Do I pay GST when buying a vacant lot in Beaumont, Alberta?

It depends on who's selling. If the seller is a private individual (not a builder or developer), GST typically doesn't apply. If the lot is being sold by a builder or developer, GST usually does apply. Always confirm this in writing before you offer - it can affect your final price by tens of thousands of dollars.

How much is my home worth in Edmonton right now?

Home values depend on recent sales in your specific neighbourhood, not city-wide averages - a home in Sherwood Park won't price the same way as one in Beaumont, even a few kilometres apart. The most accurate number comes from a Comparative Market Analysis (CMA) based on homes that sold in the last 60-90 days near you. I provide these free, with no obligation.

How long does it take to sell a home in Edmonton right now?

It depends on price point and neighbourhood, but most well-priced homes in Edmonton and Sherwood Park are selling within 30-45 days in today's market. Overpriced homes sit longer and often sell for less than if they'd been priced right from day one. I can tell you exactly what's happening in your specific area with a quick market check.

What's the difference between a Real Property Report and Estoppel Certificate?

A Real Property Report (RPR) applies to conventional properties and shows the physical layout of the land and buildings. An Estoppel Certificate applies to condos (including bareland condos) and confirms condo fees, reserve fund status, and any pending special assessments. Buyers need the right one for their property type - using the wrong document can delay or derail closing.

How to Price Your Edmonton Home in a Slower Market

Posted on Oct 21, 2026 in Market Update

If you’re thinking about selling this fall, you’ve probably heard the market has cooled which is true. A slower market doesn’t mean your home won’t sell, though. It means pricing matters more than it did a year ago. Here are the questions sellers ask me most, with straight answers.What’s actually happening in the Edmonton market right now?According to the REALTORS® Association of Edmonton (RAE), the Greater Edmonton Area had 1,959 home sales in September 2026. That’s 8.8% fewer than in August and 10.3% fewer than in September 2025. In August, there were 15.1% more homes for sale than the year before, which means buyers have more choice than they did a year ago.Have home prices dropped?A little, but not dramatically. The RAE benchmark price was $423,100 in September, down 0.9% from August and 0.3% from a year ago. The benchmark price tracks a typical home, so it gives a clearer picture than an average price that can swing when a few expensive homes sell.Why does pricing matter more when the market slows?When buyers have more homes to choose from, they compare everything. A home priced above similar homes nearby gets skipped for the better value down the street. In a busy market a buyer might stretch for your home, but in a slower market they simply move on to the next listing.What happens if I price too high and lower it later?Your first two weeks on the market bring the most buyer attention because your home is new to everyone searching. If the price is too high during that window, buyers pass and many won’t come back to look again. When you lower the price later, your listing has been sitting a while and buyers start to wonder what’s wrong with it.How do I know what my home is worth?The best guide is what similar homes nearby have sold for in the last few months, not what your neighbours are asking. A REALTOR® pulls those sales and adjusts for differences like size, condition, upgrades and lot. Online estimates are a fair starting point, but they can’t see your renovations, your layout or the condition inside your home.Should I price low to start a bidding war?That strategy works best when buyers are competing hard, which isn’t what Edmonton is seeing right now. With more homes for sale, a low price may simply bring in one offer at that low price. A fair price based on recent sales is the safer approach because it draws serious buyers without leaving money on the table.What can I do besides pricing to stand out?Buyers in a slower market notice condition, so small fixes like fresh paint, repaired trim and a deep clean go a long way. Professional photos matter because most buyers see your home online before they ever book a showing. Being flexible on showing times and your possession date also makes your home easier to choose. I can not stress how much good pictures matter. Is a slower market bad news for sellers?Not necessarily. Many sellers are also buyers, so if you’re moving within the Edmonton area you’ll have more homes to choose from on your next purchase. What you give up on the sale side, you may gain back on the buying side.The Bottom LineA slower market rewards sellers who price based on facts instead of hopes. If you’re thinking about selling, start with a clear look at what similar homes near you have actually sold for. I’m happy to put that together for you.Thinking about buying or selling? Book a free 15-minute call. No pressure, just honest answers.Brenda Patton, REALTOR®
Homes & Gardens Real Estate Limited
780-297-8437
brendarpatton.comSource: REALTORS® Association of Edmonton, August and September 2026 market reports.

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