John Krol, Dan Drake, Kelly McLeod, Casey Van der Kaa, Gail Haakstad, Joan Prankie and Dennis Stauffer are some of the top Real Estate people in Grande Prairie. Check out their listings on this page as well as their websites for more listings.
BUYING A HOME
Homes for sale in Grande Prairie and area.
SELLING YOUR HOME
Getting the most for your home depends a lot on how it looks. Having your home clean and tidy is probably one of the most important things to do. A garbage bag full of debri by the kitchen door, or a sink full of unwashed dishes are big turn-offs as well as broken blinds, damaged walls. Sometimes a bit of plaster and paint can make a world of difference on the presentation of the home.
One of the first things to do is to determine the maximum home price based on your financial situation. Make a list of things you would like to see in your new home. (more bathrooms, a garage, bigger yard etc). Most people require the assistance of a Real Estate Agent to help in viewing potential properties and also preparing the proper paperwork when purchasing the property.
HISTORY - TRENDS
The Grande Prairie Real Estate Market has seen some unusual changes in recent years. (2005-2006) With so many jobs and not enough people to fill the positions, there was an influx of people moving to Grande Prairie. Homes couldn't be built fast enough as most of the homes on the market sold quickly. At the peak of the crunch, many properties were sold before the Grande Prairie Real Estate agents could put up a "For Sale" sign.
More carpenters, more roofers, more plumbers, more electricians etc were needed. Getting people to work was one problem, getting them a place to live was a much bigger problem. Some families ended up in a one room hotel for months because they couldn't find a home to live in. There were a few months when houses were selling higher than the listed price. Increases of $10,000 to $15,000 per month were seen on some new homes. Nearby hamlets and towns also seen price increases as well.
With the shortage of homes for sale in the Grande Prairie Real Estate Market, it also affected the amount of available rentals on the market. Prices of apartments and other rentals started to increase. There were many people who now could not afford the cost of rent and for the first time, Grande Prairie started to see a large number of people living in RVs year-round at nearby campgrounds.
In the summer of 2007 there were signs of the market levelling out. There was now more supply of homes on the market and for the first time in years we seen homes advertised with "reduced prices, eager to sell". The market was now separating the real sellers from the speculators.
May 2007- The Alberta Government has introduced new laws pertaining to rent increases. For many years rent increases could be done 2 times a year and had to have the 90 days notice of rent increase to the tenant. The new law states only 1 increase can be made per year. This however does not regulate the amount of the increase. If a landlord is converting an apartment building into condominiums, each tenant must be given one years notice.
Dec 2007- Grande Prairie has now the highest "apartment " vacancy rates in Alberta with 4.9%. That compares to .01% a year earlier. One of the reasons why there was such an increase, is that there had been a large number of apartments under construction and recently were completed flooding the market. (Canadian Mortgage Housing corporation did a Rental Market Survey of apartments only). Checking the classifieds of the Grande Prairie Daily Herald Tribune, there seems to be more rentals available and the prices have started to fall. Those units that are still well over-priced are now sitting on the market with no tenants. Not a good situation for some investors who came in the market late when it was high and who now need a certain "high price" to pay the mortgage.
GRANDE PRAIRIE HOME IMPROVEMENT - RENOVATION
March 2011: A new feature is now posted on DiscoverThePeaceCountry.com. The Home Improvements - Renovations page is where a number of Grande Prairie businesses showcase their products and services to help you update your home.
2013 Events of the Peace Country
2014 Events of the Peace Country
GRANDE PRAIRIE REAL ESTATE
Homes for sale in Grande Prairie, in northern Alberta
HOME PRICES DOWN ACROSS CANADA
November: House prices change 3.2% in a negative way, as they drop for the 2nd month in a row compared to last year.
HOME SALES ON THE RISE IN GRANDE PRAIRIE
Aug 2013: A total of 316 homes were sold in July, which is a 20% increase over July of last year. The average price of a home last month was $300,000. So far this year there were a total of 1,761 homes that were sold.
HOUSING STARTS IN GRANDE PRAIRIE ON THE RISE FOR MAY 2013
According to CMHC stats, new starts are up 33% over May of 2012 and the increase is in single and multi-family housing starts. From Jan to May the number of housing starts are up by 60% over last year this same period.
