Are you in the market for an affordable, high value Edmonton home priced under $300,000?

If so, you've come to the right place! Click HERE to search for a variety of great homes available in Edmonton that all come with price tags well below $300,000. And sure - they may not have all the bells and whistles compared to higher-priced properties in other areas - but don't let that fool you. From modern townhomes close to downtown amenities to established bungalows off the beaten path – there are plenty of fantastic options out there waiting for their new owners. You can find plenty of quality living at a fraction of what some other cities offer – which means more cash stays safely tucked away in your pocket where it belongs!

1.  More Affordable

One of the primary reasons to buy a home that is well under your mortgage approval limit is that it will be more affordable. When you are looking at homes, it is important to consider not only the price of the home, but also the cost of ownership. The cost of ownership includes things like property taxes, insurance, and maintenance. If you buy a home that is well under your mortgage approval limit, you will have more money left over each month to cover these costs.

2.  More Equity

Another reason to buy a home that is well under your mortgage approval limit is that you will build equity faster. Equity is the portion of your home’s value that you own outright. Every time you make a mortgage payment, a portion of that payment goes towards paying down your principal balance, which increases your equity. If you buy a home that is well under your mortgage approval limit, you will have a smaller principal balance and will build equity faster.

3.  More Flexibility

When you buy a home that is well under your mortgage approval limit, you will also have more flexibility in terms of how much money you can borrow in the future. If you ever need to take out a loan for major repairs or renovations, having a lower mortgage balance will give you more borrowing power. Additionally, if you decide to sell your home in the future, you will have more negotiating power if you owe less on your mortgage than the home is worth.

4.  Lower Interest Rates

If you buy a home that is well under your mortgage approval limit, you may also be able to qualify for lower interest rates. Lenders often offer lower interest rates to borrowers who are seen as low-risk, and one way to demonstrate low risk is by having a smaller mortgage balance relative to the value of your home. This can save you thousands of dollars over the life of your loan and make your monthly payments more affordable.

5.  Peace of Mind

Finally, buying a home that is well under your mortgage approval limit can give you peace of mind knowing that you are not overextending yourself financially. When you are house hunting, it can be easy to get caught up in the excitement and spend more than you had originally planned. By sticking to homes that are well within your budget, you can avoid financial stress down the road and enjoy your new home without worry

Although it may be tempting to spend your entire budget on a home, there are many benefits to investing in a property that is under budget. Low cost options offer numerous advantages such as being easier to sell in the future and providing more opportunity for customization. If you're looking for an affordable option that doesn't sacrifice quality, contact Iconic YEG today to view these homes.

The newest and most luxurious apartment building in Edmonton is here. THE BEACON at East Junction offers penthouse amenities, concrete construction, luxury finishes, and stunning views of Downtown Edmonton and the North Saskatchewan River Valley. It's everything you could want in an apartment—and more! 

The first tower in this sought-after development is THE BEACON, located at the apex of Edmonton’s East Junction. This premier complex provides residents with top-notch amenities such as a state-of-the-art fitness center, high-end appliances and fixtures, onsite storage spaces for bikes and strollers, underground parking and more! And that's just scratching the surface! In addition to these fantastic amenities, there are also several options for dining and entertaining in the immediate area. From pubs to fine dining restaurants to cafes—East Junction has it all!

For those looking for unparalleled views from their apartment window or balcony (or both!), look no further than THE BEACON. With its panoramic views of Downtown Edmonton and the North Saskatchewan River Valley, you can take in the beauty of Alberta’s capital city every day. Whether you’re hosting friends for drinks on your balcony or enjoying your morning cup of coffee while admiring the view from your living room window—you won’t be disappointed. Plus, with concrete construction throughout all units and soundproof walls between each floor—you can rest assured that noise won't be an issue either!

With so many great features available right outside your doorstep (literally) why not make THE BEACON your new home in 2023? In-person tours are starting in Januray and move ins anticipated for March 2023!

While the economic outlook across Canada looks pretty bleak as, according to Chrystia Freeland, Federal Finance Minister said Wednesday that

"Difficult days ahead as Canada's economy shows signs of weakness". 

While that may be true for Canada as a whole, Alberta is poised to maintain stability despite the national challenges. ATB Financial deputy chief economist Rob Roach said recently that:

We’re still going to experience those rough waters here in Alberta, but because we’re doing a little bit better — commodity prices and other positive things — we’ll be able to weather that storm a little bit better than other places. Energy, commodities and agriculture will be the “main drivers” of Alberta’s economic growth”.

People of all demographics are flocking to Alberta for economic stability and opportunities not seen or projected in other parts of the country.  Still need more reasons to move to Edmonton?  Here are our Top 10 Reasons to Move to Edmonton:

1. The cost of living is affordable

If you’re sick of the high cost of living in major Canadian cities, then moving to Edmonton may be the right choice for you. The average rent for a one bedroom apartment in Edmonton is only $935 CAD, while the same type of apartment in Toronto costs an average of $2,260 CAD.

