July's Edmonton Market Report

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Dear Friends,

School is finally out and the long days of summer are upon us. The season is short and so the calendar is jammed packed with festivities galore throughout the city. Check out our eclectic guide to some of the hottest, upbeat and unique festivals in some of our city’s greatest parks and venues. While you’re enjoying the season, we invite you to consider a few budgeting tips when buying a home and to keep an eye on the latest local market trends by downloading our monthly reports below.

If you, your friends or family are looking to buy or sell real estate please keep us in mind. Your referral is the best compliment we can receive.

The Platinum Team
RE/MAX River City
Ph: (780) 271-TEAM (8326)
Web: www.PlatinumTeam.ca

Summer Festivals
Edmonton Klondike 2015
Image Source - http://k-days.com

K Days July 17th – 26th, 2015

Enjoyed by thousands of people, K Days is 10 days of parades, concerts, food, and fun. In the heat of the summer, the grounds at Northlands are transformed into an arena of endless games and rides, entertainment and concerts, shopping, food and family activities.  Here’s a list of must-do’s to experience the essence of K-Days:

Schedule of Events

The Parade kicks things off at 10 a.m. on July 18. There will also be a mini parade in the midway from July 22 to 26 at 4:30 and 7:30 p.m.

The Koodonation Stage has some of North America's premiere musical and variety acts. In the day entertainers, like hypnotists, mentalists and tribute acts will warm up the crowd for the night stage.  Koodonation Stage Lineup

The TELUS Stage has the best in local live and community entertainment. Full of rhythm, dance and cultural diversity.  TELUS Stage

Kids Town is a place where visitors are encouraged to take an active part in the community and work in the Construction Zone, Post & Doctor’s Offices, while in the city and learn the true meaning of ‘From Farm to Fork’ while at the ranch. 

Klondike Park takes you back to the days of the Klondike Gold Rush and Northlands Park has thoroughbred racing and its Casino providing thrills.

South Stage Concerts
Headstones July 17, 2015
Theory of a Deadman July 19, 2015
Trooper July 21, 2015
Presidents of the Untied States of America July 25, 2015
Lindsay Ell July 26, 2015
Mackenzie Porter July 26, 2015

K Days Official Website
Edmonton Festival
Image Source - http://www.edmontonfolkfest.org/media

Edmonton’s Summer Festival Scene rivals any other, with performers and artists embarking on our city each year to put on a great time.  It wouldn’t be summer without checking out at least a couple of the events, and the sights, sounds and culinary adventures they have to offer.

Edmonton Folk Music Festival, Aug 6 – 9, 2015
Downtown in the fantastic Gallagher Park, folk fest offers a great atmosphere, world-class music, and affordable prices. The quality of the music and the depth of the performer line-up this year does not disappoint: Alex*Cuba, Bruce Cockburn, Charles Bradley, Dehli 2 Dublin, Feist, Loreena McKennitt and Sinead o’Connor to name a few. 

International Fringe Theatre Festival, Aug 13 -23, 2015
North America’s largest and longest-running Fringe Festival, this year’s 34th festival theme SupercaliFRINGEilistic! features enchanting performers, buskers, artisans and vendors that will mesmerize the outdoor crowd while over 1,600 live indoor theatre performances will be hosted by 50 venues or more!

Edmonton Rock Music Festival August 14 - 15, 2015
Get ready to rock and roll Edmonton! This year’s line –up includes some legendary greats including the Stampeders, Punch Drunk Cabaret, Ray Sawyer of Dr. Hook fame Pat Benetar. Head down to the Heritage Amphitheatre in Hawrelak Park to enjoy the rockers, food vendors and beer gardens.

The Edmonton Blues Festival Aug 21st – Aug 23rd
This year’s festival brings some great acts to the Heritage Amphitheatre - an excellent venue to enjoy some great jammin’ and soak up the party atmosphere. Newcomers, legends, award winners will fill the stage for a weekend full of soul.  Canned Heat headlines this year’s line-up. 

The Servus Heritage Festival Aug 2nd – 4th
This year marks the 40th annual showcase of Canada’s vibrant multicultural heritage. Located at Hawrelak Park. Sixty pavilions representing more than 85 cultures from around the world will showcase culinary delicacies, performances, artwork, and clothing, reflecting cultures and their present-day communities.
Home Buying Costs
There are many costs associated with buying your first home or your dream home. There are upfront costs and ongoing costs that you need to consider when planning your home-buying budget.

Upfront costs may include:

- Down Payment – This needs to be ready at time of purchase and its source to be verifiable by the bank.
- Initial and Additional Deposits - This is part of your down payment and has to be accessible when you're placing an offer on a property.
- Home Inspection - Costs of a home inspection runs from $350 to $550 on average, but it can go up to $1500 for larger homes, acreages, and specialty houses.
- Condominium document reviews - When buying condo, having an independent professional to review your documents is really important. Costs vary from $350 to $550.
- Appraisal fees - This cost may be paid by the lender or bank, but in some cases you have to pay the cost again. Costs are between $250 and $550 and up for specialty homes.
- Mortgage Insurance fees - CMHC & Genworth fees are for mortgages with downpayments less 20%. This fee is added to your mortgage. You broker will advise you on the amount.
- Legal fees and disbursement - Legal fees vary from $1,200 to $1,500 and more. Fees are based on the price of the home and the size of your mortgage.
- Moving Costs - This is a hard one to estimate. It can range from a few hundred dollars by just renting a U-Haul to a few thousands by hiring professional movers.

Ongoing costs may include:

- Your Mortgage Payments - This can be in monthly, bi-weekly or weekly terms. The more frequent your payment is, the faster you are paying off your mortgage.
- Home insurance - Home insurance is based on the size of the house and several other factors.

Other regular fees include Property Taxes, Condo Fees, Utilities, Repairs and Maintenance.

Cool Hot Tubs for Summer Fun

Hot Tubs

Welcome to the Platinum Team, Ken!!!

We are extremely excited to welcome Ken Dumas as the newest addition to the Platinum Team!

Ken is a firm believer that a big part of what makes the purchase or sale of a home a “success”, is the ability of the agent to see and understand the situation from the perspective of the client – to be empathetic.

After gaining a firm grasp of what is most important to you, he can then most effectively protect, represent, and deliver on those matters of importance. A promise made is a promise kept.

Years of collective experience in the retail sales management, commercial building material sales, and residential construction sectors respectively, have instilled in him a high standard of service excellence, and a broad base of related knowledge to serve his clients better.

A strong, long- lasting relationship built on a foundation of trust is the outcome Ken strives for from every transaction.

Outside of the office and doing business, Ken enjoys time outdoors with his family hiking, swimming and camping, while also spending time with various community groups and initiatives to improve and contribute to the city in which he lives and loves.

Welcome, Ken! We are ecstatic to have you join the team!



We would like to thank Vikki Weircinski and Jim Johansson for their recent referrals and once again, Melissa Hutchings for introducing us to yet another happy Platinum Team client!


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2852 Calgary Trail, Edmonton, AB, Alberta, T6J 6V7, Canada


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