shopping and Retail

• Mayfield Common sits at the southwest corner of the community, offering everything from groceries to fashion and restaurants.

• Stony Plain Road is a commercial corridor featuring local businesses, chain stores, auto services, and diverse dining options.

🏞️ Parks and Green Spaces

• Britannia Off-Leash Dog Park (just to the northwest)

• Westlawn Memorial Park – Not just a cemetery but a quiet green space with mature trees and walking paths

• Quick access to MacKinnon Ravine Park and Jasper Place Bowl for outdoor activities

Accessibility and Commuting

One of Britannia Youngstown’s greatest strengths is how central and connected it is. You’ll enjoy fast commutes by car, bus, or bike:

🚗 Driving

• Downtown Edmonton – 12–15 minutes via Stony Plain Road or 107 Ave

• West Edmonton Mall – Just 7 minutes west along 87 Ave

• University of Alberta – Around 15–20 minutes south via Groat Road

🚍 Public Transit

• Several ETS bus routes serve the area along 107 Avenue, 156 Street, and Stony Plain Road

• Direct connections to:

  • Downtown core

  • West Edmonton Mall Transit Centre

  • Jasper Place Transit Centre

🛒 Nearby Groceries

• Safeway in Mayfield Common

• Superstore on Stony Plain Road

• Loblaws City Market and smaller ethnic grocery stores scattered throughout the corridor

Why Buyers Love Britannia Youngstown

✅ Affordable real estate compared to central or west-end counterparts
✅ Infill opportunities and upzoning potential under Edmonton’s new zoning bylaws
✅ Family-friendly amenities and schools within walking distance
✅ Rich community spirit and long-standing residents
✅ Transit accessibility with future transit-oriented development possibilities

Frequently Asked Questions (FAQ)

Q: Is Britannia Youngstown a good neighbourhood for first-time buyers?
Yes! With a mix of affordable single-family homes and rental suites, it’s perfect for first-timers looking to get a foot in the market or house-hack by renting out a basement suite.

Q: Is this a safe neighbourhood?
Like many mature Edmonton communities, Britannia Youngstown has seen waves of revitalization. With active community league support, crime prevention programs, and improved lighting and patrols, safety continues to trend upward.

Q: Are there parks or trails for kids and dogs?
Absolutely. You’ll find parks, sports courts, and even an off-leash dog park nearby. The community is walkable, and larger natural areas are just a few minutes' drive away.

Q: How is the rental market here?
Strong. With nearly 60% of dwellings rented, there’s constant demand. This makes the neighbourhood attractive for investors and homebuyers looking to offset their mortgage with rental income.

Q: Is there redevelopment happening in the area?
Yes. Britannia Youngstown is part of Edmonton’s infill and redevelopment push. The mix of aging homes and high-density zoning along Stony Plain Road is encouraging revitalization and modern housing options.

Final Thoughts

Britannia Youngstown is a neighbourhood in transition—in all the best ways. It offers charm, character, and unbeatable value in a city that's rapidly growing westward. For new buyers, it’s a chance to buy into a central location without the central Edmonton price tag. For investors, it’s a goldmine of rental potential and long-term appreciation.

If you’re curious about listings in the area, want to schedule a private tour, or just have questions about real estate in West Edmonton, I’d be happy to help. Call or text me at (780) 232-2064.

Straightforward answers. No fluff. Just the terms that matter.

If you’re just starting your home buying or selling journey, chances are you’ve already come across a few head-scratching real estate terms. From “amortization” to “title,” it’s like learning a new language. But knowing what these terms mean can save you time, money, and stress—especially when you’re navigating one of the biggest financial decisions of your life.

This glossary breaks down the most common real estate terminology used in Alberta, with definitions sourced directly from the Real Estate Council of Alberta (RECA). Whether you’re buying your first home or listing your current one, this guide is here to make real estate feel a lot less intimidating.

Source: RECA Glossary of Terms

Real Estate Terms You Should Know

A

Amortization
The time it takes to fully pay off a mortgage, including both principal and interest. In Canada, amortization periods typically range from 25 to 30 years.

Appraisal
An unbiased estimate of a property’s value, usually required by your lender before final mortgage approval.

Associate
A licensed real estate professional in Alberta who works under a brokerage. Every Realtor you meet is either an associate or a broker.

B

Broker
The person in charge of managing a brokerage. Brokers supervise associates and ensure legal compliance.

Brokerage
The licensed real estate company that employs associates and brokers. When you hire a Realtor, you're actually hiring the brokerage they represent.

C

Closing Costs
The fees paid at the end of a transaction, including legal fees, title insurance, and tax adjustments. These are in addition to your down payment.

Condominium
A type of homeownership where you own your individual unit and share ownership of common areas like hallways and amenities.

Condo Fees
Monthly payments by condo owners to maintain the building, shared spaces, and reserve funds.

D

Deposit
A sum paid by the buyer when the offer is accepted. It’s held in trust until closing and counts toward the purchase price.

E

Encumbrance
A registered claim or restriction on the property (like a lien or easement) that could impact your ability to sell or use it.