HOW MUCH DOWN PAYMENT IS NEEDED TO BUY YOUR FIRST HOME?
April 2013: A recent poll by the Bank of Montreal, says that the average first time home owner living in Canada is 29 years old and hopes to put $48,000 for a downpayment on a $300,000 home.
HOME SALES NEAR RECORD IN GRANDE PRAIRIE DURING 2012.
Jan 2013: Reports from the Grande Prairie and Area Association of Realtors indicated there were a total of 2,710 homes sold in 2012, which is the 2nd highest on record. December alone had an increase of 31% over the same period last year. The average price of a home in Grande Prairie is now $266,220.
VACANCY RATE VERY LOW IN GRANDE PRAIRIE - MORE HOMES BEING SOLD
Dec 19, 2012: According to the Canadian Mortgage and Housing Corporation, Grande Prairie now has a 1.95% vacancy rate. In 2011 it was 3.9% and in 2010 it was 10.5%. Usually when the supply of rental units is down, is when the rental rates are higher. - Home sales in 2012 now has surpased 2,500 units in Grande Prairie. This is the first time it has reached this number in the last 5 years.
VALUE OF CANADIAN HOMES DROP
Nov 2012: The value of homes in most Canadian cities fell in October from the previous month. Overall, the value of homes across Canada are not rising as fast as they have in the past but real estate is still a good investment. Homes in major cities have increase in value 128% since the late 1990's..
ALBERTA ECONOMY STILL GROWING STRONG- FARM VALUE INCREASES IN PEACE COUNTRY
Oct 2012: Experts are predicting the Alberta Economy will grow 3.5% this year and are forcasting 2.9% growth in 2013. Farm Values are rising in the Peace Country due to the high comodity prices resulting in a demand for land.
HOUSING STARTS UP IN GRANDE PRAIRIE FROM LAST YEAR AT THIS TIME
July 2012: Canada Mortgage and Housing says, there were 116 total housing starts in Grande Prairie last month (June 2012) compared to just 58 in the same month a year ago. 82 were single-detached homes while 34 were multi-family homes. So far the total amount of housing starts this year is 270 compared to 231 last year.
CHANGES TO MORTGAGES TAKE EFFECT JULY 9, 2012.
June 2012: The Federal Government is lowering the maximum amortization period to 25 years from 30 years. Also, they are reducing the maximum one can borrow when refinancing to 80% of the value of their homes from 85%.
LABOR SHORTAGE IN GRANDE PRAIRIE - NEAR OUTLOOK
June 2012 - Construction and Oil and Gas is growing in the Grande Prairie area, resulting in more demand for skilled and experienced workers. The recent shortage of rentals has increased the monthy rental rates across the City of Grande Prairie and more construction of all types of homes has increased.
INTEREST RATES ON THE RISE
On March 29, 2012, RBC is the first to raise their Morgage Rates that will include the Posted 5-year fixed mortgage up 20 bps to a new rate of 5.44%. Posted varialble will rise 10 bps to prime plus 0.20%. And finally, the 4-year fixed special will rise to 3.49%.
NEW CONSTRUCTION DOWN IN JANUARY COMPARED TO A YEAR AGO
Feb 2012. -The Canada Mortgage and Housing Corporation indicates that Grande Prairie saw a decline in January for new construction of Single detached homes as well as Multiple-Family homes.
CANADA EMPLOYMENT NUMBERS DOWN
Dec 2011 - Canada employment numbers show that in the last few months the numbers are dropping, which is making Canada's Economy soft. (prices of homes don't usually increase when market is soft). Last month Royal Bank had record earnings as well as Bank of Nova Scotia.
(Construction of a number of homes continues on the west side of Grande Prairie - Fall 2011.)
SINGLE DETACHED HOMES BUILT IN ALBERTA UP- Sept 2011
When comparing numbers for the month of September, in 2011 there is an 11% increase in the construction of Single Detatched Homes in Alberta from September 2010. On the otherhand Multi-Family starts were down almost 32%. (apartments, condos, duplexes).
HOUSING STARTS IN CANADA UP
The Housing Starts have climbed 4.3% in Canada in July and that sector seems to remain quite healthy. Housing starts include building of single detached homes, semi-detached as well as appartments.
