John Krol, Kelly McLeod, Corinne Sproule, 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.
According to John Krol, Royal LePage Grande Prairie, the median age of a first-time home buyer is 31 and the median age of repeat buyer is 52.
SELLING YOUR HOME
Getting the most for your home depends a lot on how it looks. First impressions! 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 to get your home sold faster.
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 rapidly. 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.
Events of the Peace Country
GRANDE PRAIRIE HOME IMPROVEMENT - RENOVATION
. The Home Improvements - Renovations page is where a number of Grande Prairie businesses showcase their products and services to help you update your home.
GRANDE PRAIRIE REAL ESTATE
Homes for sale in Grande Prairie, in northern Alberta
BANK OF CANADA CUTS RATES AGAIN
July 2015: The interest rate has been slashed by 25 basis points to 0.5% to help the economy grow in 2015. This is the 2nd cut this year, as in January the rate was cut by 25 basis points from 1% to .75%
MORE RENTAL UNITS COMING ON THE MARKET
The Vacancy rate for Grande Prairie was 2.6% for April 2015 compared to 1.3% last year. The average rent for a 2 bedroom home is $1,216 per month compared to $1,173 last year. With home prices decreasing in the last few months, the montly rent rates should also be coming down as well.
STARTS DOWN BUT PRICES INCREASE
June 2015: Despite the market slowdown the average sale price of a home in Grande Prairie increased in April by 9.6% from a year ago. From January to April the prices are 1.3% higher than the same time in 2014.
HOME STARTS ARE DOWN IN GRANDE PRAIRIE
April 2015: There were only 3 new single family housing starts in April which brings the total so far this year at 29 new starts. Last year at this time there were a total of 55.
Over all housing starts are up across Alberta for the first 3 months of 2015.
HOUSE PRICES DROPPING IN GRANDE PRAIRIE
March 2015: Many Realtors in Grande Prairie have been advising their clients who have their homes listed to drop their prices to encourage a quicker sale. Many are predicting house prices will continue to drop throughout the year due to the drop in oil prices and a number of people losing their jobs.
FEB 2015: Homebuilders in Grande Prairie are a bit cautious going forward. In January this year there were only 2 housing starts compared to 23 in January 2014. The February over-all sales numbers show a 37.6 per cent drop in sales which means 86 less homes were sold in Februrary compared to the same month last year.
BANK OF CANADA REDUCES RATE
Jan 2015: The Bank of Canada reduced its interest rate from 1% to .75%
on January 21, 2015. The dollar and oil prices have been dropping since July and the lower bank rate is hoped to stimulate spending. A week later the Royal Bank was the first to reduce its prime lending rate.
NEW HOME CONSTRUCTION ANTICIPATED TO SLOW IN GRANDE PRAIRIE
Jan, 2015: Some of the new home builders are reducing the amount of new home starts this spring because of the slumping oil prices. There are a number of spec homes still to be completed but going forward they are being more careful on having too much inventory.
HOME SALES UP IN AUGUST - GRANDE PRAIRIE
Sept 2014: There were 275 units sold in August in Grande Prairie, which is up 3% over last year at this time. According to the Canadian Real Estate Association, this was the best August sales figure on record for this area. So far this year 2,350 homes were sold, which is up 16% for the same period last year. The average home in Grande Prairie sold for $312,015 while the provincial average was $397,701.
Alberta REAL ESTATE MARKET SETTING NEW RECORDS
July 2014: So far this year, Grande Prairie Real Estate sales are 21% ahead of the first half of 2013. The average price of a home in Grande Prairie sold in June for $325,715 which is up 8% over last year at this time.
HOME SALES JUMP IN APRIL FOR ALL OF ALBERTA
May 2014: Residential sales in Alberta rose 12% in April from the same month a year previous. This was the strongest sales figure since 2007. A total of 7,304 homes were sold in April in Alberta. In Grande Prairie the Residential Average Price of a home sold in April was $303,121.
HOME SALES DOWN IN JANUARY IN GRANDE PRAIRIE
Feb 2014: Home sales in January 2014 in Grande Prairie is less than latst year at that time. About 168 homes were sold this year which is a decrease of 1% and the average price of a home was $324,385 which was up by 23%.
HOUSING STARTS UP SLIGHTLY IN GRANDE PRAIRIE
Feb 2014: According to Canada Mortgage and Housing, housing starts were up slightly in January of this year. There were 23 single-family starts in January compared to 9 in January of 2013. There were no multi-family starts last month but if you look at January 2013 there were 9 starts.