F

Foreclosure
A legal process where the lender takes possession of a property after the borrower fails to make mortgage payments.

L

Listing Agreement
A contract between a seller and a brokerage that gives the brokerage permission to market and sell the home.

M

Mortgage
A loan used to purchase property. You repay the loan (plus interest) over time, and the property serves as collateral.

Mortgage Broker
A licensed individual who shops around with different lenders to help you find the best mortgage rate and terms.

P

Pre-Approval
A lender’s estimate of how much you can borrow, based on your financial information. It gives you a clear home shopping budget.

Principal
The original loan amount borrowed, before interest is added.

R

Real Estate Council of Alberta (RECA)
The regulatory body that licenses and governs Alberta’s real estate professionals. They’re here to protect consumers like you.

Real Property Report (RPR)
A legal document that shows property boundaries and structures. It’s often required in resale transactions.

S

Subject to Financing
A common condition in offers stating that the deal only goes through if the buyer secures financing.

T

Title
A legal document that confirms who owns the property. During closing, title is transferred from seller to buyer.

W

Walk-Through
The final check buyers do before possession. It ensures the home is in the condition agreed upon in the contract.

Why This Matters

Understanding these terms won’t just help you feel more confident—it could prevent costly mistakes. And if you ever find yourself unsure about something? That’s what I’m here for.

Still have questions? Let's make it easier. Call or text at (780) 232-2064.

✅ FAQ: Real Estate Terms—Ask Me Anything

What’s the difference between a broker and a Realtor?

A broker manages a brokerage and supervises other agents. A Realtor is a licensed professional (broker or associate) who is a member of the Canadian Real Estate Association and adheres to a specific code of ethics.

Is an RPR required when selling my home in Edmonton?

In most resale transactions, yes. An updated Real Property Report (RPR) with municipal compliance is often required by the buyer’s lawyer before closing.

How much are closing costs in Alberta?

Closing costs typically range from 1.5% to 4% of the purchase price and include legal fees, title insurance, and tax adjustments.

Do I need a mortgage pre-approval before house hunting?

Yes—especially in Edmonton’s competitive market. Pre-approval shows sellers you're serious and helps you avoid looking at homes outside your budget.

Are condo fees negotiable?

No. Condo fees are set by the condo board and reflect the building’s maintenance and reserve fund needs. But knowing what's included can help you compare buildings more effectively.

Final Thoughts

If you’re feeling more confident already—good. That’s the goal.

Real estate doesn’t have to feel complicated when you have the right people (and the right info) in your corner. Bookmark this page or share it with someone who's starting their real estate journey.

Got a question I didn’t cover here? I’m only a message away. Visit pabianrealty.ca to connect or book your free home evaluation, or call/text me at (780) 232-2064.

Source: This glossary is adapted from the Real Estate Council of Alberta (RECA) to help educate Alberta home buyers and sellers.

For many aspiring homeowners in the Greater Edmonton Area, buying a home in 2025 still feels like climbing a financial mountain. Rising home prices, inflation-driven living costs, and evolving mortgage rules have made one thing crystal clear: the down payment is often the biggest barrier to home ownership.

But here’s the good news — more Edmontonians are finding creative, practical ways to overcome this hurdle than ever before. If you’re a first-time home buyer feeling overwhelmed by the idea of saving tens of thousands of dollars, you’re not alone.

Let’s break down the reality of down payments in Edmonton, explore why it’s so challenging, and highlight the smart strategies buyers are using right now to secure their first homes — even in a competitive seller’s market.

💰 Why Is the Down Payment Still So Hard?

In 2025, the average home price in Edmonton sits around $409,000, up approximately 9–12% year-over-year (source: RAE March 2025 Statistics). That means a 5% minimum down payment on an average home is approximately $20,450 — and that’s before factoring in closing costs, legal fees, inspections, and moving expenses.

Despite a slight softening of inflation and stabilizing mortgage rates, affordability remains a major issue. In fact:

• Over 21% of first-time buyers in Canada report saving for six years or more to afford a down payment (CMHC).

• Roughly 30% rely on family gifts or early inheritances to bridge the gap.

• Many still underestimate total upfront costs, which can add another 1.5–4% to their budget.

This is where knowledge — and strategy — becomes power.

📈 What’s New in 2025: More Support, More Flexibility

While the down payment remains a challenge, recent changes in federal policy and local market conditions are giving buyers some much-needed breathing room.

✅ First Home Savings Account (FHSA) – The Game Changer

Introduced in 2023, the FHSA has quickly become the go-to savings vehicle for new buyers. It combines the tax-deductible benefits of an RRSP with the tax-free withdrawal power of a TFSA.

Key features for Edmonton buyers:

• Contribute up to $8,000 annually (up to $40,000 lifetime)

• Contributions are tax-deductible, lowering your income tax burden

• Withdrawals for a qualifying home purchase are completely tax-free

• Can be used alongside the RRSP Home Buyers’ Plan (up to $35,000 per person)

📊 Pro Tip: Couples can pool FHSA + RRSP savings to access over $100,000 in down payment funds.