ROYAL LEPAGE GRANDE PRAIRIE HAS NEW OWNERS
June 2011- Jamie Menzies has sold the Grande Prairie Royal LePage to a couple of local people, John Krol and Angie Peters, who have been part of Royal Lepage for many years. (sales and property management) It has been announced that Angie Peters is the new Broker.
POSITIVE SIGNS IN LOCAL ECONOMY
The chair of the Grande Prairie Chamber of Commerce (Dave Cook) was recently on Big Country 93.1 News talking about higher home sales in Grande Prairie, more new local businesses, and many businesses hiring more workers, saying they were signs that the local economy is doing pretty well.
LOCAL HOUSING MARKET ON THE RISE
March 2011 - According to the Grande Prairie and Area Association of Realtors, home sales increased by 29% in January compared to last year. This is signs that the economy is improving and part of increase is because of the new mortgage rules coming out March 18, 2011. The average price of a home in Grande Prairie is $257,401.
MORGAGE RATES ARE ON THE RISE AGAIN
Feb 2011 - Most major banks have increased their 5 year rates. (up .25% to 5.44%) Some analyists are predicting more hikes later this year. Also the Canadian Real Estate Association is expecting that the average Canadian home could rise 1.3% to $343,300 in 2011. Manitoba and Quebec would have the highest increase while in Alberta home prices are expected to drop 1.4% to $347,300.
TIGHTER MORTGAGE RULES
New mortgage lending rules will become effective March 18, 2011 to help Canadians avoid going deeper in debt. The government is reducing the maximum amortization period for mortgages from 35 years to 30 years. The amount one can borrow from the value of their home will also drop from 90 per cent to 85 per cent.
GRANDE PRAIRIE HOME SALES DROP
Nov 2010- The Grande Prairie and Area Association of Realtors have released information that indicate home sales in Grande Prairie have declined by about 6% in October compared to October of last year. Even though the number of listings increased by 10%, the average price dropped by 2%.
PRIME RATE NOW 3%.
Sept 2010- All the major banks in Canada have increased their Prime Rate from 2.75% to 3% effective September 9, 2010. The Prime Rate is a reference interest rate used for lending rates (mortgages and line of credit).
HOUSE PRICES LEVELLING OFF ACROSS CANADA.
Sept 2010- The cooling housing market continues across Canada, and what happens in the United States in the next few months will determine what the prices will be in Canada. Currently the average home price in Vancouver is $658,000, Toronto - $420,000, Calgary - $403,000, Edmonton - $330,000, Ottawa - $322,000, Montreal - $307,000.
MORE CONSTRUCTION IN GRANDE PRAIRIE SO FAR THIS YEAR
August 2010- Canada Mortgage and Housing Corp released information indicating single-family construction starts in Grande Prairie and area are a bit higher than compared to last year. So far this year as of July, there were a total of 303 single-family home starts compared to 207 from January-July last year. There were also more single-detached home starts in July this year compared to last year.
HOME SALES DECLINE IN JUNE
July 2010 - Information that has been released by the Grande Prairie and Area Association of Realtors indicate that home sales declined in June as compared to last year at this time by 33%. There were 12% more listings on the market in June and even with the more supply of homes, the over-all price was up by 4% over June of 2009. (more expensive homes were selling which brought up the average price) The average price of a home in Grande Prairie is now $270,000.
HOUSING STARTS INCREASE ACROSS CANADA
June 2010- Housing Starts across Canada (January to May) saw single detached homes increased 80% over the same time period in 2009. Multi family units, duplexes and apartments increased by 50%.
BANK OF CANADA RAISES SHORT-TERM RATES: May 2010- The Bank of Canada raised its short-term rates by .25 percentage points, the first increase since July 2007. Canadian banks followed by increasing their lending rates as well. A mortgage payment would increase about $12.00 a month on a $100,000 mortgage.
April 2010- Royal Bank of Canada and the Bank of Nova Scotia have raised fixed interest rates by another 1/4 percent on April 13, so the new 5-year mortgage rate is now 6.10 percent. Also, as of April 19, those wanting to buy investment property (ex: rental property) will have to put a minimum down payment of 20 percent. Big increase from 5 percent. This change could affect the amount of new rental properties being developed, which could lower the vacancy rate and result in higher rent. The new rules also change the qualifying benchmark for homebuyers. Everyone will need to qualify for a five year fixed mortgage even though you may choose a short term or variable mortgage.
