Let’s be honest: buying real estate in Edmonton’s core can feel like a rollercoaster. But every once in a while, something shows up that just makes sense. No overpriced fluff, no wasted space—just solid value, prime location, and serious upside.

That’s exactly what you’ll find at Unit 1101 in The Marquis.

A Downtown Condo That Actually Checks All the Boxes

This isn’t one of those 450 sq ft shoeboxes that leaves you wondering where your furniture—and dignity—will go. With 719 square feet of living space, this 1 bedroom, 1 bathroom unit offers actual breathing room.

It’s perched on the 11th floor with west-facing views of Edmonton’s stunning River Valley—so yeah, sunsets are on the daily menu.

You get:

• New laminate flooring

• Updated bathroom

• Tons of storage

• Private balcony

• Secure underground parking

• And most importantly… low condo fees of just $520.64, including heat, water, and electricity!

It’s Not Just the Condo — It’s the Lifestyle

Step outside and you’re seconds from:

• The River Valley trail system

• LRT access

• Shops, restaurants, coffee spots

• The Legislature grounds

• All the vibes that make downtown Edmonton vibrant

Want to ditch your car? You can. Want to keep it? Underground parking is included. It’s the kind of flexibility most downtown units can’t offer.

Amenities That Make Life Easier (and Healthier)

Life at The Marquis means you don’t have to pay extra for gym memberships or wellness perks. Condo owners enjoy:

• Fitness Room

• Sauna

• Billiards room

• Laundry on every floor

• Rooftop tennis and basketball courts

Did I mention it’s a quiet, professionally managed concrete building? No creaky floors. No noisy neighbours above you. Just solid construction and smart planning.

Investor-Friendly and First-Time Buyer Gold

If you’re an investor, this one’s a no-brainer. With 20% down on a $129,900 purchase price, your initial investment is around $25,980. At an estimated 4.5% interest rate, your monthly mortgage payment would land near $575. Add $520.64 in condo fees—which already cover heat, water, and electricity—and your total carrying cost sits around $1,095/month.

With average one-bedroom rents in downtown Edmonton sitting at $1,450/month, this unit offers positive cash flow potential from day one.

You’re getting a low-risk, low-maintenance investment in a secure concrete building with strong tenant appeal—steps to the LRT, river valley, and city core. Bonus: the seller owns three additional rented units in the building and is open to selling them as a turnkey portfolio package.

Smart buy. Strong yield. Simple management.

If you’re a first-time buyer, this is your launchpad. You’re getting real space, real ownership, and real value for less than rent in most downtown one-bedrooms.

To put it into perspective:
With a 5% down payment on the $129,900 purchase price, you’d only need about $6,495 up front. With a typical interest rate of 4.5%, your estimated monthly mortgage payment would be around $710. Add in the low condo fees of $520.64—which cover heat, water, and electricity—and your total monthly cost would be approximately $1,230 all in.

That’s turnkey, maintenance-free living in a river valley view condo—for less than renting someone else’s.

⚠️ These figures are for illustration only and are not financial advice. Always consult your lender or mortgage broker for exact qualification and costs based on your personal situation.

Maintenance-Free Living That Makes You Feel Like You’ve Made It

This is what we mean when we say “Live your best maintenance-free life.” No yard work. No surprise utility bills. Just walk in, enjoy the view, and let someone else shovel the snow.

Let’s Be Real

You’re not going to find another downtown condo with this much space, this many perks, and this low of a price without serious compromises. But 1101 at The Marquis delivers—on lifestyle, value, and simplicity.

Ready to Take the Next Step?

Let’s go see it. I’ll walk you through it, answer your questions, and help you figure out if this is the right move for you.

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BOOK TOUR NOW

📲 Caitlin Heine
Iconic YEG Real Estate Team | RE/MAX
587-336-3176
🌐 www.iconicyeg.com

Rate Hikes, Bond Yields & Buying Power

If you’ve been watching mortgage rates in 2025 and wondering, “Wait… didn’t the Bank of Canada just hold rates steady? So why are mortgage rates climbing again?”—you’re not alone.

I’ve been having this conversation daily with buyers, sellers, and people just trying to make sense of what the heck is going on. So I want to break it down in plain language and share what I know—not as a mortgage broker (because I’m not one), but as a REALTOR® who pays attention to what’s happening in Edmonton real estate, and who cares about helping you make informed decisions.

What’s Happening With Rates—And Why It’s Confusing

On July 30, the Bank of Canada held its overnight rate at 2.75%. That’s the rate most people hear about on the news. It influences things like variable-rate mortgages, lines of credit, and the prime rate.