✅ 30-Year Amortization on Insured Mortgages

New for 2025, the federal government has reintroduced the 30-year amortization option for first-time buyers purchasing new homes with insured mortgages.

This move:

• Lowers monthly payments by spreading the loan over more years

• Helps buyers qualify for higher loan amounts under stricter stress-test rules

• Is intended to boost affordability and reduce entry barriers for younger Canadians

✅ Provincial Incentives and Municipal Supports

While Alberta doesn’t offer a provincial land transfer tax (a major advantage over provinces like Ontario or BC), some municipalities — including Edmonton — are exploring property tax deferrals, energy-efficiency grants, and first-time buyer education programs to support affordability.

🧠 Smart Strategies: How Edmonton Buyers Are Getting It Done

Savvy first-time home buyers in Edmonton are finding creative, actionable ways to make the dream a reality.

🏡 Stacking Financial Tools

Many buyers now combine multiple savings and support strategies to maximize their purchasing power:

• FHSA + RRSP Home Buyers’ Plan = Up to $75,000 tax-advantaged savings per person

• Employer RRSP match programs (when available)

• Automated savings apps that round up purchases and funnel change into a savings account

🛠 Tip: Set up a separate “Home Fund” account and automate transfers weekly or bi-weekly.

👪 Leveraging Family Support (Responsibly)

The “Bank of Mom and Dad” is alive and well, but today’s buyers are taking a more structured approach:

• Gift letters for lenders to confirm the money isn’t a loan

• Co-signing arrangements to help meet debt-service requirements

• Shared ownership or duplex purchases with family to offset costs

📉 Cutting Lifestyle Costs for a Big Reward

Many buyers are:

• Downsizing rental units or moving in with family short-term

• Selling second vehicles or switching to transit to save on insurance and gas

• Delaying big-ticket purchases like vacations or electronics

These sacrifices often result in $10,000–$25,000 saved in under 2 years.

🌄 Widening the Search

More buyers are looking beyond Edmonton’s core into surrounding communities like:

• Spruce Grove

• Stony Plain

• Fort Saskatchewan

• Leduc

• Beaumont

These areas offer:

• Lower average home prices (up to 20–25% less)

• Newer homes and larger lots

• A more relaxed pace of life, with easy commutes via Anthony Henday and QEII

🧭 Final Thoughts: The Path to Home Ownership in 2025

While the road to a down payment in Edmonton isn’t always easy, it’s more achievable now than it’s been in years — if you have the right roadmap.

With tax-free savings programs, supportive family structures, creative budgeting, and local market knowledge, the dream of owning a home is within reach for first-time buyers across Edmonton and surrounding communities.

🎯 Want to accelerate your path to homeownership?
Let’s build a personalized strategy based on your unique situation. I specialize in helping buyers in Edgemont, The Hamptons, and west-end Edmonton create practical, step-by-step plans — from saving to keys in hand.

📝 FAQ: Down Payments in Edmonton – What You Need to Know

Q: What’s the minimum down payment required in Canada?
A: For homes under $500,000, you need a minimum of 5%. For homes between $500,000 and $999,999, it’s 5% on the first $500,000 and 10% on the remainder. Homes over $1 million require a 20% down payment, and cannot be insured.

Q: Is the FHSA better than the RRSP for saving a down payment?
A: Not necessarily better — just different. The FHSA allows for both tax-deductible contributions and tax-free withdrawals, while RRSP Home Buyers' Plan requires repayment. Using both together is often the most powerful strategy.

Q: What are CMHC premiums and can I avoid them?
A: CMHC mortgage insurance is mandatory for down payments under 20%. It protects lenders but costs you 2.8–4.0% of your loan. Avoiding it requires a 20% down payment, but many buyers choose to pay the premium in order to enter the market sooner.

Q: How long does it take to save a down payment in Edmonton?
A: The average is 5–7 years, but with tools like the FHSA and family support, many buyers reduce this to 2–3 years, or even faster with a dedicated savings strategy.

Q: What are the hidden costs beyond the down payment?
A: Expect to budget 1.5–4% for:

• Closing costs

• Legal fees

• Title insurance

• Inspections/appraisals

• Moving expenses

• Utility connection fees

Q: Is it better to buy in Edmonton or the surrounding communities?
A: It depends on your lifestyle and budget. Surrounding areas like Stony Plain or Beaumont offer more space for less money, but may increase your commute. Many buyers find a great balance in these markets.

👋 Ready to Own in 2025?

Whether you’re just starting your down payment journey or ready to buy this year, I can help you map out your next steps.

📞 Book your free buyer consultation today
📍Serving the Greater Edmonton Area
📧 Visit PabianRealty.ca to get started or call/text (780) 232-2064

On April 16, 2025, the Bank of Canada (BoC) held its overnight benchmark interest rate at 2.75%, following seven consecutive rate cuts since June 2024. While many anticipated another small cut to kick off the spring housing market, the central bank hit pause—choosing instead to evaluate how previous reductions are impacting inflation, economic growth, and consumer spending.

If you're a first-time home buyer, a homeowner planning to list, or just trying to time your next move, this announcement is significant. So, what does it really mean for you—and for the Edmonton housing market?

Let’s dig in.