April 2010 - It has been reported in the news that the Canadian Economy has grown 6.2% in the first quarter of this year. That is better than other G-7 nations. It is anticipated that this trend will continue in the next quarter.
March 2010 - RBC Royal Bank, TD Canada Trust, and Laurentian Bank raised their closed mortgage rates on three, four and five year terms as of March 30, 2010. Five-year mortgages had the largest increase of six-tenths of a per cent, from 5.25 per cent to the new rate of 5.85 per cent. The other banks were expected to follow the increase. The rates have been low for over a year to help stimulate the economy, but with the signs of the economy improving, the banks needed to keep a handle on inflation.
March 2010- The Canadian Real Estate market showed that February (196,700 starts) had an increase in housing starts over January (185,400 starts) This is always a good sign. (Info per the Canadian Mortgage Housing Corp) The Canadian Real Estate Association has stated that National Sales Activities were lower in February but "New Listings" rose. The average price of a home in Canada in February 2010 was $335,000 which is up 18% from a year ago.
According to the experts, the 2010 forecast for Canada includes a stronger growth in job creation. The economy is expected to grow at least 2.7% and house prices are expected to increase. Most likely interest rates will also rise.
Nov 2009 -According to CHMC, the housing market is most likely to improve in 2010 but it will depend on what happens with the natural gas market. The average house price has started to increase a bit. Grande Prairie has the highest vacancy rates in Alberta (for apartments) at 15.5%. The survey included the county, Beaverlodge, Sexsmith and Wembley.
July 2009- According to the Canada Mortgage and Housing Corporation, there has been improvement in the housing starts for June, and Grande Prairie had the highest jump in the Province, up 65% over last year. Realtors have indicated that the housing market in Canada is becoming more balanced, which the conditions don't favor either the buyer or the seller. In Grande Prairie May 2009 had a good month for home sales and the best since September of 2008.
Jan 2009- Overall there were 836 housing starts in Alberta in January (down from 2185 last year)
June 2008- A new Canada Mortgage and Housing survey (April) shows the vacancy rate is now at 8.8% in Grande Prairie compared to .09 % a year ago.
(One of the newer subdivisions on the southeast part of the City of Grande Prairie called Countryside North.)
May 2008- In Grande Prairie from January to the End of May there have been a total of 179 total housing starts compared to 788 during the same period in 2007.
Feb 2008- House sales are down in Alberta with Calgary being down about 30 per cent over a year ago, while Edmonton had a drop of 21 per cent. Saskatchewan is actually up in house sales, with Saskatoon up by 37 per cent and Regina up to 69 per cent.
Jan 2008- There are obvious indications that the housing market is slowing down by the number of homes being built. Statistics indicated that there was a drop of 61.1 per cent in housing starts in Grande Prairie for December of 2007. (CMHC statistics of combined single and multiple family homes)
Dec 2007- Grande Prairie is not the only city in the Peace Country that has had a sudden surge in apartment rental vacancies. For St. John's most recent number for vacancy rate is 3.9 per cent. That is a big increase over the 0.8 percent of last year. Over all the Province of British Columbia had a decline of vacancies.
(pictured above are 5 homes being built at Westpointe Subdivision in Grande Prairie - 2007.)
Sept 2007- The average price of a home in Grande Prairie climbed to $301,400, an increase of 10 per cent from $274,000 last year. Over 600 residential properties are on the market at this time, a number much higher than the previous year, which means properties now take longer to sell. Buyers have more selection and have more time to consider each property. The average amount of time a house is on the market is 47 days. The bottom line is, that houses are still being sold. From January to August in 2006, there were over 1,300 homes sold compared to about 1,200 in 2007.
