Edmonton Market Update March 2019


Dear Friends,

The days are getting longer and the promise of spring to come is almost tangible. This is the time people start emerging from their cocoons of winter and start making plans for when the weather improves.

If your plans include house hunting, look no further.

2019 is firmly underway and some of the trends for the year are emerging. When it comes to house designs, there are a few things that stand out in terms of what homebuyers are looking for. Checkout our photo feature for some of the smart home products featured at CES 2019.

In addition, we’ve also included an update on recent developments in the local real estate market and the latest infographic market reports in our monthly newsletter.

And of course, if you need ideas of what to do around this city this month – look no further than our event list full of free and fun activities.

If you, your friends or family are looking to buy or sell real estate please keep me in mind. I am happy to answer any questions and look forward to guiding you on housing search.
 
Platinum Team
Ph: (780) 271-8326
Email: Sales@PlatinumTeam.ca
Web: www.PlatinumTeam.ca
 
 
 
 
 
 
 
Daylight Savings Day (March 10)
Don’t forget to put your clocks ahead!
Swing into Spring: Witches Market (March 9)

The Original Witches Market brings in spring with more than 40 vendors selling everything from
herbs to soul stones.
Floral Education Week (March 11 – 15)
Florists come together for a week of information sessions all about plants, aimed at anyone
looking to start a career in the industry or simply learn more about flowers.
Edmonton Boat and Sportsmen’s Show (March 14 – 17)
The show covers all aspects of outdoor life from boating and off-roading to hiking and fishing.
Annual Interfaith Symposium (March 14)
A ladies-only event that brings women together for an interfaith dialogue focused on peace
and respect.
Spring Craft Retreat (March 15- 16)
A workshop to learn all about creation and craft-making.
Western Canada Fashion Week (March 20 – 24)
Five nights of runway shows and fashion extravaganza, for big names and new talent alike.
 
 
 
 
 

Home designs, though more permanent than the fast fashion of catwalks, still follow the ebbs and

flows of trends.

What homebuyers look for and want in a home is partially dependent on what is popular and trending

at the time of purchase. Gone are the days of orange carpets, patterned curtains, and burgundy

furniture of our parents’ generation.

Currently, the latest home trends reflect a shift in society due to land shortages, home prices, and the

economy. Going smaller has become more popular, with an emphasis on sustainability and affordability,

without forgoing comfort.


Here are some of the top trends right now.

1. Light and airy
Natural light has physical and mental benefits — and home buyers know that. People want to feel

more connected to the outdoors and so look for more windows, screened porches and better access

to the views outside.

 
2. Technology for greater convenience
Society’s gadgets and technology has increased at an outstanding rate. Things that used to be
part of a futurist dream — like robotic house-helpers  — are now part of a reality.  Homebuyers
are starting to expect things like smart fridges and smart alarm systems in their homes the sake
of convenience. The technology exists, so why not?
 
 

3. Big tubs and remodelled bathrooms
Bathroom renovations are huge right now. No one wants a dingy, dark hole-in-the-wall bathroom

and, instead, there’s a growing emphasis on a more spa-like experience.

Overhead showers, particularly square-shaped ones, are making a come back. But the biggest

surprise is the demand for big, free-standing tubs: Homebuyers wants a little corner of luxury in

their home.


 

4. Colours and motifs
Grey is the least popular colour currently — colours set the tone of the room and keep things feeling

fresh. Trending colours right now include different tons of green and wood details.



5. Sustainability and green-minded
Things like solar panels, charging ports for electric cars and water-runoff systems are spiking in

demand. It’s popular across the board, both for the environmentally conscious and those looking

to save money long-term.

 
 
 
 
 
 
 

 

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