🏦 Why Did the Bank of Canada Hold Rates?

According to BoC Governor Tiff Macklem, this pause is about patience, not panic.

"While inflation is easing, underlying pressures remain persistent. Global uncertainty, including U.S. trade disputes, continues to weigh on the Canadian economy."
— Tiff Macklem, BoC Governor (CBC News, April 2025)

🔍 The key reasons for the pause include:

• Core inflation is still above target, despite a slowdown in headline inflation (currently at 2.3% in March 2025).

• Tariff tensions with the U.S., a major trade partner, are creating economic unpredictability.

• Wage growth remains steady, which is good news for households—but makes inflation stickier.

The bank is taking a “wait and see” approach, giving previous rate cuts time to filter through the economy before adjusting again.

💸 What This Means for Canadian Mortgage Rates

When the BoC changes the overnight rate, it affects variable-rate mortgages and lines of credit almost immediately. But because rates were held steady, we can expect:

• No immediate change to variable-rate mortgages (which are tied to lenders’ prime rates).

• Slight movements in fixed rates may still occur, depending on bond yields and market sentiment—but don’t expect dramatic shifts.

For those shopping for a home, this decision buys you time. If you’re already pre-approved at a favourable rate, you likely won’t lose that edge—but you also don’t need to panic about a spike in borrowing costs.

💡 Pro Tip: If you're house hunting this spring in Edmonton, consider locking in a pre-approval to protect yourself from future rate or price fluctuations.

🏘️ How This Affects Canada’s Housing Market in Spring 2025

1. No Sudden Surge in Activity — Just a Balanced Spring

Unlike the aggressive seller’s markets of 2021 or early 2022, we’re entering a more balanced season. While buyer demand is improving (thanks to lower rates), economic uncertainty is still keeping some buyers on the sidelines.

Many Canadians are cautiously optimistic—but not rushing in.

According to the Canadian Real Estate Association (CREA):

• National home sales were down 2.1% in March 2025 compared to February.

• The average national sale price was $717,800, while Edmonton homes averaged $460,685 making our city far more accessible.

2. Inventory Is Rising—But Still Tight in Key Markets

Spring typically brings more listings—and we’re seeing that trend continue in 2025. However, it’s not enough to fully satisfy buyer demand, especially in popular Edmonton neighbourhoods like:

• Edgemont

• The Hamptons

• Secord

• Rosenthal

In these communities, homes are still selling quickly when priced correctly and marketed well.

3. First-Time Buyers Are Still Struggling With Affordability

Even with lower interest rates than last year, the cost of entry into the market remains high, particularly when you factor in:

• Rising insurance premiums

• Higher property taxes

• Increasing utility and maintenance costs

And while Canada doesn’t have land transfer tax at the federal level, Alberta does charge a land titles fee—a detail often overlooked by first-time buyers.

🧭 What Buyers and Sellers Should Be Doing Right Now

Whether you're buying your first home or thinking about selling your current one, the BoC rate decision should influence—but not control—your next steps.

🔑 If You're a Buyer:

• Get pre-approved now. Lenders are still offering competitive rates.

• Don’t delay due to fear. Waiting rarely results in significantly better timing—you’re more likely to miss out on properties that fit your needs.

• Understand your closing costs. Beyond your down payment, budget for lawyer fees, inspections, appraisals, and title insurance.

🏡 If You're a Seller:

• This is still a good time to list—particularly in Edmonton’s west-end communities where demand remains high.

• Work with a Realtor who markets aggressively. I offer:

  • Drone video tours

  • Custom property websites

  • Community feature videos

  • Social media strategy

  • Neighbourhood canvassing

• Staging, pricing, and presentation are more important than ever.

📊 According to Zoocasa, homes that are professionally marketed and priced accurately sell up to 50% faster in balanced markets.

📉 Will the Bank Cut Rates Later This Year?

Most economists agree that more rate cuts are likely later in 2025, especially if inflation continues to decline.

Upcoming BoC rate announcement dates to watch:

• June 4, 2025

• July 23, 2025

• September 3, 2025

If inflation returns to the 2% target and the global economy stabilizes, we could see the overnight rate drop below 2.5% before the end of the year.

📚 Frequently Asked Questions (FAQ)

Q: Will the BoC rate hold lower my mortgage payments?
A: Not immediately. If you’re in a variable-rate mortgage, your payments will stay the same. If rates drop again later this year, you could see your payments decline.

Q: Is this a good time to buy a home in Edmonton?
A: Yes, especially if you're a first-time buyer. Edmonton is one of the most affordable major cities in Canada, and rates are low compared to 2023. The key is to buy based on your budget and timeline, not the headlines.

Q: What does this mean for home prices in Edmonton?
A: Home prices are stable to slightly increasing. We’re not seeing dramatic spikes, but homes are still appreciating, especially in well-connected neighbourhoods with amenities and schools nearby.

Q: Should I wait for rates to drop further?
A: That depends on your goals. Waiting for a slightly lower rate could mean missing out on the right home or paying more if prices rise. Many buyers regret waiting in the past.