|$59,900 9531-98 Street #33, Grande Prairie, Alberta
Great curb appeal. Smaller mobile with some good upgrades. New siding with foam insulation, flooring, walls are 100% dry walled, roof, new deck, new hot water tank, and furnace has been refurbished. Extension adds a great boot room. This is a great home. Landscaped and 595 square feet. For more information and to view contact Dan Drake 780-897-6375
Dan Drake website
|$201,000, 8802-88C Street,Creekside, Grande Prairie, AB
Beautiful, great condition 1521 sq ft modular on it's own lot backing to park with R.V parking, plus double drive. This roomy home boasts 4 bedroom all are good size, 2 full baths, master ensuite hosting an oval jetted tub, linen closet, large vanity and a walk-in closet. On the front end you will find the other bedrooms with their own full bath. The kitchen in this great home is a must see! Full of cabinets, counter space & has a very good flow for entertaining and enjoying, medium stained cabinets, island, full corner pantry, in dining room is a set of glass door cabinets to show case your china. Contact Casey Van der Kaa 780-831-9173.
Casey Van der Kaa website
|$279,900 8867-75 Avenue Grande Prairie, Alberta
Gorgeous four level split in Countryside North. This home shines with great decor, bright layout, fabulous colors and is as neat as it can be. Upstairs has two large bedrooms and two bathrooms. Main floor offers living room, dining area and kitchen with dark cabinets, island, corner pantry and stainless steel appliances. The bright open third level is fully developed. The fourth level is undeveloped and a great spot for a potential third bedroom, bathroom, storage and laundry room. Call or text Kelly McLeod. 780-882-0185
Kelly McLeod website
|$199,900 Silverpointe Estates, Near Grande Prairie, Alberta
MLS # L079573
Excellent Value - 1216 sq ft home , on its own lot, with 12’ x 24’ insulated, drywalled, and wired garage/workshop in backyard. Home has 3 bedrooms and 2 full baths. Yard is fully fenced and has a large two-tier deck. Home has many recent upgrades, five high quality appliances, and security system. Call Joan Prankie @ 780-518-9600 for a viewing appointment.
Joan Prankie website
|65016 TWP Rd 724, County of Grande Prairie, Alberta
MLS # L079369
Great home for an outdoor enthusiast. 1 year old, 1.5 storey home with 5 bedrooms an 3.5 bathrooms. A large kitchen with stainless steel appliances and lots of cupboard and counter space. The upper level has a full bathroom bedroom/office and a large loft area. The main floor has the master bedroom with ensuite, as well as main floor laundry. The basement is fully developed with in-floor heat, large family room, bathroom and extra storage. There is a 25 gallon per minute water well, and a pump out septic system. There is a 20x16 ft wired heated workshop, 20x 24 open front shed/garage and 28x24 shed. Call John Krol 780-814-1589 to view this home.
John Krol website
$399,900 11402-89 Street
Grande Prairie, Alberta
MLS # L081255
Great location on this home that shows like new! The kitchen features island with eating bar, stainless steel appliances and a pantry. A den/dining room on the main floor. Master bedroom with full ensuite featuring a jetted tub and shower. Fully finished garage with drain and hot and cold taps. Enjoy the infloor heat in the tiled ensuite, and basement floor. A group of trees in the back yard, and a sturdy large deck featuring aluminum and glass railing, with under deck storage. A great location close to public and separate schools.store an RV with back alley access. Call or Text Gail today! 780-512-3420.
Gail Haakstad website
|$344,900 10236-94 Street, Sexsmith, Alberta
MLS # L081796
This executive 1405 sq ft Modified Bi-level in Forest Grove boasts a walk out basement, and is loaded with upgrades. The 4 bedroom, 2 bath home features an open plan with, 9 ft ceilings, gas fireplace and hardwood and ceramic tile through most of the main floor. The kitchen is amazing, with an abundance of cabinets, a phone table and an island. The master bedroom is spacious and includes a walk-in closet, and a 6 ft soaker tub / shower. The garage is 24 x 22 and is insulated, dry walled and features a floor drain. The quality built deck off the dining area is 10 X 12. Call Dennis Stauffer for more information on this one and to view, 780-512-3217.