But here’s the part that often gets missed: fixed mortgage rates are not tied to the Bank of Canada’s rate. They’re tied to bond yields—specifically, the 5-year Government of Canada bond yield.

So why are fixed rates going up right now?

Because bond yields have been climbing. Investors are nervous about inflation staying sticky and are betting that rates will remain elevated longer than expected. As bond yields rise, banks raise their fixed mortgage rates to keep pace.

It’s not about panic—it’s about pricing risk.

If You Have a Rate Hold or Pre-Approval Right Now—Please Read This

If you were pre-approved in the last 2–3 months and you’re holding a rate around 4.00%, you’re in a good spot—but the clock is ticking.

Many lenders only guarantee that rate for 90–120 days, and I’ve heard from clients that extending that rate now isn’t always an option—or comes with a higher price.

That means:

• If your rate hold is expiring in the next 30 days, it’s time to get serious about your timeline.

• If rates jump to 4.5% or higher (and some already have), your monthly payment or borrowing power could shift meaningfully.

Talk to your lender or broker. Get clear on your expiry date. And make sure your approval still lines up with your goals.

Fixed vs. Variable in Late 2025: There’s Almost No Gap

Traditionally, variable rates were cheaper, and people took them to save money long-term. But right now? The difference is almost gone.

In many cases:

• Fixed rates are sitting around 4.2%–4.6%

• Variable rates are 4.0%–4.5%, depending on the lender

So what do you do?
That’s a personal decision. A good mortgage broker can help you compare scenarios, including:

• Your risk tolerance

• Your future plans (Are you staying put for 3–5 years?)

• Whether you’re okay with fluctuations in your payment

What Edmonton Buyers Should Keep in Mind

This is where I bring it home.

As a REALTOR® in Edmonton, I’m not here to tell you when the market will peak or where rates will go—but I can tell you what we’re seeing on the ground:

✅ Well-priced homes under $600K are still moving
✅ Inventory in some neighbourhoods is tight
✅ Buyers with rate holds are trying to secure something before they expire

If you’ve been sitting on the fence, hoping rates drop before you buy: just know that rate increases could reduce your buying power faster than prices fall.

For example, a half-point rate increase could shrink your mortgage qualification by $20,000–$40,000, depending on your income and debt. That might mean fewer options—or needing to compromise on location, size, or condition.

What Sellers in Edmonton Should Know

Higher rates don’t mean people stop buying. But they do mean buyers become more cautious, price-sensitive, and value-driven.

That’s why:

• Pricing matters more than ever

• Presentation and marketing matter more than ever

• Transparency around costs (condo fees, utilities, mechanicals) can help your home stand out

We’re still seeing strong results in Edmonton, especially for:

• Move-in ready homes in established neighbourhoods

• Properties with revenue potential (like suites or garden suites)

• Townhomes and duplexes with manageable condo fees or none at all

What Might Happen Next (And What I’m Watching)

I follow rate forecasts because they matter to my clients, but I don’t pretend to predict the future.

That said, most experts expect:

• One or two small rate cuts before the end of 2025

• Bond yields to soften slightly if inflation continues to cool

• Fixed rates to stabilize or potentially drop a bit by Q4

But none of that is guaranteed. And more importantly—you can’t buy a house in hindsight.

Final Thoughts

If you’re buying or selling in Edmonton, here’s my advice:

🧭 Don’t try to time the market.
📊 Know your numbers.
🔍 Ask questions (no one should ever make you feel bad for asking).
🤝 And work with people who care more about your long-term success than a quick sale.

That’s how I’ve built Iconic YEG. And if you’re thinking about making a move, I’d love to be in your corner.

Let’s make a plan—not a panic.

About Caitlin Heine – Iconic YEG | RE/MAX Real Estate

Caitlin Heine is a full-time REALTOR® and the owner of Iconic YEG | RE/MAX Real Estate in Edmonton, Alberta. Known for her warm but direct communication style, deep market knowledge, and fierce client advocacy, Caitlin helps buyers and sellers navigate the Edmonton real estate market with confidence and clarity.

With a background in marketing, leasing, and large-scale residential projects, Caitlin brings strategic pricing, high-impact marketing, and skilled negotiation to every transaction. She believes buying or selling a home should be a clear, empowering experience — never a guessing game or high-pressure sale.

Caitlin works best with clients who value straight answers, smart strategy, and a human-first approach. Whether you’re buying your first home, upgrading for more space, or selling to start your next chapter, she provides personalized guidance, data-driven advice, and a trusted partnership from start to finish.

📞 Call/Text: 587-336-3176
📧 Email: caitlin@iconicyeg.com
🌐 Website: iconicyeg.com
📍 Office: RE/MAX Real Estate, 200, 10835 124 Street NW, Edmonton, AB