Q: How can a Realtor help in a market like this?
A: An experienced Realtor can:

• Negotiate favourable terms

• Connect you with trusted mortgage professionals

• Help you interpret market data

• Avoid costly mistakes during inspections or legal reviews

🎯 Final Thoughts

The Bank of Canada’s decision to hold rates steady is a clear message: we’re not out of the woods yet, but we’re also not spiraling. The Canadian economy is stabilizing. Mortgage rates are settling. And the housing market is finding its balance.

This is an excellent time for prepared buyers and serious sellers to make confident moves.

📞 Ready to Take the Next Step?

Whether you're buying your first home or planning to sell this spring, I’m here to help you make smart, informed decisions.

✅ Book a FREE home evaluation
✅ Let’s create a custom buyer plan just for you
✅ Discover how we can leverage Edmonton’s 2025 market in your favour

Visit PabianRealty.ca to get started, or reach out directly for a no-pressure consultation by texting or emailing (780) 232-2064.

If you’re looking for a vibrant, family-friendly neighbourhood in West Edmonton with plenty of green space, beautiful homes, and easy access to major routes, The Hamptons might be exactly what you’re searching for.

Located at the southern edge of The Grange Area Structure Plan (ASP), The Hamptons is a thoughtfully designed community that blends peaceful suburban living with excellent city connectivity. Whether you're a first-time home buyer or planning your next move, this is a neighbourhood that offers the best of both worlds.

Where Is The Hamptons?

The Hamptons is bordered by:

• 62 Avenue NW to the north

• Anthony Henday Drive to the east

• Lessard Road to the south

• Winterburn Road (215 Street NW) to the west

Neighbourhoods like Glastonbury and Granville sit directly to the north, giving residents even more options for dining, shopping, and community services.

History and Planning

Development in The Hamptons began in the early 2000s after City Council approved its neighbourhood plan in the late 1990s. The name "The Hamptons" pays tribute to Hampton Court in London, a favourite residence of King Henry VIII—fitting, considering the neighbourhood’s balance of modern convenience and classic charm.

As part of The Grange ASP, the community was designed with a mix of residential densities:

• Two-thirds low-density homes (mostly detached single-family)

• One-third medium-density homes (townhomes and condos)

The layout was designed for both beauty and function, featuring looping collector roads, scenic dry ponds and lakes for stormwater management, and pedestrian-friendly pathways connecting all parts of the community.

Homes and Lifestyle

The Hamptons offers a wide variety of real estate options:

• Single-family homes with attached garages, ideal for families

• Townhomes and duplexes for first-time buyers or downsizers

• Condominiums and apartment-style units for those looking for low-maintenance living

Many homes back onto parks, lakes, or trails, and newer construction continues to pop up, offering modern finishes and energy-efficient features.

Schools in The Hamptons

This is one of the most education-friendly neighbourhoods in West Edmonton. Families living here have access to several excellent schools:

Public Schools (Edmonton Public School Board)

• Bessie Nichols School (K–9) – Located in the heart of the neighbourhood

• Kim Hung School (K–9) – Just minutes away in Granville

• Jasper Place High School (10–12) – Designated public high school nearby

Catholic Schools (Edmonton Catholic Schools)

• Sister Annata Brockman Catholic School (K–9) – A top-rated school located right in The Hamptons

• Blessed Oscar Romero High School (10–12) – A short drive away for Catholic secondary students

All schools are well-connected via walking trails, and many students can walk or bike safely thanks to the well-planned pathways.

A Safe, Secure Neighbourhood

The Hamptons has one of the lowest crime rates in West Edmonton. According to recent stats:

• Crime in The Hamptons is 24% lower than the Alberta average

• Violent crime is 10% lower than the national average

This makes the area especially attractive for families, seniors, and anyone who prioritizes peace of mind.

Parks, Trails & Recreation

The Hamptons is made for outdoor living. The community features:

• Multiple park spaces and playgrounds

• Scenic stormwater ponds that double as relaxing green spaces

• Walkways and bike trails connecting the entire neighbourhood

Popular spots include Doug Kelly Park, the large school park sites, and the trail loops near 199 Street and Hemingway Road.

Amenities & Nearby Services

While The Hamptons has plenty of conveniences within its borders, it’s also just minutes from major west-end destinations. Here are a few local favourites, with estimated drive times:

• 🛒 Costco Wholesale – 5 minutes

• 🛍️ Save-On-Foods at Hampton Market – 3 minutes

• 🏋️ GoodLife Fitness – 5 minutes

• 🍔 Local cafés, takeout spots, and full-service restaurants – within 2–7 minutes

• 🎢 West Edmonton Mall – 10 minutes

• ✈️ Edmonton International Airport – 25 minutes

• 🏥 Misericordia Community Hospital – 12 minutes

You’re never far from the services you need, whether it's groceries, healthcare, or weekend entertainment.

Community Spirit

The Hamptons Community League plays an active role in neighbourhood life. From movie nights and seasonal events to outdoor skating and sports programming, there’s always something happening.

With a strong sense of pride and friendly neighbours, The Hamptons feels more like a village than a suburb.

