Ryan Dutka Team's Blog

Glossary of Real Estate Terms

AMORTIZATION
The number of years it takes to repay the entire amount of a mortgage.

APPRAISAL
An estimate of a property's market value, used by lenders in determining the amount of the mortgage.

APPRECIATION
The increase of a property's value over time.

APPROVED LENDER
A lending institution authorized by the Government of Canada to make loans under the terms of the National Housing Act. Only Approved Lenders can negotiate mortgages that require mortgage insurance.

ASSESSMENT
The value of a property, set by the local municipality, for the purposes of calculating property tax.

ASSUMABLE MORTGAGE
A mortgage held on a property by the seller that can be taken over by the buyer, who then accepts responsibility for making the mortgage

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Moving with Children in Edmonton

Moving can be difficult for both children and parents. While the challenge for parents is more in the workload and making all the necessary arrangements, for the kids it’s more simply about the distress that comes from moving away from the familiarity and comfort of their home and all that comes along with it. Edmonton is an increasingly popular destination for young families these days, and there are plenty of Edmonton homes for sale.

Experts suggest it takes 6 months on average for children to acclimate to life in a new home, and there’s plenty you can do to both make moving less traumatic for your children AND smooth their transition into the new home.

The first tip is to inform them of the coming move WELL in advance. At least one month

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 Student Housing in Edmonton

The current school year is winding down, but as is always the case it will seem like no time at all before Labour Day is here and another school year is about to begin. Homes near the University of Alberta are just a part of the Edmonton real estate picture, but if you’re a student who doesn’t live at home OR in residence at the school then you should start looking for student housing in Edmonton sooner rather than later.

The neighbourhoods of McKernan, Parkallen, Pleasantview, Queen Alexandra, Walterdale, Mayfair, Strathcona, Windsor Park, Ritchie, Hazeldean, Argyll, and Mill Creek Ravine are all ones that are good choices for homes near the University of Alberta, but like any urban area it’s competitive to find affordable, quality student

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Winter always arrives emphatically in Edmonton, but eventually the old man runs out of steam and Spring squeezes him off the stage. We’re there now, and warmer and longer days are on the immediate horizon! There’s plenty of Edmonton events going on in the city during April and May, and part of the appeal of the changing seasons at this time of the year is getting out and enjoying everything that’s going on.

So without further adieu let’s have a look at what’s going on in Edmonton in the coming weeks, and if there’s anything listed here that piques your interest then we encourage you to get out and attend them.

April 16th - 30th: Edmonton Kiwanis Music Festival

Calling all Edmonton live music fans!

Motivation does wonders for great

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What Can $1m Buy You on the Edmonton Real Estate Market?

Are you looking to buy a home or condo in Edmonton? Not sure how far your budget can stretch? In many cities across Canada, $1 million is a robust budget that can buy a whole lot of house. This is especially true in Edmonton, where many prices are lower than the rest of the country and the value is high. 

So what can you get for $1 million in Edmonton? Let’s take a closer look: 

What is the Average Price? 

In Edmonton, the average price for a home is climbing. Although it’s a slow climb, we’re seeing a slight increase over last year and it’s expected to continue. The average price for a two-story home in Edmonton is $449,234, which is lower than the Canadian average of $748,049. 

Knowing this, let’s take a look at some of the details for

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Best Blogs in Edmonton

Blogs are a great way for Edmontonians to get their information. More casual than your average news site with niche topics that appeal to your unique tastes and interests, most people could name at least one or two blogs they like to follow. Also, bloggers tend to become our “internet friends” that we can trust for a great recommendation or honest review. 

When it comes to the top Edmonton blogs, here are a few of the best ones you should check out (besides this one!) 

Explore Edmonton 

This is the quintessential blog for all things fun in Edmonton. Covering past events and promoting upcoming events, Explore Edmonton is the best place to get all your news for what’s going on in the city. It’s the perfect resource for planning a date or

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5 Tips For Making Your Edmonton Home More Eco-Friendly

Edmonton homeowners are always looking for ways to make their homes more eco-friendly. Going green has serious benefits. Not only could you save money on utilities, but you could also reduce your carbon footprint, waste less, and enjoy that wonderful tingling feeling when you do something good for someone else. In this case, the “someone else” is Mother Nature.

Here are 5 tips for making your Edmonton home more eco-friendly:

1 – Invest in a New Furnace or AC Unit

 Ever hear the saying, “you have to spend money to make money?” That rings true when it comes to your HVAC systems. Modern furnaces, heaters, and air conditioners are high-efficiency units that use less fuel and produce more energy. Using less fuel means you’re spending less on your

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Smart Grid is a money saver for the city and a way you can get Utilities to pay you. Soon we will be able to measure the overall energy use of your home by the second and by the penny even on a per appliance basis. It may even be possible to hook a home up with its own smart grid which will make reducing energy consumption more effective by storing saved energy as a commodity which can be used at peak times, or sold back to the utility company.

In 2010 EPCOR filed their (smart grid) design and architecture with the Alberta Utilities Commission to put this in place. As of June 2017, the smart grid is up and running! This system will monitor your usage by the hour and be able to educate you on when the peak times are so you can change your usage habits.

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If you have ever been a landlord, are currently a landlord, or are thinking about Edmonton investment properties for sale, you'll be glad you reviewed our latest tips and tricks of the trade! Some people think owning a rental property is all about finding a good condo or house in an area that renters will love. This is just the beginning! You have to interview tenants, create contracts, monitor your property, be on call for property repairs, and evict tenants if needed. Of course, the pay off is that the tenant gives you enough money each month to more than cover costs and eventually help you pay off the property in its entirety. Through all the pros and cons of owning a rental property, how are you to keep your head on straight and find some

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Alberta Buyers' Market

Alberta has been hit hard over the last few years with the dramatic decrease in the price of oil. Even though many have lost their jobs, companies have scaled back on projects, and consumers have been very cautious, the housing market seems to be ready for a bit of stability. The Edmonton Journal recently reported that the expectation for housing prices in 2018 is set to decline by 1.5%. Comparable sources commented similarly on the Calgary market as well, which means a slight decrease in prices is expected for the majority of the real estate markets in the province.

Given this tidbit of information, it is a fantastic time for anyone looking to purchase a home! The economic cycle will always continue to rotate between a buyers' market and sellers'

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