GRANDE PRAIRIE VACANCY RATE DROPS
Dec 2013: The Vacancy Rate in Grande Prairie Alberta has dropped again in October 2013 to 1.3% from 1.8% in October of 2012. When vacancy rates decrease rents and prices of home increase. Information just released in December 2013.
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.
(pictured above are 5 homes being built at Westpointe Subdivision in Grande Prairie - 2007
|$1,150,000 Clairmont Acreage, Alberta
MLS # # L093280
38 acres, with beautiful custom built home, provides 4450 sq ft of finished living space on three levels.
This awesome property backs onto a lake for lots of recreational opportunities. Home has high quality finishing, two large decks and ground level pato, granite countertops, central air conditioning, in-floor heat, triple garage with in-floor heat. Owners will consider sub-dividing . Call Joan Prankie @ 780-518-9600 for a viewing appointment.
Joan Prankie website
|$445,000 10501-119 Avenue, Grande Prairie, AB
WOW! This elegant home was once a show home and you can see why! The yard has been landscaped with love and is a gardeners dream! The architectural detail in here is almost unheard of in Grande Prairie! Walk into the Grand Entrance with curved walls, tile flooring and European style that leads you off into the fine detailed living room with a wonderful large wood framed fireplace. The kitchen and formal dining room is all open concept with a large eat at island, a crystal chandelier and a pantry, what else could you ask for? Pillars? It has those too! The main floor master bed has an en-suite with jetted tub and a walk in closet as well. Basement is partially finished.Call John Krol 780-814-1589 to view. John Krol website
|$459,900 11149-65 Ave.
Grande Prairie, AB
Fully developed home with walkout basement & RV parking located in O'Brien Lake on a large pie shaped lot. Main floor includes living room with gas fireplace, main floor laundry, half bath and a spacious kitchen, plenty of cupboards, island, corner pantry and built in wine rack. The dining area offers a door to the huge south west facing upper deck with a view of the lake and is great for entertaining and relaxing. Upstairs has 3 nice sized bedrooms including the master with walk in closet & ensuite. The large bonus room is the perfect space for a play room, work out area or family room. Call or text Kelly McLeod. 780-882-0185.
Kelly McLeod website
|$1,340,000 7017-102 Street , Grande Prairie AB
Stunning, Custom Built 3600 sq ft 2 storey in Mission Estates, backing onto the ravine. This immaculate home features 7 bedrooms and 4 bathrooms. Spacious front entry leads into open concept living room with vaulted ceiling and gas fireplace. A chef's kitchen with 9 ft ceilings, marble countertops, large island, built in appliances, an abundance of cupboards and drawers. Spectacular master ensuite with steam shower, jetted tub, his and her sinks. Abundant walk in closet and dressing room. A high efficiency furnace, new air conditioner, on demand water system. Additional, double detached garage, large maintenance free deck, stamped concrete driveway, RV parking, landscaped with irrigation system. Call or Text Gai Haakstadl today! 780-512-3420.
Gail Haakstad website
|$245,000 10550-111 Street #101 Grande Prairie, Alberta
Don't miss your chance to own this fantastic home in the Estates at Emerald Gardens! This is a 45+ condo community where all the exterior maintenance is taken care of. Upstairs boasts 3 bedrooms and a main floor laundry. You will be surprised how spacious this open concept bungalow is! In the partially developed basement, there are 3 more bedrooms with large windows and a full bath. The rest of the basement has plenty of potential for games room, rec room & a home theatre. Attached generous single garage. This property is walking distance to the new hospital, and is close to all major shopping amenities, restaurants and the future hospital. Pet friendly. Call Dennis Stauffer to view, 780-512-3217.
Dennis Stauffer website
|$59,900 9704-107 Street
Mobile on own lot!! No pad rent.. Very nice 3 bedroom, 1 bath home. Open concept home with many upgrades. Stunning kitchen with newer cupboards and counter tops, newer laminate throughout the home. Freshly painted in some areas of the home. Bathroom was completely renovated 4 years ago. Shingles were replaced 2 years ago with extra vents. Siding and trim included in the price, just need to put on mobile and shed. Shed is 14x8, very nice size. Nice size deck, to watch the sunsets on. Yard has new trees planted around the yard, and a raised garden spot! Fire pit in the back, for those relaxing evenings. Just walk across the street and you can attend the Hythe speedway derby. Contact Corinne Sproule 780-766-2366.