Why Buyers Love The Hamptons

Here’s why so many people choose to call this west-end gem home:

• Safe and quiet streets with low traffic

• Beautiful, walkable neighbourhood design

• Proximity to excellent schools and major routes

• Variety of homes for every budget

• Green spaces, lakes, and parks at every turn

FAQ: Living in The Hamptons, Edmonton

Q: What types of homes are in The Hamptons?
A: You'll find single-family homes, duplexes, townhomes, and low-rise condos, many with modern finishes and proximity to parks or lakes.

Q: Is The Hamptons good for families?
A: Absolutely. With excellent K–9 schools, safe streets, parks, and a strong community league, it’s ideal for young families.

Q: What is the average home price in The Hamptons?
A: Prices vary, but single-family homes typically range from the mid-$400s to the $700s. Townhomes and condos can be found starting in the low $300s.

Q: Are there schools within walking distance?
A: Yes. Bessie Nichols and Sister Annata Brockman are both walkable for many residents, and walking paths connect students safely to schools.

Q: How long is the commute to downtown Edmonton?
A: Roughly 20–25 minutes by car, depending on traffic. Transit routes are also available.

Thinking of Buying in The Hamptons?

As someone who lives nearby and specializes in west Edmonton real estate, I know how special The Hamptons truly is. Whether you're buying your first home or relocating within the city, I’d be happy to help you find the right fit.

👉 Reach out anytime at PabianRealty.ca
📲 Or follow along for more on Instagram: @pabianrealty

You may also text or call any time at (780) 232-2064 or email mike@pabianrealty.ca

Let’s find you a place you’ll love coming home to—right here in The Hamptons.

Embarking on the journey of purchasing your first home is both exciting and complex. As a first-time buyer, it's essential to familiarize yourself with the key professionals who will guide you through this process. Understanding their roles, how they are compensated, and what to expect at each stage will empower you to make informed decisions and avoid costly liabilities or financial risks.

1. Real Estate Agent

Role: Your real estate agent assists in finding suitable properties, negotiating offers, and navigating the purchasing process. They provide valuable insights into neighborhoods, market trends, and property values.

Compensation: In Canada, the seller typically pays the real estate commission, which is then split between the seller's and buyer's agents. This means, as a buyer, you usually don't pay your agent directly. Commissions vary from transaction to transaction - in fact, each Realtor is able to negotiate their fees for each transaction. In Edmonton, commissions are usually 3.5% of the first $100 000 of the purchase price, and 1.5% of the remaining balance for both the selling agent and the buyer’s agent. Typically, buyers will not need to pay any commissions out of pocket as they will be disbursed from the purchase price at the time of possession.

2. Mortgage Broker or Lender

Role: Mortgage brokers help you secure financing by connecting you with lenders and finding mortgage products that suit your financial situation. Alternatively, you can work directly with a lender, such as a bank or credit union, to obtain a mortgage.

Compensation: Mortgage brokers are typically paid by the lender through a commission upon the successful closing of a mortgage. This commission is usually a percentage of the loan amount, and the percentage will vary depending on factors like whether you are being financed through an “A” lender or a “B” lender. In most cases, this means there is no direct cost to you as the borrower. However, it's essential to discuss any potential fees upfront and ask your mortgage professional how they are compensated for their time and work.

Understanding the Mortgage Process:

• Pre-Approval: Before house hunting, obtain a mortgage pre-approval to determine how much you can afford. This involves a lender assessing your financial situation and creditworthiness. In Edmonton, because of the strong seller’s market offers are generally not being accepted without proof of a completed pre-qualification.

• Application: Ideally, before you start shopping for a property you'll complete a mortgage application, providing detailed financial information and documentation. This may include tax information, employment verification and pulling detailed banking records.

• Approval and Closing: After approval, the lender will provide a commitment letter outlining the mortgage terms. During closing, funds are transferred, and the mortgage is finalized.

3. Home Inspector

Role: A home inspector evaluates the property's condition, examining structural components, systems, and appliances to identify any existing or potential issues. This assessment helps you make informed decisions and negotiate repairs if necessary. This is not a “pass” or “fail” and the inspector’s role is simply to advise you on their findings. Because this is a non-invasive inspection, not all potential issues that may exist with a property will be revealed. Talk with your Realtor about the limitations of the inspection process.

Compensation: Home inspectors charge a fee for their services, typically ranging from $500 to $800, depending on the property's size and location. This fee is paid by the buyer at the time of the inspection. Additional fees may be billed for rural properties, sewer scoping, radon testing and additional services.

Remember, there is value in getting an inspection whether you’re purchasing a character home built 80 years ago or a new build - in fact, it’s not uncommon to see lots of deficiencies in new builds, so be sure to know what you’re buying. View the inspection as an investment, and an important step that could relieve future stress and avoid future headaches.

What to Expect During the Inspection:

• Duration: Inspections usually take 2 to 3 hours. Your Realtor is required to be on site throughout, although as a buyer you are not required to be present (though we strongly encourage you to be there!). 

• Areas Covered: Inspectors assess the roof, foundation, plumbing, electrical systems, HVAC, insulation, and will also check for evidence of leaks or moisture where it shouldn’t be.