Dennis Stauffer website
|811 Cherry Close, Beaverlodge Alberta
MLS # L079334
A large 2 storey house on a big corner lot in a quiet cul-de-sac in Beaverlodge. This house has a number of upgrades in the last year, including new paint throughout. 6 bedrooms and 3 full baths, 1 half bath. The great room features 17ft ceilings with hardwood flooring. The main floor has a den and a formal dining room off the kitchen. Kitchen has new high end appliances, including a built in stainless steel convection oven, countertop stove range and brand new dishwasher. The master bedroom ensuite features his and her sinks, and separate shower and Jacuzzi tub. The ceramic tile has been replaced around the tub and shower. Call John Krol 780-814-1589.
John Krol website
|$364,900 9922-105 Avenue Grande Prairie, AB
MLS # L081513
This nicely appointed 1431 sq ft bungalow, with 88' x 116' lot is fully fenced and is landscaped with mature trees. A very well taken care of home featuring 4 bedrooms and 3 bathrooms. An abundance of cupboards in this u shaped kitchen. The basement has a non conforming suite including kitchen, bedroom, and bathroom. A large family room in the basement. Handy man's delight in this oversized fully developed double car garage, and a detached heated and powered workshop. Call or text Gail today! 780-512-3420.
Gail Haakstad website
|$399,000 12714-107 A Street, Grande Prairie, AB.
MLS # L081364
Situated on a HUGE lot, just minutes from the new hospital site. This executive 1650 sq ft Modified Bi-level in a crescent in Royal Oaks, shows bigger than it measures, and is loaded with upgrades. The 3 bedroom, 2 bath home features an open plan with a gas fireplace. The kitchen is amazing, boasting an abundance of cabinets and an island. The master bedroom is spacious and includes a walk-in closet, double sinks, a 6 ft jetted tub and a neo angle shower. Much of the development has been done in the basement, including a finished landing at the bottom of the stairs, a laundry room and drywall and wiring around the perimeter.Call Dennis Stauffer 780-512-3217.
Dennis Stauffer website
|$1,289,000 The Dunes Acreage, Grande Prairie, Alberta
MLS # L069762
Spectacular home, nestled in the pines, and completely fenced to protect your little ones. Spacious home, with attached garage, triple detached garage, and separate workshop. Main floor wheel chair friendly, with walk in bath. Top quality throughout !! No expense spared. Grow your own fruits and veggies in organic soils. Conservatory offers a year round tropical experience. Call Joan Prankie @ 780-518-9600 to view.
Joan Prankie website
|$194,900 71282 Harper Creek Road, Crooked Creek, Alberta
6 acres with mobile. Very private and surrounded with mature trees. Paved to the driveway. Mobile has been newly renovated with new laminate flooring, new kitchen cabinets and counter top, new bathroom cabinets, and freshly painted. Kitchen also has sky lights, which give it lots of light. Outside enjoy a spacious deck, a beautiful yard with lots of room for children to play. Garden spot. Circular driveway. On school bus route. 5 minutes to school. There is a which is better suited as a storage space. Contact Dan Drake 780-897-6375
Dan Drake website
|$299,900 7810-103 Street
City of Grande Prairie
Large 1.5 storey character home in a fantastic location in Mission Heights with 2 schools within 1 blk and steps to Bear Creek trails, in a mature area that features a street configuration that hosts mostly local traffic. Open kitchen and eating area with extra storage pantry, main living area has dramatic vaulted ceiling and fireplace with open staircase, plus there is an additional bonus/flex room off the kitchen, main floor laundry and half bath. 3 bedrooms up, master with ensuite, walk in closet and laundry chute. An extra room with skylight ideal for office, toy room or crafts. Upstairs and living room is all hardwood! Contact Casey Van der Kaa 780-831-9173.
Casey Van der Kaa website
|$304,900 10201-93 Street Sexsmith, Alberta
MLS® # L080885
This terrific 1210 sq ft bilevel is located in Forest Grove, in Sexsmith. The large front entry leads to the main floor which features living room with large windows and wide plank hardwood flooring. The spacious kitchen offers a pantry, center island with eating bar, stainless steel appliances, tons of cupboards and counter space and dining area which leads to the backyard. The upstairs also has main bathroom and 3 bedrooms including the master with 3 piece ensuite. The basement is framed for future development. Yard is fully fenced and landscaped. Call or text Kelly. 780-882-0185
Kelly McLeod website
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ROYAL LEPAGE WEBSITE
Royal LePage - Angie Peters