Grande Prairie Real Estate - Homes for sale - Houses for sale - Townhouse, Duplex, Relocating, MLS listings - Grande Prairie Investments
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2015 GRANDE PRAIRIE REAL ESTATE - ROYAL LEPAGE

GRANDE PRAIRIE
ALBERTA, CANADA


Grande Prairie
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.



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Homes for sale in Grande Prairie and area.

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.



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.

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GRANDE PRAIRIE REAL ESTATE
Homes for sale in Grande Prairie, in northern Alberta


HOME STARTS 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.

HOMEBUILDERS CAUTIOUS
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.

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.



(pictured above are 5 homes being built at Westpointe Subdivision in Grande Prairie - 2007


   
   

$144,100 Trumpeter VIllage, Grande Prairie Alberta
MLS # # L089582
This 1520 sq ft home, on rented lot, provides lots of space for your family, and is conveniently located on the east side of Grande Prairie. Home has open design kitchen and livingroom, plus a separate family room/playroom beside the two smaller bedrooms.  Master bedroom has an oval jetted tub in ensuite, and a walk-in closet.  Large deck is great for entertaining or relaxing.  Double paved driveway will fit two vehicles.  Call Joan Prankie @ 780-518-9600 for a viewing appointment.
Joan Prankie website

$380,000  9009-129 Avenue, Grande Prairie, AB
MLS #L089867
Nice sized modified bi-level in a quiet cul-de-sac. Three bedrooms plus a den upstairs in unique layout. Open kitchen & living area on main floor features large island with raised eating bar, gas fireplace. Quality flooring throughout including tile and hardwood. Bright dining room walks out to 2 tier deck and yard overlooking the park. Ensuite is exquisite with 2 sinks, large jetted tub and walk in closet.
Call John Krol 780-814-1589 to view.
John Krol website


$459,900 11149 65 Ave.
Grande Prairie, AB

MLS® #L091722
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


$319,900 6510-60 Avenue, Grande Prairie AB
MLS #L091841
A Real Gem! Great floor plan! Immaculate 1066 sq ft bilevel with 3 bedrooms and 2 bathrooms. This home has been recently renovated with paint, flooring, bathroom fixtures, and much more. Large tiled entry with closet, cozy living room. Enjoy this bright kitchen with pantry and stainless appliances.  Master bedroom has an ensuite and abundance of closet space. Fully developed, well lit, double car garage. Basement is open for your development. Fully fenced and landscaped yard with a newer deck. Easement to the back and side of the property. Call or Text Gai Haakstadl today! 780-512-3420.

Gail Haakstad website


$245,000 10550-111 Street #101 Grande Prairie, Alberta
MLS® #L089748
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
Hythe Alberta

MLS® #L089907
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
Hythe Alberta
MLS® #L089589
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





$158,000, 7858 Cedarwood Park, Grande Prairie, AB
MLS® #L090767
Fantastic starter home or revenue property. This 1081 sq. ft. unit offers 3 bedrooms and main bathroom upstairs. A spacious kitchen with custom, modern white cabinets, updated half bathroom and living room with electric fireplace. Door off of living room leads to a fenced backyard. The undeveloped basement with laundry area can be completed to suit your needs. Sit back and relax while the snow removal and lawn maintenance gets taken care of for you. Many updates over the past several years, including windows, shingles, insulation, down spouts, sidewalks and parking lot.Call or text Gail today! 780-512-3420.

Gail Haakstad website

$459,900- 10506-129 Avenue, Grande Prairie, AB
MLS® #L089229
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 back
Call Dennis Stauffer 780-512-3217.
Dennis Stauffer website

$309,900 8901 72 Avenue, Alberta
MLS® # L091507
Fantastic fully developed 4-level split.  The main level offers a bright living room, dining room & kitchen. The unique upper level has a nice loft that overlooks the main floor & 2 bedrooms including the master with his & her closets & walk thru to full bathroom. The 3rd level has an additional living room with walk-out to the backyard & another full bathroom. The 4th level offers a large bedroom, finished laundry room & tons of storage.  steps away from 2 children's parks & walking distance to Mother Theresa School. This home has been well maintained & the pride of ownership is truly evident.
Call or text Kelly. 780-882-0185.
Kelly McLeod website








$359,000 284-Pinnacle Drive Grande Prairie, AB
MLS® #L089712
Immaculate 2 storey home, Pinnacle Ridge. This home welcomes you to large east facing covered deck to enjoy your morning coffee. Featuring 4 bedrooms and 2.5 bathrooms there is plenty of space for the whole family. The kitchen has plenty of counter space including an island with an eating bar. Off the dining area is a large back entrance and a half bathroom. The bedroom on the main floor is primarily used as a tv or sitting room. The second storey has 3 bedrooms including the large master bedroom with a four piece ensuite that includes a separate shower and jetted tub. Master bedroom window has 4 panes of glass to compensate for the street noise. Call John Krol 780-814-1589.
John Krol website

$524,900 O'Brien Lake, Grande Prairie, Alberta
MLS # L090505
HUGE fenced and landscaped yard, with lighted firepit area and two tier deck, is just what your family has been looking for! This beautiful 4 yr old Devonshire home, is fully finished with 5 bedrooms and 3 full bathrooms. Main level has a very open floor plan with beautiful dark cabinets and high quality stainless steel appliances. Livingroom features an attractive gas fireplace. Spacious dining area has access to the decks. Call Joan Prankie @ 780-518-9600 to view.
Joan Prankie website










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