• Report: You'll receive a detailed report outlining findings, including photographs and recommendations for repairs or further evaluations. This report is not automatically shared with your Realtor, so be sure to discuss the results with them directly.

4. Real Estate Lawyer

Role: A real estate lawyer ensures all legal aspects of the transaction are handled appropriately. They review contracts, conduct title searches, facilitate the transfer of funds, and ensure the property's title is clear of liens or encumbrances.

Compensation: Legal fees can vary but typically range from $500 to $1,500, depending on the complexity of the transaction and the lawyer's experience. This fee is paid by the buyer and is part of the closing costs.

5. Condominium Document Reviewer (If Applicable)

Role: When purchasing a condominium, it's crucial to review the corporation's documents, including bylaws, financial statements, reserve fund studies, and meeting minutes. A professional condo document reviewer analyzes these documents to assess the building's financial health and any potential issues.

Compensation: Fees for condo document reviews typically range from $300 to $500, depending on the service provider and the depth of the review. This fee is paid by the buyer. Your Realtor is mandated not to provide the Condominium Document Review report. This process is conducted by a licensed third party to ensure an impartial review.

Importance of Condo Document Review:

• Financial Health: Ensures the condominium corporation has adequate funds for maintenance and repairs.

• Bylaws and Rules: Helps you understand any restrictions or obligations as an owner.

• Potential Issues: Identifies any ongoing disputes, pending lawsuits, or special assessments that could affect you.

Closing Costs

In addition to the fees mentioned above, be prepared for other closing costs, which can include:

• Land Transfer Taxes: Varies by province and municipality - chat with your Realtor for specific information.

• Title Insurance: Protects against potential title issues; costs typically range from $200 to $400. This is handled by the seller and may be offered in lieu of a Real Property Report (we’ll get into the nitty gritty in a future newsletter). 

• Adjustments: Reimbursements to the seller for prepaid expenses, such as property taxes or utilities.

Overall, closing costs can amount to approximately 1.5% to 4% of the home's purchase price depending on the specific property and the complexity of the transaction.

Final Thoughts

Purchasing your first home involves collaboration with various professionals, each playing a vital role in ensuring a smooth transaction. Understanding their functions and compensation structures helps you navigate the process confidently. Always communicate openly with your team, ask questions, and ensure you fully comprehend each step before proceeding.

FAQ

Q: Do I need to hire all these professionals when buying my first home?

A: While it's possible to handle some aspects independently, engaging these professionals ensures that each part of the transaction is handled expertly, reducing risks and providing peace of mind. It’s Mike’s opinion that you should never purchase a property without an inspection, and the value of a qualified and knowledgeable lawyer can not be understated.

Q: What professionals do I need to hire to buy my first home in Edmonton?

You’ll typically work with the following professionals:

• Real estate agent – Helps you find and buy the right home.

• Mortgage broker or lender – Secures financing for your purchase.

• Home inspector – Assesses the condition of the home.

• Real estate lawyer – Handles legal paperwork, title transfer, and closing.

• Condo document reviewer – If buying a condo, they review the building's financial and legal documents.

Each professional plays a specific role to protect your investment and guide you through the home-buying process.

Do I pay my real estate agent as a first-time buyer in Edmonton?

No. In Alberta, the seller usually pays the real estate commission, which is then split between the seller’s agent and the buyer’s agent. You benefit from your agent’s expertise without paying them out of pocket.

How are mortgage brokers paid in Alberta?

Mortgage brokers are typically paid a commission by the lender once your mortgage is finalized. This means their services are usually free to you as the buyer. However, always ask up front if any broker fees apply in your case.

What does a home inspection cost in Edmonton?

A standard home inspection in Edmonton costs between $500 and $800, depending on the size, age, and type of property. This is a one-time fee paid by the buyer and is due at the time of inspection.

Is a home inspection required to buy a home?

A home inspection is not legally required, but it is highly recommended every time - whether you’re buying a new home or a resale property. It can uncover costly issues that aren’t visible during showings and help you negotiate repairs or walk away from a bad deal.

When do I hire a real estate lawyer in Edmonton?

You’ll usually hire a real estate lawyer after your offer is accepted. They handle:

• Title searches and title insurance

• Reviewing the purchase agreement

• Registering the property in your name

• Managing the transfer of funds on closing day

Legal fees typically range from $500 to $1,500, depending on the transaction. Mike will be happy to provide you the names of qualified and highly-reviewed lawyers that he’s worked with personally.

Do I need a lawyer to buy a condo in Edmonton?

Yes, and if you're buying a condo, it's also recommended that you hire a professional condominium document reviewer. They'll check:

• The financial health of the condo corporation

• Reserve fund studies

• Special assessments or legal disputes

• Bylaws that might affect your lifestyle (e.g., pet or rental restrictions)

Review fees are usually around $300 to $500, and you, as the buyer, pay this.

What are closing costs for a first-time buyer in Edmonton?

