Market Update - Inventory beginning to stabilize while prices still rise



Dear Friends,

Summer is just around the corner and we are gearing up to enjoy the short season that brings outdoor festivals and events, family vacations and BBQs and fun in the backyard.  This year, you might want less time mowing the lawn and more time to spend with the family.  Check our article on the new trend of artificial grass. We’ve also provided you with a list of things to do and see to explore the Cowboy and Rodeo heritage of our province.


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

The Platinum Team
RE/MAX River City
Ph: (780) 271-TEAM (8326)

Shane Parent RE/MAX River City 780-271-7709

Homeless for a Night – Friday, June 12th – Saturday, June 13th
2015 Edmonton Festival of Quilts – Saturday, June 13th – Sunday, June 14th
Edmonton River Valley Offroad Triathlon & Duathlon – Saturday, June 20th
DARK MATTERS – Thursday, June 18th
Safeway Father’s Day Walk/Run – Sunday, June 21st
TRi KiDS Triathlon Series – Sunday, June 28th
Edmonton's 2nd Annual Superhero 5KM Fun Run & Walk – Sunday, June 28th
Photo credit:


This summer, consider planning a cowboy vacation. Start by visiting the Central Alberta Rodeo Association, which has dates for a host of small town rodeos in the area.

Live the Cowboy Life

Next find a guest ranch where we you can easily slip into the western lifestyle. Learn how to hitch up a team of horses to pull a wagon - and how to saddle a horse, not just how to get up on one.  Help move cattle to a high pasture and learned how to rope a steer.

Calgary Stampede - Dubbed as the Greatest Outdoor Show on Earth, and rightly so! The Calgary Stampede is a 10-day event that includes rodeo shows, concerts, and food festival that will satisfy your inner cowboy.

Red Lodge Guest Ranch Everyone is a hired hand here. Help move cattle and help with chores.  Stay in your own sleeping cabins – even the kids.

Ride the Wind Ranch. It was easy to while away the day swimming at Crimson Lake and teaching the kids to fish at nearby Twin Lakes. Learn to be trappers and fur traders at Rocky Mountain House National Historic Site.

Myown River Ranch. Time it just right and the Sundre Pro Rodeo is nearby, or perhaps the Bowden Daze rodeo later on. Tucked away in the foothills, bungalow’s are next to the Red Deer River. There are trails to explore on horseback, canoes to paddle, horseshoes to play and tales to share by firelight or in the hot tub under the stars.
Not long ago, in 2008, the mortgage rate in Calgary was 5.39%. This year, we have consistently seen posted rates under 3%. The low rates offer significant opportunities for buyers and sellers alike, but to take advantage of the trend, learn to evaluate your financing options.

Taking advantage of the lowest rates possible allows you to make real strides on interest payments. But if your mortgage is short-term and a variable rate, there is a possibility it could change with the market.

If you are looking to reside in a home for a while or invest in a long-term rental holding property, some lenders offer up to a 10-year fixed rate.  Fixed rates are generally higher than variable, but can minimize uncertainty and the risk of higher interest and payments in the future.

Refinancing an existing mortgage to a lower rate might also help you save. However, you are liable to pay penalties and administrative costs for breaking your mortgage.

A mortgage consultant can assess the specific needs of your situation and guide you in choosing the financing plan that will fit you best.


Artificial grass has been used in warmer climates for some time, but it’s also become more popular in Canada as an alternative to a natural lawn. The jury is still out as to which is best, and there are definitely pros and cons on both sides of the fence.

Natural Grass
Benefits:  There’s nothing like the lush, organic feeling of natural grass under your feet.  It’s affordable to install, and with maintenance, it can last a lifetime.

Things to consider:
Maintenance – A lot of time and effort is needed to cut, water and maintain the lawn.  It’s difficult to keep it looking good all year round.
Environmental Impact – Tons of water are used every day to get that ”green” look.  Harmful pesticides used also wash away into the water system.
Expense – Sod may be cheaper to install ($1-$2/ yard), but the monthly water bill is much higher than artificial turf.

Artificial Grass
Benefits:   Today’s artificial grass is like a carpet for your yard. The turf looks great all year round with virtually no maintenance, no water and no monthly cost.

Things to consider:
Expense: Artificial turf is very expensive to install.  Anywhere from $4-$9/ sq. ft, a small 500 sq ft area can cost upwards of $4500.
Environmental impact – Although it doesn’t need the water and pesticides and has a lifespan of 15-25 years, artificial grass is synthetic and does eventually end up in the landfill.
Animal waste – The turf can be watered and liquids pass through, but there are mixed reviews on how well Fido’s business washes away.

Whichever you prefer, you will start noticing artificial grass in more residential and public spaces. Artificial turf is being used in dog runs, playgrounds, on boats, trade show booths and golf courses.  Toronto is even installing artificial turf on its medians. It looks like it is here to stay.

Fabulous Fire-Pit Designs


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Shane Parent RE/MAX River City 780-271-7709

We want to send a special thank you to Chantelle & Gary Minelli and also Natasha Nun for their recent referrals. Our business depends on people like you and it is very much appreciated!



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




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