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
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.
BUYING A 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 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
DOWNPAYMENT INCREASE IN JANUARY 2016
Dec 2015: The Federal government is increasing the minimum downpayment for homes that are $500,000 and over to 10 per cent down payment. Anything below that amount will remain at 5%.
While it may help cool down the housing market in Toronto and Vancouver, the market in Grande Prairie has already cooled.
PEACE REGION NUMBERS ARE DOWN FOR NEW HOMES
Nov 2015: In the Peace Region housing starts are down 74% this October for single family house starts compared to last October 2014. Year to date new-housing starts are down 49%.
HOUSING STARTS DECREASE IN GRANDE PRAIRIE
Oct 2015: For the 6th month in succession the the number of housing starts have decreased as in September alone, starts declined by 12%. Year to-to-date the total housing starts are down by 41.6% compared to last year over the same period. House prices are also dropping a bit.
SLUMP IN HOUSING STARTS IN GRANDE PRAIRIE
Aug 2015: So far this year there were 76 starts for the first half of 2015 which is a decrease or 59%. Builders are now offering some good deals to reduce their inventory.
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 monthly 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 February 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 PRAIRIEgrandeprairierealestate
Feb 2014: Home sales in January 2014 in Grande Prairie is less than last 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 down-payment 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 surpassed 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 forecasting 2.9% growth in 2013. Farm Values are rising in the Peace Country due to the high commodity 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 monthly 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 Mortgage Rates that will include the Posted 5-year fixed mortgage up 20 bps to a new rate of 5.44%. Posted variable 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 Detached Homes in Alberta from September 2010. On the other hand 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 apartments.
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
|$244,900 10110-98A Street, Clairmont, Alberta
MLS # # L096579
Move-in ready" 9 yr old 2 bedroom bi-level, fresh paint and attractive new vinyl plank flooring in the livingroom. This modern home is clean, ready for immediate possession. Conveniently located on the south side of Clairmont. Double parking off paved back lane, and street parking in front of home, provide ample parking space. Main floor has vaulted ceilings. Kitchen features maple cabinets. Stainless steel fridge, stove, and BRAND NEW dish washer. Spacious dining area has an access door leading to the deck. Huge backyard, with solid board fence, that was professionally installed last summer, provides privacy and security. There is lots of space for children or pets to play, and this lot is large enough to build a large garage. Basement is open for you to develop. Call Joan Prankie @ 780-518-9600 for viewing.
Joan Prankie website
|$1,000,000 9110-119 Avenue, Grande Prairie, AB
Executive Style living with architectural beauty right on the water front of Crystal Lake Estates sits on 2 full sized lots! Upon entering you're greeted with 2 story vaulted ceilings, formal sitting room, a double faced gas fireplace to the dining room, French doors leading out to a deck. The chefs dream kitchen, quartz counter tops with built in professional appliances, cherry wood cabinets. Main floor includes family room with gas fireplace, office, half bath & access onto another deck. The second floor has 5 beds, main bath, laundry room, The Master has ensuite, gas fire place, jetted tub, stone glass shower, huge walk in closet! The basement has a large family room with wood fire place, built in bar, theater room, bedroom & walk thru bathroom. Large 3 car garage .Call John Krol 780-814-1589 to view. John Krol website
|$239,900 9831-80 Avenue, Grande Prairie, AB
Great family home or revenue property, located on a quiet street in Patterson. This fully developed property offers spacious living room, bright kitchen and dining area with back entry to the deck, two bedrooms and main bathroom. The basement has 2 more bedrooms and a bathroom and also has a wood fireplace, plenty of storage, large laundry room with high-end LG washer and dryer, work bench and cold room. The large south facing backyard is fully fenced and landscaped with plenty of mature trees and shrubs, there is an easement at the back and west side and has potential to accommodate a garage. Call or text Kelly McLeod. 780-882-0185.
Kelly McLeod website
|$189,900 9716-107 Avenue , Clairmont AB
Well maintained, 1336 sq ft mobile home, on its own large corner lot in Clairmont. Featuring 3 bedrooms, main bath, well lit kitchen with lots of cabinets and counter space, open dining and living room. Master bedroom is spacious & allows for a king size bed. The work is all done in this generous yard, nicely landscaped, with trees, raspberry bushes, and is fully fenced and recently painted. Large driveway offers RV parking. This home is great for families with a skate park, water park & newer elementary school close by. A pleasure to show! Call or Text Gail Haakstad today! 780-512-3420.