Closing costs in Edmonton typically include:

• Legal fees: $500–$1,500

• Home inspection: $300–$500

• Title and mortgage registration fees: Around $820 for a $400,000 home with a $320,000 mortgage

• Title insurance: $200–$400 (optional but recommended)

• Condo document review (if applicable): $300–$500

Altogether, budget 1.5% to 4% of the home price for closing costs.

Does Edmonton have a land transfer tax?

No. Alberta does not charge a land transfer tax, unlike Ontario or BC. Instead, buyers pay Land Title Transfer Fees and Mortgage Registration Fees, which are typically much lower.

For example, on a $400,000 home with a $320,000 mortgage, your fees would total around $820.

Do I need mortgage pre-approval before house hunting?

Yes, it’s strongly recommended. A mortgage pre-approval:

• Shows sellers you’re serious

• Helps you set a realistic price range

• Locks in an interest rate for up to 120 days (in many cases)

What happens on closing day?

On closing day, your lawyer:

• Confirms all legal documents are complete

• Transfers the purchase funds to the seller’s lawyer

• Registers you as the new legal owner of the home

You’ll receive the keys once everything is finalized—usually by late afternoon.

Thanks for taking the time to review this information! I’d love to connect with you. Reach out via text at (780) 232-2064 or email mike@pabianrealty.ca.

Spring has officially sprung in Edmonton, and so has the real estate market! The latest stats from the REALTORS® Association of Edmonton show we're entering a season full of opportunity—for first-time buyers looking to plant roots and for sellers ready to cash in on strong demand.

Here’s a breakdown of what’s happening right now, what it means for you, and how to navigate it with confidence.

March Market Highlights (Based on March 2025 Data)

• 📈 Residential Sales:
  The Greater Edmonton Area saw 2,494 homes sold in March, a 36.9% jump from February and a 1.3% increase from March of last year. This shows growing momentum as we transition into the busier spring months.

• 🏡 New Listings:
  3,780 new residential listings hit the market—44.5% more than February. Inventory is building, up 16.6% from February, which gives buyers more choice and reduces competition slightly compared to last year.

• 💰 Average Home Prices:

  • All residential properties: $460,685 (up 2.5% month-over-month, up 9.3% year-over-year)

  • Detached homes: $574,872 (up 1.2% from February and 11.2% from March 2024)

  • Semi-detached homes: $430,646 (up 2.3% from February and 5.3% from March 2024)

  • Row/townhouses: $314,791 (up 4.6% from February and 11.3% from March 2024)

  • Apartment condominiums: $218,052 (up 1.4% from February and 12.2% from March 2024

• ⏳ Days on Market:
  Homes are selling faster, with an average of 30 days on market, down 9 days from February 2025 for single-detached properties.

What This Means for First-Time Buyers

If you're thinking of buying your first home in 2025, there’s good news—inventory is growing, giving you more selection and a bit more breathing room when house-hunting.

But don’t wait too long! With prices rising and competition likely to heat up through the spring and summer, getting pre-approved and having a solid plan is key. Here’s what you can do to stay ahead:

• Get pre-approved for your mortgage: This shows sellers you're serious and helps you set a clear budget.

• Work with a local REALTOR® (like me!): I can help you find the right home anywhere in the Greater Edmonton Area.

• Be ready to move fast: With popular homes selling quicker and prices ticking up, being prepared is your best advantage.

What This Means for Sellers

If you’re thinking of selling this spring, you’re in a strong position. Rising prices and increasing buyer demand mean there’s an excellent opportunity to make a move—especially if you’ve owned your home for several years.

Here’s how to make the most of the market:

• Prep your home: Clean, declutter, and make minor updates to boost curb appeal.

• Price strategically: Even in a hot market, overpricing can scare off buyers. I offer free home evaluations to help you hit the sweet spot.

• Market like a pro: With professional photos, drone video, and online exposure, we’ll make sure your listing stands out.

FAQ: Edmonton Real Estate in Spring 2025

❓ Is now a good time to buy my first home in Edmonton?

Absolutely. More listings mean better choices, and interest rates are still relatively favorable. Just be aware that demand is growing, so working with a REALTOR® to act fast is key.

❓ Are prices expected to keep rising?

Likely, yes. We’ve seen consistent year-over-year growth in average prices. As we head deeper into spring, more buyers will enter the market, which can push prices higher—especially in popular west-end communities like Edgemont and The Hamptons.

❓ How can I make my offer stand out in a competitive market?

Here are a few pro tips:

• Get pre-approved (not just pre-qualified)

• Keep your conditions reasonable and timelines tight

• Include a personal letter—especially if you’re a first-time buyer looking to build your future

❓ What should I know if I’m planning to sell this spring?

You’re entering a great market for sellers, especially for detached homes and townhouses. If you want to maximize your return:

• Start prepping now

• Consider timing your listing before May (when competition increases)

• Book a free market evaluation and staging consultation with me

Let’s Make Your Move This Spring

Whether you're buying your first home or getting ready to list, the Edmonton market is full of opportunity right now. With growing inventory, rising values, and strong demand, it's a great time to take that next step—especially with the right local guide by your side.

📲 Ready to chat? Reach out anytime at PabianRealty.ca, or send me a DM on Instagram @pabianrealty. You can also call or text (780) 232-2064.