Corinne Sproule Special Page
|$38,000 9729-107 Street
This mobile is in need of some TLC, and would be a great investment, currently renting out for $750.00 per month. Mobile on its own lot, on a quite street! 1977 Glendale Pacesetter 14x65. 2 bedrooms, and 1 bath. Last winter chimney cap was replaced. Home has a small addition. Nice deck. 5 minute walking trail, to town. Lots of parking!! Big yard, with nice size shed 14X8 in back. Hot water tank and Fridge are two years old. Call your realtor today... Will not last!! Contact Corinne Sproule 780-766-2366 to view. Sproule 780-766-2366 to view.
Corinne Sproule Special Page
|$170,000, 7850 Cedarwood Park, Grande Prairie, AB
A Rare Find! Revenue or starter home. This 1081 sq ft town house backs south onto green space on the Bear Creek ravine in Cedarwood Park. Enjoy this home with 2 parking stalls and air conditioning. 3 bedrooms and 1.5 baths. Master bedroom is generous in size and has dual closets. Two additional bedrooms upstairs. Stainless steel appliances and a portable dishwasher in this practical kitchen. Living room has large window and then a door that opens up to backyard patio for summer sun and relaxation. Developed basement with tiled floor. Numerous updates have been completed recently including windows, shingles, downspouts, sidewalks and parking stalls. Enjoy the lawn maintenance, and snow removal that is covered in your condo fee. Call or text Gail today! 780-512-3420.
Gail Haakstad website
|$459,900- 10506-129 Avenue, Grande Prairie, AB
This executive 1495 sq ft Modified Bi-level in Royal Oaks is loaded with upgrades. The 4 bedroom, 2 bath home features an open plan with a gas fireplace, 9 ft ceilings and hardwood and ceramic tile through most of the main floor . The kitchen is amazing, boasting an abundance of cabinets and an island. The master bedroom is spacious and includes a walk-in closet, a 6 ft soaker tub / shower. The basement development is nicely started, with a finished 4th bedroom and landing. The future downstairs bath already has a one piece full tub installed! The garage is roomy and is insulated; dry walled, fire taped and features a floor drain. he back yard backs onto a Park/Playground, boasts a quality built 10 X 12 deck with stairs to the ground and is fenced across the backCall Dennis Stauffer 780-512-3217.
Dennis Stauffer website
|$352,900 9422 Willow Drive, Grande Prairie, AB
MLS® # L091291
Immaculate family home in Cobblestone. Impressive main floor features espresso kitchen with stainless steel appliances and walk through pantry, bright dining area with sliding doors to rear deck, living room with gas fireplace, boot room with door to garage and a half bathroom. Upstairs offers 3 generous sized bedrooms including the master with large walk in closet and ensuite. The basement is undeveloped and can easily accommodate a 4th bedroom and family room. Other notable features include: tile throughout the main level, wide plank laminate flooring in the living room, high efficiency furnace and hot water tank, central vac and custom blinds. Fully fenced, landscaped yard has been nicely completed with trees and shrubs, good sized deck, gates on both sides of home. Call or text Kelly. 780-882-0185.
Kelly McLeod website
|$280,000 10350-70 Avenue Grande Prairie, AB
This Half duplex with an attached single car garage located in Mission Heights features a wonderfully open concept main floor plan! The kitchen hosts an eat at island, and dinning area are open to the living room that has a beautiful gas fire place, where you could maximize family time or entertaining! Upstairs includes 2 large bedrooms and 2 full bathrooms, as well as laundry space. With an undeveloped basement you would have lots of options for growth! The property sits on a large pie shaped lot and has a fully chain link fenced backyard. There are many amenities close by, including walking trails, schools, shopping and the Eastlink Call John Krol 780-814-1589.
John Krol website
|$139,900 Trumpeter Village , Grande Prairie, Alberta
MLS # L092475
Pride of ownership shows inside and out! Home and yard are very well maintained - this property is a pleasure to show. Home backs onto walking trail. This is a great family home that features 3 bedrooms and two full baths. Master bedroom ensuite has a jetted tub with shower. Central air conditioning is an added feature. Large deck on east side of home provides lots of space for entertaining. Garden doors provide easy access from the dining area to the deck. Call Joan Prankie @ 780-518-9600 to view.
Joan Prankie website
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