2. The economy is strong. 

Boosted by strong commodity prices, Alberta's economy is forecast to grow 5.0%  in 2022 and 3.0% next year and will be one of the top performers in the country this year.

3. There are plenty of jobs available. 

Alberta’s unemployment rate has ticked down every month since October 2021 and fell to the lowest level in seven years in July. 

4. You can enjoy a high quality of life without spending a lot of money. 

Living in Edmonton is more affordable, than other provinces. Edmonton offers higher incomes and lower cost of living due to no provincial sales tax, no health care premiums, and low average rental prices.

5. The city is growing quickly and there are lots of new opportunities opening up all the time. 

Alberta added 40,253 residents in the second quarter of 2022, boosted by accelerating interprovincial migration gains and continued strength in immigration.

6. Edmonton is a great place to raise a family. 

With its low crime rates and abundance of green space, Edmonton is regularly ranked as one of the best places to live in Canada. As well, Edmonton is home to some of the best post-secondary institutions in Canada. Amongst many specialized post-secondary institutions, three highly rated schools, MacEwan University, NAIT, and the University of Alberta, obtain admissions from around the world.  

7. There are plenty of cultural activities and events happening throughout the year. 

Edmonton is home to a thriving arts and culture scene. The city is home to numerous museums, art galleries, and performance venues. There are also many festivals and events held throughout the year, including the Edmonton Folk Music Festival and the Fringe Theatre Festival.

8. The people in Edmonton are friendly and welcoming. 

Most people who move to Edmonton are impressed by the friendliness of Edmontonians.

9.It’s easy to get around the city – there are lots of transportation options available.

There are plenty of ways to get around the city. You can take the bus, the train, or a taxi. Or, if you want to explore on your own, you can always rent a bicycle or walk. Whatever means of transportation you choose, you'll be able to get where you need to go easily.

10. Edmonton offers endless possibilities for outdoor recreation – from skiing or snowboarding in the winter months, to hiking or biking during the summertime!

From hiking and camping in the beautiful river valley, to cycling and picnicking in one of the many parks, there is something for everyone to enjoy. With numerous trails and recreational areas to explore, Edmonton is the perfect place to get outside and enjoy the fresh air!

If you’re on the fence about whether or not to move, we hope that this list has helped tip you in favor of Edmonton. With its affordable housing, great job market, and wonderful community spirit, there are plenty of reasons to call Edmonton home. Are you convinced? If so, get in touch with us – we can help make your move a smooth one.

The East Junction and the surrounding area is a great place to visit if you're looking for some local flavor. With restaurants, bars and shops galore the area has something that will appeal in tones of every age group! A diverse mix makes this vibrant area worth exploring - from old school bowling lanes popular with hipsters or relaxing local cafes with sustainable options. There's always something new around each corner here.

The History of Holyrood, Edmonton

History

Holyrood was originally called Mount Pleasant and East Edmonton Gardens in 1912. This area joined together with Strathcona County just one year after it happened during the 1912 amalgamation process where they became part of our city's newest district called 'Edmonton'.  After the amalgamation with Edmonton, this area became known as Balmoral due to its duplication with another subdivision name. In 1953 they were rebranded Holyrood after Edinburgh's famous abbey; likely named so because of how close it is located near many major landmarks like tourist attractions or government offices. At that time there were only about 1000 homes but by 1955 this number grew tremendously due to large numbers of people moving into new developments in the central region which made them famous for being highly energetic and a very young population.

 

The Two Mile Circle

The Housing Boom

Concerns won out and the majority of the redevelopment would officially be turfed at the time, with the exception of a 95 Unit Apartment building at 8543 95 Avenue. Between 1990s and 2020 nothing happened to this site and the townhouses that were to be demolished in the 1990s still stood when Regency Developments purchased the entire site in 2016 and set their own sites on redevelopment.  The first tower in development of the newly coined East Junction, will open in early 2023.

When selling your home, you want to make sure that it is appealing to potential buyers. This means taking some time to stage your home in a way that will make it look its best. Here are a few tips on how to stage your home for a quick sale:

1. declutter and depersonalize - Buyers want to be able to see themselves in your home, and that can be tough when your personal belongings are everywhere. So, take some time to declutter and depersonalize your space. This will make it much easier for buyers to imagine themselves living there.

2. neutralize - Another way to make your home more appealing to buyers is to neutralize the space. This means painting walls neutral colors and getting rid of any bold or bright décor. By keeping the space neutral, buyers will be able to visualize their own furniture and belongings in the home.

3. focus on curb appeal - First impressions matter, so you want to make sure that your home looks great from the street. This means mowing the lawn, trimming hedges, and maybe even planting some flowers. Anything you can do to make your home more inviting from the outside will help attract buyers.

By following these tips, you can stage your home in a way that will appeal to potential buyers and help you sell quickly.