Comments for Condos & Townhomes - The Edmonton Condo Blog http://www.edmontoncondoblog.com All about condos in Edmonton, Alberta, Canada. Written by REALTOR, Nathan Mol Fri, 05 Mar 2010 14:35:29 +0000 http://wordpress.org/?v=2.6.3 Comment on The Battle of Edmonton Condos: New or Remodeled? by SonicDude http://www.edmontoncondoblog.com/2009/04/29/the-battle-of-edmonton-condos-new-or-remodeled/%#comment-751 SonicDude Mon, 20 Jul 2009 05:50:50 +0000 http://www.edmontoncondoblog.com/?p=110#comment-751 I am not sure if this article was created by Sheldon. I find your Blog site very informative by the way. My wife and I have a great luxury condo in southwest Edmonton in The Chateaux at Whitemud Ridge and we were curious what you think the average price per sq ft would be for condos in this area or complex. Consider we are on top 4th floor, North Facing (excellent view of Edmonton downtown and we can even see the Yellowhead highway from 23rd avenue which is cool). Considering our high end/luxury complex was built in 2005 I used a more realistic market value number of $350 per square foot which puts us at $406,350. I would appreciate any thoughts on this topic? I am not sure if this article was created by Sheldon. I find your Blog site very informative by the way. My wife and I have a great luxury condo in southwest Edmonton in The Chateaux at Whitemud Ridge and we were curious what you think the average price per sq ft would be for condos in this area or complex. Consider we are on top 4th floor, North Facing (excellent view of Edmonton downtown and we can even see the Yellowhead highway from 23rd avenue which is cool). Considering our high end/luxury complex was built in 2005 I used a more realistic market value number of $350 per square foot which puts us at $406,350. I would appreciate any thoughts on this topic?

]]> Comment on Thoughts on Edmonton’s Economy by PropertyPupil http://www.edmontoncondoblog.com/2009/02/13/thoughts-on-edmontons-economy/%#comment-174 PropertyPupil Wed, 25 Mar 2009 19:46:12 +0000 http://www.edmontoncondoblog.com/?p=107#comment-174 Hi Nathan, please help! I am in desperate need of your advice! Here is a quote from today's news: "In Alberta, 23,300 people were receiving regular EI benefits in January, up 10.5 per cent from December. British Columbia had 56,100 beneficiaries, up 9 per cent and Ontario had 181,500, a 6.2 per cent increase." Source: http://www.thestar.com/News/Canada/article/607802 Does this mean that Alberta's employment trend is actually worse than other Provinces? This greatly concerns me, because up until now I have been banking on the expert advice given in your previous post that, "Although personal bankruptcy is a terrible experience...my opinion is that employment has a much more significant and widespread impact on an area’s economy." Does this mean that all Edmonton properties might actually decline in price? I mean, every REALTOR worth their price in gold knows that crap is crap, and doesn't sell (regardless of price). But today's news has me worried that the Edmonton properties I have considered as "not crap", due to various extraneous factors, might actually not be immune to this global recession after all, and might fall in price along with the rest of the global real estate market! Can you please help me out and provide your expert analysis on this? Right now I am very worried my previous analysis may have been wrong somehow! What am I missing here? Hi Nathan, please help! I am in desperate need of your advice!

Here is a quote from today’s news:

“In Alberta, 23,300 people were receiving regular EI benefits in January, up 10.5 per cent from December. British Columbia had 56,100 beneficiaries, up 9 per cent and Ontario had 181,500, a 6.2 per cent increase.”
Source: http://www.thestar.com/News/Canada/article/607802

Does this mean that Alberta’s employment trend is actually worse than other Provinces?

This greatly concerns me, because up until now I have been banking on the expert advice given in your previous post that, “Although personal bankruptcy is a terrible experience…my opinion is that employment has a much more significant and widespread impact on an area’s economy.”

Does this mean that all Edmonton properties might actually decline in price?

I mean, every REALTOR worth their price in gold knows that crap is crap, and doesn’t sell (regardless of price).

But today’s news has me worried that the Edmonton properties I have considered as “not crap”, due to various extraneous factors, might actually not be immune to this global recession after all, and might fall in price along with the rest of the global real estate market!

Can you please help me out and provide your expert analysis on this?

Right now I am very worried my previous analysis may have been wrong somehow! What am I missing here?

]]> Comment on Thoughts on Edmonton’s Economy by M http://www.edmontoncondoblog.com/2009/02/13/thoughts-on-edmontons-economy/%#comment-156 M Fri, 06 Mar 2009 18:40:55 +0000 http://www.edmontoncondoblog.com/?p=107#comment-156 Grear article, hope this 2009 get better! Grear article, hope this 2009 get better!

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