To paraphrase Daniel Defoe and, to a lesser extent, Benjamin Franklin: there are no certainties in this universe other than death and taxes. Similar to income tax, the amount of property tax a household pays depends on different variables. Geographic location and the value of real estate are some of the issues that must be considered when deciphering how Edmonton's property tax structure affects your finances.

Composition of Property Taxes in Edmonton

The biggest portion of your annual Edmonton property taxes is calculated according to the budget set up by City Council every year. This portion typically makes up 68 percent of your property taxes. Another significant portion of your property tax is determined according to the Alberta government.…

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Dabbling in real estate can be an incredibly fulfilling experience, and one that often leads to financial benefits as well. When it comes to purchasing an investment property, there's a lot of money to be made - both in the long-term and short-term - especially if you have good market knowledge and discerning foresight. If you're planning on buying an investment property in Edmonton, here's what you'll need to get started.

Professional Help in a REALTOR®

Hiring a professional real estate agent sooner rather than later can be beneficial when it comes to finding the right investment property. Especially if you're new to purchasing real estate for investment purposes, there are plenty of lessons that can be learned from a seasoned professional that…

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Moving to a new neighbourhood can be a nerve-wracking and if you have children, a sometimes frightening experience. Arriving into a new area means not knowing any of the individuals and families living around you, and if you're not the most social person, it could be tough to get to know them. The good news is that breaking the ice with those new neighbours is easy enough that even shy people can get to know some new people and make some new friends. With that in mind, here are a few tips that can make the process a bit easier.

Throw a Housewarming Party

Too shy to stop by a neighbour's house and say hello? Consider throwing a simple housewarming party. Whether it's a sit down dinner for those living closest or a friendly backyard barbecue for the…

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For first-time homebuyers, applying for a mortgage can be a confusing and overwhelming experience, with many new terms and concepts to learn and understand. Even for previous homeowners, applying for a new mortgage when you've been out of the 'mortgage world' for a while can be a learning curve, and it's largely in part to the mortgage terms and mortgage 'lingo' used in the industry but nowhere else. Here's your five minute guide to understanding the most popular mortgage terms so that you can become fluent in speaking 'mortgage-ese.'

Lingo For Getting Approved

"Loan-to-value ratio" is a term that will certainly come up once or twice during your mortgage application, which in writing is expressed as a percentage, and in real life represents the…

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As a first time home buyer, it can be an overwhelming experience to begin looking at homes in any given city. This can especially be the case in Edmonton, with so many great neighbourhoods to choose from that are within a short commute to downtown. If you're a first time home buyer unsure of which area best suits you, here are three reasons why Sherwood Park might be the perfect destination for your first home.

Practicality: A Variety of Affordable Housing

In Sherwood Park, you can find virtually every kind of housing you're interested in purchasing, whether it's a condominium, a townhouse, or a detached home. Though the specific property prices vary depending on the particular locations within Sherwood Park, you might be surprised at the level of…

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Shopping for a new home is one of the most exciting experiences you'll come across in your lifetime, and surely one you'll want to enjoy while being smart and diligent in the process. When looking for a loft that brings with it all the character and uniqueness you love so much, you'll have to be extra sharp and quick to ensure that you land the loft you like. Here's a new buyer's guide to the Edmonton market, which is specifically useful when looking at Edmonton lofts.

Keep Yourself Informed: Daily Searches

Since particular lofts can be quite unique and offer certain styles that come on the market much less often than your standard condo, it becomes increasingly important to stay on top of the market. You can see lofts for sale in our favourite…

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When you upgrade from a condo to a house, you can give yourself that long-awaited pat on the back. You've made it! You now get to experience the dream of owning your own house. This is a momentous occasion in your life, and that's why you should approach it with care and joy. Simply put, it's a lot different living in a house than in a condo. You've got more space and a lot more room to put stuff. Here is the shopping list that you never thought you'd need when moving from a condo to a house.

Get Yourself a Box of Tools

In a new house versus a mere condo, you can expect a lot of things to need more fixing. This is to be expected when you consider that you have more space and more items inside your house. That's why shopping for a comprehensive set…

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The following post was contributed by reader, Emma Lear.

When searching for a new home, buyers often spend months sifting through real estate listings to find the perfect fit. But most people focus primarily on the house rather than the neighbourhood. This is a common mistake that can easily turn a beautiful home into a nightmare.

A wonderful home is only one part of the equation that leads to a satisfying lifestyle. There are a number of other important considerations including schools, amenities, and neighbours among other factors. Regardless of whether this is a short-term move or not, if you are in the wrong neighbourhood, a short stay can feel like an eternity.

Never Make Assumptions

It is common for people to select neighbourhoods that…

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So you've finally found a new home and you're preparing yourself for a fresh start in a new location. The stress of finding the perfect new house or condo is behind you: the rest seems easy! Well, barring any major renovations, that's mostly true, but the minor chore of packing for your big move can quickly turn into a major headache without the right preparation. Follow these quick tips to make sure your packing and moving leads to a smooth transition to the new life that awaits you in your future home!

Make Sure You're Prepared with the Tools of the Trade

Nothing will lead to frustration quicker than having your packing process interrupted by a shortage of supplies. Start building a list of essential packing supplies long before your move, and…

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For most people, buying a home is one of the most important investment decisions of their lives. The experience can be both exciting and stressful. In order to make the purchase as stress-free as possible, it is important to consider several factors during a final walkthrough or inspection before you decide whether or not to purchase the home. While your inspector will check many aspects of the home, there are lots of things you can check out for yourself, especially if you're going to be there for the inspection, which we highly recommend. When all of the ABCs are covered, you’ll feel considerably less stress, and this can provide most people with the confidence they need to remove their inspection condition.

Check for Plumbing Problems and Leaks

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