Gail Haakstad website
|$669,000 10203 --Saxony Road Grande Prairie, AB
Don't miss this beautiful home that is as new. 5 bedroom, 3 full bath home comes with beautiful black granite countertops, upgraded flooring throughout. Spacious kitchen with ample cabinetry & counter space, bright & roomy dining area, a casual sitting room plus a formal living room/dining at the front of the home. The master is on its own level, with walk-in closet, dual sinks & upscale tiled shower. Other 2 bedrooms are a nice size as well. The huge basement was fully developed by the builder and has 2 more bedrooms, full bath, large family room, and has big, bright windows. The welcoming east facing 3 season deck is covered. If you need room for ATVs, RVs and toys, this is the home for you! Boasting a fenced, landscaped, pie shaped .576 acre lot, with 3 bay double garage, plus full RV hookup. 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
| $669,900, 10608-160 Avenue, Grande Prairie, AB
Everything is done! This Meticulous, 5 bedroom custom built, bungalow opens up to a beautiful and cozy living room complete with gas fireplace. Large open concept kitchen with vaulted ceilings, featuring maple cabinets, eating bar, built in appliances and pantry. Escape in the ensuite which features a jetted tub, a shower, double sinks, and walk in closet. Laundry is set up for main floor or basement. Large family room, with two spacious bedrooms and utility/laundry room with sink. 16x33 Deck great for entertaining. Triple heated garage with 16x9 and 10x9 R15 doors. Landscaped yard with concrete curbing, fencing, double gates and a shed. Loads of room to park an RV (75x36 ft). Call or text Gail today! 780-512-3420.
Gail Haakstad website
| $445,000 10411-103 Avenue, Sexsmith, AB
Come view this amazing high end executive home with a triple garage in a new Sexsmith subdivision. Situated on a huge 150 foot lot, with a beautiful view of the valley, this 1624 sq ft Modified Bi-level is loaded with upgrades including gorgeous granite countertops with under mount sinks. The 4 bedroom, 2 bath home features an open plan, hardwood and ceramic flooring, as well as a gas fireplace in the massive living room. The kitchen is awesome, 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. The basement is a full walk-out, with a 4th bedroom. The triple garage is insulated; dry walled and has a floor drain. Call your real estate professional today! (Picture is a sample photo) Call Dennis Stauffer 780-512-3217.
Dennis Stauffer website
|$409,900 7430-112 Street Grande Prairie, AB
MLS® # L097485
This Gorgeous 1217 sq ft up/down duplex is not to be compared with other typical duplexes. Beautiful finishing & large square footage offers tons of living space on both levels & will surely impress the most discerning tenants or make for a great personal home while you rent out the other half. Both units have their own entry, electrical panels, furnaces, laundry & stunning espresso kitchens with stainless steel appliances. Upstairs offers 3 bedrooms & 2 bathrooms including a master bedroom with walk in closet & ensuite. The basement has in-floor heat and also features 3 bedrooms including a spacious master with walk in closet. Other impressive features include corner lot & 3 parking stalls, icf foundation, tile and dark laminate flooring, plenty of storage, on demand hot water & a shed. Call or text Kelly. 780-882-0185.
Kelly McLeod website
|$304,000 #115, 11409-96 Street, Grande Prairie, AB
Adult Living 50+ condo available in Horizon Village. Walk in to this 1307 sq foot home with vaulted ceilings in the inviting living room with large windows and gas fireplace. Go on through to the open kitchen with loads of cupboard space and access to the large back deck. This home has 2 bedrooms upstairs, 1 down stairs, and 2.5 bathrooms. This home also includes main floor laundry. The basement is partially developed with the family room needing to be completed. The basement also includes a bedroom, bathroom and a large storage area. The property is close to transit, shopping, and walking trails and many other amenities. Yard maintenance and snow removal is included in the condo fee. Sit back and enjoy your new home. Call John Krol 780-814-1589.
John Krol website
|$344,900 9102-Willow Drive, Grande Prairie, Alberta
MLS # L095229
PRICE REDUCED! Great family home, across the street from new Riverstone School, has a very open and spacious floor plan. Livingroom features a gas fireplace. Kitchen has stainless steel appliances and attractive dark cabinets. Your family will enjoy the west facing deck, with natural gas line for your barbecue. Main floor laundry is very conveniently located at the entrance from the garage. Main floor has a 2 pc washroom. Double garage is insulated, drywalled, and has an overhead furnace. A gravel pad beside the driveway provides an extra parking space. Backyard is securely fenced to protect your children and pets . Quick possession! Call Joan Prankie @ 780-518-9600 to view.
Joan Prankie website
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